Today, cryptocurrency has become a part of the modern world. When you own cryptocurrency, you’ll start to have thought about trading your cryptocurrency for profit. There are literally hundreds of coin out there on the market such as Binance, Bitfinex, Bittrex, Yobit, Huobi, … The cryptocurrency market is a centralized market with lots of security risks, inefficiencies, uncomfortable verification, expensive withdrawal fees, trading fee is a problem when you’re a multi-crypto day trader, too lag on some markets , country restriction, and only getting profits if the price of cryptocurrencies go up. So because of this inconvenience, there is an idea that can transform these obsolete trading platforms into something new, a peer-to-peer (P2P) trading platform. LocalCoinSwap was born from this idea.
WHAT IS LOCALCOINSWAP ? WHAT IS THE DIFFERENT BETWEEN LCS AND OTHER TRADING PLATFORM ?
Cryptocurrency and other digital assets have revolutionized the financial world. In 2017, cryptocurrency market capitalization grew by 3171% for 700 billion USD, the highest rate in the history of financial.
The rise of cryptocurrencies has created huge economic and investment opportunities. However, many people still hesitate to invest. The reasons to believe is that due to lack of patience or tech-savviness, inefficient and lengthy process of subscribing, and security. For many people, open a trading account can be a very difficult task. There are lots of cryptocurrency that restricts new account registration, or force them to show your personal information such as passport photos and personal documents online. And users are asked to transfer their money to a forein companies without any legal oversight.
P2P markets have been around for sometime, but there are highly fragmented. Users who want to but coin, apart from the top few cryptocurrencies, must have access to both P2P exchange and a centralized mainstream exchange, and usually it take a long time to process the transactions. So a mainstream P2P marketplace is in needed, to cut back the waited time, and to allow cryptocurrency to be traded for fiat currency in an instant.
And because of this, users who only desire is to purchase a cryptocurrency with fiat cash, they must utilise more than one exchange and have to pay for all of associated fees to complete their purchase. Users also need to pay for their transaction fees when they want to transfer their coin from one marketplace to another one. This make using cryptocurrency become increasingly inconvenience and hard for people to comprehend with it, and make users easily expose to platform failure or hacking.
This is the reason that led to the creation of LocalCoinSwap.
LocalCoinSwap is created for the community and owned by the community. It is a decentralized market. It’ll allow people to sell and buy cryptocurrency through directly trade with each other. Just simply sign up to LocalCoinSwap, instantly, and without unnecessary verification requirements. The trade start with choosing a coin, agree on how to pay for it, LocalCoinSwap will keep the cryptocurrency safe while direct payment is made between two people, once payment arrives the cryptocurrency is released to the buyer, and the trade is complete. LocalCoinSwap provides a secure, uncomplicated and fast P2P trading platform. This platform uses a secure escrow system to solve the inherent trust issues of online P2P trading.
There is currently a gap in the cryptocurrency market that creating an unserviced demand. The users are frustrated with the fact that they’re unable to quickly or easily purchase non-mainstream cryptocurrencies, that it takes a long time to process the transactions, wastes users time throught overseas banking transfers and onerous verification procedures.
LocalCoinSwap infrastructure will close this gap, by not only offering a P2P exchange for all cryptocurrencies, but by also tokenizing ownership of the exchange itself through the world-first Cryptoshare system.The LocalCoinSwap Cryptoshare system uses Blockchain technology to atc as an traditional company ownership through shares but in a more secure and decentralised manner. LocalCoinSwap issues Cryptoshares which entitle holders to regular redeemable dividend tokens. And the ownership and dividend structure of LocalCoinSwap is hosted entirely on the Blockchain, providing a publicly auditable and unforgeable ledger of the company’s financial performance.
The platform also implements a novel approach to traditional company ownership by making use of blockchain technology to distribute the entirety of the sites profits to holders of LCS Cryptoshares. Holders of the Cryptoshare may also participate in the long run vision and decision making of the company itself through democratic voting in a proof-of-stake system.
ICO DETAILS
Token: LCS
Price: 1 LCS = 0.0004 ETH
Accepting: ETH, BTC, USDT, BCH, XRP, USD, EUR, GBP, & more
Soft cap: 500,000 USD
Hard cap: 20,000,000 USD
DEVELOPMENT TEAM
The LCS ecosystem is run by Aapeli Vuorinen who’s a lead security engineer of LCS, white-hat hacker, data analyst, and full-stack developer. He has more than a decade of experience in software development and systems administration. Apart from him, the team includes a wide range of other experts and blockchain specialists who’re working hard to make sure that decentralization remains at the heart of this crypto exchange.
CONCLUSION
The LCS ecosystem is set to change the way we built and managed marketplace. The LCS project is quite similar to many other groundbreaking ICO projects. But the ultimate goal is all the same, that is to solve all the problems that not only centralized, but also decentralized exchanges face today.
So, if LocalCoinSwap’s crypto concept piques your interest, then this project is probably meant for you. This ICO is not a new idea, but it’s unique in the way that it help to distribute 100% of profits back to the users, to help users to save more time, provide a secure, uncomplicated and fast way to transfer your cryptocurrency. So if you wish to take part in this, I suggest that you go through ICO’s page before making the final call.
FOR MORE INFORMATION, PLEASE VISIT
Website: https://www.localcoinswap.com/
Whitepaper: https://www.localcoinswap.com/LocalCoinSwap_whitepaper_v1.0.pdf
Facebook: https://www.facebook.com/localcoinswap/
Twitter: https://twitter.com/Localcoinswap_
Telegram: https://t.me/localcoinswap
AUTHOR
Bitcointalk Username: Donmase
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1236591