LocalCoinSwap 3.25/5 (1)

LocalCoinSwap

Cryptocurrency exchange platform
LocalCoinSwap is building a P2P cryptocurrency exchange and launching an associated Cryptoshare ICO. LocalCoinSwap will open with a minimum of the 10 most traded cryptocurrencies, expanding continuously to integrate more. The funds raised in the ICO are being used to increase the selection of currencies supported at launch. Cryptoshare holders receive free airdrops of new ICO tokens listed on the LocalCoinSwap platform, as well as special offers from companies trying to raise pre-ICO funding.


3.3

HypeSecurityTeamVision
2.03.04.04.0



STATUS: Ended
TokenLCS
Price in ICO1 ETH = 2500 LCS
CountryHong Kong SAR China
preICO start15 Mar 2018
preICO end31 Mar 2018
ICO start15 Apr 2018
ICO end15 Jun 2018


  • ABOUT
  • TEAM
  • MILESTONE
  • FINANCIAL
  • SECURITY
  • MEDIA

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

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
ADVISOR
David S. Lee
Legal Advisor
Dr. Artem Sergeev
Legal Advisor
Frank Zhu
Legal Advisor

Milestones


  • Company Incorporation

  • Initial team members establised

  • Concept development

  • Development on exchange begins

  • Official whitepaper launch
    Pre-lCO

  • Presale

  • ICO

  • Submission for exchange listing

  • Early access to platform

  • First Cryptoshare holder vote

  • Launch date for exchange

  • Integrated REST API

  • Mobile trading application

  • Start of dividend distributions

Financial

Token
PlatformEthereum
Price in ICO1 ETH = 2500 LCS
Investment Info
AcceptingETH, BTC, USDT, BCH, XRP, USD, EUR, GBP, AUD, NZD, CAD & MORE
Tokens Distribution70% - Crowdsale
10% - Community venture fund
10% - Development team
5% - Bounty
5% - Rewards for users who increase security of the platform
Soft cap500,000 USD
Hard cap20,000,000 USD

Security

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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