LocalCoinSwap the next exchanges frontier

Local Coin Swap is a democratic project that wants break cryptocurrency monopoly of giant exchanges and that aims to be accepted by all local law restrictions, basing its working on a peer-to-peer exchange. Local Coin Swap is totally owned by the community and therefore distributes the 100% of fees in dividends to token holders.

PLATFORM

Using platform every trader can purchase directly cryptocurrencies without any verification. The platform is trustless because, while the transactions are P2P, LocalCoinSwap assure parties working like an escrow.

Indeed, the cryptocurrency is released once the payment arrives. Therefore, LocalCoinSwap platform validates instantly every transaction.

INVESTMENT

How do LocalCoinSwap tokens work? Tokens to release during ICO, called Cryptoshares (LCS), give rights to receive dividends on fee collected. During every transaction, there is a fee to pay covering escrow service. These fees are paid in cryptocurrency traded.

100% of fees are distributed like dividends every quarter, without a difference on the amount held. During ICO launch listing, furthermore, holders are going to receive some tokens like a bonus.

How everyone can understand, LocalCoinSwap exchange will be the most inclusive exchange, complete transparent because with open source contract code, very secure because escrow system counts on 95% of funds in cold-storage and based on dividends system that valorizes ICO starting investment.

ROADMAP

The roadmap is well defined and very challenging for the team that will launch the platform in June 2018 and in July 2018 will be completed the voting system of holders. In August the team will define the date of exchanges launching and in October 2018 all API will be integrated.

Finally, in early 2019 the team will post the official smartphone trading app and in February 2019 token holders will receive first dividends.

ICO Structure

Price Per LCS: 0.0004 Ethereum (ETH) (1 ETH = 2500 LCS);

LCS Maximum Total Supply: 100,000,000;

Available Through Pre-ICO/Presale/ICO: 70,000,000;

Token Freeze: All unsold;

Payment Currencies accepted: Ethereum (ETH), Bitcoin (BTC/XBT), Tether (USDT), Bitcoin Cash (BCH), Ripple (XRP), US Dollar (USD), Euro (EUR), British Pound (GBP), Australian Dollar (AUD), New Zealand Dollar (NZD), Canadian Dollar (CAD) & more;

Soft Cap: 500,000 US Dollar (USD)

Absolute Hard Cap: 20,000,000 US Dollar (USD) (remaining tokens destroyed) [Very Low!];

Bonus Structure: Community based;

Transparency: Open source (public GitHub);

Use of funds to gather:

Public Crowdsale: 70% maximum allocation to investors through entire crowdsale with the burn of unsold;

Community Venture Fund: 10% allocated to a community venture fund, the use of which is voted on by investors;

Development Team: 10% allocated to the development team (frozen by contract for 1 year);

Bounty Program: 5% allocated to bounty program for community engagement;

Security Bonus: 5% allocated to reward program for users who increase the security of the platform.

The ICO participation system is very interesting. Indeed, participating in presale (in March - hard cap of 10 million $), investors will receive 40% of discount. Furthermore, who participate in ICO (in April) will receive a discount in tokens to receive of 5% every 5 million $ collected until the hard cap of 20 million $.

TEAM

Looking to team curricula is evident the big knowledge of crypto world and of development strategies. Advisors are of high level and assure the success of the project.

SMART INVESTMENT ANALYSIS

ICOBench and NewsBTC, website ICO rating, have already valued the project with the scores of 3.9 / 5 and 3.3 / 5 by respectively.

Considering other project on the market, like Kucoin (337 million $ of capitalization) and Coss (36 million $ of capitalization), both exchanges that offer dividends to their token holders, and taking into account the low value of hard cap (20 million $), I feel comfortable to assign an ICO investment score of 5/5.

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Disclaimer:

this is my personal article within my personal opinions so please don’t consider it as a financial advice.

For further information visit:

Website : https://www.localcoinswap.com/

Whitepaper link: https://www.localcoinswap.com/LocalCoinSwap_whitepaper_v1.0.pdf

Reddit page (subreddit): https://www.reddit.com/r/Localcoinswap/

Twitter official profile: https://twitter.com/Localcoinswap_

Facebook official page: https://www.facebook.com/localcoinswap/

Linkedin official profile: https://www.linkedin.com/company/11448963/

Telegram official chat room link: https://t.me/localcoinswap

Medium official page: https://medium.com/localcoinswap