crypto: LOCALCOINSWAP

what is localcoinswap?

Localcoinswap is a decentralized peer-to-peer (P2P) exchange that allows users to directly negotiate cryptocurrency with any payment method. There is no identity verification procedure required for users when registering, in fact users will be able to access the platform quickly and start trading without restrictions.
A key feature is the fact that the benefits generated by the platform will be redistributed to the holders of the LCS Cryptoshares token.

Platform

The platform design follows three basic principles for each user: safe, easy, fun.

Security: Attention has been focused on intrusion detection mechanisms and critical component isolation.
Ease of use: it's important for the user to have a simple interface and use the necessary tools without too many annoying elements.
Fun experience: this team integrates several aspects related to social media within the site in addition to fundamental tools such as coins, interactive diagrams and charts, profile photos, badges associated with goal achievement.

Localcoinswap is set to offer trading on most of the outstanding crypto currency. The platform will begin to be registered in accordance with the development budget and will gradually add new ones.

The platform will serve as an escrow between two users. Escrow is an intermediary user between the seller and the buyer in which the goods are exchanged is kept until the terms of both parties are met. This means that when trading begins between two users, the platform will take part of the transaction, allowing users to exchange their assets without risk.

There will also be feedback from various users to maintain a trustworthy merchant community.

LocalCoinSwap will only charge commissions to those who have started the transaction, in addition there will be a "pro-trader" status for users who consistently engage in high volume trading, giving them "trusted" banners on their profiles. Tariffs for trading will be set for the purpose of matching or defeating tariffs offered by any competitor (currently 1%).

How LocalCoinSwap Works?

LocalCoinSwap will have a token sale for LCS Cryptoshares. In essence, LocalCoinSwap is a tokenizing platform, then sells tokens via ICO.

The whitepaper does not try to hide the fact that you are buying a common stock:

"The Cryptoshare LCS system employs blockchain technology to replicate traditional enterprise ownership through shares in a more secure and decentralized way.Similar to the issuance of common shares and profits distributed through dividends, LocalCoinSwap Cryptoshares issues that grant shareholders rights to ordinary interchangeable dividend tokens . "

The entire tokenization system is hosted on blockchain, giving users an auditable and unforgivable public book about the company's financial performance.

The LCS Cryptoshares system is scheduled to launch in August 2018.

When the system is launched, the token holder is entitled to a 100% guaranteed right of the total profits of the LocalCoinSwap exchange through the cryptocurrency dividend. The entire payment system is based on a transparent blockchain, letting you see exactly how the system breaks down.

As the holders of LCS tokens, you are also eligible to participate in the platform decision-making process.

Problem

In 2017, Crypto currency market capitalization increased by 3171%, but unfortunately this rate fell sharply, triggered by supporters of the banking system. Conservative institutions close merchant accounts and stock exchanges, spreading false data in mass media sources, inciting panic to markets, are also forced to perform burdensome verification procedures that violate confidential data throughout society. The advent of crypto-conversion has created tremendous economic and investment opportunities. But the vast majority of people are afraid to enter this market due to lack of patience or technology, long processes and problems with security. To open a trading account on a centralized exchange, one has to undergo many personality checks, which frighten the majority.

At the moment, it really does not have an integrated P2P market osnovonomist, which allows to trade with fiatnoy currency in many cryptocurrencies. For that it will buy one cryptocurrency, it is necessary to make some uncomfortable and unhelpful transactions (Example: what to buy Aion need to buy for Fiat Bitcoin, Bitcoin send to a certain exchange, and already there to buy this coin).

Another problem with centralized exchange is that they earn billions of dollars a day, but do not share with investors and users. The gigantic monopoly effect dominates the market cryptocurrency as opposed to the very basic inefficiencies of the global economy that blockchain technology has the ability to decide.

The solution

LocalCoinSwap is returning to the most basic asset exchange system without using basic institutions - P2P trading. By entering P2P trading from all digital currencies, LocalCoinSwap will return the market to its users, enabling them to directly trade any crypto currency using any payment method in any geographic location. Infrastructure LocalCoinSwap will cover the issue of concern about cross-border bank transfers and burdensome checks, by changing ownership of the exchange for users through the Cryptoshare system worldwide. LCS Cryptoshare uses blockchain technology to replicate traditional enterprise ownership through shares in a more secure and decentralized way. Like the issuance of common shares and earnings distributed through dividends, the LocalCoinSwap Cryptoshares Issue, which grants the right token of the regular exchange. Unlike traditional financial organizations, the LocalCoinSwap ownership and dividend structure is fully deployed in Blockchain, providing publicly and unexpectedly controlled public accounting reports of corporate financial indicators. LCS Cryptoshares allows all merchants in the exchange to gain ownership on the platforms where they trade. Despite the simple nature of this concept, LocalCoinSwap is the first exchange implementation in which earnings are distributed entirely through Cryptoshare's smart contract system. Unlike traditional financial organizations, the LocalCoinSwap ownership and dividend structure is fully deployed in Blockchain, providing publicly and unexpectedly controlled public accounting reports of corporate financial indicators. LCS Cryptoshares allows all merchants in the exchange to gain ownership on the platforms where they trade. Despite the simple nature of this concept, LocalCoinSwap is the first exchange implementation in which earnings are distributed entirely through Cryptoshare's smart contract system. Unlike traditional financial organizations, the LocalCoinSwap ownership and dividend structure is fully deployed in Blockchain, providing publicly and unexpectedly controlled public accounting reports of corporate financial indicators. LCS Cryptoshares allows all merchants in the exchange to gain ownership on the platforms where they trade. Despite the simple nature of this concept, LocalCoinSwap is the first exchange implementation in which earnings are distributed entirely through Cryptoshare's smart contract system.

LCS Cryptoshares

The LCS token is unlike most tokens released on ICO. Instead of a promise of possible future returns, Cryptoshares assures the right holder to receive 100% of the total profits from the exchange through cryptocurrency dividends.
In addition, the LCS token holders are also eligible to receive a new air token when the new ICO is registered with Localcoinswap.
Another feature is that tokens will also vote in some processes, such as a new token list or consideration of platform functionality.

What exchanges are there now?

Centralized exchange. All key decisions are made by one regulatory body (center) and all participants depend on this decision and can hardly ever influence them. Participants must keep their funds in the exchange wallet.
Decentralized Exchange. It does not have a single decision-making center on all issues, it provides all participants with the same conditions and platforms where they can trade directly with each other.

Benefits

Earnings in the form of dividends. Dividends are given to holders of exchange tokens.
Cryptoshare holders gain in all cryptocurrency traded on the stock exchange, streams of revenues in the currency through the entire asset portfolio.
The token holder and the user vote for the decision on the exchange
The token holder and user decide whether to accept it or another token on the exchange, once the exchange list receives a share of the new coin token.

Cryptoshare ICO Issuance

Crowdsale bonus structure

The presale period will run with a bonus allocation of 40%. The presale will be closed immediately if 10,000,000 Cryptoshares are distributed. During the crowdsale period funding milestones have been set at each $5,000,000 increment.

As each increment is reached all existing purchasers of the crowdsale event receive an additional 5% airdrop of Cryptoshares to be distributed once the crowdsale closes. These airdrops are also distributed to presale purchasers, but not to Cryptoshares held by the development team, security/bounty fund & new venture fund.

$5,000,000 of funding reached: All existing Cryptoshare crowdsale investors receive 5%

additional Cryptoshares.

$10,000,000 of funding reached: All existing Cryptoshare crowdsale investors receive

5% additional Cryptoshares.

$15,000,000 of funding reached: All existing Cryptoshare crowdsale investors receive

5% additional Cryptoshares.

$20,000,000 of funding reached: All existing Cryptoshare crowdsale investors receive 5% additional Cryptoshares. Residual tokens are then destroyed to increase total value to all investors.