LocalCoinSwap: Community-Owned P2P Exchange platform
LocalCoinSwap (LCS) is a decentralized marketplace which allows buyers and sellers to tradedirectly in any cryptocurrency using any method of payment. 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 exchange stands out in the financial system because the exchange promises to distribute 100% of its profits to the community. Users/community get the profits, get the coins and get to make the decisions on the platform. There is no monopoly, everyone benefits together on the platform. The biggest and most interesting feature of the project is the introduction of Cryptoshares. LocalCoinSwap wants all of it investors and token holders to benefit from supporting the platform. Cryptoshares entitle the holders to guaranteed rights to 100% of the total profits from the Localcoinswap exchange through cryptocurrency dividends. LocalCoinSwap believes that the future of the digital currency ecosystem relies on the development of P2P exchanges and fair share of profits among investors.
Community/Users’ Centered:
LocalCoinSwap is community/users centered, in the sense that with all of the transaction taking place between private users on the platform, a well-developed rating and feedback system from the community/users of the platform can increase the quality and reliability. A trader can then check for the reviews and feedback of the matched user before accepting the trade. Also, the platform aims to remain in good contact with all of its users by focusing on activities and communication via popular social media accounts, Telegram groups or Slack channels, as well as their own integrated forum.
To me, LocalCoinSwap is the 21st Century P2P trading platform, where buyers and sellers could trade any type of cryptocurrency directly among each other.
The team is absolutely amazing and they have been working on LocalCoinSwap as a whole for sometimes now. I have tracked the records of various members of the team and I can say that they are incredibly professional.
I personally have done a lot of digging on LocalCoinSwap and I am yet to find any major red flag that would make me give up on investing in their ICO. Knowing how much the core members of the team have sacrificed to build everything from the ground up gives me more hope about the company as a whole.
LocalCoinSwap’s reputation speaks for itself and is strongly supported by various facts and by real business model that works every day. By investing cryptocurrency in the project you can be 100% sure of the reliability of your investment, as you invest into business with real assets and real people.
LocalCoinSwap group, completely, every one of its representatives work for the advantage of the project/organization and are constantly prepared to help in any matter. If there are any doubts or questions, you can always contact support — technical support is ready to help at any time. They are dependably in touch and don't dismiss any issue. For sure, at the present moment when we are discussing ICO ventures this reality is very crucial.
All models made by the LocalCoinSwap advancement group are freely accessible, at the present time you can acclimate yourself with this platform. LocalCoinSwap takes an interest in each conceivable crypto, blocking gatherings, and finish up genuine contracts.
Let’s talk about their product and what kind of Solutions they provide:
LocalCoinSwap aims to solve all the problems that come with centralized and semi-decentralized exchanges. Some of these problems are listed below.
• For the most part, centralized exchanges restrict new-user registrations — or, sometimes, they need users to divulge really intimate identity-related information before trading.
• Most centralized crypto exchanges follow unclear regulations based on the countries in which they operate.
• All the existing decentralized cryptocurrency exchanges are not only non-inclusive but also fragmented.
• Decentralized exchanges are especially problematic for all those who trade using lesser known fiat currencies or digital currencies.
• Many exchanges force the users to swap all the lesser known cryptocoins for a popular cryptocurrency such as ETH or BTC. Then only, will they allow the traders to buy the cryptocurrency they need.
• Additionally, the exchanges of today don’t permit users to share the profits generated.
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.
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.
What Benefits of Cryptoshare ?
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
What payment methods will be supported by LocalCoinSwap?
This is a part that made me bullish on this project , as it’s too good to be true : LocalCoinSwap will support all payment methods which can be safely supervised using their escrow process. This includes bank transfer, cash exchange, cash deposit, international wire, PayPal, cash in the mail, and even asset exchanges such as gold. New payment methods are added to LocalCoinSwap on request from our community.
And what about customer’s safety ?
On a customer level LocalCoinSwap implements several forms of two-factor authentication (2FA) to protect customer accounts from being stolen by third parties. Customers may choose to activate more than one form of 2FA simultaneously. Types of 2FA offered by LocalCoinSwap include email, mobile phone, Google Authenticator & PGP.
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.
LocalCoinSwap Roadmap:
. 2015 DECEMBER 2015 Company incorporation
. 2016 SEPTEMBER 2016 Initial team members established
. 2017 MARCH 2017 Concept development
. AUGUST 2017 Development on exchange begins
. 2018 FEBRUARY 2018 Official whitepaper launch
. FEBRUARY 2018 (LATER ON) Pre-ICO
. MARCH 2018 Presale
. APRIL 2018 Cryptoshare ICO
. MAY 2018 Submission for exchange listings
. JUNE 2018 Early investor access to platform
. JULY 2018 First Cryptoshare holder vote
. AUGUST 2018 Launch date for exchange
. OCTOBER 2018 Integrated REST API
. 2019 JANUARY 2019 Mobile trading application
. 2019 FEBRUARY 2019 Start of dividend distributions
Website link:
https://www.localcoinswap.com/
Reddit link:
https://www.reddit.com/r/Localcoinswap/
Twitter profile:
https://twitter.com/Localcoinswap_
Facebook product page:
https://www.facebook.com/localcoinswap/
Linkedin company link:
https://www.linkedin.com/company/11448963/
Telegram channel or chat room link:
https://t.me/localcoinswap
Medium
https://medium.com/localcoinswap
Authored by Danny_yell: https://bitcointalk.org/index.php?action=profile;u=1273420