LOCALCOINSWAP ICO REVIEW

WHAT IS LOCALCOINSWAP ALL ABOUT:
LocalCoinSwap (LCS) 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.

LocalCoinSwap is holding a crowdsale event of LCS Cryptoshares. Cryptoshares are a digital asset which will be used to facilitate distribution of all profits made by the LocalCoinSwap platform, in addition to all profits made by new business ventures under the LocalCoinSwap umbrella. Cryptoshare holders will additionally receive airdrops of new ICO tokens listed on the LocalCoinSwap platform. 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. This replicates the dividend payments and shareholder voting of traditional companies, with the added benefits of blockchain technology and decentralisation. Funds raised from this crowdsale event will be used to expand and speed up the development of the LocalCoinSwap platform and increase the number of cryptocurrencies which the platform is able to support on release. Centralised cryptocurrency exchanges in their current form are fraught with inefficiencies, security risks, long wait times and unreasonable verification requirements. This results in high barriers to entry for a huge number of potential users. Commonplace also are unethical business practices including insider trading, front running, and deceptive pricing.

Description

LocalCoinSwap is the worlds most inclusive and expansive cryptocurrency marketplace. The only marketplace which decentralises 100% of the profits. This is the way exchanges were supposed to be built.

How does LocalCoinSwap differentiate itself from the competition?
There are a lot of exchanges out there right now, and many of them call themselves decentralized. But we are the first exchange to decentralize all of the profits. The key difference is that when you use LocalCoinSwap, you aren’t just using our exchange — you are using YOUR exchange. You get the profits, you get the coins, you get to make the decisions. There is no monopoly, everyone benefits together. I’m sick of seeing the worst elements of the traditional financial system present in cryptocurrency: monopolies, greed, manipulation, insider advantage. Let’s change that together.

WORLD’S MOST INCLUSIVE EXCHANGE
Instant signup, no verification & no restrictions, Public financial announcements, open-source contract code

LOCALCOINSWAP FOCUS IS TO PROVIDE SOLUTIONS TO CRYPTO-CURRENCY PROBLEMS
The cryptocurrency economy is currently filled with giant monopolies
LocalCoinSwap is the world’s most inclusive exchange. There is no discrimination, instant signup, and no verification required. The trading interface is safe, easy, and fun.
Existing P2P marketplaces support only a minuscule number of cryptocurrencies and payment methods
LocalCoinSwap features a completely distributed peer to peer trading system. There are no centralized bank accounts, no verification requirements, and no restrictions on trade.
The only available exchanges exclude many users and are unsafe or difficult to use
LocalCoinSwap distributes 100% of the sites profits to holders of Cryptoshares on a 1-to-1 basis, through a blockchain-based decentralized dividend application.
Dominant exchanges suffer from centralized banking and trading restrictions
LocalCoinSwap will open with a minimum of the 10 most traded cryptocurrencies, expanding continuously to integrate more. The funds raised in the crowdsale are being used to increase the selection of currencies supported at launch.
Cryptoshare Benefits
DIVIDEND INCOME STREAM
LocalCoinSwap decentralises the most crucial part of the exchange: the profits. Cryptoshare holders receive guaranteed rights to 100% of the profits from trades on the LocalCoinSwap exchange.
ACCESS TO AN ENTIRE PORTFOLIO FROM HOLDING A SINGLE ASSET
Cryptoshare holders receive profits in all of the cryptocurrencies traded on the exchange, an income stream denominated across an entire portfolio of digital assets.
CRYPTOSHARE HOLDERS RUN THE EXCHANGE DEMOCRATICALLY IN A PROOF-OF-STAKE VOTING SYSTEM
An open source democracy contract hosted on the blockchain publicly tallies votes on user-submitted issues to decide the operation of the exchange
CRYPTOSHARE HOLDERS RECEIVE AIRDROPS OF NEW ICO TOKENS LISTED ON THE LOCALCOINSWAP PLATFORM
LocalCoinSwap provides a listing service for new ICO tokens to allow them to launch on the LocalCoinSwap platform or raise pre-ICO and presale funding. When new tokens are listed Cryptoshare holders receive an advance airdrop, as well as access to special offers on new listings
When will the website LocalCoinSwap be launched?
Our initial launch is planned before the end of August, however the amount of features and coins available on launch depends on the ICO. The main goal of the ICO, apart from building the trading community in advance of launch, is be able to hire as many extra full-time developers as possible to implement additional coins and features faster. If our ICO is successful (and we are confident it will be) we are going to have an entire team dedicated solely to coin implementation. No other exchange has that right now.

THE MARKETPLACE
The world’s most inclusive cryptocurrency marketplace

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.
Will the marketing be organized internally or externally marketing?
We are doing both. Internally we are creating and releasing content to educate the public about the project. Externally we have also hired an independent marketing agency to work with us closer to the presale.

One of the great things about running this ICO event, is that is assists in organically marketing the platform. Many of the users of the platform will be the Cryptoshare-holders who invest during the presale and ICO.

Community-focused, community-owned
LocalCoinSwap incorporates social media interactivity into the trading platform, with custom user profiles, friend lists, achievement badges and 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
Safe, secure, and hassle-free
Multi-signature transaction options available for supported currencies.
95% of site funds kept in offline cold-storage wallets.
Scenario-tested escrow system and global support team creates trustless trades between users.
Interactive feedback and trust system promotes hassle-free trading.
TOKEN INFORMATION
TOKEN CODE: LCS
PRICE PER LCS: 0.0004 Ethereum (ETH) (1 ETH = 2500 LCS)
LCS MAXIMUM TOTAL SUPPLY: 100,000,000
AVAILABLE THROUGH PRE-ICO/PRESALE/ICO: 70,000,000
TOKEN FREEZE: All unsold
PAYMENT CURRENCIES ACCEPTED BY LOCALCOINSWAP
Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Dash (DASH), Ethereum Classic (ETC), US Dollar (USD), Euro (EUR), British Pound (GBP), Australian Dollar (AUD), New Zealand Dollar (NZD), Canadian Dollar (CAD) & more

SOFT CAP: 500,000 US Dollar (USD)
ABSOLUTE HARD CAP: 20,000,000 US Dollar (USD) (remaining tokens destroyed)
BONUS STRUCTURE: Community based
TRANSPARENCY: Open source (public GitHub
Allocation of shares
PUBLIC CROWDSALE
70% maximum allocation to investors through entire crowdsale with burn of unsold

COMMUNITY VENTURE FUND
10% allocated to a community venture fund, the use of which is voted on by investors

DEVELOPMENT TEAM
10% allocated to the development team (frozen by contract for 1 year)

BOUNTY PROGRAM
5% allocated to bounty program for community engagement

SECURITY BONUS
5% allocated to reward program for users who increase the security of the platform

KEY DATES
Crowdsale
Start 15 April, 2018 00:00

End 15 June, 2018 24:00

Whitelist Registration
TBA

Transferable
Immediately after ICO

Presale
15 March, 2018 00:00

Token Uses
Use of Cryptoshares include the portfolio returns from dividend payments, potential capital gains from future increases in price, and the voting power to help define how the platform will be developed.

BONUS STRUCTURE
Once each benchmark of $5m USD is reached, all existing Cryptoshare crowdsale investors receive an extra 5% bonus. So if the hardcap is reached the maximum bonus that can be received is 60% for presale investors and 20% for the main crowdsale investors.

What is the price of the token at presale-ico and main-ICO?
The standard price for each Cryptoshare is 0.0004 ETH, although we are offering different levels of bonuses at different stages of the ICO. Our presale has a 40% bonus, and our regular ICO has a community-based bonus structure where everyone receives bonus Cryptoshares the more people invest. Combined with the burn at the end of the token sale we felt this bonus structure would be the best to reward all of our members for working together and spreading the word.

For more information about localcoinswap visit:
OFFICIAL WEBSITE: http://www.localcoinswap.com/
WHITE PAPER: https://www.localcoinswap.com/LocalCoinSwap_whitepaper_v1.0.pdf/
TELEGRAM: http://t.me/localcoinswap/

PUBLISHED BY: Muhammedb
BTT profile link: https://bitcointalk.org/index.php?action=profile;u=1109804;sa=summary