LocalCoinSwap ICO: Is It Worth Investing?

Hey everyone. If you checked out my last post LocalBitcoins Demands KYC Verification, you will see that LocalBitcoins is starting to implement KYC in order to Buy and Sell a "significant" amount of BTC. I also mentioned that in my opinion, if enough users leave LocalBitcoins, this could be a big boost for Decentralized Exchanges or DEX. In doing some further research, I came across an ICO that piqued my interest. The ICO is called LocalCoinSwap. This post will be a quick breakdown of LocalCoinSwap. Lets get to it...

How LocalCoinSwap Works:
The Platform for LocalCoinSwap will give users the opportunity to purchase cryptocurrencies directly from other users P2P or Peer-to-Peer. All you have to do is create an account and simply sign in to your account. Once signed in, you will instantly gain access to the Platform. Here is the great part...NO VERIFICATION REQUIREMENTS. Once logged in, you can then search a variety of cryptocurrency ads for the best deal that fits your needs. Once you find a deal that you like, agree on the payment method and enter into a trade. This is where LocalCoinSwap's Platform steps in. They will hold the Seller's Cryptocurrency in escrow while direct payment is made between the two traders. This is known as a "Trustless Transaction." Once the payment arrives, then the crptocurrency is released to the buyer, and the trade is complete. The Platform trades cryptocurrencies only. If a fiat deal is made, then 3rd party digital payment systems are used. This is genius on LocalCoinSwap's part, because this loophole allows them to avoid KYC.

LocalCoinSwap aims to be the World's Most Inclusive Exchange by offering instant sign up, no verification, and no restrictions in any geographical location. They will also offer a Dedicated Support Team and integrated social media features. It is also going to be Community Owned. This means that after all costs and expenses are paid for, 100% of PROFITS will be distributed to users through the blockchain using Smart Contracts. Payouts to the holders of LocalCoinSwap (LCS) will be given quarterly as Dividend Profit Payouts in multiple currencies and also via Airdrops of new ICO tokens. This could be a great way to earn some extra passive income. Holders of LCS will also be given access to voting via a proof-of-stake system to have more alt currencies added to the exchange.

LCS will earn it profits by collecting escrow fees from each transaction made on the platform in all of the currencies traded. At the end of the quarter, 100% of profits are distributed to LCS holders using Equal Weighting. This means that if you hold 1% of LCS, then you will receive 1% of the profit. The same goes for the ICO Airdrops. So essentially by holding onto just LCS, you can passively earn multiple crypto currencies.

https://www.localcoinswap.com/general.html

Currently, LCS is in the ICO Stage 1 Phase. The Total Available Supply is 70,000,000 tokens. The Soft Cap has been reached, and they are currently at 32.95% sold...roughly 23,064,233 LCS. Early investors will be rewarded with bonuses of up to 20% depending on how it sells. The current price is pegged to $0.40 USD per LCS. You can pay with 17 different cryptos if you decide to invest. The ICO runs until June 15, 2018. If you are interested in purchasing, I will include my reference link https://ico.localcoinswap.com/r/GVL3923
This link will give you an automatic 5% bonus on your first purchase, and it will give me a few LCS as well. I consider that a "Win-Win!" Thanks for stopping by. Full Disclosure...I love this project and I have personally invested. Please share your thoughts...