“Local Trade” – (ICO Review) – A Decentralized-Currency Exchange for Peer to Peer Trading With Escrow Support

bdcoinmarket (25)in #local • 6 years ago

Local Trade is one the latest platforms that allows users to use escrow whilst trading Crypto Currencies. The invention of blockchain technology will soon take over the economic world providing a secure and feeless transaction across the globe. Their team decided to create the world’s first decentralized, transparent and independent escrow system providing a fully secure platform for all kinds of traders across the world. This makes it almost impossible to trace making it harder to make any kind of report against the trader or to find your stolen funds.

What is local trade?
A platform designed to be one of the best performance P2P Exchanges creating a secure environment to trade with the security and protection to keep your funds safe and impossible to be breached by attackers or hacker.

Website:https://www.localtrade.io/
WhitePaper:https://www.localtrade.io/whitepaper.pdf

Local Trade Platform
Local Trade is a decentralized exchange embedded with escrow support to ensure their users can never be scammed and can receive their stolen funds back. They provide an easy-to-use platform with many alternative currencies to allow users to trade FIAT or crypto currencies easily inside a secure environment for all traders. This service provides an ERC20 Token which is also allowed to be traded on our platform. These tokens are used for the initial fundraising to support the full development path, servers, and employee’s promotions for worldwide advertisements.

They are building next trading platform for the crypto industry
An online based peer-to-peer exchange, providing a direct communication with online traders providing a hassle-less exchange for converting your hard earned FIAT to Crypto Currencies without the stress of trying to find a trusted seller that will not take advantage of the price inflations.

Escrow Trading
Escrow trading is a financial agreement in which a third party regulates the trading process by providing a form of security for a buyer or seller. This process involves a secure account to store the funds whilst either the buyer or seller sends the outstanding funds. Once the trader has received his payment he can release the holding funds to the recipient completing the trade. This process stops 99% of scams unless the payment that was made to the trader was a fraudulent payment from someone that is using illegal funds to purchase however these users can be avoided by reading profile feedback and reports from other traders.

How does escrow work?
Once a trade has been opened, the seller will be notified with a direct link to the trade. Once the seller has paid your funds and you have checked the receiving account. When you’re happy with the transacted amount that the trader has sent it. You can now proceed to release the funds from the escrow account. This step will require confirmation either by email or two-step verification, once verified completing the trade, a feedback section will become visible for the buyer and seller to leave positive or negative feedback about the current trade which will be publicly posted the profiles showing the other trades that this user can or not be trusted.

What does Local Trade solve?
Local Trade solves all kind problems and issues with Crypto Trading. We provide a secure platform for trading cryptocurrencies covering all known problems that may happen when trading Cryptos. They solve many issues that regularly occur with blockchain inventions. Their platform provides the securest and easiest way to trade cryptocurrencies without the fears of being scammed or losing any funds. You can sleep safely at night knowing your funds are secured away and none can touch them.

Feedback System
Local Trade provides an inbuilt feedback system for when trades are completed. You can leave a-star or a minus 5-star rating about your trade leaving positive feedback for the user showing everyone that starts a trade with the trader, he can be trusted and is a recommended trader. We feel users may take a bribe to keep comments clean so they are ensuring 100% safety for trading.

Mobile app
Mobile Applications will be released within the coming months for Local Trade making it easy to trade your cryptocurrency on the go. Providing the best security features we can provide, using such features as Touch ID, Retina, Facial recognition to protect your funds and account from being breached. As well as, real-time notifications to update you about active trades or live crypto rates and monitors to find the best time to sell your cryptocurrency. Making it easier for daily crypto traders to trade their favourite currencies without having the hassle to move it from wallet to wallet.

Live crypto rate
Latest cryptocurrency news
Cryptocurrency exchange

Their coin
A decentralized crypto currency to cover fees for transactions within the localtrade platform and can be used to purchase services that accept LOT Coin.

Lot coin

Localtrade (LOT) Coin is an open-source digital currency, allowing merchants and crypto across the globe to send transactions fast and with almost no fees. Their cryptocurrency utilizes its own blockchain using cryptography to store each transaction and all records that are generated within the blockchain managed by their peer to peer network.

Coin Sale

Crowd Funding Allocation
Their developers use the Ethereum Network using smart contracts to fund Local Trade. The smart contract was custom developed platform for Local Trade by their founders this helps support the funding for development and advertisements. Once these deposits have been confirmed, you will receive your ERC20 tokens: LT (Local Trade) directly to the wallet you sent the funds from, receiving your tokens almost instantly once they received the ETH.

Minimum Investment: 0.5 ETH Maximum Investments: None. Value per token: 0.01 USD

Bonus Discounts

ICO distribution
The initial coin offering is to help us raise enough capital funding to help support Local Trade financially throughout the years to come in the Crypto Currency world. The capital funds will be used on development of new services and technologies to improve the accessibility for our users.

To find out the amount of coins, you can receive from sending funds you can find that out in the client area, which can be found top-right of the screen by clicking “Sign In”.

Symbol: LOT
Initial Value: 0.125 USD
Type: Own Blockchain

Allocation chart

Roadmap

Team member

Advisors

Conclusion:
I think this is a great project with a good foundation and unique concept that is so incredible and can be an excellent long-term project so what are you waiting for, join the team and be a good thinker like them.