How It Works
The PlatformCryptoshares
1. OPPORTUNITY Thanks to LocalCoinSwap, traders can purchase any cryptocurrency directly
2. SIGN INSimply sign up to LocalCoinSwap, instantly, and without unnecessary verification requirements
3. EXPLORESearch a wide variety of cryptocurrency ads for the best deal
4. TRADEAgree on the payment method and enter into a trade
5. TRUSTLESS TRANSACTIONLocalCoinSwap holds the cryptocurrency in escrow while direct payment is made between traders
6. COMPLETE TRADEOnce payment arrives the cryptocurrency is released to the buyer, and the trade is complete
CRYPTOSHARE ICO
Directly trade any cryptocurrency, using any conceivable payment method, in any geographical location
COMMUNITY FOCUSEDDedicated support team, integrated social media features
COMMUNITY OWNED100% of profits distributed to users through the blockchain
DEMOCRATICALLY OPERATEDOperated through voting in a proof-of-stake system
WORLD’S MOST INCLUSIVE EXCHANGEInstant signup, no verification & no restrictions
COMPLETE TRANSPARENCYPublic financial announcements, open-source contract code
EXTENSIVE COIN COVERAGEMore cryptocurrencies than any other peer-to-peer exchange
CUTTING-EDGE SECURITYMulti-signature transactions. 95% of funds in cold-storage
INTRINSIC TOKEN UTILITYDividend profits in multiple currencies. Airdrops of new ICO tokens
What are the problems with current exchanges and P2P markets and How LocalCoinSwap solves it?
Problems
Current Centralised cryptocurrency exchanges are giant monopolies. Every mainstream cryptocurrency exchange is centralized. (So sad, Giant centralization in the way for decentralization)
Current exchanges are fraught with inefficiencies, security risks, long wait times and unreasonable verification requirements.
Current exchanges support an only minimum number of cryptocurrencies and payment methods due to their centralized and none p2p behaviour.
Current mainstream exchanges are limited by centralized banking and trading restrictions.
In addition to that, the centralised ownership and clandestine company structure of mainstream exchanges allow little investment opportunity for the typical individual.
Solution
Local coin swap asks no unnecessary verification.
LocalCoinSwap solves most of those problems by enabling P2P trading of all digital currencies.
LocalCoinSwap gives ownership of the exchange itself into the hands of users thorugh tokenizing in ICO through a unique Cryptoshare system.
They use the world-first Cryptoshare system for achieving the decentralization.
LCS Cryptoshare; The first Cryptoshare system in the world, which is more secure and promising than any traditional ICO.
Cryptoshares system is more superior than a traditional ICO which promises future returns which may never come true. Cryptoshares guarantee the rights to 100% of the total profits to the token holders from the Localcoinswap exchange through cryptocurrency dividends.
How Cryptoshares work?
Token holders buy their Cryptoshares (LCS) through the Initial Coin Offering(ICO)
The exchange makes profits as small fees in all the currencies traded on the platform.
At the end of a quarter, the profit is distributed to Cryptoshare holders according to the number of shares they hold like in common market shares.
Cryptoshare holders receive Airdrops of new tokens listed in LocalCoinSwap in return for each Cryptoshare they own.
Cryptoshare holders will receive a continuous stream of income in addition to price gain of LCS token.
marketplace.
Overview
There are no unnecessary verification requirements for signup in Local Coin Swap. Traders are able to trade or purchase any cryptocurrency by any payment method.The marketplace will offer a wider selection of cryptocurrencies than any exchange out there so the traders can choose the best deal by themselves according to the traders requirements and payment method. Local Coin Swap acts as an escrow between traders while direct payment is made. So the trading is 100% secure.
LocalCoinSwap will provide social media experience onthe trading platform.
Local Coin Swap will bring the social media experience into the trading platform, with custom user profiles, friend lists, achievement badges and special awards.
LocalCoinSwap will achieve the true decentralization.
There will be a proof-of-stake voting system for Cryptoshare holders to take the decisions about the platform together. So the Local Coin Swap will achieve the true decentralization unlike any decentralized or centralized cryptocurrency exchange/marketplace.
More safe, More secure
95% of site funds will be kept in offline cold-storage wallets - So the Local Coin Swap is a free secure wallet for your money.
Some supported currencies will be backed by Multi-signature transaction options for more security.
The escrow system will create trustless trades between users.
More Cryptocurrencies and More payment methods than any exchange.
LocalCoinSwap will allow to trade more Cryptocurrencies and support payment methodsthan any other existing exchange. Initially there will be 10 mainstream Cryptocurrencies and over 20 fiat currencies will be accepted as payments.
Cryptocurrencies available to trade initially- 10
· Bitcoin(BTC)
· Ripple (XRP)
· Litecoin (LTC)
· Ethereum (ETH)
· Bitcoin Cash (BCH)
· EOS (EOS)
· NEO (NEO)
· Cardano (ADA)
· Stellar (XLM)
· Monero (XMR)
Fiat currencies accepted initially-More than 20
US Dollar (USD)
· European Euro (EUR)
· Japanese Yen (JPY)
· British Pound (GBP)
· Swiss Franc (CHF)
· Canadian Dollar (CAD)
· Australian Dollar (AUD)
· New Zealand Dollar (NZD)
· South African Rand (ZAR)
· Chinese Yuan Renminbi (CNY)
· Swedish krona (SEK)
· Mexican Peso (MXN)
· Hong Kong Dollar (HKD)
· South Korean Won (KRW)
· Singapore Dollar (SGD)
· Turkish Lira (TRY)
· Indian Rupee (INR)
· Russian Ruble (RUB)
· Brazilian Real (BRL)
· Polish Zloty (PLN)
· Thai Baht (THB)
· Malaysian Ringgit (MYR)
Paymant methods accepted initially- more than 10
bank transfer
wire transactions,
cash exchange,
cash deposit,
international wire,
PayPal,
cash in the mail
asset exchanges such as gold.
As the platform grows more Cryptocurrencies will be availablr and more fiat currencies and paymant methods will be accepted, making LocalCoinSwap is the largest Cryptocurrency market place in the world.
Roadmap
2015DECEMBER
2015Company incorporation
2016SEPTEMBER
2016Initial team members established
2017MARCH
2017Concept developmentAUGUST
2017Development on exchange begins
2018FEBRUARY
2018Official whitepaper launchFEBRUARY
2018Pre-ICOMARCH
2018PresaleAPRIL
2018Early investor access to platformJULY
2018First Cryptoshare holder voteAUGUST
2018Launch date for exchangeOCTOBER
2018Integrated REST API
Meet the unique team.
The LocalCoinSwap project is backed by unique developing and marketing team with great visionaries. All the team members are verified and you can access their Linkedin and verify by yourself.
Nathan Worsley- Chief Technical Officer- Expert in C/C++, Python, R, Matlab, PostgreSQL,Git, Bash & Linux.
Thomas Underwood- Chief Financial Officer-Managing director of a successful private equity company
Daniel Worsley- Chief of Operations
Aapeli Vuorinen- Lead Security Engineer -Data analyst, white-hat hacker and full-stack developer and expert in Python, Java, C++, Javascript, Pandas, HTML5/CSS/Javascript, Go, Matlab, Git, Linux, and SQL.
Taylor Scheel- Blockchain Developer- Expert of Solidity, Javascript, Matlab, Git and Linux.
Valeri Natanelov- Chief Marketing Officer
Kevin Sparks- Lead Developer- Developer with over 13 years of experience
Younatan Cohen- UX/UI Designer
Meet the Advisors
Meet the advisor board through LinkedIn.
Mr David S. LEE
Dr Artem Sergeev
Frank Zhu
Mario Innecco
Vladimir Ninov
Shaf Zaman
Andrew Bondarevich
Cryptoshare ICO
The ICO will let the community to take shares of the LocalCoinSwap exchange for cheap price.
Token code-LCS
Price per LCS-0.0004 ETH ( 1 ETH = 2500 LCS )
LCS maximum total supply-100,000,000
Available through pre-ICO/presale/ICO-70,000,000
Token freeze-20,000,000
Token burn-All unsold tokens will be burned.
Payment currencies-ETH, BTC, USDT, BCH, XRP, USD,EUR, GBP, AUD, NZD,CAD & more
Soft cap-500,000 USD
Absolute hard cap-20,000,000 USD
for more information:
https://www.localcoinswap.com/
author:
BTT username: rivaldo2020
BTT profile link: https://bitcointalk.org/index.php?action=profile;u=2051385
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