HOW LOCALCOIN WORKS

 

HOW IT LOCALCOIN SWAP WORKS

1. OPPORTUNITY

Thanks to LocalCoinSwap, traders can purchase any cryptocurrency directly

2. SIGN IN

Simply sign up to LocalCoinSwap, instantly, and without unnecessary verification requirements

3. EXPLORE

Search a wide variety of cryptocurrency ads for the best deal

4. TRADE

Agree on the payment method and enter into a trade

5. TRUSTLESS TRANSACTION

LocalCoinSwap holds the cryptocurrency in escrow while direct payment is made between traders

6. COMPLETE TRADE

Once payment arrives the cryptocurrency is released to the buyer, and the trade is complete

Directly trade any cryptocurrency, using any conceivable payment method, in any geographical location

  • COMMUNITY FOCUSED

Dedicated support team, integrated social media features

  • COMMUNITY OWNED

100% of profits distributed to users through the blockchain

  • DEMOCRATICALLY OPERATED

Operated through voting in a proof-of-stake system

  • WORLD’S MOST INCLUSIVE EXCHANGE

Instant signup, no verification & no restrictions

  • COMPLETE TRANSPARENCY

Public financial announcements, open-source contract code

  • EXTENSIVE COIN COVERAGE

More cryptocurrencies than any other peer-to-peer exchange

  • CUTTING-EDGE SECURITY

Multi-signature transactions. 95% of funds in cold-storage

  • INTRINSIC TOKEN UTILITY

Dividend profits in multiple currencies. Airdrops of new ICO tokens

Problem and Solution

  • The cryptocurrency economy is currently filled with giant monopolies

LocalCoinSwap is the world’s most inclusive exchange. There is no discrimination, instant signup, and no verification required. The trading interface is safe, easy, and fun.

  • The only available exchanges exclude many users and are unsafe or difficult to use

LocalCoinSwap distributes 100% of the sites profits to holders of Cryptoshares on a 1-to-1 basis, through a blockchain-based decentralized dividend application.

  • Existing P2P marketplaces support only a minuscule number of cryptocurrencies and payment methods

LocalCoinSwap features a completely distributed peer to peer trading system. There are no centralized bank accounts, no verification requirements, and no restrictions on trade.

  • Dominant exchanges suffer from centralized banking and trading restrictions

LocalCoinSwap will open with a minimum of the 10 most traded cryptocurrencies, expanding continuously to integrate more. The funds raised in the crowdsale are being used to increase the selection of currencies supported at launch.

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.

More cryptocurrencies, more payment methods

  • LocalCoinSwap will offer a wider selection of cryptocurrencies than any existing peer-to-peer exchange.
  • LocalCoinSwap will offer all conceivable payment methods for purchasing or selling, including custom options added by the community.

Community-focused, community-owned

  • 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.

Safe, secure, and hassle-free

  • 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.

TOKEN SALE AND ICO

TOKEN CODE

  • LCS

PRICE PER LCS

  • 0.0004 Ethereum (ETH) (1 ETH = 2500 LCS)

LCS MAXIMUM TOTAL SUPPLY

  • 100,000,000

AVAILABLE THROUGH PRE-ICO/PRESALE/ICO

  • 70,000,000

TOKEN FREEZE

  • All unsold

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)

BONUS STRUCTURE

  • Community based

TRANSPARENCY

  • Open source (public GitHub)

Allocation of shares

Market Place

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

Team

For more information please click on the links below:

WHITE PAPE

WEBSITE | TELEGRAM | MEDIUM | FACEBOOK | TWITTER | LINKEDIN | STEEMIT | REDDIT

Bitcointalk profile link:https://bitcointalk.org/index.php?action=profile;u=1925101

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