Foreword
Most of us, coming to the crypto-currency market, faced the problem of exchanging fiat funds in crypto currency. Most of the exchangers look unsafe, claim a large commission for their services or don’t have sufficient reserves for exchange. LocalcoinSwap is planning to solve these problem.
What is LocalcoinSwap?
LocalCoinSwap (LCS) is a decentralized market that allows buyers and sellers to trade without intermediaries in any crypto currency, using any form of payment. The platform, using P2p protocol and no any needs to undergo any checks or wait long. The platform uses a secure escrow system that solves existing problems of online P2P trading confidence. In the end, we get a fast, secure exchange without intermediaries, which we lack in the traditional market.
How it works?
Exchange:A person comes to the platform under his login and password. Finds the way he needs the exchange, transfers the funds and immediately after receiving the funds, the crypto currency is transferred to his account. The Localcoinswap platform guarantees the security of the transaction and acts as a guarantor.Dividends:You buy LCS tokens and keep them on your ERC20 wallet. The company works, people make exchanges, the project makes a profit. Every quarter, developers calculate the profit of the project and pay dividends to holders of LCS. The profit is paid in proportion to the number of tokens you have in your wallet. It’s very simple: keep tokens — make a profit.
In the end, we get a platform on which you can make a secure exchange and additionally earn simply by keeping their tokens on your wallet. The launch of the platform is planned in June 2018, and the official launch in August 2018.
Roadmap
Who developed LocalCoinSwap?
The development team has extensive experience in the field of crypto currency and blocking solutions. Among the team there are people who invested in bitcoins and ethereum in very early stages. Also behind the developers is a lot of successful projects and large, working companies. It is also worth mentioning the impressive list of advisers, among whom there is such a person as George Kimionis, who is the founder of Coinomi Wallet. A full list and description of the team here.
Token
LocalCoinSwap issues LCS token. All holders of LCS will receive a part of the profits from the platform and the possibility of reducing commission. Also, all the holders of the tokens will take part in the airdrops of the projects that will be on the platform. And thanks to the blockchain technology, the distribution of profit between the holders of the tokens will be transparent and without the possibility of deception.
ICO
The ICO is scheduled to begin on April 15,
2018Token Name: LCS
Blockchain: Ethereum
Total tokens: 100,000,000
Price of the token: 1 ETH = 2500 LCS
Accepted: Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Dash (DASH), Ethereum Classic (ETC) and Fiat
Soft cap: $ 500,000
Hard cap: $ 20,000,000
In conclusion
LocalCoinSwap is a very attractive project, and most importantly it is needed by the community. Judging by the team and advisers — ICO will be successful and the product will be implemented within the deadlines set. The only problem of the project is a powerful competitor in the form of Localbitcoin, but I think this market will have enough space for another player.
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