LocalCoinSwap [LCS Token] ICO

Hi people

I’m here to tell you about LocalCoinSwap, if you haven’t heard of it already, LocalCoinSwap is a unique platform that utilizes a secure escrow system that solves the trust issues when it comes to online P2P trading, where buyers and sellers could trade any type of cryptocurrency directly among each other. It’s a safe and easy to use P2P exchange without any unnecessary verification requirements or waiting times.

LocalCoinSwap exchange stands out in the financial system because the exchange promises to distribute 100% of its profits to the community. Users/community get the profits, get the coins and get to make the decisions on the platform. There is no monopoly, everyone benefits together on the platform. The biggest and most interesting feature of the project is the introduction of Cryptoshares. LocalCoinSwap wants all of it investors and token holders to benefit from supporting the platform. Cryptoshares entitle the holders to guaranteed rights to 100% of the total profits from the Localcoinswap exchange through cryptocurrency dividends. LocalCoinSwap believes that the future of the digital currency ecosystem relies on the development of P2P exchanges and fair share of profits among investors.

Community/Users’ Centered:

LocalCoinSwap is community/users centered, in the sense that with all of the transaction taking place between private users on the platform, a well-developed rating and feedback system from the community/users of the platform can increase the quality and reliability. A trader can then check for the reviews and feedback of the matched user before accepting the trade. Also, the platform aims to remain in good contact with all of its users by focusing on activities and communication via popular social media accounts, Telegram groups or Slack channels, as well as their own integrated forum.

To me, LocalCoinSwap is the 21st Century P2P trading platform, where buyers and sellers could trade any type of cryptocurrency directly among each other.

The team is absolutely amazing and they have been working on LocalCoinSwap as a whole for sometimes now. I have tracked the records of various members of the team and I can say that they are incredibly professional.

I personally have done a lot of digging on LocalCoinSwap and I am yet to find any major red flag that would make me give up on investing in their ICO. Knowing how much the core members of the team have sacrificed to build everything from the ground up gives me more hope about the company as a whole.

LocalCoinSwap’s reputation speaks for itself and is strongly supported by various facts and by real business model that works every day. By investing cryptocurrency in the project you can be 100% sure of the reliability of your investment, as you invest into business with real assets and real people.

LocalCoinSwap group, completely, every one of its representatives work for the advantage of the project/organization and are constantly prepared to help in any matter. If there are any doubts or questions, you can always contact support — technical support is ready to help at any time. They are dependably in touch and don’t dismiss any issue. For sure, at the present moment when we are discussing ICO ventures this reality is very crucial.

All models made by the LocalCoinSwap advancement group are freely accessible, at the present time you can acclimate yourself with this platform. LocalCoinSwap takes an interest in each conceivable crypto, blocking gatherings, and finish up genuine contracts.

Let’s talk about their product and what kind of Solutions they provide:

LocalCoinSwap aims to solve all the problems that come with centralized and semi-decentralized exchanges. Some of these problems are listed below.

• For the most part, centralized exchanges restrict new-user registrations — or, sometimes, they need users to divulge really intimate identity-related information before trading.

• Most centralized crypto exchanges follow unclear regulations based on the countries in which they operate.

• All the existing decentralized cryptocurrency exchanges are not only non-inclusive but also fragmented.

• Decentralized exchanges are especially problematic for all those who trade using lesser known fiat currencies or digital currencies.

• Many exchanges force the users to swap all the lesser known cryptocoins for a popular cryptocurrency such as ETH or BTC. Then only, will they allow the traders to buy the cryptocurrency they need.

• Additionally, the exchanges of today don’t permit users to share the profits generated.

Solutions offered by the platform are stated below:

-> Multiple Coins Offered: LocalCoinSwap has put a big emphasis on adding lots of diverse coins to the platform. They want to offer more coin pairs than any other decentralized exchange.

-> Escrow System: LocalCoinSwap has an escrow system that acts as an intermediary between buyers and sellers. When a trade is initiated between traders, LocalCoinSwap takes possession of the cryptocurrency portion of the transaction while the fiat currency payment is made directly from the buyer to the seller.

Once the payment has been made, and the seller can verify the fiat currency transaction has been received, the cryptocurrency is released to the buyer. The escrow system will prevent user funds from being locked up during volatile market periods by issuing time limits for each step of the contract process.

-> Multi-Signature Support: LocalCoinSwap will have a multi-signature transaction option for increased security.

-> Dispute Resolution: If a dispute occurs, the escrow release is paused and supporting documentation is requested from each party to mediate the settlement.

-> User Feedback and Community Engagement: LocalCoinSwap emphasizes an active community where users can easily submit feedback to the platform.

-> Security: LocalCoinSwap will have a full-time dedicated security team. 95% of cryptocurrency deposits will be stored in offline wallets to minimize potential losses due to hacking.

-> Simplified Fee Structure: LocalCoinSwap will charge fees based on comparable exchanges, with the goal of matching or beating those exchanges. This fee is currently set at 1%.

Blockchain:

A blockchain is a special type of data structure (ie a database), in which the data is set out and built up in successive blocks. Each of the blocks of data includes a small piece of data that verifies the content of the previous block. As a result, if an attempt is made to modify an earlier block in the chain, all of the later blocks cease to match up. Imagine that the database looks like a tower of Lego pieces which follow a particular sequence red-green-green-blue-yellow-red. If a change is made to the second block, the rest of the sequence upwards from the second block will change and become, say, red-black-brown-orange-purple-pink. The system that maintains the blockchain will be able to detect and reject the attempted modification, and this is what makes the blockchain tamper-proof, in other word, secured.

Blockchain technology is widely used in LocalCoinSwap business processes which makes it impossible to substitute or lose financial data. Using Smart contracts makes LocalCoinSwap a reliable and impartial guarantor of fulfilling obligations to the investors of the project.

Through blockchain technology the whole platform will be fully transparent to the users. All of the transactions and taken fees will be recorded for everyone to check. The creators of the platform want to make it very easy to use. A new user can start trading almost immediately after signing up, as no identity verification are required. As the platform has a P2P model, an escrow system will make sure that all of the transactions are safe. It acts as an intermediary between buyers and sellers and create a trustless connection. When a new trade is set up, LocalCoinSwap takes possession of the cryptocurrency, while the buyer and seller finish the transaction of fiat payment. Once the seller can verify the fiat transaction has been received, the cryptocurrency is released to the buyer.

ICO and Cryptocurrency:

ICO is crowdfunding via use of cryptocurrency, which can be a source of capital for startup or existing companies. In an ICO a percentage of the newly issued cryptocurrency is sold to investors in exchange for legal tender or other cryptocurrencies such as Bitcoin.

Why you should invest on Early Stage:

Early stage and existing companies might worth extremely low and have huge potential to fast-growing. Smart startup companies today can scale up hundreds of time faster than they could just a few years back. There’s never been better time to invest. This opportunity now available not only for venture capital or institutional investors, but for retail investors and for you too.

LCS Tokens:

LCS Tokens is a valuable digital asset, LocalCoinSwap project’s token, which will be used/tradeable at/on the biggest crypto currency markets. With the help of ICO LocalCoinSwap plans to attract the investment resources at a wide range. As suppose, the token sale will be interesting for the owners of digital assets, who would like to transfer them into the more secured investment tool and not to tremble anytime they hear the news about the possible Bitcoin rate falling.

LocalCoinSwap will have a token sale for LCS Cryptoshares. Essentially, LocalCoinSwap is tokenizing its platform, then selling tokens through the ICO.

By purchasing the LCS tokens, you acquire a share (stake) in the project and start earning profit in according to the percentages of the share of ownership from the first day of the launch the platform. Also, you have ability to vote in the running of the exchange itself using a proof-of-stake system.

The LCS Cryptoshares system is scheduled to launch in August 2018.

In other to participate in the ICO, follow these steps below:

• Purchase the tokens: LocalCoinSwap will issue a number of tokens during the ICO.

• Receive dividend payments: As a token holder, you have the right to receive payments equivalent to shareholder dividends.

• Convert your tokens into shares: As a token holder, you also have the right to convert your tokens into Ordinary Shares.

The LCS Smart Contract assures:

Transparency

Ownership

Token release restriction

Contract management

Other provisions

ICO Details: