If you are reading this paper, you are likely to have some knowledge about cryptocurrencies. If not, you should do some small researches on Google to find out more about it. There are hundreds of articles and communities which will show you the way. You can head for some keywords such as ICO, Bitcoin (BTC), Ethereum (ETH) and plus more. If you already did your homework, I can now explain to you why this post is written. Nowadays, ICO market is just like the Wild West during the peak time of gold rush. If you know the way, earning good money is not some difficult, but you have to find a good-enough project to invest in. Here is one of the promising projects that I am extremely excited to tell you: LocalCoinSwap
Why we need it
Many investors are getting trouble using some of mainstream exchanges on the market: uncomfortable verification, expensive withdrawal fees, and withdrawal function got suspended sometimes due to high traffic, fud of hacking, too high trading fee, server down anytime which is expected, lagging, country restriction, and only getting profits if the price of cryptocurrencies go up. Those problems really raise a lot of concerns for investors to enter the market.
Also, there many decentralized cryptocurrency exchanges are going live. A decentralized exchange is an exchange market that does not rely on a third-party service to hold the customer's funds. Instead, trades occur directly between users (peer to peer) through an automated process. This system can be achieved by creating proxy tokens (crypto assets that represent a certain fiat or cryptocurrency) or assets (that can represent shares in a company for example) or through a decentralized multi-signature escrow system, among other solutions that are currently being developed.These platforms are building a revolutionary road in the blockchain industry as its convenience of anonymous trading feature
However, decentralized cryptocurrency exchanges would never be our confident option when thinking of trading cryptocurrency. Because decentralized cryptocurrency exchanges have so much trouble that we couldn’t be aware of the risk that it brings to us sometimes and they have so many limitations that made us struggle every time.
The question is
Is there any exchange out there that can provide us a safe environment, no restriction, and limitation, fees free, and even give us interests for just holding our cryptocurrencies like a bank?
Luckily, we now have LocalCoinSwap
Introduce to LocalCoinSwap
LocalCoinSwap (LCS) is a blockchain-based decentralized marketplace which allows buyers and sellers anywhere in the world to quickly and easily to trade directly in any cryptocurrency using any method of payment. It provides a safe, uncomplicated and fast peer-to-peer (P2P) trading platform, allowing users to freely exchange without unnecessary verification requirements or restrictions on trade.The platform utilizes a secure escrow system that solves the inherent trust issues of online P2P trading.
Unlike the traditional centralized monopolistic model of crypto exchanges, LocalCoinSwap (LCS) are decentralizing the ownership, the profit, and the developmental decision-making process. This allows the team to create a community-based platform that represents the needs and wants of the users.
The advantages of this project
The LocalCoinSwap platform is designed to enrich the entire community rather than a small number of individuals.
The only marketplace which distributes 100% of its profits back to its community, and allows the community to vote democratically in its operation. It is a community-focused, and community-owned marketplace.
The most financially transparent exchange on the market, with regular public announcements detailing exact revenue and expenses, all wages, and all forms of income. All contract code used by LocalCoinSwap is open source and publicly viewable on our GitHub.
Supports the most diverse range of cryptocurrencies and payment methods out of any peer-to-peer exchange in existence. It is typical for other exchanges to only support a single currency or a small basket of the most popular currencies. This includes bank transfer, cash exchange, cash deposit, international wire, PayPal, cash in the mail, and even asset exchanges such as gold. New payment methods are added to LocalCoinSwap on request from our community.
Special support for ICO and new token projects, allowing them to launch on the platform or offer the user base special pre-ICO and presale deals to raise additional funding.
About Cryptoshares Localcoinswap
The token platform is known as LCS Cryptoshares. LCS cryptoshares are not like traditional ICO Tokens.
What Benefits of Cryptoshare?
Cryptoshare holders receive guaranteed rights to 100% of the profits from trades on the LocalCoinSwap exchange.
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 run the exchange democratically in a proof-of-stake voting system to decide the operation of the exchange
When new tokens are listed Cryptoshare holders receive an advance airdrop, as well as access to special offers when ICO is registered on the Localcoinswap platform.
LCS is the only official token of the project. The total number of the released token is 100 million and no more tokens will be issued. The team will receive no more than 10% of the total number of tokens after 12 months since the end of main crowd sale. They allocated the most part – 70% – of the total number of 3 stages of sale pre-ICO/presale/ICO (7 million). At the end of the crowdsale period, all unsold Cryptoshares from this portion of the issuance are destroyed to increase the value of remaining Cryptoshares
The soft cap of the crowdsale is 500,000 USD and the hard cap for all stages is 20 million USD. Investors can buy the token in ETH, BTC, USDT, BCH, XRP, USD, EUR, GBP, AUD, NZD, CAD & more
The presale period will run with a bonus allocation of 40%. The presale will be closed immediately if 10,000,000 Cryptoshares are distributed. During the crowdsale period funding milestones have been set at each $5,000,000 increment
As each increment is reached all existing purchasers of the crowdsale event receive an additional 5% airdrop of Cryptoshares to be distributed once the crowdsale closes. These airdrops are also distributed to presale purchasers, but not to Cryptoshares held by the development team, security/bounty fund & new venture fund
The team behind the project is relatively small, however, they seem to be well-prepared to deliver fully working platform. The developers and programmers are very skilled and have previous experience with blockchain technologies. There are also people responsible for the finances of the platform and the whole operation and management.
To sum it up, аs а pаrt of our review, we see strong potentiаl in this ICO. The concept of the project is very useful and potentiаlly very profitаble. It is worth investing both from short аnd long-term perspectives. The project offers interesting solutions and improvements to regular mainstream cryptocurrency exchanges. With P2P transactions and people seeking decentralized platforms and marketplaces, LocalCoinSwap may be a good alternative to centralized exchanges owned and sometimes manipulated by individuals or big companies. The project seems to be prepared very well, the site's design looks good and all of the information are provided transparently and with many details. The biggest feature and advantage for many investors will be the benefits that come from holding Cryptoshares token. A well-prospering exchange may yield significant profits and they will be shared among these lucky investors.
The sooner you will support the project by buying its tokens, the better price you mаy expect аlong with bonuses. So far, the platform looks promising with all the required areas covered. However, we advise you to invest carefully as there is no 100% guarantee of success. Also, the security market may sound a bit risky for some new investors.
FOR MORE DETAILED INFORMATION ABOUT LOCALCOINSWAP, PLEASE VISIT THE FOLLOWING:
Medium blog: https://medium.com/localcoinswap