Overview LocalCoinSwap ICO
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Overview LocalCoinSwap ICO
LocalCoinSwap platform
Table of contents:
- LocalCoinSwap platform
- Goal
- Benefits
- Problems and solutions
- How does it work
- ICO Details
- Conclusion
LocalCoinSwap platform
LocalCoinSwap (LCS) is a decentralized market that allows buyers and sellers to trade directly in any crypto currency using any form of payment. provides a secure, uncomplicated and fast peer-to-peer (P2P) trading platform that allows users to freely share without unnecessary verification requirements or time-out. The platform uses a secure escrow system that solves the inherent problems of trust in online P2P trading.
Goal
The task of LocalCoinSwap is to solve one of the most important problems of the modern world. Participants in the trading market are not equal to each other. An ordinary user has fewer opportunities than monopolists or regulators. Because of this, he can not receive high profits from trade.
LocalCoinSwap will change the paradigm that existed for centuries. A peer-to-peer ecosystem will be created on the site. None of the users will have more rights than the other participants.
This will return the market of asset trading to those who really do it - investors. In addition, the approach of LocalCoinSwap allows you to exclude from the chains of intermediaries, which will reduce the price of transactions and accelerate them.
Benefits
• A wide range of crypto-currencies (while 10 tokens are being launched, the plans of the platform makers to increase the offer by 3-5 times).
• High security (users' funds are stored in cold wallets).
• Lack of trade restrictions - users can exchange tokens with who they want to do it, on the preferable terms for them. On LocalCoinSwap, no participant will have such a position that he can dictate to other users the exchange rules for crypto currency;
• User Impact - LocalCoinSwap is a decentralized platform, decisions about the development of the platform are made on the general votes of users.
• Methods of payment - you can replenish your account on LocalCoinSwap not only with digital money, but also with a currency.
• High security (users' funds are stored in cold wallets).
• Lack of trade restrictions - users can exchange tokens with who they want to do it, on the preferable terms for them. On LocalCoinSwap, no participant will have such a position that he can dictate to other users the exchange rules for crypto currency;
• User Impact - LocalCoinSwap is a decentralized platform, decisions about the development of the platform are made on the general votes of users.
• Methods of payment - you can replenish your account on LocalCoinSwap not only with digital money, but also with a currency.
Problems and solutions
Problems
In 2017, the market capitalization of the Crypto currency increased by 3171%, but unfortunately the rate fell sharply, this was provoked by supporters of the banking system. Conservative institutions closed accounts of traders and stock exchanges, spread false data in mass media sources, thereby instigating panic into the market, as well as forced to carry out burdensome verification procedures that violate the confidential data of the whole community. The emergence of crypto-conversions has created enormous economic and investment opportunities. But the main majority of people are afraid to enter this market due to lack of patience or technology, long processes and problems with security. In order to open a trading account on centralized exchanges, one must undergo a lot of personality checks, which scares the majority. Many exchanges restrict registration and expose users and themselves to fraud and identity theft by sending their personal data (passport, driver's license).
In 2017, the market capitalization of the Crypto currency increased by 3171%, but unfortunately the rate fell sharply, this was provoked by supporters of the banking system. Conservative institutions closed accounts of traders and stock exchanges, spread false data in mass media sources, thereby instigating panic into the market, as well as forced to carry out burdensome verification procedures that violate the confidential data of the whole community. The emergence of crypto-conversions has created enormous economic and investment opportunities. But the main majority of people are afraid to enter this market due to lack of patience or technology, long processes and problems with security. In order to open a trading account on centralized exchanges, one must undergo a lot of personality checks, which scares the majority. Many exchanges restrict registration and expose users and themselves to fraud and identity theft by sending their personal data (passport, driver's license).
At the moment, there is absolutely no single basic P2P market, which would allow trading with the currency of the currency on a lot of crypto-currencies. In order to buy one Crypto currency, you need to make several transactions, which is not at all convenient and not profitable. (Example: to buy Aion it is necessary to buy for fiat bitcoin, bitcoin to send to a certain exchange, and there already buy this coin).
Another problem of centralized exchanges is that they earn billions of dollars a day, but do not share with investors and their users. Giant stock exchanges monopolists dominate the crypto currency market, which contradicts the very fundamental global economic inefficiencies that blockchain technology has the ability to solve.
Decision
LocalCoinSwap is a return to the most fundamental asset exchange system without using the basic institutions - the P2P trade. By including P2P trading all digital currencies, LocalCoinSwap will return the market to its users, allowing them to directly trade any crypto currency using any conceivable payment method in any geographic location. LocalCoinSwap's infrastructure will close the issue of concerns about cross-border bank transfers and burdensome checks, by substituting exchange ownership for users through the world-wide Cryptoshare system. LCS Cryptoshare uses blockchain technology to replicate traditional company ownership through shares in a more secure and decentralized manner. Like the issuance of regular shares and profits distributed through dividends, LocalCoinSwap issues Cryptoshares, which gives the right to regular redemption dividend tokens. Unlike the traditional financial organization, the structure of ownership and dividends LocalCoinSwap is fully placed on Blockchain, providing publicly controlled and unforeseen accounting statements of the company's financial indicators. LCS Cryptoshares allows all traders on the exchange to acquire ownership on the platform on which they trade. Despite the simple nature of this concept, LocalCoinSwap is the first ever exchange implementation where profit is distributed entirely through the Cryptoshare smart contract system.
LocalCoinSwap is a return to the most fundamental asset exchange system without using the basic institutions - the P2P trade. By including P2P trading all digital currencies, LocalCoinSwap will return the market to its users, allowing them to directly trade any crypto currency using any conceivable payment method in any geographic location. LocalCoinSwap's infrastructure will close the issue of concerns about cross-border bank transfers and burdensome checks, by substituting exchange ownership for users through the world-wide Cryptoshare system. LCS Cryptoshare uses blockchain technology to replicate traditional company ownership through shares in a more secure and decentralized manner. Like the issuance of regular shares and profits distributed through dividends, LocalCoinSwap issues Cryptoshares, which gives the right to regular redemption dividend tokens. Unlike the traditional financial organization, the structure of ownership and dividends LocalCoinSwap is fully placed on Blockchain, providing publicly controlled and unforeseen accounting statements of the company's financial indicators. LCS Cryptoshares allows all traders on the exchange to acquire ownership on the platform on which they trade. Despite the simple nature of this concept, LocalCoinSwap is the first ever exchange implementation where profit is distributed entirely through the Cryptoshare smart contract system.
How does it work
Several crypto-exchange exchanges and even more exchangers have been launched, what is the uniqueness of the service in question? Due to what the project will bypass the competition?
The LocalCoinSwap platform allocates minimum expenses for traders. Users are involved in supporting peer-to-peer financial transactions, which means that there is no need to pay intermediary fees.
The developers of the project guarantee that they will offer investors much more crypto currency and various ways of input / output of money than other services:
"Predominantly the exchanges support one of the most popular currencies or several coins, for which the greatest demand is fixed. The LocalCoinSwap platform covers the most extensive range of digital currencies and payment methods. "
The platform developers also plan to launch an interface for ICO and other projects related to the appearance of new coins. The creators of ICO will be able to develop their product within the framework of the LocalCoinSwap platform.
ICO Details
Token Name: LCS
1 ETH = 2500 LCS
Maximum volume: 100,000,000
Frozen tokens: 20,000,000
Soft cap: $ 500,000
Hard cap: $ 20,000,000
1 ETH = 2500 LCS
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 crypto-fibers obtained by the exchange. This bold new Cryptoshare system acts similarly to traditional shares with owners who can vote on issues related to business activities, and also participate in 100% of the profits received from the exchange.
The preliminary sale of ICO LocalCoinSwap will begin in March, and soon after that a regular ICO will begin. Early adopters will be able to take advantage of large discounts on purchases of tokens. Their exchange will begin in August this year. A detailed discussion of this new platform can be found below.
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