LocalCoinSwap is a decentralized market that’ll allow sellers and buyers to directly trade using any cryptocurrency; the trade will be done using different payment methods. With this ecosystem, it’ll be simpler and easier to offer a safe, fast, uncomplicated P2P trading platform. This platform will let its users freely exchange cryptocurrencies without worrying about needless waiting times or verification requirements.
The most integral part of any exchange is its escrow system. The development team at LocalCoinSwap knows that very well as it’ll be using a highly secure escrow system, which will tackle all the inherent trust issues common in online P2P trading. Plus, this ecosystem is planning to support all the different choices of cryptocurrencies. After considering all these aspects, this ecosystem will prove to be the catalyst for expanding the existing cryptocurrency market. The platform has all the right processes, algorithms, and technologies that’ll eliminate the barriers preventing new traders to enter the crypto trading market.
Why you should invest in LocalCoinSwap
LocalCoinSwap addresses some of the greatest issues of cryptocurrency markets+ The cryptocurrency economy is currently filled with giant monopolies:
LocalCoinSwap distributes 100% of the sites profits to holders of Cryptoshares on a 1-to-1 basis, through a blockchain-based decentralized dividend application.
+ The only available exchanges exclude many users and are unsafe or difficult to use LocalCoinSwap is the world’s most inclusive exchange. There is no discrimination, instant signup, and no verification required. The trading interface is safe, easy, and fun.
+Existing P2P marketplaces support only a minuscule number of cryptocurrencies and payment methods LocalCoinSwap will open with a minimum of the 10 most traded cryptocurrencies, expanding continuously to integrate more. The funds raised in the crowdsale are being used to increase the selection of currencies supported at launch.
+ Dominant exchanges suffer from centralized banking and trading restrictions LocalCoinSwap features a completely distributed peer to peer trading system. There are no centralized bank accounts, no verification requirements, and no restrictions on trade.
Cryptoshare Benefits
Dividend Income StreamLocalCoinSwap decentralises the most crucial part of the exchange: the profits. Cryptoshare holders receive guaranteed rights to 100% of the profits from trades on the LocalCoinSwap exchange.
Access to an entire portfolio from holding a single asset
Cryptoshare holders receive profits in all of the cryptocurrencies traded on the exchange, an income stream denominated across an entire portfolio of digital assets.
Cryptoshare holders run the exchange democratically in a proof-of-stake voting system
An open source democracy contract hosted on the blockchain publicly tallies votes on user-submitted issues to decide the operation of the exchange Cryptoshare holders receive airdrops of new ICO tokens listed on the LocalCoinSwap platform LocalCoinSwap provides a listing service for new ICO tokens to allow them to launch on the LocalCoinSwap platform or raise pre-ICO and presale funding. When new tokens are listed Cryptoshare holders receive an advance airdrop, as well as access to special offers on new listings
The marketplace
More cryptocurrencies, more payment methodsLocalCoinSwap will offer a wider selection of cryptocurrencies than any existing peer-to-peer exchange. LocalCoinSwap will offer all conceivable payment methods for purchasing or selling, including custom options added by the community.
Community-focused, community-owned
LocalCoinSwap incorporates social media interactivity into the trading platform, with custom user profiles, friend lists, achievement badges and special awards. Cryptoshare holders run the exchange together in a proof-of-stake voting system. Vote on additions of digital assets, site updates, new business ventures, and more.
Safe, secure, and hassle-free
Multi-signature transaction options available for supported currencies. 95% of site funds kept in offline cold-storage wallets. Scenario-tested escrow system and global support team creates trustless trades between users. Interactive feedback and trust system promotes hassle-free trading.
ICO voite
LocalCoinswap ICO
- Token code: LCS
- Price per LCS: 0.4 US Dollar (USD) (1 USD = 2.5 LCS)
- LCS maximum total supply: 100,000,000
- Available through PRE-ICO/PRESALE/ICO: 70,000,000
- Token burn: All unsold
- Token freeze: All developer tokens for 1 year
- Payment currencies: Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Dash (DASH), Ethereum Classic (ETC), US Dollar (USD), Euro (EUR), British Pound (GBP), Australian Dollar (AUD), New Zealand Dollar (NZD), Canadian Dollar (CAD) & more
- Soft cap: 500,000 US Dollar (USD)
- Absolute hard cap: 20,000,000 US Dollar (USD) (remaining tokens destroyed)
- Bonus structure: Community based
- Transparency: Open source (public GitHub)
Crowdsale Bonus Structure
The presale period will run with a bonus allocation of 40%. The presale will be closed immediately if 10,000,000 Cryptoshares are distributed. During the crowdsale period funding milestones have been set at each $5,000,000 increment.As each increment is reached all existing purchasers of the crowdsale event receive an additional 5% airdrop of Cryptoshares to be distributed once the crowdsale closes. These airdrops are also distributed to presale purchasers, but not to Cryptoshares held by the development team, security/bounty fund & new venture fund.- $ 5M OF FUNDING REACHED: All existing Cryptoshare crowdsale investors receive 5% additional Cryptoshares.
- $ 10M OF FUNDING REACHED: All existing Cryptoshare crowdsale investors receive 5% additional Cryptoshares.
- $ 15M OF FUNDING REACHED: All existing Cryptoshare crowdsale investors receive 5% additional Cryptoshares.
- $ 20M OF FUNDING REACHED: All existing Cryptoshare crowdsale investors receive 5% additional Cryptoshares. Residual tokens are then destroyed to increase total value to all investors.
LocalCoinSwap Unique Team
Nathan WorsleyChief Technical Officer - Bachelor of Economics (Major in Econometrics)
Early investor in Bitcoin and Ethereum. Developer of a series of successful trading algorithms based on Triangular Arbitrage between cryptocurrencies. Original founder of company as a cryptocurrency investment fund based in Hong Kong: Digital Assets Management Ltd. Experienced high volume P2P trader on LocalBitcoins.com. Development experience includes C/C++, Python, R, Matlab, PostgreSQL, Git, Bash & Linux.
Thomas Underwood
Chief Financial Officer - Bachelor of Commerce (Major in Accounting and Finance)
Experienced financial analyst and business development manager, with roles at major Australian and international private companies. Professional skills are well rounded, within all accounting and financial roles, with proven abilities to create solutions for start-ups and cryptocurrency-related companies. Professional development includes passing CFA level 1. Australian Regional Manager for TradingView.com
Daniel Worsley
Chief Operating Officer - Bachelor of Economics (Major in Quantitative Methods)
Experienced in business strategy, operations and quantitative analysis. Successful stock and commodities trader in several financial markets over the last 8 years. Advisor to a Hong Kong based investment firm. Passionate about decentralization and blockchain technologies.
Aapeli Vuorinen
Lead Security Engineer - Bachelor of Mathematics (Major in Pure Maths)
Data analyst, white-hat hacker and full-stack developer. Over 10 years of experience in software development and systems administration. Experienced with a wide variety of technologies including Python, Java, C++, Javascript, Pandas, HTML5/CSS/Javascript, Go, Matlab, Git, Linux, and SQL. Exceptionally talented at understanding and utilizing network and software protocols.
Taylor Scheel
Blockchain Developer - Bachelor of Science
Originally a clinical molecular genetic scientist working in a laboratory before a passion for the Blockchain and disruptive technologies led to him becoming a digital nomad and full-time solidity developer. Experienced in Solidity, Javascript, Matlab, Git & Linux.
Valéri Natanelov
Chief Marketing Officer - PhD, Commodity Futures Markets
Entrepreneur, the founder and CEO of growAbric (knowledge brokering and design thinking company). Lifelong blockchain enthusiast. Extensive international business experience with a strong passion for design thinking and analytical problem-solving. Has lived on every (habitable) continent. Fluent in four languages.
Maya Middlemiss
PR Representative and Content Writer
Experienced freelance writer and journalist, with a background in consumer research, social media user testing and business consultancy. Obsessed with the social impact of blockchain, and the way it’s going to change the world - if we do it the right way
Ravi Ojha
Product Lead Developer
A product person, cares intensely about user experience and believes in data-driven decisions. Software Engineer by passion. Delves into graphic designs on lazy weekends, or writes blog posts about software engineering and life experiences. Retired competitive programmer.
Jadav Bheda
Backend Developer
Experienced Software Developer with over 12 years in the industry. Experienced with Python, Django, C, C++, JavaScript, MySQL, Java, HTML5/CSS/Javascript, Git, Celery, RabbitMQ, AWS, Perl Script, Linux, and SQL. Has witnessed multiple software development cycles, seeing small teams grow much larger as the product develops. Enjoys mentorship and sharing his experience with others.
More Infomation
Website: https://www.localcoinswap.comWhitepage: https://www.localcoinswap.com/LocalCoinSwap_whitepaper_v1.0.pdf/
Facebook: https://www.facebook.com/localcoinswap/
Twitter: https://twitter.com/localcoinswap_?lang=en/
Telegram: http://t.me/localcoinswap/
Author: hoangbinmcc
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1330327
