LOCALCOIN PROJECT REVIEW

ohkalove101 (25)in #localcoin • 6 years ago (edited)

LOCALCOIN is a new blockchain based project which involves trading of crypto-currency and exchange of digital currency from one to another. I believed every readers of this articles knows what trading is all about and so I shouldn’t be wasting time explaining further about trading.

LOCALCOIN is a transparent platform in which traders are been given timely updates and report about the ongoing activities in the platform and they can as well verify every activities and transaction conducted on the blockchain network which another reasons for adoption blockchian technology LOCALCOIN so as to increase the transparency level

LocalCoin’s ultimate aim is to transform the waydecentralizedmarket operates. We do so by providing a technologically more efficient, transparent and reliable solution, making use of a public blockchain ledger and smart contracts. Our Vision is to become a world’s leading bitcoin and blockchain technology provider through a community ofcommunity ofpeople who shares the same libertarian values and freedom.

Apparently, the project has seen a lacuna in the way current decentralized exchanges are set up. They are counter-intuitive and difficult to use, especially for a non-tech crypto enthusiast. LocalCoin is trying to simplify the whole system.
One of the things that stands out about LocalCoin is the fact that they are not trying to overthrow or compete with other decentralized exchanges. Rather, they are starting from where they stop, improving what is already on ground. Upon closer scrutiny, this is the basics of doing business – just do it a little better.
Users on the LocalCoin platform can create their own smart contracts and exchange multiple digital assets on a truly decentralized platform; from cross-chain transactions to same protocol transactions.

Team

The team is made up of 14 individuals and 1 investor with varying areas of expertise. However, most of the team members appear to have a background in IT. I would have to cut them some slack here since building a decentralized system that has a solid UX and UI has more to do with development than administration

TOKEN INFO

Name: LocalCoin Token

Symbol: LLC

Timestamping scheme: Delegated Proof of Stake and Proof-of-node

Transparency: Open source

Block time: 2 seconds Initial 1 LLC

ICO price: $ 0.5 US Dollar (USD)

FUND DISTRIBUTION

10% (10 000 000 LLC)

Air-Drop Automatically paid into the very first 100 000 registered accounts.

10% (10 000 000 LLC)

Bounty Program allocated to bounty program for community engagement

80% (80 000 000 LLC)

Public Crowd sale no maximum allocation to investors through entire crowd sale without burn of unsold 1 000 000 000 LLC Development team allocated to the development team (frozen by contract for 1 year)

ROADMAP