Despite the fact that the cryptocurrency economy has made a huge step forward over the past few years, its infrastructure is functionally lagging behind the overall level of development. In particular, this applies to cryptocurrency exchanges. They are still the stronghold of centralization in a decentralized ecosystem, which has a number of negative consequences: lack of full control of own finances, high costs imposed by intermediaries, etc.
The only effective solution to the problems that are currently relevant in the crypto-currency market is the creation of a decentralized exchange, the management of which will be concentrated in the hands of the users themselves. So is the exchange platform LocalCoinSwap. Let us consider its features in more detail.

What is LocalCoinSwap?

LocalCoinSwap is a fully decentralized exchange, the main task of which is to form a transparent and open exchange market of cryptocurrencies. Unlike most of similar platforms, LocalCoinSwap adheres to absolute democracy and equality for users - all important decisions within the system are made on the basis of a general vote, in which all holders of exchange tokens can participate.

LocalCoinSwap allows to solve a number of problems that are typical for modern centralized and decentralized exchanges:

• The need to open personal data of users, which deprives the cryptocurrency segment of anonymity.
• Centralized exchanges are often forced to adhere to the legal framework of the country in which they are registered, which partially limits their functionality.
• All existing crypto-exchanges are not independent and have a single management body that takes all decisions on the platform's work.
• Both decentralized and centralized exchanges are often limited in terms of available cryptocurrencies and exchange directions, which complicates trading.
• Most of the existing decentralized crypto-exchanges are not able to provide sufficient liquidity for altcoins.
• In most cases, managers reserve all or most of the profits brought by the platform in the form of commissions.

LocalCoinSwap is the key to solving all of the above problems.

Advantages Of LocalCoinSwap

The main advantages of the decentralized exchange LocalCoinSwap include:

• Full democracy. All participants of LocalCoinSwap have the same rights and can participate in voting for decision-making on the development and change of the platform.
• Security. 95% of all funds will be stored in cold storage, and two - factor identification of different types will be used to gain access to the account-by e-mail, e-mail or through Google Authenticator.
• Full distribution of profits. All revenues received by the platform in the form of commissions will be distributed among LCS token holders in full.
• A wide range of cryptocurrencies. The developers claim that their exchange will have the most complete listing of cryptocurrencies, which will allow users to work freely even with the most rare altcoins.
• P2P. All transactions will be carried out without the participation of third-party intermediaries, which allows to reduce the costs of operations, as well as to ensure full control over financial flows for users.

Thus, LocalCoinSwap will become a truly revolutionary solution in the field of cryptocurrency trading and exchange.

How will LocalCoinSwap work?

The principle of the platform operation will be practically no different from the classical exchanges:

• You create your account.
• Transfer cryptocurrency or Fiat money to your account
• Start trading.

In this case, the platform fees will be paid by internal LCS tokens. They will be sent to the balance of the exchange, and then distributed among the coin holders. You can buy tokens today - the sale token will last until June 15.

Conclusion

LocalCoinSwap is a truly democratic exchange, which removes all the deficiencies in decentralized and centralized platforms currently. This is the main value of the project. From the point of view of the commercial value of LCS tokens, we should also expect positive growth. This is due to the wide coverage of the audience interested in using the resource and storing coins to receive dividends.

More details can be found on the links below:

Website : https://www.localcoinswap.com/
Facebook : https://www.facebook.com/localcoinswap/
Telegram : http://t.me/localcoinswap/
Twitter : https://twitter.com/localcoinswap_?lang=en/
ANN Bitcointalk : https://bitcointalk.org/index.php?topic=3009721.0