LOCALCOIN

fian2015 (0)(1)in #ico • 5 years ago

With the growth of cryptocurrency through the blockchain technology, more innovations and platforms are evolving to make cryptocurrency sustainable and also effeciently tradable. With this in mind, gave birth to localcoin. Before we plunge into the benefits and features of what local will offer, lets get to know what localcoin is.

WHAT IS LOCALCOIN:

localcoin is a decentralised ecosystem whose vision is to change the face and future of the decentralised market by making financing and trading platform powered by blockchain technology simple, safe and secure.

DECENTRALISED BLOCKCHAIN MARKET SYSTEM:

this is a type of market where individuals come with their products to make sales and transactions independently without a third party unlike the centralised market. Also, unlike the centralised market, decentralised market avoids the abuse of power, promotes transparency, reliability, dependacy and protection(security).

CHALLENGES OF DECENTRALISED EXCHANGES

(A market or platform where cryptocurrencies are exchanged for other securities): Now some decentralised exchanges lack transparency, low liquidity, slow transaction, high charges for listing a token, lack of incentives, lack efficiency, not user friendly and lack of trust(as a result of not fulfilling their promises). They lack all these which are a necessity for the growth of any decentralised exchange. Also research have shown that most exchanges have poorly arranged trading platform which makes for wrong navigation and trading which may lead to loss of fund.

LOCALCOIN AS A SOLUTION:

with researches and observation of these flaws possessed or potrayed by some of these exchanges, localcoin is birthed as a solution to these flaws making localcoin different from every other exchange with the aim of becoming the future world leading blockchain technology provider through a community of people with the same value and goal with a solid strategy to bring this to a rapid actualization. LocalCoin would be the among the few decentralised system that allows its user to create its own contract address freely and transact at their own terms in a secure, open, cheap and fast process. LocalCoin uses three types of transaction

Local transaction between different account of the same cryptocurrency

same protocol-based transaction created off the same protocol but between different currency

Cross-chain transaction of different coins with different protocol.

And a multi-purpose wallet that can be used to store different coin assets, enable any kind of payment transaction, social media etc.

LOCALCOIN TOKEN:

localCoin token is more like an appreciation medium or a reward for being part of the project early before the public awareness. LocalCoin is a project any investor can confidently and safely invest in as it promises a greater future by providing solution to the flaws of other exchanges and also taking the job from where other exchanges stops and making it better with its transparency, simplicity to the market and its value creation in decentralised blockchain ecosystem and essential features such as;

OTC( Over the counter): this is one value that only localcoin can provide. this can also be called an off-exchange trading. Here the exchange platform has no knowledge of the transaction, it is done secretly between the two parties thereby giving privacy.

decentralised trading: trade without limit as it can run more than 100k transactions per second.

private accounts anonymocity, Your personal chain is secured with end to end encryption, no-one can see

your transactions and no one can trace it

ICO ACCELARATOR:

localcoin is really here to make trading and cryptocurrency in general simple, safe and fast for investors. Start your own ICO. You can issue your own token and list it for trading in just 5 min.

DECENTRALIZED BANK AND CHAT:

anonymous banking facility and end to end encrypted group and personal chats. There are so many benefits investors and participant of this awesome project will gain.

You can run your own cryptocurrency exchange website based on localCoin blockchain decentralized

platform (The DAO) with a few clicks of a button. It has the following benefitial features;

High performance:

2.scalability

Top notch technology:

4.professional product team

5.flexible engagement models

MINING:

anyone with masternode to support the network can mine localCoin. Masternode is

simply a computer wallet that keeps the full copy of the blockchain in real-time. The duty of masternode includes;

Enable treasury system of budgeting

2.participating in voting and governance

Enhacing privacy of transaction

4.doing instant transaction

LocalCoin has a high performance trading a terminal that helps brokers trade with zero trading fee with maximum security. It also has a zero knowledge transaction, where you can make trade transaction from your account to a secret account that can not be seen by any block explorer

TOKEN EKONOMY