Cryptonews: LOCALCOINSWAP ( The Community-Owned P2P Exchange )

LocalCoinSwap is building a P2P cryptocurrency exchange and launching an associated Cryptoshare ICO. LocalCoinSwap features a completely decentralized peer-to-peer trading structure. There are no centralized bank accounts, no verification requirements, and no restrictions on trade.

How It Works

The Platforms

OPPORTUNITY Thanks to LocalCoinSwap, traders can purchase any cryptocurrency directly.
SIGN IN Simply sign up to LocalCoinSwap, instantly, and without unnecessary verification requirements.
EXPLORE Search a wide variety of cryptocurrency ads for the best deal.
TRADE Agree on the payment method and enter into a trade.
TRUSTLESS TRANSACTION LocalCoinSwap holds the cryptocurrency in escrow while direct payment is made between traders.
COMPLETE TRADE Once payment arrives the cryptocurrency is released to the buyer, and the trade is complete.

Cryptoshares

INVEST Purchase LocalCoinSwap Cryptoshares (LCS) through the Initial Coin Offering.
PROFIT The LocalCoinSwap exchange makes profits from the escrow fees in all the currencies traded on the platform.
DISTRIBUTION OF DIVIDENDS At the end of the end of the quarter, 100% of the profit is distributed to Cryptoshare holders.
EQUAL WEIGHTING If an investor holds 1% of LCS - they receive 1% of the profit.
AIRDROPS When new ICO’s are listed on the platform, all LocalCoinSwap Cryptoshare holders receive a small amount of that token in return for each Cryptoshare they own.
INCOME Receive a continuous stream of income in multiple currencies, just from holding a single asset.

CRYPTOSHARE

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

PROBLEMS & SOLUTIONS

LocalCoinSwap addresses some of the greatest issues of cryptocurrency markets

marketsThe 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.

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.

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 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

General Overview

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

PUBLIC CROWDSALE

70% maximum allocation to investors through entire crowdsale with burn of unsold COMMUNITY VENTURE FUND

10% allocated to a community venture fund, the use of which is voted on by investors DEVELOPMENT TEAM

10% allocated to the development team (frozen by contract for 1 year).

BOUNTY PROGRAM

5% allocated to bounty program for community engagement.

SECURITY BONUS

5% allocated to reward program for users who increase the security of the platform.

Use of funds raised from Cryptoshare issuance

PLATFORM DEVELOPMENT (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.

SECURITY (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.

BUSINESS DEVELOPMENT & MARKETING (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.

COIN ADDITION (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.

ADMINISTRATION (5%)

Allocated for administration costs incurred during the final development of the platform.

ROADMAP