LocalCoinSwap is a new srartup, which tries to solve one of the most important problems in the cryptocurrency market: the inability to buy directly any coin or token from anyone.
In this process, it seeks to avoid centralized exchange markets and huge fees that can arise during transactions conducted on a third-party website.
Something new.
Its sound like something similar to LocalBitcoins, but it can be described as "LocalAnyCoin", because the previous one allows users to buy and sell only bitcoin with any possible payment method, including hand-to-hand.
For example, if you have some amount of ETH or XRP that you want to withdraw from the system, or you want to buy fot them IOTA, before it starts to grow, you will usually have to go through several stages and different websites and wallets before you will achieve your goal, result is almost up to 50% of your initial investment will be pay for fees.
With LocalCoinSwap you can easily find a match that wants to buy or sell exactly what you want to sell or buy.
Your trade will be conducted and executed on an LCS platform that uses a traditional escrow system where it stores coins that need to be exchanged, receives confirmation of payment from the other end, and then issues coins to the client. All this with fees ranging from 3% to 10%.
Local Coin Swap token LCS.
LocalCoinSwap has its own token, called LCS, which acts as an active cryptographic file. The platform wants to distribute literally 100% of the profits received by their exchange service p2p, corresponding to the shareholders.
Thus, as the platform grows and more will be made on it and become more significant and strong, your share gets, to a large extent, as a traditional joint-stock company.
LCS owners will additionally receive airframes of the new listed ICO tokens on the LocalCoinSwap platform. The total volume of LCS tokens is 100 million units, 70 million are distributed through their reusable stages for individual investors and will provide a negotiable supply, and 20 million tokens will be frozen for later use.
All unsold tokens will be burned to immediately benefit the early participants.
Only 10 million will be reserved for the platform work and constantly update their services.
$ 500.000 soft cap
$ 20.000.000 hard cap
The initial LCS price is set to 0.0004 ETH, which is 1 ETH, equal to 2500 LCS.
OpenSource code is available to everyone on GitHub.
Token distribution.
ICO stage.
About team.
LCS team, being younger, is highly qualified with strong professional experience.
Nathan Worsley, who holds a bachelor's and major economics degree, is the developer of a series of successful trading algorithms based on triangular arbitrage between crypto-currencies. Living in Hong Kong, founder of the company and is currently its technical director. He is also stands in Digital Assets Management Ltd and has an experienced in P2P large-scale trader at LocalBitcoins.com itself.
Thomas Underwood, the team's CFO, holds a bachelor's degree in commerce and a major in accounting and finance. He is an experienced financial analyst and business development manager, with roles in major Australian and international private companies, and an Australian regional manager for TradingView.com
The team includes international specialists specializing in financial services, pure mathematics, data analysis and informatics, as well as many experts in the blockchain.
The main advisors is Mr. David S. Lee with experience at Goldman Sachs, has several degrees in the law faculty of UCLA, the London School of Economics and Political Science, Harvard University and Brigham Young University.
Roadmap.
In conclusion.
The cryptocurrencie exchanges are indeed becoming a completely new hobby for the technological generation, and it will not be limited to the financial community alone. Platforms such as LocalCoinSwap will make it easier for everyone to access these new digital assets and at the same time provide their customers with the ability to directly tradei n real time. The cryptoshare model is a revolutionary approach to the distribution of tokens among shareholders.
