LocalCoinSwap : DECENTRALIZED CRYPTOCURRENCY

ABOUT ICO
• Token code : LCS
• Price per LSC : 0.4 US Dollar (USD) (1 USD = 2.5 LCS)
• LCS maximum total supply : 100,000,000
• Available through pre-ICO/presale/ICO : 70,000,000
• Token freeze : All developer tokens for 1 year
• Payment currencies : 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)

Allocation Of Cryptoshares
70%: maximum allocation to investors through entire crowdsale with burn of unsold
10%: allocated to a community venture fund, the use of which is voted on by investors
10%: allocated to the development team (frozen by contract for 1 year)
5%: allocated to bounty program for community engagement
5%: allocated to reward program for users who increase security of the platform

Use Of Fund Raised From Cryptoshare

• 30%: Allocated to increase the security of the platform. LocalCoinSwap offers trading in a large variety of digital assets.To protect against all possible threats multiple layers of redundancy have been implemented in wallet systems, and security critical processes abstracted to separate servers. A large allocation of crowdsale revenue towards security will provide users assurance that LocalCoinSwap is a safe platform on which to trade.
• 30%: Allocated exclusively for the addition of new coins. LocalCoinSwap aims to provide the maximum diversity of trading options upon launch and will hire dedicated staff solely to investigate and implement new cryptocurrencies.
• 20%: Used for further development and expansion of the platform. This will enhance scalability and the number of features which will be offered on initial launch.
• 15%: For business development, marketing & advertising. LocalCoinSwap will implement broad marketing & advertising strategies to increase the user base of the platform upon launch. These strategies are refined and focused campaigns based on the data and analytics gathered during the Cryptoshare issuance.
• 5%: Allocated for administration costs incurred during the final development of the platform.

• Platform Development :
Used for further development and expansion of the platform. This will enhance scalability and the number of features which will be offered on initial launch.
• Security :
Allocated to increase the security of the platform. LocalCoinSwap offers trading in a large variety of digital assets. To protect against all possible threats multiple layers of redundancy have been implemented in wallet systems, and security critical processes abstracted to separate servers. A large allocation of crowdsale revenue towards security will provide users assurance that LocalCoinSwap is a safe platform on which to trade.
• Business Development & Marketing :
For business development, marketing & advertising. LocalCoinSwap will implement broad marketing & advertising strategies to increase the user base of the platform upon launch. These strategies are refined and focused campaigns based on the data and analytics gathered during the Cryptoshare issuance.
• Coin Addition
Allocated exclusively for the addition of new coins. LocalCoinSwap aims to provide the maximum diversity of trading options upon launch and will hire dedicated staff solely to investigate and implement new cryptocurrencies.
• Administration :
Allocated for administration costs incurred during the final development of the platform.

Hard And Soft Capitalisation
The minimum cryptocurrencies available for purchase of Cryptoshares during the crowdsale are: Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), Ripple (XRP) & Tether (USDT). Purchase via SWIFT transfer in fiat currency may also be made directly using: US Dollar (USD), Euro (EUR), British Pound (GBP), Australian Dollar (AUD), Canadian Dollar (CAD) & New Zealand Dollar (NZD).
Initial pricing for the Cryptoshares is currently set at 0.4 USD per LCS. Other payment currencies are set at equivalent ETH value. This is subject to change should there be a large shift in the price of ETH/USD to ensure the hard cap is maintained. The soft cap for the Cryptoshare crowdsale event is $500,000 USD in total value of all sale currencies. Should this soft cap not be reached all funds will be returned to investors. The hard cap for the Cryptoshare crowdsale event is $20,000,000 USD in total value of all sale currencies. Should this hard cap be reached the crowdsale will be closed and all remaining Cryptoshares on offer destroyed. This limit was chosen to give investors confidence in the maximum amount their equity in the site can be diluted, and to increase the value of the investment for all holders of Cryptoshares.

Technical Information
All digital assets issued by LocalCoinSwap will be ERC20 compliant and will include other mainstream standards where possible. This will enable LocalCoinSwap derived assets to be transacted by as many Ethereum wallet programs as possible and be accessible across a wide variety of secondary exchanges. All reasonable efforts will be undertaken to conform to industry standards where possible in smart contract development. This will include independent auditing if necessary to increase security. Contracts used by LocalCoinSwap in the Cryptoshare issuance, dividend tokens and voting tokens are open source and all code is publicly viewable on the LocalCoinSwap Github. The contract development process is modulated where technically possible, with extensive whitebox and black-box testing of all individual units on private testnet before public deployment. Because the security of financial systems is critical to the company, all code additions are independently reviewed by all technical members of the development team.

RoadMap

To learn more about this interesting project visit :

• Website : https://www.localcoinswap.com/
• Whitepaper : https://www.localcoinswap.com/LocalCoinSwap_whitepaper_v1.0.pdf
• Telegram : https://t.me/localcoinswap
• Twitter : https://twitter.com/localcoinswap_?lang=en/

Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2038051