Project overview- LocalCoinSwap! (ICO)
Greetings to you my blog reader!
Dear friends, it's time to talk about a promising project called LocalCoinSwap!
Enjoy reading!
The digital ecosystem becomes an integral part of our life, as traditional economic systems begin to adopt the ideas of decentralization and unlimited trade. The main problems of modern centralized exchanges are the general level of inefficiency, security problems, waiting time and unjustified verification requirements. This creates a high threshold for entering the market for a huge number of potential users. Also common problems are unethical practices of insider trading, outstripping transactions and the establishment of fraudulent prices.
LocalCoinSwap is a return to the pristine structure of the exchange of goods, which was dispensed with the mediation of state or private institutions. Simply put, this is a peer-to-peer system. Using it as a digital currency, LocalCoinSwap can return this market to users, thereby enabling them to trade any crypto currency using various payment methods wherever you are.
LocalCoinSwap provides its users with a safe, fast and easy-to-use exchange platform, centered on the principle of a peer-to-peer network (P2P: a network based on the equality of participants). With the help of the peer-to-peer network, users are given all opportunities for free exchange of crypto-currencies, bypassing unnecessary testing requirements and waiting time. The platform uses a system of depositing (storing from a third party), thereby avoiding problems related to the issue of trust that often arise in the field of peer-to-peer trading, thereby creating a decentralized market that allows buyers and sellers to trade any crypto currency from hand to hand, using any method payment.
LCS Cryptoacctions are not traditional ICO tokens. Cryptoaccounts provide their holders with guaranteed 100% of the total profits of the Localcoinswap exchange using crypto-currency dividends.
The exchange's profit is calculated and allocated at the end of each fiscal period. The total number of issuing dividend tokens and voting tokens will equal the number of LCS Cryptoactions. Then these tokens will be given out to owners of LCS Cryptoaccounts in the ratio of one to one.
Overview of ICO:
Token: LCS
Price list for LCSP: 0.0004 ETH (1 ETH = 2500 LCS)
Maximum LCS: 100,000,000
Available through pre-ICO: 70,000,000
Freeze token: 20,000,000 Toxin
burning: All unsold
Payment currencies: ETH, BTC, USDT , BCH, XRP, USD, EUR
Lower limit of fund raising (soft cap): 500,000 USD
Upper limit of fund raising (hard cap): 20,000,000 USD
Bonus structure: Community based
Transparency: Public access (public Github)
Distribution of Crypto transactions:
70%: the maximum part of distributed Crypto transactions is given to investors through krausejla ( "Selling to the crowd"); unsold assets are burned.
10%: intended for the venture fund of the community. The use of the fund's resources is decided by voting.
10%: prepared for the development team (frozen by a contract for 1 year).
5%: incentive program, to engage in the community.
5%: designed for an incentive program for users who increase the security of the platform.
The LocalCoinSwap platform is developed on the basis of a modular process. The concept combines 5 key systems and 350 functions. Each function is developed individually and is tested by the team before it is integrated into the project. Tests of individual blocks allow to ensure the protection of the system and eliminate the contradiction between them in the process of adding new functions. The team of experts LocalCoinSwap is looking for errors in the development of the site. Also there is an independent agent that tests the system to find weaknesses and vulnerabilities, strengthening the security of the site.
Thank you for your attention and until I meet again in my blog!
Links to the project:
Website: https://www.localcoinswap.com/
Whitepaper: https://www.localcoinswap.com/LocalCoinSwap_whitepaper_v1.0.pdf