LocalCoinSwap Overview

in #blockchain6 years ago (edited)

Projects based on a cryptographic novelty are appearing  every day. Over time many questions were resolved regarding the speed of the technology, more comfortable use by ordinary users, providing higher security, but there is still an unrealized gap in all these components, which can be filled with a number of innovations. This is where Local Coin Swap comes to play.

Local Coin Swap is a crypto currency exchange, the purpose of which is to give users greater control over the platform.  This project will become the most "transparent" in the modern market. The ultimate goal is to create the ideal portal for peer-2-peer exchange of crypto currency. Due to this, it is planned to solve practically all problems faced by stock exchanges with a centralized and decentralized management principle. 

LocalCoinSwap Features

In general, the developers have built a platform with three basic principles: they want the platform to be safe, easy and fun.

Numerous coins are offered : The LocalCoinSwap team pays special attention to adding a variety of coins to the stock exchange. Specialists want to offer users a wide range of coins, rather than a decentralized exchange.

Escrow system : LocalCoinSwap has a system of word-of-deposit, which acts as an intermediary between buyers and sellers. When trading commences, LocalCoinSwap obtains ownership of part of the transactions related to the crypto currency, while the payment is made from the buyer to the seller. As soon as payment has been made and the seller confirms that the transaction is received the crypto currency is issued to the buyer.

Support for multiple signatures : LocalCoinSwap will have a transaction with several confirmations to improve security.

Dispute resolution : If a dispute arises, the escrow release is suspended and documentation is requested from each side for mediation in the settlement.

Security : 95% of all deposits will be kept in offline wallets to reduce probable losses due to hacking.


Main advantages of LocalCoinSwap 

1. A wide range of crypto-currencies. At the moment there are 10 tokens, but in the near future their number will increase by approximately 3-4 times.  

2. The presence of high security. All user facilities will be stored in cold wallets. 

3. Influence of users. Decisions on the development of the LocalCoinSwap platform will be made on general votes.  

4. Payment Methods. Now you can replenish your wallets not only with digital currency, but also with phiath.  

5. Absence of trade restrictions. Users will be able to exchange tokens with who they want to do it with.  


How this platform works

As we have already mentioned, the LocalCoinSwap platform has a very simple system of interaction. Let's take a look at it:

1. In order to enter the platform, you just need to register. This does not take much time and no additional checks.

2. The platform has a wide range of proposals, in order to provide a better deal.

3. For trading, you just need to choose a payment method and start a deal.

4. In all transactions on this platform, LocalCoinSwap acts as guarantor. Therefore, do not worry about the safety of your funds.

5. After receipt of payment, the buyer receives a crypto currency, and the transaction is considered completed.

                          

ICO Features

• TOKEN CODE: LCS

• PRICE FOR LCS: 0.4 (USD) (1 USD = 2.5 LCS)

• Maximum number of LCS tokens: 100,000,000

• PRE-ICO / PRESALE / ICO: 70,000,000

• SOFT CAP: 500,000 (USD)

• HARD CAP: 20,000,000 (USD) (the remaining tokens will be destroyed)

The sale of coins is distributed in 2 stages (pre sale and basic sales). Also, each of them will be with their bonuses. The distribution of tokens will be as follows:

The main part is 70% of coins, will be available to investors on Crowdsale, all unsold tokens will be destroyed. Then 10% is allocated to the venture fund of the community, which is managed directly by the investors themselves. The next 10% will be distributed between the development team, but they will be frozen in the contract for 1 year. 5% will allocate for the community, for the bonus program. And the last 5% will be distributed among users who improve the security of this platform.

team: 

The team includes experienced economists who have a long record of work in this field. Someone was a hacker in the past, someone was a financial analyst. These people were able to collect all their knowledge and put them together to make life easier for people. It is worth paying attention to this project, as it has prospects for development. The platform is moving forward with leaps and bounds, and perhaps they will take a broader scale than expected. Soon, fiat money can go to the side, and then we need such large networks like this. 

Nathan Worsley

Chief Technical Officer - Bachelor of Economics

Thomas Underwood

Finance Director - Bachelor of Commerce

Daniel Worsley

Head of Operations - Bachelor of Economics

Aapeli Vuorinen

Leading Safety Engineer - Bachelor of Mathematics

Taylor Shegel

Blockchain Developer - Bachelor of Science

Kevin Sparks

Lead Developer - Degree Developer in Computer Science

Valery Natanelov

Chief Marketing Specialist - Commodity Futures Markets

Jonathan Cohen

UX / UI Designer - MUZE Agency


Conclusion 

Do not mistakenly believe that LocalCoinSwap is the first of its kind. Before it, there were many projects that wanted to completely conquer this niche. But its key advantage for customers is the lack of costs for brokers, the widest choice of currencies, than its predecessors could not boast. It should also be taken into account that the project has all chances to take a monopoly position in the market, and in addition to that, according to the white sheet on the official website, that the project's tokens are also its shares. It is not difficult to understand what benefits their holder will receive. Among other things, they will also have the right to participate in the development of the company through their voice .we can highlight the main advantage of the platform, I think that this platform deserves attention because project is quite promising, since the crypto currency is more and more interesting for all people, and many newcomers are already using  various exchanges to trade on, so the platform can certainly find its target customer.


Detailed information about the project

Website: http://www.localcoinswap.com/

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

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

Twitter: https : //twitter.com/localcoinswap_? lang = en /

Telegram: http://t.me/localcoinswap/

Bitcointalk: https://bitcointalk.org/index.php?topic=3009721.0

  Prepared by:
Bitcointalk Username: chamika888
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1261329   

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