LocalCoinSwap - Community-owned P2P Exchange

Hello, this time I will share information about LocalCoinSwap project which has a goal to create the most inclusive market in the world.Let's take a look at the short review.

LocalCoinSwap Introduction?

LocalCoinSwap, found online at LocalCoinSwap.com, is a cryptocurrency exchange that aims to give users more control over the platform. The creator claims that their market is "the most transparent transparent exchange on the market." Why is transparency important? Why should you care about transparent exchange? That's because the exchange promises to distribute 100% of its profits to the public.

Societies are also permitted to vote democratically on all aspects of market operations. The final goal of LocalCoinSwap is to create better p2p cryptocurrency exchanges. This will solve the problem of centralized and decentralized exchange today. It will have an escrow service to facilitate a decentralized crypto exchange, which makes it more of a decentralized exchange.

Overview of Issues

Unfortunately, the growth of the crypto currency economy is frictionful in parts of the banking system. A hostile regulatory environment and conservative institutions close merchant accounts and exchange in bulk, disseminate opinions from the media and implement strict monitoring procedures that violate public secrecy. The emergence of cryptography in the future creates enormous economic and investment opportunities. However, many people remain aloof because of lack of patience, inefficiency and long process of subscriptions and security. Opening a trading account instead can be a very difficult task for the user. Many exchanges restrict new account enrollments or require users to expose themselves to fraud by identification and theft, sending their photos in passports and personal documents on the Internet. Users of this platform are regularly requested to transfer funds overseas to companies in countries that do not have legal oversight. This problem really raises a lot of concerns when team members hope to find a solution.

The Solution is Given LOCALCOINSWAP

The digital ecosystem is here to stay, and the main economy begins to embrace the idea of ​​unlimited decentralization and trade. The LocalCoinSwap platform represents a return to the most basic asset exchange system without the use of basic institutions - P2P trading. By allowing P2P trading of all digital currencies, the LocalCoinSwap platform will return the market to its users, allowing them to purchase cryptography directly through any form of payment that can be made in any geographical location. Gaps in the crypto currency market are created, but the LocalCoinSwap infrastructure will close this gap in the market not only by offering P2P exchanges for all crypts in critical situations, but also to mark the ownership of the exchange itself. in the hands of its users through the world's first Cryptoshare system. The Cryptoshare LCS system uses blockchain technology to replicate traditional enterprise ownership through shares in a more secure and decentralized way. This allows all merchants in the warehouse to gain ownership of the platform where they trade.Regardless of the concept concept, LocalCoinSwap is the first implementation of the exchange, where the profits are distributed entirely through Cryptoshare's intellectual contract system with an initial launch scheduled for August 2018. This allows all merchants in the warehouse to gain ownership of the platform where they trade. Regardless of the concept concept, LocalCoinSwap is the first implementation of the exchange, where the profits are distributed entirely through Cryptoshare's intellectual contract system with an initial launch scheduled for August 2018. This allows all merchants in the warehouse to gain ownership of the platform where they trade. Regardless of the concept concept, LocalCoinSwap is the first implementation of the exchange, where the profits are distributed entirely through Cryptoshare's intellectual contract system with an initial launch scheduled for August 2018.

How LocalCoinSwap Works?

LocalCoinSwap emphasizes low cost for traders. Users will facilitate peer-to-peer transactions, which means you do not have to pay a fee to an intermediary.

LocalCoinSwap also claims to support more crypto methods and payment methods than any other existing peer-to-peer exchanges. This is typical for other exchanges that only support one currency or a small set of the most popular currencies. LocalCoinSwap will include the most extensive crypto bidding and payment methods, with the developer team once launched which is the primary goal of implementing a new currency.

LocalCoinSwap also plans to launch special support for ICO and other new token projects.ICO makers can launch their projects on the platform, for example. Overall, LocalCoinSwap sees itself as a "true" P2P trading, where users can swap assets they have for the assets they want.They can pay a low cost when sharing revenue generated by the platform.

Token Purchase

The sale of the LCS token will start with pre-sale on March 15, 2018. The sale has a soft cover of $ 500,000 USD and a hard hat of $ 20 million. 

There will be a total supply of 100 million LCS Cryptoshares, with 70 million available through a combination of pre-ICO, pre-sales, and ICO. The remaining tokens are allocated to public business funds, whose use is selected by the investor (10%), the development team, frozen by a 1 year (10%) smart contract, a reward (5%), and a Program reward for users to enhance platform security ( 5%). The proof will be sold at the price of 1 ETH = 2500 LCS.

Allocation

LocalCoinSwap has given great emphasis on adding many diverse coins to the platform.They want to offer more pairs of coins than other decentralized exchanges. 
LocalCoinSwap Escrow System

has an escrow system that acts as an intermediary between buyers and sellers. When a trade begins between merchants, LocalCoinSwap takes the crypto part of the transaction while the fiat currency payment is made directly from the buyer to the seller. 

After payment is made, and the seller can verify fiat currency transactions have been received, crypto delivered to the buyer.The escrow system will prevent user funds from being locked up during turbulent market times by issuing deadlines for each step of the contract process.

1. Multi Signature Support: LocalCoinSwap will have multi signature transaction options to improve security.
2. Dispute resolution: In the event of a dispute, the escrow release will be suspended and supporting documentation requested from each party to mediate the settlement.
3. User Input and Community Engagement: LocalCoinSwap emphasizes an active community where users can easily send feedback to the platform.
4. Security: LocalCoinSwap will have a full-time security team. 95% of the cryptocurrency deposit will be stored in the offline wallet to minimize the potential loss due to hacking. Simple Cost Structure: LocalCoinSwap will charge a fee based on comparable exchanges, for the purpose of matching or defeating the exchange. This fee is currently set at 1%

Roadmap

December 2015	Company Establishment.
September 2016	Establishment of early team members.
March 2017	Development of concepts
August 2017	Commencement of Development of exchange.
February 2018	Prelco, Official white paper launch.
March 2018	Presale.
April 2018	ICO.
May 2018	Submissions for "exchange list
June 2018	Initial access to the platform.
July 2018	First Cryptoshare vote.
August 2018	Release date for exchange
October 2018	Integrated REST API.
January 2019	Mobile app trading
February 2019	Begin the dividend distribution.

About Team

If you are interested in joining this project, you can visit the link below to get more details.

WHITE PAPER |WEBSITE  | TELEGRAM | MEDIUM  | 

FACEBOOK  | TWITTER | LINKEDIN  | STEEMIT | REDDIT

My Bitcointalk Username: maryatibtc

My bitcointalk profile :

https://bitcointalk.org/index.php?action=profile;u=1933617;sa=summary

ETH Address: 0x20e8ce56DB99EC437BD8218Ab29595E4289eAC43