LocalCoinSwap – A Decentralized Market That Allows Buyers And Sellers To Use Cryptocurrency
LocalCoinSwap tries to reach with this ecosystem This platform brings the power of blockchain technology and implements a new approach to traditional enterprise owners with this technology, you can transparently distribute the benefits of the platform to the token holders.
LocalCoinSwap (LCS) is a decentralized market that allows buyers and sellers to use any payment method to trade directly in cryptocurrency. Provide a secure, simple and fast point-to-point (P2P) trading platform that allows users to exchange freely without unnecessary verification requirements or waiting times. This platform uses a secure hosting system to solve the trust issues inherent in online P2P transactions.
LocalCoinSwap is a distributed market that allows sellers and buyers to deal directly with any cryptic abuse Transactions are made using different payment methods with this ecosystem, you can easily and quickly deploy a secure, fast and easy P2P trading platformThis platform allows users to freely encrypt and exchange without having to worry about unnecessary delays and verification requirements.
The most important part of the exchange is the fiduciary system The LocalCoinSwap development team is aware that there is a very secure escrow system that takes into account all the unique trust issues that are common in online P2P transactions addition, this ecosystem supports various encryption methods.
Taking all these aspects into account, this ecosystem proves to be a catalyst for the development of existing cryptographic transport markets platform has appropriate processes, algorithms, and technologies that remove barriers that prevent new traders from entering the cryptographic transaction market.
The Innovation Innovation Of LocalCoinSwap
Gives each project the superiority over its competitors It’s the same as ICO Currently, large ICO lists include original projects such as Guardium, CryptoLoans, Ternio, BitCAD, Zupply Just like these, LocalCoinSwap is a cryptographic exchange that makes cryptocurrency trading easier, more decentralized and more efficient.
LocalCoinSwap LCS feature
The LocalCoinSwap platform emphasizes all of the following features Overall, developers have built platforms with three basic principles: they want the platform to be safe, easy, and fun.
- Some Coins Offered:
LocalCoinSwap has given great emphasis on adding many diverse coins to the platform They want to offer more pairs of coins than other decentralized exchanges.
- Escrow System:
LocalCoinSwap has an escrow system that acts as an intermediary between buyers and sellers When a trade begins between merchants, LocalCoinSwap takes a crypto part of the transaction while fiat currency payments are made directly from the buyer to the seller.
- After payment:
Is made, and the seller can verify fiat currency transactions have been received, crypto delivered to the buyer The escrow system will prevent user funds from being locked up during turbulent market times by issuing a deadline for each step of the contract process.
- Multi-Signature Support:
LocalCoinSwap will have multi-signature transaction options to improve security.
- Dispute resolution:
In the event of a dispute, the escrow release shall be suspended and supporting documentation requested from each party to mediate the settlement.
- User Input and Community Engagement:
LocalCoinSwap emphasizes an active community where users can easily send feedback to the platform.
LocalCoinSwap will have a full-time security team95% of the cryptocurrency deposit will be stored in the offline wallet to minimize the potential loss due to hacking.
- Simple Cost Structure:
LocalCoinSwap will charge on the basis of a comparable exchange, with the aim of matching or defeating the exchange This fee is currently set at 1%.
Comprehensive Cryptographic Exchange
- This encryption exchange focuses on the economic costs for all traders.
- The platform optimizes all peer-to-peer transactions, In other words, the dealer does not have to pay the agency fee.
- This cryptographic exchange supports more payment methods than other P2P encryption exchanges offered today.
- Overall, this ecosystem is a true cryptographic exchange that reintroduces decentralization in the world of cryptographic transactions.
Distributed Proprietary Model
LocalCoinSwap is the future of cryptographic exchange This ecosystem is based on the development of a robust P2P exchange for a truly innovative distributed ownership model With this model, the platform wants to close the gap between this exchange and its users In a sense, this ecosystem is one of the pioneers sharing the benefits of end users and platforms.
LocalCoinSwap has a stable trust system that acts as a trusted intermediary between the seller and the buyer Each time a transaction is executed, this platform occupies the encrypted portion of the transactionHowever, if traders exchange ordinary currencies, trading is done directly between the parties involved In the case of crypto transactions, when the payment is completed and the seller confirms the transaction in cash currency, the cipher is released to the buyer This escrow system is designed to prevent user funds from being blocked while the market is fluctuating.
Current Problem Solution Is Here
This distributed cryptographic exchange has a clear purpose to solve all the problems associated with central and quasi-distributed exchange Some of these problems are listed below :
In most cases, centralized exchanges will limit the registration of new users In addition, it may be necessary for the user to disclose truly intimate ID-related information prior to the transaction.
Most centralized cryptographic exchanges follow ambiguous rules based on the country of deployment.
All existing distributed cryptographic exchanges are not comprehensive but fragmented.
Distributed transactions are particularly problematic for anyone dealing with lesser-known currencies or digital currencies.
Many exchanges force users to exchange all unknown crypto-coins for general encryption such as ETH and BTCThen they can buy the cryptic wound they need.
Even today’s exchanges, users can not share profits.
The LocalCoinSwap ICO sales
Platform Token is known as LCS CryptosharesThe token owner can access the entire portfolio with just one asset, In addition, these token owners receive special voting rights on the platform By using a special voting mechanism, this cryptographic exchange takes over the most veritable version of peer decentralization.
- Ticker: LCS.
- Price: 1 LCS token = 0.0004 ETH (1 ETH = 2500 LCS token).
- Maximum supply of LCS: 100 million tokens.
- Pre-ICO / Presale / ICO: Available with 70,000,000 tokens.
- Freeze tokens: 20 million.
- Burn Tokens: All Sold.
- Payment Currency: BTC, ETH, BCH, XRP, USD, USD, EUR, GBP, CAD, NZD, AUD etc.
- Soft Cap: USD 500,000.
- Complete Hard Cap: USD 20,000,000 (all remaining tokens will be burned)
- 2015 DECEMBER Company incorporation
- 2016 SEPTEMBER Initial team members established
- 2017 MARCH Concept development
- AUGUST 2017 Development on exchange begins
- 2018 FEBRUARY Official whitepaper launch
- FEBRUARY 2018 (LATER ON) Pre-ICO
- MARCH 2018 Presale
- APRIL 2018 Cryptoshare ICO
- MAY 2018 Submission for exchange listings
- JUNE 2018 Early investor access to the platform
- JULY 2018 First Cryptoshare holder vote
- AUGUST 2018 Launch date for exchange
- OCTOBER 2018 Integrated REST API
- 2019 JANUARY Mobile trading application
- 2019 FEBRUARY Start of dividend distributions
This ecosystem is led by a senior security engineer, a white-hacker hacker, a data analyst and the full-stack developer Aapeli Vuorinen. He has over 10 years experience His team also includes other fintech experts and blockchain experts who are committed to ensuring that decentralization is at the heart of cryptographic exchanges.
Summary of LocalCoinSwap
This encryption ecosystem is revolutionizing the construction and management of exchangesIt’s very similar to innovative ICO projects like ArmPack, THEKEY, TrustaBit, MedTokens, Play 2 LiveThe ultimate goal of this exchange is not just centralization, but also the solution to all the problems faced by decentralized exchanges today.
To know the latest information about LocalCoinSwap project you can visit the link below:
Disclaimer: “I’m not a representative or a member of the LocalCoinSwap team, I just give you the latest ICO info”