LOCALCOIN LLC DECENTRALIZED EXCHANGE PLATFORM

Throughout history middlemen have suffered a common fate. Markets like to be efficient
and middlemen get replaced with more efficient alternatives. The current decentralized
market lacks integration, trust and transparency as well as efficiency. Furthermore, it does not
incentivize further green energy generation capacity investments.
Blockchain promised to help cut down the middlemen. However, cryptocurrency exchanges
which are centralized have broken this promise. One of cryptocurrencies main characteristic
is decentralization, with no central body controlling it. The world started believing in
cryptocurrencies given that governments and banks were controlling and manipulating fiat
currencies.
In came centralized exchanges which control cryptocurrencies similarly to how central bodies
control fiat currencies. The hacks, the manipulation and the charges for listing a token have
brought back the evils of the traditional banking system.
**Mission and Vision
LocalCoin’s ultimate aim is to transform the way decentralized market operate. We do so by
providing a technologically more efficient, transparent and reliable solution, making use of a
public blockchain ledger and smart contracts.
Our Vision is to be become world’s leading bitcoin and blockchain technology provider
through a community of community of people who shares the same libertarian values and
freedom.

Why Localcoin

LocalCoin Platform
LocalCoin was designed to provide a full-service platform to launch a decentralized bank,
decentralized trading, social networks and prediction markets through its unique offering. The
key feature of LocalCoin is that it has brought decentralization to a new level; our platform is
not only decentralized at a technical level but also with surefire strategy.
To achieve this, LocalCoin allows users to freely set their own smart contracts and exchange
digital assets on their terms in an open source, secure, fast and truly decentralized process
directly on the blockchain. Our goal is not to compete with other exchanges, but rather to start
from where their offerings end.
LocalCoin seeks to enable Investors to trade confidently and operate their own
platforms on LocalCoin at a reduced cost.

What makes LocalCoin different?
LocalCoin is owned and run by everyone. We built a decentralized community and technologies
that enable you to build a trustworthy reputation on your online journey. Besides meeting the
ideological criteria for a decentralized exchange, LocalCoin is user friendly, democratic and
rewarding.
Efficient and Speedy decentralized transaction processing
We utilize three types of transactions within the platform:

Local transaction between different accounts of the same cryptocurrency
Same protocol-based transaction created off the same protocol but between different
currencies.
Cross-chain transactions of different coins with different protocol
Multi-Purpose Super Wallet
LocalCoin utilize a super wallet that supports asset management, self-service transactions,
payment, secure chat, social media and more.
.
User Experience
Few things are more critical for widespread adoption than a successful user experience. As
mentioned earlier, an attractive and usable UI (User Interface) is often overlooked by the
majority of blockchain technology projects. In recognizing this, LocalCoin has entrusted its
frontend design to one of the best design company in the industry. Traders will be able to use
and experience a great, intuitive UI.
Democracy
A decentralized system must be responsive to the needs of a decentralized community without
surrendering the ideals of decentralization. To achieve this, LocalCoin uses a decentralized
governance voting system.
Network growth through rewards
While many U.S. consumers are shopping with their mobile phones1, few make mobile
payments. Deloitte’s “2016 Holiday Survey” found that only one in four mobile phone
users make mobile payments using a retailer app, and even fewer (13 percent) use mobile
wallets for in-store payments. However, according to Points’ “State of Mobile Wallet Loyalty
and Engagement in 2016” study, 94 percent of consumers would use mobile wallets more
frequently if they could earn and redeem loyalty.
Depending on their personal lifestyles and preferences, consumers participate in a variety
of loyalty programs offered by coffee shops, supermarkets, drug stores, hotels, airlines, and
other retailers. One study suggests that 72 percent of consumers participate in between one
and five loyalty programs. With multiple memberships, it can be difficult for customers to keep
track of the various rewards points, remember to bring membership cards and coupons to the
stores, or even recall that they are members of a particular loyalty program.
To help consumers manage their loyalty accounts more easily and boost customer engagement,
retailers are increasingly offering mobile apps with the ability to track and redeem points,
make mobile payments, receive location-based offers, and provide added convenience and
utility. Other features include the ability to add multiple retailers’ loyalty cards and keep track
of several rewards programs in one place.
LocalCoin has an advanced referral program built directly into its software. Financial networks
derive their value primarily from their network effect: more people on the same network
increases the value of that network for everyone. LocalCoin capitalizes on this by rewarding
those who sign up new users, and does so in a fully transparent and automated way.
**No More Addresses
**In LocalCoin, we have separated the permissions from the identity. Hence, as an exchange
you don’t need to ever deal with addresses again. In fact, you actually cannot possibly use
an address because they only define so called authorities that can control the funds (or the
account name). This should greatly simplify integration as you don’t need to store thousands
of addresses and their corresponding private keys.
Roadmap