Local Coin Swap – Safe, Non-Compatible & Fast Peer-to-Peer Trading Platform
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Local Coin Swap is a democratic
project that wants break cryptocurrency monopoly of giant exchanges and
that aims to be accepted by all local law restrictions, basing its
working on a peer-to-peer exchange. Local Coin Swap is totally owned by
the community and therefore distributes the 100% of fees in dividends to
token holders.
The cryptocurrency world is currently full of giant monopolies
getting rich off the trading actions of its users. LocalCoinSwap will
break down the giant exchange monopoly model in favour of a grassroots
profit decentralization model.LocalCoinSwap is an exchange created for the community, owned by the community. There is no discrimination or exclusiveness. Traders in any country may exchange any cryptocurrency, for any payment method, and share in the profits.
LocalCoinSwap tries to reach with this ecosystem. This platform brings the power of blockchain technology and implements a new approach to traditional enterprise owners. With this technology, you can transparently distribute the benefits of the platform to the token holder.
How it works
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Platform
- OPPORTUNITYThanks to LocalCoinSwap, traders can directly buy cryptocurrency
- ENTRY Simply log in to LocalCoinSwap, instantly, and without unnecessary verification requirements
- EXPLORE from a wide range of cryptocurrency ads for the best deal
- TRADE Approve payment methods and enter into trading
- TRANSACTION WITHOUT TRUSTLocalCoinSwap holds crypto in escrow while direct payment is made between traders
- FULL TRADEOnce the payment arrives, cryptocurrency is released to the buyer, and the trade is completed.
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Cryptoshares
- INVEST Cryptoshares LocalCoinSwap (LCS) through Initial Coin Offering
- PROFITS LocalCoinSukar generate profits from escrow fees in all currencies traded on the platform
- DIVIDEND DISTRIBUTION At the end of the quarter, 100% profit is distributed to Cryptoshare holders
- SAME BOTH If investors hold 1% LCS – they receive 1% of profit
- AIRDROPWhen the new ICO is registered on the platform, all Cryptoshare LocalCoinShop holders receive a small amount of these tokens in return for their respective Cryptoshare.
- INCOME Receiving a steady stream of income in many currencies, just from holding one asset.
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Interesting features
- The platform is user friendly
- No restriction for cryptocurrencies. Users will be able to trade any kind of crypto without restrictions, requirements or KYC.
- 100% of profits are directly distributed to users thanks to blockchain technology.
- Free airdrops when localcoinswap will add a new token
- Public github open source code
Localcoinswap team is runnig a crowdsale to speed up development and increase the number of tradable cryptocurrencies.
Cryptoshares will be the assets used to share profits between ICO investors.
- Profits from the exchange are calculated and distributed at the end of each fiscal period.
- The total issuance of dividend and voting tokens will be the same as the total supply of LCS Cryptoshares.
- These tokens are then issued to holders of LCS Cryptoshares on a 1-to-1 ratio.
- When dividend and voting tokens are redeemed they are destroyed by the contract they are broadcast to in order to prevent malicious attempts to claim extra funds or manipulate votes.
- Income in the form of dividends. Dividends are given to holders of the exchange’s tokens.
- Cryptoshare holders make a profit in all the crypto-currencies that are traded on the exchange, the income stream, nominated through the entire portfolio of assets.
- Holders of tokens and users vote for the decision on the exchange
- Holders of tokens and users decide whether to accept those or other tokens on the exchange, after listing the exchange receives a part of new coin tokens.
Token symbol: 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
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Token distribution will be very fair because the team will hold only 10% of total supply. Since LCS will be a community token, the biggest allocation will be for investors.
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 70% engagement
5%: allocated to reward program for users who increase security of the platform
Roadmap
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Team
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For More Information Please Visit Here:
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AUTHOR ; meliamel
mybitcointalk ; https://bitcointalk.org/index.
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