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Local Coin Swap review-The Community owned P2P Exchange.


Maybe you think now “Urghhh.. Another crypto exchange?“.If you thought that you are absolutely correct because there are too many exchanges on the internet for exchange cryptocurrencies. But Local Coin Swap provides unique features where other exchanges lack.

Local Coin Swap Overview.
LocalCoinSwap called LCS shortly, is the one and only decentralized marketplace which allows buyers and sellers to trade any cryptocurrency directly (peer-to-peer-P2P) using any method of payment. It is a safe, uncomplicated and fast peer-to-peer (P2P) trading platform which allows anyone to trade without unnecessary verification processes or waiting times.

Not only that “The Local Coin Swap is the first and only exchange which distributes 100% of profits back to token holders”.

LocalCoinSwap is created for the community and owned by the community.


What are the problems with current exchanges and P2P markets and How LocalCoinSwap solves it?

Problems
  1. Current Centralised cryptocurrency exchanges are giant monopolies. Every mainstream cryptocurrency exchange is centralized. (So sad, Giant centralization in the way for decentralization)
  2. Current exchanges are fraught with inefficiencies, security risks, long wait times and unreasonable verification requirements.
  3. Current exchanges support an only minimum number of cryptocurrencies and payment methods due to their centralized and none p2p behaviour.
  4. Current mainstream exchanges are limited by centralized banking and trading restrictions.
  5. In addition to that, the centralised ownership and clandestine company structure of mainstream exchanges allow little investment opportunity for the typical individual.
Solution
  1. Local coin swap asks no unnecessary verification.
  2. LocalCoinSwap solves most of those problems by enabling P2P trading of all digital currencies.
  3. LocalCoinSwap gives ownership of the exchange itself into the hands of users through tokenizing in ICO through a unique Cryptoshare system.
  4. They use the world-first Cryptoshare system for achieving the decentralization.
LCS Cryptoshare; The first Cryptoshare system in the world, which is more secure and promising than any traditional ICO.

Cryptoshares system is more superior than a traditional ICO which promises future returns which may never come true. Cryptoshares guarantee the rights to 100% of the total profits to the token holders from the Localcoinswap exchange through cryptocurrency dividends.

How Cryptoshares work?
  1. Token holders buy their Cryptoshares (LCS) through the Initial Coin Offering(ICO)
  2. The exchange makes profits as small fees in all the currencies traded on the platform.
  3. At the end of a quarter, the profit is distributed to Cryptoshare holders according to the number of shares they hold like in common market shares.
  4. Cryptoshare holders receive Airdrops of new tokens listed in LocalCoinSwap in return for each Cryptoshare they own.
  5. Cryptoshare holders will receive a continuous stream of income in addition to price gain of LCS token.
The LocalCoinSwap exchange/marketplace.


Overview

There are no unnecessary verification requirements for signup in Local Coin Swap. Traders are able to trade or purchase any cryptocurrency by any payment method. The marketplace will offer a wider selection of cryptocurrencies than any exchange out there so the traders can choose the best deal by themselves according to the traders' requirements and payment method. Local Coin Swap acts as an escrow between traders while direct payment is made. So the trading is 100% secure.

LocalCoinSwap will provide social media experience onthe trading platform.

Local Coin Swap will bring the social media experience into the trading platform, with custom user profiles, friend lists, achievement badges and special awards.

LocalCoinSwap will achieve the true decentralization.

There will be a proof-of-stake voting system for Cryptoshare holders to take the decisions about the platform together. So the Local Coin Swap will achieve the true decentralization unlike any decentralized or centralized cryptocurrency exchange/marketplace.

More safe, More secure
  1. 95% of site funds will be kept in offline cold-storage wallets - So the Local Coin Swap is a free secure wallet for your money.
  2. Some supported currencies will be backed by Multi-signature transaction options for more security.
  3. The escrow system will create trustless trades between users.
More Cryptocurrencies and More payment methods than any exchange.

LocalCoinSwap will allow to trade more Cryptocurrencies and support payment methodsthan any other existing exchange. Initially there will be 10 mainstream Cryptocurrencies and over 20 fiat currencies will be accepted as payments.

Cryptocurrencies available to trade initially- 10
  • · Bitcoin(BTC)
  • · Ripple (XRP)
  • · Litecoin (LTC)
  • · Ethereum (ETH)
  • · Bitcoin Cash (BCH)
  • · EOS (EOS)
  • · NEO (NEO)
  • · Cardano (ADA)
  • · Stellar (XLM)
  • · Monero (XMR)
Fiat currencies accepted initially-More than 20
  • US Dollar (USD)
  • European Euro (EUR)
  • Japanese Yen (JPY)
  • British Pound (GBP)
  • Swiss Franc (CHF)
  • Canadian Dollar (CAD)
  • Australian Dollar (AUD)
  • New Zealand Dollar (NZD)
  • South African Rand (ZAR)
  • Chinese Yuan Renminbi (CNY)
  • Swedish krona (SEK)
  • Mexican Peso (MXN)
  • Hong Kong Dollar (HKD)
  • South Korean Won (KRW)
  • Singapore Dollar (SGD)
  • Turkish Lira (TRY)
  • Indian Rupee (INR)
  • Russian Ruble (RUB)
  •  Brazilian Real (BRL)
  • Polish Zloty (PLN)
  • Thai Baht (THB)
  • Malaysian Ringgit (MYR)
Paymant methods accepted initially- more than 10
  • bank transfer
  • wire transactions,
  • cash exchange,
  • cash deposit,
  • international wire,
  • PayPal,
  • cash in the mail
  • asset exchanges such as gold.
As the platform grows more Cryptocurrencies will be availablr and more fiat currencies and paymant methods will be accepted, making LocalCoinSwap is the largest Cryptocurrency market place in the world.

LocalCoinSwap is Transparent and opensource.


The project is 100% percent transparent and opensource. The code is published in the Github. Check here.

First and only exchange which distributes 80% of profits back to token holders.

All the profits will be distributed except security and maintenance cost,among Cryptoshare holders.


  • 80%-Paid as dividends
  • 9%-Administration
  • 6%-Maintenance
  • 5%-Security
The Roadmap to success.

Their Roadmap starts in 2015 with the formation of the idea and the company. Team member stabilization and development has done in 2016 and 2017.
  1. February 2018-Whitepaper launch and Pre-ICO
  2. March 2018-Presale
  3. April 2018-Cryptoshare ICO
  4. May 2018-Submission for exchange listings
  5. June 2018-Early investor access to the platform
  6. July 2018-First Cryptoshare holder vote
  7. August 2018-Launch date for exchange
  8. October 2018-Integrated REST API
  9. January 2019-Mobile trading application
Bringing the LocalCoinSwap into the mobile devices is a really good idea which makes the trading lot easier.

20. February 2019-Start of dividend distributions.

Meet the unique team.

The LocalCoinSwap project is backed by unique developing and marketing team with great visionaries. All the team members are verified and you can access their Linkedin and verify by yourself.
  1. Nathan Worsley- Chief Technical Officer- Expert in C/C++, Python, R, Matlab, PostgreSQL,Git, Bash & Linux.
  2. Thomas Underwood- Chief Financial Officer-Managing director of a successful private equity company
  3. Daniel Worsley- Chief of Operations
  4. Aapeli Vuorinen- Lead Security Engineer -Data analyst, white-hat hacker and full-stack developer and expert in Python, Java, C++, Javascript, Pandas, HTML5/CSS/Javascript, Go, Matlab, Git, Linux, and SQL.
  5. Taylor Scheel- Blockchain Developer- Expert of Solidity, Javascript, Matlab, Git and Linux.
  6. Valeri Natanelov- Chief Marketing Officer
  7. Kevin Sparks- Lead Developer- Developer with over 13 years of experience
  8. Younatan Cohen- UX/UI Designer
Meet the Advisors

Meet the advisor board through LinkedIn.
  1. Mr David S. LEE
  2. Dr Artem Sergeev
  3. Frank Zhu
  4. Mario Innecco
  5. Vladimir Ninov
  6. Shaf Zaman
  7. Andrew Bondarevich
Cryptoshare ICO

The ICO will let the community to take shares of the LocalCoinSwap exchange for cheap price.

Overview
  • Token code-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 tokens will be burned.
  • 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(remaining tokens destroyed)
Allocation


  • 70%-Public Sale
  • 10%- Community Venture Fund
  • 10%- Development Team
  • 5%- Security Bonus
  • 5%- Bounty Program
Current Progress


56% of total tokens available for crowdsale is already sold in less than a week. This shows the true potential of the project.

For more information please visit: http://www.localcoinswap.com

Local Coin Swap review-The Community owned P2P Exchange. Local Coin Swap review-The Community owned P2P Exchange. Reviewed by haw on June 11, 2018 Rating: 5

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