LocalCoinSwap aims to create the most inclusive market in the world. Find out how it works today in our reviews.
What is LocalCoinSwap?
LocalCoinSwap , found online at LocalCoinSwap.com, is a cryptocurrency exchange that aims to give more control over the platform. Creators claim that their market is “the most financially transparent exchange on the market.”
Why is transparency important? Why should you care about transparent exchanges? That is because the stock promises to distribute 100% of its profits to the public.
Societies are also permitted to vote democratically on all aspects of market operations.
The final goal of LocalCoinSwap is to create better p2p cryptocurrency exchanges. This will solve the problem of centralized and decentralized exchange today. It will have an escrow service to facilitate a decentralized crypto exchange, which makes it more of a decentralized exchange.
How LocalCoinSwap Works?
Obviously, there are already hundreds of cryptocurrency exchanges available today. What makes LocalCoinSwap different from its competitors?
LocalCoinSwap emphasizes low cost for traders. Users will facilitate peer-to-peer transactions, which means you do not have to pay a fee to an intermediary.
LocalCoinSwap also claims to support more existing peer-to-peer exchanges:
” Crypto bidding and payment methods, with the developer team after launch which is the primary goal of applying a new currency. “
LocalCoinSwap also plans to launch special support for ICO and other new token projects. ICO makers can launch their projects on the platform, for example.
Overall, LocalCoinSwap sees itself as a “true” P2P trading, where the users can swap assets they have for the assets they want. They can pay a low cost when revenue sharing is generated by the platform.
What problem is searched by localCoincom to solve?
LocalCoinSwap is a decentralized crypto exchange that aims to solve most of the problems we associate with centrally decentralized crypto, including all of the following:
Centralized exchanges often restrict new user enrollments, or require users to divulge intimate identity information before trading
Centralized exchange is subject to unclear rules based on the country in which they operate
The existing decentralized crypto exchange is highly fragmented and not inclusive
Decentralized exchanges are particularly problematic for those who have less popular fiat or crypto currencies
Many users are forced into cryptocurrencies into better-known crypts (like BTC or ETH) before finally purchasing the crypto they actually want to buy.
In addition, today’s exchange does not allow users to share the benefits generated by the platform
LocalCoinSwap aims to address all these issues.
How does LCS Cryptoshares work?
LocalCoinSwap will have a token sale for LCS Cryptoshares. In essence, LocalCoinSwap is a tokenizing platform, then sells tokens via ICO.
The whitepaper does not try to hide the fact that you are buying a common stock:
“The Cryptoshare LCS system employs blockchain technology to replicate traditional enterprise ownership through shares in a more secure and decentralized way.Similar to the issuance of common shares and profits distributed through dividends, LocalCoinSwap Cryptoshares issues that grant shareholders rights to ordinary interchangeable dividend tokens.”
The entire tokenization system is hosted on blockchain, giving users an auditable and unforgivable public book about the company’s financial performance.
The LCS Cryptoshares system is scheduled to launch in August 2018.
When the system is launched, the token holder is entitled to a 100% guaranteed right of the total profits of the LocalCoinSwap exchange through the cryptocurrency dividend. The entire payment system is based on a transparent blockchain, letting you see exactly how the system breaks down.
As the holders of LCS tokens, you are also eligible to participate in the platform decision-making process.
The LocalCoinSwap LCS Token Sale
The sale of the LCS token will start with pre-sale on March 15, 2018. The sale has a soft cover of $ 500,000 USD and a hard hat of $ 20 million.
There will be a total supply of 100 million LCS Cryptoshares, with 70 million available through a combination of pre-ICO, pre-sales, and ICO. The remaining tokens are allocated to public business funds (10%), the development team, frozen by a 1 year (10%) smart contract, a reward (5%), and a Program reward for users to enhance platform security (5%).
The proof will be sold at the price of 1 ETH = 2500 LCS.
LocalCoinSwap LCS feature
The LocalCoinSwap platform emphasizes all of the following features. Overall, developers have built platforms with three basic principles: they want the platform to be safe, easy, and fun.
Some Coins Offered:
LocalCoinSwap has been awarded great emphasis on adding many diverse coins to the platform. They want to offer more pairs of coins than other decentralized exchanges.
Escrow System:
LocalCoinSwap has an escrow system that acts as an intermediary between buyers and sellers. When a trade begins between merchants, LocalCoinSwap takes a crypto part of the transaction while fiat currency payments are made directly from the buyer to the seller.
After payment is made, and the seller can verify fiat currency transactions have been received, crypto delivered to the buyer. The escrow system will prevent user funds from being locked up during turbulent market times by issuing deadlines for each step of the contract process.
Multi Signature Support:
LocalCoinSwap will have multi signature transaction options to improve security.
Dispute resolution:
In the event of a dispute, the escrow release shall be suspended and supporting documentation requested from each party to mediate the settlement.
User Input and Community Engagement:
LocalCoinSwap emphasizes an active community where users can easily send feedback to the platform.
Security:
LocalCoinSwap will have a full-time security team. 95% of the cryptocurrency deposit will be stored in the offline wallet to minimize the potential loss due to hacking.
Simple Cost Structure:
LocalCoinSwap will charge on the basis of a comparable exchange, with the aim of matching or defeating the exchange. This fee is currently set at 1%.
Who’s Behind LocalCoinSwap?
LocalCoinSwap is led by Aapeli Vuorinen (Lead Security Engineer), a data analyst, a white hat hacker, and a stack developer full of 10+ years of experience.
Other key members of the team are Nathan Worsley (Chief Technical Officer), Thomas Underwood (Chief Financial Officer), Valeri Natanelov (Chief Marketing Officer), Daniel Worsley (Chief Operating Officer), and Kevin Sparks (Lead Developer).
LocalCoinSwap is headquartered in Wan Chai, Hong Kong. The company was founded in 2015.
ICO ICS LocalCoinSwap Conclusion
LocalCoinSwap websites mention that “this is how it should be built.” The goal is to create a better crypto exchange that solves the problem of centralized and decentralized exchange today. This is “the most inclusive decentralized cryptocurrency market in the world.”
To learn more about this project, visit online today at LocalCoinSwap.com. ICO platform for LCS Cryptoshares launched in mid-March 2018.
Roadmap
1
December 2015
Company Establishment.
2
September 2016
The original team member was founded.
3
March 2017
Development of concepts
4
August 2017
Development of exchange begins.
5
February 2018
Launching
Prelco’s official paper.
6
March 2018
Presale.
7
April 2018
ICO.
8
May 2018
Submissions for “exchange list.
9
June 2018
Initial access to the platform.
10
July 2018
First Cryptoshare vote.
11
August 2018
Release date for exchange
12
October 2018
Integrated REST API.
13
January 2019
Mobile trading app
14
February 2019
Begin the dividend distribution.
Info token
Token
LCS
Platform
Etereum
Type
ERC20
Price on ICO
1 LCS = 0.0004 ETH
Tokens for sale
70,000,000
Info token
Token
LCS
Platform
Etereum
Type
ERC20
Price on ICO
1 LCS = 0.0004 ETH
Investment info
Receive
ETH, BTC, USDT, BCH, XRP, USD, EUR, GBP, AUD, NZD, CAD & more
Distributed on ICO
70%
Soft hat
500,000 USD
Hard hat
20,000,000 USD
Contact
The developers can be contacted using the link below:
Author by koteb17
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