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LocalCoinSwap ICO Overview

ericgoldman(25)

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LocalCoinSwap is an innovative project that concludes transactions in the field of crypto currency trading and makes its users more sophisticated in terms of control actions in the market. The online platform is very transparent and provides the maximum profit and benefits for its users, which will allow it to become a catalyst for growth in the crypto-currency market.

Platform Features
Acting on the basis of democracy, users have the right to vote on every issue that causes disputes on the platform. All digital assets issued by LocalCoinSwap will meet the requirements of ERC20 and will include other core standards. Contracts used by LocalCoinSwap in the release of Cryptoshare, dividend markers and voting tokens are open source, and all code is available for viewing in LocalCoinSwap Github. The contract development process is modulated where technically possible, with extensive testing of all individual units on a private test network.

The LocalCoinSwap platform is designed using a modular process. The development of the platform was divided into 5 main systems and has about 350 functions. Each function is developed individually, and then analyzed by the entire development team prior to its integration into the main branch of the project repository. Modular tests were implemented to ensure that no element of the website was compromised by the addition of a new feature.

The main concept of developing the platform LocalCoinSwap:

• safe;

• Simple;

• Pleasant.

First of all, the platform was developed taking into account the user's security. Careful attention was paid to the introduction of intrusion detection and segregation mechanisms for critical components. The ease of use of the platform was the second most important decision. It is necessary for the user to work comfortably, he could quickly find and use the functions he needed, and would not be burdened with excessive pages or complicated interfaces. Where possible, the focus has been on proposing as many functions as possible while retaining visual simplicity.

The creation of a nationwide peer-to-peer exchange is not such a simple event as it may seem. This requires adequate infrastructure and sufficient funding. Right now, the financing aspect is handled through the ICO. LocalCoinSwap is designed so that traders can buy any crypto currency directly, without the need for checks and verification.

The most attractive aspect of LocalCoinSwap is that it will support any crypto currency and all current payment methods. This will be a more advanced version of LocalBitcoins and ShapeShift. If you use multi-valued transactions that manage all transactions, LocalCoinSwap certainly goes in an interesting direction. In addition, the project will retain 95% of all coins in cold storage to prevent attempts to break into.

The difference between LocalCoinSwap and other sites
The key values of the crypto-currency community - inclusiveness, privacy, freedom and individual control - seem fundamentally at odds with how the instruments for interacting with it developed, especially for those who want to primarily exchange financial resources for crypto currency. Of course, in 2018, many decentralized exchanges appeared on the market, but the motives vary, and some of them focus exclusively on the benefits of security.

LocalCoinSwap abandons the status quo on a more strategic level, creating a truly decentralized exchange platform that supports all of the fiat currencies-without burdensome and invasive processes of verification or discrimination with respect to geographic location. Their vision of decentralization goes much further than de-risk.

Crypto currency can not get mass recognition in the market if people have to create accounts on dozens of different centralized exchanges for trading different coins. Not surprisingly, less than 1% of the world's population is engaged in investment.

Platform users will vote for new business lines, from adapting marketing and user tools to new languages and strategic partnerships, and adopting secondary markets on the P2P platform. The command offers more cryptresources than any other P2P exchange.

People become involved in crypto currency for various reasons, and for many, it may be profitable to make a quick profit. But if users share the philosophy that the greatest success can be achieved through an approach involving inclusiveness and diversity, the approach of LocalCoinSwap to decentralization will appeal to them.

The project team
Key team members:

Valeri Natanelov is the chief marketing specialist.
Aapeli Vuorinen is a leading security engineer.
Daniel Worsley is Chief Operating Officer.
Kevin Sparks is a leading developer.
Nathan Worsley - Chief Technical Officer.
Taylor Scheel is a developer of Blockchain.
Thomas Underwood is Chief Financial Officer.

A special team of developers is also involved in the project, the only purpose of which is to program and introduce new cryptographic and fiat currencies, so the platform will never resemble the large monopolized exchanges that currently dominate the market.

ICO Terms and Roadmap
Currently ICO is the main priority for the team. The launch is scheduled for August this year, and mobile applications will be available in early 2019. Dividends will be issued in February 2019.

Token: LCS

Platform: Ethereum

Type: ERC-20

Number of tokens: 70,000,000 LCS

Price: 1 LCS = 0.4 USD

Selling tokens: March 15 - June 15, 2018

Pre-sail ended in March 2018, the period of major sales is already coming to an end. The total issue is 70 million. Soft Cap $ 500,000, Hard Cap $ 20 million. The minimum investment is 0.1 ETH. Unsold tokens will be burned.

Assignment Actions

PUBLIC SALE 70% maximum allocation to investors through Public Sale with burning of the unsold. COMMUNITY RISK FUND 10% assigned to a community risk fund, whose use is voted on by investors DEVELOPMENT TEAM10% assigned to the development team (frozen 1 year per contract) REWARDS PROGRAM5% assigned to the rewards program for participation of the community 5% SECURITY BONUS assigned to the rewards program for users that increase the security of the platform

Use of funds obtained

PLATFORM DEVELOPMENT Used for further development and expansion of the platform. This will improve the scalability and number of features that will be offered in the initial release. SECURITY is assigned to increase the security of the platform. LocalCoinSwap offers operations in a wide variety of digital assets. To protect against all possible threats, multiple layers of redundancy have been implemented in wallet systems and critical security processes on separate servers have been abstracted. A large crowdsale revenue allocation towards security will provide users with the assurance that LocalCoinSwap is a secure platform to operate. BUSINESS DEVELOPMENT AND MARKETINGFor business development, marketing and advertising. LocalCoinSwap will implement extensive marketing and advertising strategies to increase the user base of the platform at the time of launch. These strategies are refined and focused campaigns based on the data and analysis collected during the issuance of Cryptoshare. COINSHIP ADDITIONAsigned exclusively for the addition of new currencies. LocalCoinSwap aims to provide the maximum diversity of commercial options at the time of launch and will hire dedicated staff exclusively to investigate and implement new cryptocurrencies. ADMINISTRATIONAsigned to cover administrative costs incurred during the final development of the platform.