The LCS Cryptoshare crowdsale, where 100% of returns are dispersed to token owners, provides unmatched degrees of transparency as well as inclusiveness together with decision-making ability. The early affinity for their ICO shows an industry grown really weary of propaganda and then hyperbole - thus market participants trying to actually get on the market will likely require moving swiftly.
Cryptographic space today fills with jargon like some other segment, and also things move very fast. If perhaps ICO was actually the cryptocurrency word of the unofficial 2017, then decentralization seems to be a candidate for 2018.
But the fact that a word has been abundantly scattered on every document that goes over your desk in recent weeks does not mean that it has a coherent and commonly understood meaning. Literally, almost all blockchain applications are decentralized to some extent. But in LocalCoinSwap they go a bit further, in the way they lead the conversation:
Our business model is on an equal footing, says Daniel Worsley, COO of LocalCoinSwaps. The LocalCoinSwap market is designed to facilitate direct exchange between users, facilitating the provision of custody and communication services to facilitate this. It is the users who are the true stakeholders, in fact, the owners of the exchange.
Localcoinswap Will Solve Most Problems
LocalCoinSwap is a new company that is trying to solve one of the key cryptocurrency issues: the inability to buy any person's currency or file directly. The aim is to avoid central stock exchanges and the high fees that may be incurred in transactions on a third-party website.
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LocalCoinSwap is a decentralized marketplace of individual users who have the ability to buy and sell any cryptocurrency on any payment method, directly without the need for external foreign exchange market, or platforms such as CoinBase Managed Depository.
As mentioned above, it's a bit similar to LocalBitcoins and could only be referred to as LocalAnyCoin, since the previous user can only buy and sell Bitcoins with any payment method possible, including joint sessions.
For example, if you have a lot of ETH or XRP you would like to remove, or if you want to buy the IOTA before you shoot, you should usually go several steps and different web and wallet websites before reaching its destination, with almost 50 finishing% of your initial investment in hand.
With LocalCoinSwap, you can easily find a match that you want to exactly buy or sell, the operation will take place and in the LCS platform with the traditional system of detention, where it keeps the coins exchanged, you can receive a payment confirmation from the other end and then give the coins to the customer. All this at rates of 3% to 10%, more or less the same as in LocalBitcoins!
Symbolic
LocalCoinSwap has its own token called LCS, which acts as an active crypto-store. The platform wants to distribute 100% of its profits from its p2p Exchange service to its shareholders. As the website grows and more commercial exchanges take place, its stake becomes more relevant and stronger, more or less like a traditional stock-based company.
LCS Holders Will Also Receive New ICO Tokens Listed On The Localcoinswap Platform
The total supply of Token LCS is set at 100 million units, with 70 million distributed by the levels crowdsale individual investors and the circulating the supply, while 20 million tokens are frozen in a condition reserved for later use. All unsold tokens are burned to use the first participants immediately. Only 10 million will be reserved for the platform to update their services over time.
$ 500,000 and $ 20,000,000 USD are the absolute and absolute fix limits, and the project will be 100% transparent, with its open source code accessible to all on GitHub.
The initial price of an LCS is set to 0.0004 ETH, which makes 1 ETH equal to 2500 LCS.
Team
The LCS team is highly qualified at a young age and has a solid professional background. Nathan Worsley, a graduate, and economist develop a set of successful trading algorithms based on the tribal arbitrage along with cryptocurrencies. He has based actually in Hong Kong, founder of the company and currently CTO. Nathan Worsley is indeed behind the Digital Assets Management Ltd as well as a skilled high quantity P2P broker on the LocalBitcoins.com.
The well-known Underwood Thomas, the team's CFO, holds a popular Bachelor of Commerce and then a specialization in accounting out there. He is a seasoned financial psychoanalyst as well as business expansion manager, with roles in Major Australian and international private companies, and is also Australia's regional manager for TradingView.com
The team continues to consist of international experts specializing in financial services, pure mathematics, data analysis and computer science, as well as many Blockchain experts. Everything from decades of history in the industrial sector of the economy!
Major advisors include David S. Lee, with a background in Goldman Sachs, while holding several degrees from the UCLA Law School, the London School of Economics and Political Science, Harvard University, and Brigham Young University.
It is clear that they have made their recruitment calculations and that the team has filled every nook and corner with the necessary forms of human resources for professionals in the financial sector.
Judgment
The exchange of cryptocurrencies is becoming a completely new hobby for the technology generation and is not limited to financial circles.
Platforms such as LocalCoinSwap make it easy for anyone to access these new digital assets while allowing their clients to trade directly and in real-time currencies that would otherwise require leeches from third parties.
A great Cryptoshare model is a revolutionary approach to distributing tokens among shareholders, and it's the first time we've seen a startup based on Blockchain being so generous with its public.
Risks
From An Investor's Perspective, The Following Facts Are Important When Weighing Localcoinswap:
While it's an innovative idea of how a community-centric market should work, LocalCoinSwap will compete with established platforms such as Paxful as well as LocalBitcoins, which together have absorbed more than half of the direct P2P range. -2
The possibility of having most of the shares they buy from individual investors could lead to some sort of centralization if the main funds receive a large part of the initial offer. -3
It may take some time for users to trust each other as the market relies on trust between the two extremes (buyer/seller) and the intermediate LCS platform. -1.5
Opportunity For Growth
On the other hand, have a new token with the ETH 0, 0004 per share only starts 100 million units in supply could also be burned in the process is more attractive to investors cryptomonads. Plus 2
It's revolutionary to create a platform where users can directly exchange their favorite digital assets for the first time. As such, it will definitely attract the majority of the crowd that invests. plus3
About $ 50 million dollars in Bitcoin are exchanged every day under the wing of Paxful alone, so we can imagine just multiplying that number on a platform that works exactly with dozens or even hundreds of options making the same work under a similar concept. plus4
Most oldcoins have a big problem when it comes to capitalization: it forces you to turn it into bitcoin or astraleum before turning it into different fiat currencies. With LocalCoinSwap, you can convert your IOTA, XRP or TRX into cash at any time with any payment method. Plus 3.5
Disposal
While LocalCoinSwap sounds like a solid project, it may seem a bit romantic to others, especially when considering the latest editions of cryptomonads exchanges with regulators. The Japanese foreign exchange marketplace Coincheck has been forced to lay off some of its very own digital items, such as the DASH, NEM, Monero, and also Zcash.
To truly abide with the very new rules, even while the Binance was actually pushed to flee the land of the stunning rising sun to look for a new abode in the great Malta, in which cryptocurrencies are not yet regulated.
The G20 and the European Commission are leading the Blockchain Observatory and Forum and are already working hard to develop a regulatory plan by the end of the summer. Things could change drastically in the coin-base after sharing this point and decentralized cryptomonads and p2p markets cannot be satisfied with this market.
The Structure Of Localcoinswap Is Hosted On The Blockchain
The LocalCoinSwap token LCS Cryptoshare is a real bet on the platform itself. This provides two unusual benefits for investors. First, all holders of Cryptoshare receive quarterly dividends in a basket of key currencies, as well as token ICO market launches, as they add it to the platform to generate a residual income for all investors, he continues, providing the token with immediate intrinsic value and makes it a very desirable long-term retention.
Unlike traditional financial companies, ownership structure and dividends LocalCoinSwap are fully housed in the blockchain, a verifiable book, and indelible performance and financial control of the company.
But that's not all. In addition to providing dividend payments in line with the success and expansion of the bag itself, LCS Cryptoshares functions as fully voting shares in the company.
Our roadmap initially envisaged the first shareholder vote for July 2018, but as in advance, we exceeded our timetable there. Due to the dramatic fluctuations in prices of Astraleum in March, we have a proposal to shareholders, which voted to fix the price of tokens in dollars rather than the ETH. The speed of the voices and the enthusiastic participation and commitment to them are a valuable test of our governance model.
After working with our community over social networks for months, it was no surprise how they all jumped and got involved. But it was a great endorsement of our decision to fully democratize ownership of the exchange, and it showed how willing people can participate when an important decision is at stake.
There seems to be a real desire for this truly refreshingly special technique to building as well as managing an exchange of cryptocurrencies. With the sum of 100,000,000 LocalCoinSwap Criptoshares and also 21,000,000 previously sold in just very first couple of days, it is very improbable that it is going to close sooner.
The LocalCoinSwap Review Conclusion
We are already investing in pre-sales to expand the development team and add additional back-end functionality to the wallet, which will bring at least 17 fully-functional cryptocurrencies to market. We want to add more. This is possible thanks to the contribution of newly appointed technical advisor Kiminios George, the CEO of a beautiful Coinomi Wallet.
All these wallet methods are the very wallet tools we employ on the stock market. Therefore, any currency a person can invest with right now can be traded on the great LocalCoinSwap system. If this combination of inclusion, professionalism, transparency as well as potential intrigues you, you can consult the website. Also, do not forget to join in the entertainment on the animated social media channels.
More Information :
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Author : jameshoang
Bitcointalk username : jamesgatsby
ETH address : 0xb28f2d789e9dae9fccff7e810a846f4b42a29c12