Cryptocurrency is firmly established in our life. The prevalence of cryptocurrencies and blockchain technology in General, is impressive. But still there are some problems that hinder the spread of scriptaction. One of these reasons is the lack of safe decentralized cryptoamnesia. At the moment there is not enough of the cryptocurrency exchanges, but they are either centralized (and as we know, where there is a center, there is always a chance of fraud and theft of assets), or decentralized, but have problems with liquidity. The existing shortcomings are ready to solve the team LocalCoinSwap.
LocalCoinSwap is marketed as an online platform that allows buyers and sellers from around the world to execute transactions in bitcoin or other convenient methods of payment. In addition, the innovative decentralized platform guarantees to the holders of tokens to earn them increase on the dividends. The exchange will occur in safe mode without unnecessary requirements, inspections and over a shorter period of time.
LocalCoinSwap: principles of operation
The developers claim that the project will be the most transparent and safe exchange in the network, and allow proportionally distribute its profit to the participants without the risk of withholding part of it. The community would equally participate in all Affairs of the platform, and the adoption of decisions on the main aspects will occur by open voting. Thus, create the best conditions for the cryptocurrency of P2P sharing (peer-to-peer) that will solve the main disadvantages of most exchanges that operate in a centralized or decentralized mode.
What are the differences between ICO LocalCoinSwap from hundreds of other cryptocurrency exchanges, which operate successfully on the web?
The platform offers extremely low costs for treedraw. As supported by peer-to-peer transaction, the parties will not need to pay for a mediator. Transactions are carried out in most cryptocurrencies, which distinguishes LocalCoinSwap from competitors that have a limited number of cryptocurrencies. This will allow you to actively work on the platform and holders are not the most well-known currencies, and developers to successfully implement the new. LocalCoinSwap platform will launch a project to support the ICO (the opportunity to launch new projects on the platform) and the new tokens. The creators of ICO will be able to launch their projects on the platform.
Thus, the platform LocalCoinSwap will open unprecedented opportunities for trade P2P. Community members can openly and safely to sell their assets in order to obtain other, that is, to provide some income from the transaction. Commission for actions on the platform are low, which stimulates their quantity and quality.
The existing problems of modern kryptomere and their solutions
The creators of the platform took into account all the shortcomings and faults of other exchanges, and offer specific solutions to most problems on the stock exchanges of both centralized and decentralized, namely:
For registration will not require a large amount of additional personal information of users;
In most markets there are clear rules that are inherent to the countries in which they are created;
Fragmented crypto currency exchange are not independent, despite their decentralization;
For users who carry out transactions in a weak-promoted and well-known currencies or Fiat funds, decentralized exchanges can't provide the necessary working conditions;
Often, in order to convert unpopular (low liquid ) in the desired cryptocurrency, it is necessary to make more than one transaction, and it's a big loss for the commissions.
Most of kryptomere don't share with their users even part of their profits.
Based on these shortcomings, the team LocalCoinSwap administered following the principles of the platform, its features:
Exchange works with different scriptactive, and will offer the largest number of currency pairs;
The system is escrow Escrow is to act as a facilitator of transactions between the parties. This is to allow not to block the wallets of users in the volatile periods of the market, and to impose time limits of any stage of the transaction;
Confirmation of the transaction will be implemented by several signatures;
In the event of disputes, the transaction stops and analyzes information from the parties involved;
Interactive community;
Security due to the storage of 95% of deposits in offline wallets. This reduces the risk of possible losses in case of attempts of hacking the system;
Low Commission, which will be determined on the basis of the analysis of competitive markets.
The initial levy will be 1%.
All the flaws ICO LocalCoinSwap decides, offering thus the best conditions for work, and in addition, investors and holders of the tokens will get a good profit in dividends.
The benefits of the project include:
Democratic governance, by open vote;
Join the exchange, users can from anywhere in the world;
The simplified system of registration;
Blockchain technology guarantee maximum transparency and security for all transactions.
Open disclosure of financial actions;
Open source.
Team LocalCoinSwap
On creation of the platform LocalCoinSwap worked as a team with large experience in a variety of projects, specialists with extensive knowledge and skills in various fields. The head developer was Aapeli Vuorinen. The technical Director acts as Nathan Worsley (economist). CFO platform – experienced financial analyst and development Manager Thomas underwood. Marketing research and implementation of marketing technologies manages Valery Atanelov. Create business strategies based on decentralization is the fruit of the work of chief operating officer Daniel Worsley, while the main developer performs Kevin sparks, has more than 13 years of experience in web development. The company was registered in the fifteenth year with the headquarters in Hong Kong.
Roadmap and development stages of the project
The team has elaborated a road map, the terms of which are strictly observed.
Company registration – December 2015;
Gathering a professional team – September 2016;
Development concept – March 2017;
The beginning of active development – August 2017;
Official launch – February 2018;
Pre-ICO Feb 2018;
Presale – March 2018;
Cryptoshare ICO – April 2018;
A list of exchange – may 2018;
Entry – June 2018;
The first public vote of the holders of the Cryptoshare – July 2018;
The beginning of the exchange – August 2018;
Integration API REST2019 – October 2018;
Mobile app for trading is January 2019;
The start of dividend distribution is February 2019.
Tokens LCS Cryptoshares. Details ICO
The platform will produce tokens LCS Cryptoshares which will be sold through ICO.
They are, in fact, are ordinary shares that will be replicated in a decentralized way using blockchain. LCS Cryptoshares will generate income in the form of dividends. By August 2018 the system will be ready to launch, and investors will have full rights to the profits from the total profits of the exchange, which will be accumulated and issued cryptocurrency. Because the work platform is based on total transparency and security of the payment system operates on the basis of the blockchain technology.
The circulation of the produced tokens will be one hundred million, seventy of which will be available at the stages of pre-ICO and public sale. The remaining thirty million will go to the venture Fund community exchange (10% ), then the tokens will be distributed among developers (10%), Bounty programs (5%) and development to enhance security for exchange (5%).
The initial cost of the tokens is 1 ETH = 2500 LCS.
Forecasts of investment attractiveness of the project. Conclusion
Experts predict extraordinary interest in LCS Cryptoshares that will allow you to gather a large investment in the ICO stage. A serious claim for success is definitely unprecedented security, which completely eliminates the negative influence of human factor (compared to centralized exchanges). Interesting solutions are democratic governance and steady earnings holders and users. This factor guarantees a quick sale of tokens, what happens, if you look at sales statistics. At the time of this writing has already collected more than 50% of the maximum possible value. As you can see the ICO can already be called successful. It is also important to note that all the independent rating sites ICO this project is evaluated very highly, which is not surprising.
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/