• Cryptocurrency
  • Exchange
  • Platform
  • Trading

LocalCoinSwap 3.25/5 (1) - Cryptocurrency exchange platform

LocalCoinSwap (LCS) is a decentralised marketplace which allows buyers and sellers to trade directly in any cryptocurrency using any method of payment. LocalCoinSwap provides a safe, uncomplicated and fast peer-to-peer (P2P) trading platform, allowing users to freely exchange without unnecessary verification requirements or waiting times. The platform utilises a secure escrow system that solves the inherent trust issues of online P2P trading. LocalCoinSwap is holding a crowdsale event of LCS Cryptoshares. Cryptoshares are a digital asset which will be used to facilitate distribution of all profits made by the LocalCoinSwap platform, in addition to all profits made by new business...

Token sale ended

3.3
Hype2.0
Security3.0
Team4.0
Vision4.0
  • Token: LCS
  • Price: 1 ETH = 2500 LCS
  • PreICO start: 15 Mar 2018
  • PreICO end: 31 Mar 2018
  • ICO start: 15 Apr 2018
  • ICO end: 15 Jun 2018
  • Country: Hong Kong SAR China
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LocalCoinSwap (LCS) is a decentralised marketplace which allows buyers and sellers to trade directly in any cryptocurrency using any method of payment. LocalCoinSwap provides a safe, uncomplicated and fast peer-to-peer (P2P) trading platform, allowing users to freely exchange without unnecessary verification requirements or waiting times. The platform utilises a secure escrow system that solves the inherent trust issues of online P2P trading.

LocalCoinSwap is holding a crowdsale event of LCS Cryptoshares. Cryptoshares are a digital asset which will be used to facilitate distribution of all profits made by the LocalCoinSwap platform, in addition to all profits made by new business ventures under the LocalCoinSwap umbrella. Cryptoshare holders will additionally receive airdrops of new ICO tokens listed on the LocalCoinSwap platform.

The platform implements a novel approach to traditional company ownership by utilising blockchain technology to distribute the entirety of the sites profits to holders of LCS Cryptoshares. This asset entitles investors to regular dividend payments denominated in all of the currencies traded on the platform. Holders of the Cryptoshare may also participate in the long run vision and decision making of the company itself through democratic voting in a proof-of-stake system. This replicates the dividend payments and shareholder voting of traditional companies, with the
added benefits of blockchain technology and decentralisation.

Funds raised from this crowdsale event will be used to expand and speed up the development of the LocalCoinSwap platform and increase the number of cryptocurrencies which the platform is able to support on release. Centralised cryptocurrency exchanges in their current form are fraught with inefficiencies, security risks, long wait times and unreasonable verification requirements. This results in high barriers to entry for a huge number of potential users. Commonplace also are unethical business practices including insider trading, front running, and deceptive pricing.

As long as these problems exist, there will always be a demand for P2P marketplaces. P2P marketplaces provide direct access between buyers and sellers, which represents the truest form of free market trading.

The future of the digital currency ecosystem relies on the development of a robust P2P exchange which supports a diverse choice of cryptocurrencies. The innovative distributed ownership model offered by LCS Cryptoshares will bridge this gap in the market, while delivering the profits of the platform back into the hands of its users. In addition, LocalCoinSwap will be the catalyst for expansion of the cryptocurrency market by enabling new users through the elimination of all barriers to entry.

Team

Aapeli Vuorinen

Lead Security Engineer

Nathan Worsley

Chief Technical Officer

Thomas Underwood

Chief Financial Officer

Valéri Natanelov

Chief Marketing Officer

Daniel Worsley

Chief Operating Officer

Kevin Sparks

Lead Developer

Taylor Scheel

Blockchain Developer

Advisors

David S. Lee

Legal Advisor

Dr. Artem Sergeev

Legal Advisor

Frank Zhu

Legal Advisor

Milestones

  • December 2015
    Company Incorporation
  • September 2016
    Initial team members establised
  • March 2017
    Concept development
  • August 2017
    Development on exchange begins
  • February 2018
    Official whitepaper launch Pre-lCO
  • March 2018
    Presale
  • April 2018
    ICO
  • May 2018
    Submission for exchange listing
  • June 2018
    Early access to platform
  • July 2018
    First Cryptoshare holder vote
  • August 2018
    Launch date for exchange
  • October 2018
    Integrated REST API
  • January 2019
    Mobile trading application
  • February 2019
    Start of dividend distributions

Token

  • Platform: Ethereum
  • Price: 1 ETH = 2500 LCS
  • Accepting: ETH, BTC, USDT, BCH, XRP, USD, EUR, GBP, AUD, NZD, CAD & MORE
  • Token distribution: 70% - Crowdsale 10% - Community venture fund 10% - Development team 5% - Bounty 5% - Rewards for users who increase security of the platform
  • Soft cap: 500,000 USD
  • Hard cap: 20,000,000 USD

Proof Points
3/5

Legal entity

Registration Address: Hong Kong

https://opencorporates.com/companies/hk/2314207

Prehistory of project

No history of Digital Assets Management LTD activities were found

Product or its MVP

According to the information from developers, product 70% complete.

Early access to platform is planned for June 2018.

Release date August 2018.

Blockchain experience

Valéri Natanelov – Expert at RocketICO
Advisor at Obizcoin and APPOS token

Escrow

No external escrow information were found

Comments

Update: 18.02.2018

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