If you are following my blog you know I am interested in crypto exchanges. There is so much potential for any exchange that takes off. Lots can be made if you can get in at the ICO pricing and hang in for a few years until the platform is in full use. Worst case you are wrong and out your initial investment which should never be more then you can live without anyway.
Recent estimates have one of the top exchanged Binance raking in 200 million in profits per quarter. This is up over 2000% from this time last year. Source: https://cryptobriefing.com/raining-cash-binance/
Coinbase, one of the most popular exchanges in the United States took in one billion on revenue last year up from an expected 600 million in September. This is with offering only four coins. Source: https://www.recode.net/2018/1/22/16911692/cryptocurrency-bitcoin-trading-coinbase-revenue-secondary
The crypto exchange Poloinex was acquired for $400 million USD this year by Circle. That exchange was created in 2014 and then sold a few years later for $400 million. Source: https://www.coindesk.com/circle-acquires-poloniex/
There are so many new crypto exchanges coming out now it's hard to know which will work out. Some will look to invest in as many as possible. Spreads small investments around into multiple new exchanges and hope one that you picked takes off. Others might do lots of research to find which exchanges have the most promise and only invest in those projects.
LocalCoinSwap https://www.localcoinswap.com is building a P2P exchange and launching with 10 top coins. The main part of the exchange will be peer to peer with no centralized bank accounts or verification requirements and no restrictions on trades.
100% of the profits is going back to coin holders meaning they get a small cut of trades across all 10 coins on the platform. Eventually more coins will be added and more profits kicked back to coin holders.
Coin holders will benefit with a dividend income stream, access to an entire portfolio holding one single asset, voting rights via proof of stake system and bonus airdrops of new tokens listed via LocalCoinSwap's platform.
Team Members:
Three key team members are Nathan Worsley the Chief Technical Officer, Thomas Underwood the Chief Financial Officer and Daniel Worsley the Chief Operating Officer. All three have bios here https://www.localcoinswap.com/team.html along with LinkedIn and Telegram accounts for easy access.
Advisers:
One of LocalCoinSwap's top advisers is George Kimionis the Chief Executive Officer and founder of Coinomi Wallet. If you are not a Coinomi wallet check it out. From most smart phones you can have an easy to use ans safe crypto wallet. They currently support over 150 popular coins.
Road map Highlights:
Current April/May 2018 = ICO Sale
May 2018 = Submit for exchange listings
June 2018 Early investor access to platform
August 2018 Launch date for exchange
January 2019 Mobile Trading App
February 2019 Dividend distribution starting
There so many websites rating blockchain projects like LocalCoinSwap but not all of them are created equal. The sites below are well respected and provide quality information about blockchain projects like this. I encourage you to read different sources before committing to any particular project.
ICObench.com https://icobench.com/ico/localcoinswap/ratings has a solid 4.4 overall rating for LocalCoinSwap. They broke this down 4.4 for ICO Profile, 4.1 for Team, 4.4 for Vision and 4.5 for Product.
ICOmarks.com https://icomarks.com/ico/localcoinswap has a 9.1 out of 10 rating for LocalCoinSwap. They gave ICO Profile 9.2, Social Activity, Team Proof and Domain Score all received a 9.
TrackICO.io https://www.trackico.io/ico/localcoinswap/ has a 4.8 out of 5 rating for LocalCoinSwap. The high marks were for Description, Milestones, Whitepaper and Video.
ICOholder.com https://icoholder.com/en/localcoinswap-17966 has a Stable 3.91 rating for LocalCoinSwap. The ratings came in at 4.29 for ICO Profile, 3.89 for Vision, 3.48 for Activity, Potential 4.07, Product 3.57 and Team 3.5.
ICOtokenews.com has a Green 4.7 rating for LocalCoinSwap. The rating breaks down 4.8 for Budget, 4.5 for Credibility, 4.9 for Team, 4.8 for Potential, 4.6 for Product and 4.9 for vision.
More about LocalCoinSwap:
Price 1 LCS = 0.0004 ETH
Accepting ETH, BTC, USDT, BCH, XRP, USD, EUR, GBP, AUD, NZD, CAD & more
Soft cap $500,000
Hard cap $20,000,000
Ticker LCS
Token Type ERC20
Platform Ethereum
Available for sale 70,000,000 LCS (70%)
Total supply 100,000,000 LCS
If you are interested in this idea make sure to visit the home page of LocalCoinSwap to learn more. I recommend reading their whitepaper before backing any project like this. Most ICOs will answer your questions if you contact them via their website or telegram.
LocalCoinSwap Homepage https://www.localcoinswap.com
Whitepaper https://www.localcoinswap.com/LocalCoinSwap_whitepaper_v1.0.pdf
Telegram https://t.me/localcoinswap
BitcoinTalk https://bitcointalk.org/index.php?topic=2916403.0
Twitter https://twitter.com/Localcoinswap_
Facebook https://www.facebook.com/localcoinswap/
Reddit https://www.reddit.com/user/Localcoinswap/
Medium https://medium.com/localcoinswap
GitHub https://github.com/LocalCoinSwap
LinkedIn https://www.linkedin.com/company/localcoinswap/
I am not a crypto expert and this blog is not intended to be investing advice. I’m just a normal person like you, so always do your own research. I’m interested in promoting projects like this. I may own these coins soon but do not own any at the time of writing this blog. Learn more about projects I am following via my Twitter and Bitcointalk pages.
