Overview LocalCoinSwap ICO
LocalCoinSwap platform
LocalCoinSwap (LCS) is a decentralized market, which allows buyers and sellers to trade directly in any currency using any payment method. provides a safe, simple and fast peer-to-peer (P2P) trading platform, allowing users to freely exchange without unnecessary verification requirements or waiting times. The platform uses secure escrow system that solves the inherent problem of trust in online trading P2P.
Goal
Task LocalCoinSwap — to solve one of the most important problems of the modern world. Market participants trading are not equal. The average user has less features than the monopolists and regulators. Because of this he cannot obtain from trade high profit.
LocalCoinSwap change existed for centuries paradigm. The Playground will be created for peer-to-peer ecosystem. No user will have more rights than the other participants.
It will return the market of trade assets to those who are really doing investors. In addition, the approach LocalCoinSwap allows to exclude from the chains of intermediaries that reduce the cost of transactions and accelerate.
Advantages
• Wide variety of cryptocurrencies (so far running 10 tokens, the plans of the founders of the platform to increase the offer in 3-5 times).
• High safety (funds are stored in cold wallets).
• No trading restrictions — users can exchange tokens with those with whom you want to do this, the preferred conditions for them. On LocalCoinSwap no one party would not be in such a position that he could dictate to others the rules of the exchange of cryptocurrencies;
• The impact of user — LocalCoinSwap is a decentralized platform, decisions about the development platform adopted at the General polls of users.
• Payment methods — recharge for LocalCoinSwap not only digital money and Fiat currency.
The problem and the solution
Problems
In 2017, the market capitalization of cryptocurrencies increased by 3171%, but unfortunately the course fell sharply, which was provoked by the supporters of the banking system. Conservative companies were closing the accounts of traders and exchanges, spread false information in the media thus inspired panic in the market, are also forced to perform onerous verification procedures that violate confidential data of the entire community. The occurrence of cryptomnesia created a huge economic and investment opportunities. But most people afraid to come in this market for lack of patience or adaptability, long processes and security issues. In order to open a trading account on centralized exchanges, it is necessary to pass a bunch of checks of the individual that frightens the most. Many exchanges limit registration and subjected to users and themselves to fraud and identity theft by sending their personal data (passport, driver's license).
At the moment, lacks a single main P2P market, which would allow to trade Fiat currency for a variety of cryptocurrencies. In order to buy one bitcoin, it is necessary to make a few trades, which is absolutely not convenient and profitable (Example: what would you buy Aion you have to buy a Fiat for bitcoin, bitcoin send to a particular exchange, and to buy the coin).
Another problem with centralized exchanges is that they make billions of dollars a day, but did not share with the investors and their users. Giant exchange monopolists dominate the market of cryptocurrency, which was contrary to the very fundamental global economic inefficiencies that blockchain technology has the ability to solve it.
The decision
LocalCoinSwap is a return to the fundamental system of exchange of assets without the use of major institutions trade P2P. Enabling P2P trading of digital currencies, LocalCoinSwap will return to the market in the hands of its users, allowing them to directly trade any cryptocurrency using any conceivable payment method in any geographical location. Infrastructure LocalCoinSwap close the issue about the concerns about cross-border Bank transfers and burdensome inspections by substitution of the ownership of exchange in the hands of the users through the world system Cryptoshare. The LCS system Cryptoshare uses blockchain technology to replicate the traditional ownership of companies through shares of a more secure and decentralized manner. Like the issue of regular shares and profits distributed through dividends, LocalCoinSwap produces Cryptoshares, which entitles you to regular tokens redeemable dividends. Unlike traditional financial institutions the ownership structure and dividends LocalCoinSwap is hosted on the Blockchain, providing a controlled and publicly unanticipated accounting financial performance of the company. LCS Cryptoshares allows all traders on the exchange to purchase a property on the platform on which they trade. Despite the simple nature of this concept, LocalCoinSwap is the first implementation of exchange where profit is distributed entirely through a system of smart contracts Cryptoshare.
How it works
Running multiple cryptocurrency exchanges and more exchanges, what is unique about the reporting service? Whereby the project will bypass the competition?
Platform LocalCoinSwap allocates minimum costs for traders. Users are involved in maintaining peer-to-peer financial transactions, and therefore, there is no need to pay the mediation fees.
The project developers will ensure that will offer investors much more than a cryptocurrency, and different ways I/o money than other services:
"Mainly exchange support one the most popular currency or a few coins, which recorded the highest demand. Platform LocalCoinSwap covers the broad spectrum of digital currencies and payment methods".
The plans of the developers of the platform are also launching interface for holding the ICO and other projects related to the appearance of new coins. The creators of ICO will be able to develop your product within the platform LocalCoinSwap.
Details ICO
The name of the token: LCS
1 ETH = 2500 LCS
The maximum volume: 100,000,000
Frozen tokens: 20,000,000
Soft cap: $ 500,000
Hard cap: $ 20,000,000
Conclusion
Perhaps the biggest feature of ICO LocalCoinSwap is the fact that investors are paid regular dividends in the basket of cryptovolans received by the exchange. This brave new system Cryptoshare functions similarly to traditional stock holders who can vote on matters relating to business activities, and also to participate in 100% of the profits from the exchange.
Pre-sale ICO LocalCoinSwap will begin in March, and shortly thereafter will begin regular ICO. Early adopters can take advantage of large discounts for shopping tokens. Their exchange will start in August this year. A detailed discussion of this new platform can be viewed below.
Website: https://www.localcoinswap.com
Whitepaper: https://www.localcoinswap.com/LocalCoinSwap_whitepaper_v1.0.pdf/
Medium https://medium.com/localcoinswap/
Facebook https://www.facebook.com/localcoinswap/
Twitter https://twitter.com/localcoinswap_?lang=en/