LocalCoinSwap LCS ICO: Marketplace Exchange Supported by Many Communities? (ICO REVIEW)
What is LocalCoinSwap? LocalCoinSwap , found online at LocalCoinSwap.com, is a cryptocurrency exchange that aims to give users more control over the platform. Creators claim that their market is «the most financially transparent exchange on the market.» Why is transparency important? Why should you care about transparent exchanges? That is because the stock promises to distribute 100% of its profits to the public. Societies are also permitted to vote democratically on all aspects of market operations. The final destination ofLocalCoinSwap is to create a better p2p exchange of cryptocurrency. This will solve the problem of centralized and decentralized exchange today. It will have an escrow service to facilitate a decentralized crypto exchange, which makes it more of a decentralized exchange.
How LocalCoinSwap Works?
Obviously, there are already hundreds of cryptocurrency exchanges available today. What makes LocalCoinSwap different from its competitors?
LocalCoinSwap emphasizes low cost for traders. Users will facilitate peer-to-peer transactions, which means you do not have to pay a fee to an intermediary.
LocalCoinSwap also claims to support more crypto methods and payment methods than any other existing peer-to-peer exchanges:
«This is typical for other exchanges that only support one currency or a bunch of the most popular currencies LocalCoinSwap will include crypto offers and the most extensive method of payment, with the developer team after it launches whose primary goal is the adoption of a new currency. »
LocalCoinSwap also plans to launch special support for ICO and other new token projects. ICO makers can launch their projects on the platform, for example.
Overall, LocalCoinSwap sees itself as a «true» P2P trading, where users can swap assets they have for the assets they want. They can pay a low cost when sharing revenue generated by the platform.
What problem is searched by localCoincom to solve? LocalCoinSwap is a decentralized crypto exchange that aims to solve most of the problems we associate with centrally decentralized crypto, including all of the following:
Centralized exchanges often restrict new user registrations, or require users to divulge intimate identity information prior to trading
Centralized exchange is subject to unclear rules based on the country in which they operate
Existing decentralized crypto exchange is highly fragmented and inclusive
Included decentralized exchange is problematic for those who has a less popular fiat or crypto currency
Many users are forced to exchange their lesser known cryptocurrencies into better known crypto (like BTC or ETH) before finally purchasing the crypto they actually want to buy.
In addition, today’s exchange does not allow users to share the benefits generated by the
LocalCoinSwap platform aims to address all these issues. How does LCS Cryptoshares work?LocalCoinSwap will have a token sale for LCS Cryptoshares. In essence, LocalCoinSwap is a tokenizing platform, then sells tokens via ICO. The whitepaper does not try to hide the fact that you are buying a common stock:
«The Cryptoshare LCS system employs blockchain technology to replicate traditional enterprise ownership through shares in a more secure and decentralized way.Similar to the issuance of common shares and profits distributed through dividends, LocalCoinSwap Cryptoshares issues that grant shareholders rights to ordinary dividendable tokens that can be redeemed . «The
entire tokenization system is hosted on blockchain, giving users an auditable and unforgivable public book about the company’s financial performance.
The LCS Cryptoshares system is scheduled to launch in August 2018.
When the system is launched, the token holder is entitled to a 100% guaranteed right of the total profits of the LocalCoinSwap exchange through the cryptocurrency dividend. The entire payment system is based on a transparent blockchain, letting you see exactly how the system breaks down.
As the holders of LCS tokens, you are also eligible to participate in the platform decision-making process.
The LocalCoinSwap LCS Token Sale
There will be a total supply of 100 million LCS Cryptoshares, with 70 million available through a combination of pre-ICO, pre-sales, and ICO. The remaining tokens are allocated to public business funds, whose use is chosen by the investor (10%), the development team, frozen by a 1 year (10%) smart contract, a reward (5%), and a Program reward for users to enhance platform security ( 5%).
The proof will be sold at the price of 1 ETH = 2500 LCS.
LocalCoinSwap LCS feature
The LocalCoinSwap platform emphasizes all of the following features. Overall, developers have built platforms with three basic principles: they want the platform to be safe, easy, and fun.
Some Coins Offered:
LocalCoinSwap has given great emphasis on adding many diverse coins to the platform. They want to offer more pairs of coins than other decentralized exchanges.
Escrow System: LocalCoinSwap has an escrow system that acts as an intermediary between buyers and sellers. When a trade begins between merchants, LocalCoinSwap takes the crypto part of the transaction while the fiat currency payment is made directly from the buyer to the seller.
Simple Cost Structure:
LocalCoinSwap will charge a fee based on comparable exchanges, for the purpose of matching or defeating the exchange. This fee is currently set at 1%. Who’s Behind LocalCoinSwap?LocalCoinSwap is led by Aapeli Vuorinen (Lead Security Engineer), a data analyst, a white hat hacker, and a stack developer full of 10+ years of experience.
Other key members of the team are Nathan Worsley (Chief Technical Officer), Thomas Underwood (Chief Financial Officer), Valeri Natanelov (Chief Marketing Officer), Daniel Worsley (Chief Operating Officer), and Kevin Sparks (Lead Developer).
LocalCoinSwap is headquartered in Wan Chai, Hong Kong. The company was founded in 2015. ICO ICS LocalCoinSwap Conclusion LocalCoinSwap websites mention that «this is how the exchange should be built.» The goal is to create a better crypto exchange that solves the problem of centralized and decentralized exchange today. This is «the most inclusive decentralized cryptocurrency market in the world.»
To learn more about this project, visit online today at LocalCoinSwap.com. ICO platform for LCS Cryptoshares launched in mid-March 2018.
Official site https://www.localcoinswap.com/index.html
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