LocalCoinSwap - a Detailed review of the project.
Introduction
Welcome dear friends and fans of the cryptocurrency stories and ICO projects. Today we have a really interesting and most importantly useful article! The project https://www.localcoinswap.com
Problem to be solved by this project is unlikely to be understandable to those who do not have crypts. Why until now no one can make a project that will replace all the exchangers and make the entrance to the crypt Fiat without a fee, or with a minimum Commission. And the conclusion, of course. There are probably invisible to mere mortals, the problems. Whatever it is, the team LocalCoinSwap will do just that. About ICO this project and will be discussed below.
LocalCoinSwap unleashes the power of blockchain technology and introduces a new approach to traditional corporate ownership. Using this technology, you can transparently allocate the benefits of the platform to the holders of the tokens.
LocalCoinSwap is a distributed market, which allows sellers and buyers to trade directly with any mysterious mistake. Transactions made using different payment methods. Using this ecosystem, you can easily provide safe, fast and simple p2p trading platform. This Platform allows users to freely encrypt and share without worrying about unnecessary waiting times and requirements verification.
The most important part of the course is the escrow system. The team LocalCoinSwap well known for using a very reliable escrow system that solves the unique challenges of trust for online transactions P2P. In addition, this ecosystem will support a variety of encryption methods.
Considering all these aspects, this ecosystem is a catalyst for the expansion of existing markets cryptographic traffic. The platform has the appropriate processes, algorithms, and technologies that eliminate barriers to entry of new traders in the market cryptographic trade.
Issues
The bans in China, hacking exchanges, interviews Warren Buffett - all the news of oil in the fire, when skeptics defend their views in the struggle with new technologies. The distrust of people to the cryptocurrency remains high, despite the real potential of Blockchain technology. Go to the crypt of either the most desperate or technologically advanced. Here they are then faced with the barrier of entrance to the crypt. Some even abandon this enterprise in the middle - so many different obstacles.
And these problems:
it is not clear where to go and what to do. No clear and simple solution that will allow the beginner to buy a crypt. Just type, select the crypt, click on "Buy" and " voila!";
high commissions exchangers. At the moment, perhaps, eliminated the largest percentage of failed crypto-millionaires. Sometimes people pay 50% Commission. What you can't do out of ignorance?... Especially when you really want;
fraud. Recently I read an article how someone Gypsies selling Bitcoin with Aliexpress, and for good money, by the way. And "he who got burned on milk all his life will now blow on the water", as the proverb says;
cryptocurrency bans in some countries. For example, in the United States or the number of restrictions in China. Well, at least in Russia, nothing is forbidden. Spit over your shoulder who is reading these threads (and in the comments post).
These problems, of course, not all. This is such a TOP-4. Please write in the comments if you forgot to write something.
The actual solution to the problems
This distributed crypto exchange have a clear goal to solve all the problems associated with a centralized or quasi - distributed exchange. Some of these questions below.
In most cases, centralized exchanges will limit the registration of new users. In addition, you can allow the user to reveal really intimate information associated with the identifier before the transaction.
Most centralized crypto exchanges adhere to ambiguous rules based on the country of operation.
All existing distributed exchanges of encryption are not comprehensive, but fragmented.
Decentralized transactions are particularly problematic for those who are dealing with lesser-known currencies or digital currencies.
Many exchanges force users to convert all unknown crypto-coins on shared encryption, such as ETH and BTC. Then they can buy the mysterious gap that they need. Also on today's markets, users can't share profits.
Complex cryptographic exchange
This exchange of encryption focuses on the economic costs for all traders. The platform simplifies all peer-to-peer transaction. In other words, the trader does not have to pay intermediary Commission. This cryptographic exchange supports more payment methods than other cryptographic p2p exchanges available today.In General, this ecosystem is the real cryptographic exchange, which reintroduces the decentralization in the world of cryptographic transactions.
The spread of the corporate model
LocalCoinSwap - the future of cryptographic exchange. This ecosystem relies on the development of a reliable P2P exchange in accordance with truly innovative distributed model of ownership. Using this model, the Platform aims to bridge the gap that exists between the exchange and its users. In a sense, this ecosystem is one of the pioneers of the sharing of benefits of end users and platforms.
Design feature
LocalCoinSwap decentralized the most important part of the exchange-a profit. The owners Cryptoshare profit from all cryptograms that are traded on the stock exchange, the stream of income denominated in the portfolio of digital assets.
Developers will be guided by several principles for the effective decision of tasks, in particular:
The listing will include a huge number of tokens that are available today. The creators want to achieve 100% listing.
The Principle Of Escrow. Escrow allows you to track the payments of all traders platform. Will be thought out scheme of work in terms of smart contracts.
For confirmation of trades will be implemented system multipurpose.
For the settlement of disputes will be created a separate structure. Intermediaries will play the role of arbitrators in difficulties.
All ecosystem participants can leave open feedback on the work of each trader.
Security. Almost 95% of all Finance will be kept in Deposit accounts of crypto-cough, therefore, will ensure the full security of assets.
A simplified system of charges and commissions. Is not difficult schemes for commissions, it will be uniform and standard. Now the Commission is 1%.
Central exchange is subject to fuzzy rules based on the country in which they work. The existing decentralized cryptocurrency exchange is highly fragmented and inclusive.Enabled decentralized exchange is problematic for those who have less popular Fiat or cryptocurrency
Many users are forced to exchange their lesser known cryptocurrencies to more well-known cryptocurrency (e.g. BTC or ETH), before finally to buy a cryptography that they really want to buy.
LocalCoinSwap the market distributes income among users. They have all the methods of Deposit and withdrawals and is very user friendly and intuitive. Any beginner can use it to enter the crypt with a minimum Commission and nerves.
The system operation is based on the principle of peer-to-peer P2P operations for the rapid exchange of crypto resources without intermediaries. We won't delve into the nuances of technology, as paying attention to other signs of success of the project. Better pay attention to the benefits of LocalCoinSwap to other exchangers:
ease of use. Super friendly and familiar to ordinary people interface;
the minimum input and input of the Commission. From Fiat to cryptocurrency and Vice versa;
transparency of processes;
protection against fraud;
access to services from any country. No extra charge;
quick and easy Check in.
It seems that this service exchange not starting the sweet life.
And another nice advantage is that for the storage of tokens in the wallet user will be charged an additional fee. Which will be formed by two sources. First, it is PoS-algorithm. It's hard to explain what it is, who knows. And secondly, income from operations, deposits and withdrawal of funds will be distributed among the holders of the cryptosystem. It turns out that it's the best exchanger that actually pays the clients. This is the only exchanger that distributes profits among its users!
In August of this year will launch a smart choice. And now the system starts working in test mode. For those who begin to use the service LocalCoinSwap now, the system provides additional bonuses.
Team LocalCoinSwap
This ecosystem manages a leading safety engineer, hacker, analyst, Aapeli Vuorinen. He has more than 10 years of experience. In addition, the team includes other experts in the Fintech and blockchain, which seek to ensure that decentralization remains at the center of this cryptographic exchange.
Road map
December 2015-February 2018. Registration of company, creation of a working group of SEO, and the creation of its own cryptocurrency exchange, concept development, launching a WhitePaper, a pre-ICO.
In the end.
Summing up, I want to say that the project LocalCoinSwap made a stunning impression on me. You can see that the developers really do live by the idea that their project will be successful. The developers LocalCoinSwap is the people to whom I would develop the maximum confidence. And I am sure that this project will achieve great success. In LocalCoinSwap, so to speak, everything is perfect. The team consists of brilliant individuals and professionals. The team consists of famous and very successful people in the field of blockchain and cryptocurrency.
The project site is made great, the design is simply stunning. When all is simple and clear, there is nothing superfluous that could bring down a potential investor. Go to the project website LocalCoinSwap, it you want to stay as long as possible. This desire is not always there. Many other ICO projects are repelled from itself only the appearance of the site. The project, in turn, attracts only its appearance. And it deserves a lot of praise and respect.
Links to the project:
Official website: https://www.localcoinswap.com/index.html
Twitter: https://twitter.com/Localcoinswap_
Facebook: https://www.facebook.com/localcoinswap/
Telegram: https://t.me/localcoinswap
Whitepaper: https://www.localcoinswap.com/LocalCoinSwap_whitepaper_v1.0.pdf