LOCALCOIN: A Decentralized Trading Platform (DEX)
I thought I have seen all until I come across a decentralized exchange called LocalCoin; I found some specific DEX exchange features possessed by this platform and I wish to introduce it to my fellow crypto enthusiasts which I urge everyone to adopt as their exchange for trading of their digital assets.
Before I will proceed about this project; I want people to know that in this crypto space, we have the centralized exchange and the decentralized exchange (DEX), but many trader don’t know the particular type to adopt because they don’t even know the difference. So in this article, am going to share the features of decentralized exchange which happen to be the main aims and functions of LocalCoin project.
LocalCoin is generally known as a blockchain and decentralized unbanked ecosystem; it is also a decentralized exchange for trading of cryptocurrencies and other digital assets. This exchange was designed for the users to manage their accounts by themselves and have equal right on the activities of the platform and they will be allow to operate the way the like. The LocalCoin is quite different from the centralized exchange that always controls and manage user’s account for them. The LocalCoin project was built on digital public ledger which allows the exchange to operate without a particular body or human management, rather it is being control by individuals. LocalCoin has built a decentralized exchange that are efficient, transparent, reliable and ease to use.
LocalCoin is not just a casual exchange like others, rather it is a DEX that is safe and secured ecosystem for trading and financing. It tag LocalCoin as an unbanked platform because it offer financial services just like the way banks does but in different mode of operation.
HIGHLIGHTS OF LOCALCOIN DEX
LocalCoin is a decentralized exchange for trading of digital assets
LocalCoin is an unbanked platform for financing purposes
LocalCoin is also an ecosystem for social network that permits peer to peer interactions.
LocalCoin is an ecosystem for market forecasting in order to help traders not to fall short of their investment especially during the bearish market.
LocalCoin team has studied the challenges facing most of the unbanked and exchange platforms we have in this space and found the solution which led to the creation of this decentralized exchange. LocalCoin innovation is to provide a suitable finance and trading services for crypto enthusiasts, traders, entrepreneurs and many others. LocalCoin will permits complete management of accounts by individuals owners. The LocalCoin exchange will be available on both the web, mobile and desktop compatible for ease accessibility by every individuals.
DIFFERENCE BETWEEN LOCALCOIN AND OTHER KNOWN EXCHANGE
LocalCoin is a decentralized exchange while others a centralized exchange.
There is anonymous mode of operation in LocalCoin platform while others does not. No one can trace your IP or your transaction on LocalCoin exchange.
LocalCoin permits “over the counter” trading. This means users can peer to peer trade with themselves with the platform performing an escrow duties for them.
No one can block your account on LocalCoin DEX, unlike the centralized exchange that do block user’s account any time they like.
There is an internal wallet in LocalCoin platform; which permits users to transfer assets to each other at the same exchange.
No trading limits or withdraw limits; you can do the way you like on this DEX.
The LocalCoin decentralized exchange has a native token termed “LLC”. The token can be used to acquire and enjoy the services of this platform. This LLC token will also be used to compensate all the people that will contribute to the development of the platform. The LLC will be tradable at the exchange and can be peer with either fiats, btc, eth and some others. There are opportunity for investors to make their investment through this platform; this make the platform to organized an initial coin offering (ICO). There will be many bonuses to the highest contributors and the ICO price was pegged at $0.5 for 1 LLC token.
The innovation of LocalCoin is a blessing to many of us. They have created an environment that employed the full principle of decentralization. LocalCoin is the best place for every traders to be; users can share trading idea with their fellow colleagues in this space. The transaction fees on LocalCoin is free and you can have a multi-signature account in LocalCoin.
For more information about LocalCoin, visit any of the links below:
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=5125670
Bitcointalk username: bankroman3
Bitcointalk User Profile: https://bitcointalk.org/index.php?action=profile;u=2029645