LocalCoinSwap

LocalCoinSwap is a cryptocurrency decentralized exchange. Let's see what is in this exchange that will interest the users.

The cryptocurrency market seems to be growing in popularity every day. With the astronomical rise of cryptocurrencies like Bitcoin and Ethereum, there seems to be an influx of people into the market. Many crypto exchanges can't even afford to have their account creation feature open all the time. Such is the demand for entry into the market that trading account creation for new customers is periodically disabled. The average daily trading volume of the market is usually in trillions dollars. The total market capitalisation of the entire market stands at more than half a trillion dollars which is an astonishing feat considering the market is less than a decade old.

The problem of crypto exchanges is their centralised nature

Crypto exchanges constitute a single point of failure and so are a target for hackers. Mt. Gox, the world’s leading exchange of its time, is the most publicised and largest hack to date, with unrecovered Bitcoins totalling 650,000. Mt. Gox later filed for bankruptcy. Another huge hack occurred at one of the world’s most popular exchanges, Bitfinex. In the second largest crypto hack witnessed, 120,000 BTC was stolen.

Because blockchain data inputted is immutable, it is more susceptible to theft by hacks. This immutable nature means all transactions are final, with complainants may as well taking their grievances to the Flying Spaghetti Monster to be resolved. And in addition to there being no legal recourse for stolen or lost funds, technologically, crypto assets cannot be recovered or frozen without forking to reject the transactions, something that needs consensus.

Some advocate creating decentralised exchanges working on the blockchain with no centralised authority, and where transactions have a trustless nature. And LocalCoinSwap is one of them!

LocalCoinSwap is a decentralised marketplace

Which allows buyers and sellers to trade directly in any cryptocurrency using different methods of payment. LocalCoinSwap provides a safe, uncomplicated and fast peer-to-peer P2P trading platform, allowing users to freely exchange without unnecessary verification requirements or waiting times. The platform utilises a secure escrow system that solves the inherent trust issues of online P2P trading.

LocalCoinSwap is the only marketplace which distributes 100% of its profits back to its community, and allows the community to vote democratically in its operation. It is a community-focused, and community-owned marketplace.

Also LocalCoinSwap offers special support for ICO and new token projects, allowing them to launch on the platform or offer the user base special pre-ICO and presale deals to raise additional funding.

More cryptocurrencies, more payment methods

• LocalCoinSwap 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-owned crypto exchange

• LocalCoinSwap incorporates social media interactivity into the trading platform, with custom user profiles, friends lists, achievement badges, 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

Dividend and voting tokens

• Profits from the exchange are calculated and distributed at the end of each fiscal period.
• The total issuance of dividend and voting tokens will be the same as the total supply of LCS Cryptoshares.
• These tokens are then issued to holders of LCS Cryptoshares on a 1-to-1 ratio.
• When dividend and voting tokens are redeemed they are destroyed by the contract they are broadcast to in order to prevent malicious attempts to claim extra funds or manipulate votes.

Cryptoshare ICO Issuance overview:

Token ticker: 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
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
Presale begins: 15 March 2018 (40% BONUS)

Crypto currency has become the latest fashionable word in the city, giving the digital economy an incentive that has ever been considered possible. The current exchange of crypto-currencies somewhat could not contain the crypto-currency, which surprised the world. Many cases of loss of the crypto currency were reported, which meant the importance of security in today's system. Nothing can be more destructive for people who put their savings into life, not knowing what it is and where the money went? We need a reliable system based on blockchain technology to provide balance in a system where people can freely and safely trade.

Decision
LocalCoinSwap is a decentralised marketplace which allows buyers and sellers to trade directly in any cryptocurrency using any method of payment. LocalCoinSwap provides a safe, uncomplicated and fast peer-to-peer (P2P) trading platform, allowing users to freely exchange without unnecessary verification requirements or waiting times. The platform utilises a secure escrow system that solves the inherent trust issues of online P2P trading.
The platform implements a novel approach to traditional company ownership by utilising blockchain technology to distribute the entirety of the sites profits to holders of LCS Cryptoshares. This asset entitles investors to regular dividend payments denominated in all of the currencies traded on the platform. Holders of the Cryptoshare may also participate in the long run vision and decision making of the company itself through democratic voting in a proof-of-stake system.
INVESTMENT
How do LocalCoinSwap tokens work? Tokens to release during ICO, called Cryptoshares (LCS), give rights to receive dividends on fee collected. During every transaction, there is a fee to pay covering escrow service. These fees are paid in cryptocurrency traded. 100% of fees are distributed like dividends every quarter, without a difference on the amount held. During ICO launch listing, furthermore, holders are going to receive some tokens like a bonus.

How everyone can understand, LocalCoinSwap exchange will be the most inclusive exchange, complete transparent because with open source contract code, very secure because escrow system counts on 95% of funds in cold-storage and based on dividends system that valorizes ICO starting investment.

Learn more about Localcoinswap:

Website : https://www.localcoinswap.com/

Whitepaper link: https://www.localcoinswap.com/LocalCoinSwap_whitepaper_v1.0.pdf

Reddit page (subreddit): https://www.reddit.com/r/Localcoinswap/

Twitter official profile: https://twitter.com/Localcoinswap_

Facebook official page: https://www.facebook.com/localcoinswap/

Linkedin official profile: https://www.linkedin.com/company/11448963/

Telegram official chat room link: https://t.me/localcoinswap

Medium official page: https://medium.com/localcoinswap

BitcoinTalk announcement link: https://bitcointalk.org/index.php?topic=2916403.msg30006105#msg30006105

Published by : Yoloyolo

Bitcointalk Profile Url : https://bitcointalk.org/index.php?action=profile;u=1832746

ETH Address : 0xEA8f7425f79f182EFDE78D287baa0629FA5AD429