Review of LocalCoinSwap Ico
|| Introduce for ico
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
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.
|| Prerequisites for the creation
LCS seeks to make a tangible contribution to the development of the crypto industry, which is experiencing a number of serious problems, including:
Obstacles on the part of banks and government institutions of most countries in the world.
High risk of fraud.
Low level of security of personal data of account holders.
Absence of a single P2P platform for the exchange of crypto-currencies.
A limited number of electronic currencies, supported by P2P.
The complicated process of buying crypto currency, including a large number of additional commissions.
Monopolization of the virtual currency market.
To date, there are many mechanisms that allow one to easily exchange one crypto currency for another. However, there are serious obstacles for those who wish to acquire virtual money in traditional ways. The project expects to help newcomers of the market who are ready to buy electronic money by fiat.
LocalCoinSwap aims to solve these problems and create favorable conditions for users of the crypto-currency industry.
On the other hand, developers carefully analyzed the market of virtual currencies during the development of the business plan. Studies have shown that the Crypto currency market is rapidly approaching the $ 1 trillion mark with a total capitalization of $ 700 billion. Due to the growing popularity it is expected that the market will continue to develop further.
|| Benefits of using LCS
The team provides users with the following benefits:
A variety of available crypto currency (30-50 tokens).
Unlimited number of available trading operations.
Ensuring the security of personal data of users (you do not need to provide passport data when registering).
Exclusion of mediation - provides a direct link between the buyer and the seller of the crypto currency.
An abundance of available payment methods.
The users have a reputation, which increases the level of trust among new members.
Use to exchange funds for cold wallets.
Absence of geographical boundaries.
Equal rights and opportunities for all project participants.
Participation of each user in the development of the project by voting.
An interactive system that has similarities with social networks and forums - it is possible to add other users to friends. Each user has an avatar, status, reputation, awards.
|| How this platform works
LocalCoinSwap platform has a very simple system of interaction. Let's take a look at it:
In order to enter the platform, you just need to register. This does not take much time and no additional checks.
The platform has a wide range of proposals, in order to provide a better deal.
For trading, you just need to choose a payment method and start a deal.
In all transactions on this platform, LocalCoinSwap acts as guarantor. Therefore, do not worry about the safety of your funds.
After receipt of payment, the buyer receives a crypto currency, and the transaction is considered completed.
||Project ico details
• 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
|| Roadmap
|| Conclusion
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.
|| More information find the follow the below links
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: Luky147
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1547972;sa=summary
Eth address: 0x65510EA7bB0618d48c0Ac5a3941760c96ECcda3C
http://a1leathershop.com/