LocalCoinSwap (LCS) is a decentralised marketplace which allows buyers and sellers to tradedirectly in any cryptocurrency using any method of payment. 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.
CODE TOKEN LCS
PRICE PER LCS0,0004 ETEREUM (ETH) (1 ETH = 2500 LCS)
MAXIMUM SUPPLY LCS100,000,000
AVAILABLE THROUGH PRE-ICO / PRESALE / ICO70.000.000
TOKEN FREEZE All not sold.
Ethereal (ETH), Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Dash (DASH) Dollar (ETC), US Dollar (USD) (AUD), New Zealand Dollar (NZD), Canadian Dollars (CAD) & more.
SOFTWARE 500,000 US Dollars (USD)
TRUE HARD TOP 20,000,000 US Dollars (USD) (remaining token destroyed)
BONUS STRUCTURE By community
TRANSPARENCY Open source (public GitHub)
Allocation of shares
Use of funds raised from Cryptoshare issuance
Used for further development and expansion of the platform. This will enhance scalability and the number of features which will be offered on initial launch.
Allocated to increase the security of the platform. LocalCoinSwap offers trading in a large variety of digital assets. To protect against all possible threats multiple layers of redundancy have been implemented in wallet systems, and security critical processes abstracted to separate servers. A large allocation of crowdsale revenue towards security will provide users assurance that LocalCoinSwap is a safe platform on which to trade.
BUSINESS DEVELOPMENT & MARKETING
For business development, marketing & advertising. LocalCoinSwap will implement broad marketing & advertising strategies to increase the user base of the platform upon launch. These strategies are refined and focused campaigns based on the data and analytics gathered during the Cryptoshare issuance.
Allocated exclusively for the addition of new coins. LocalCoinSwap aims to provide the maximum diversity of trading options upon launch and will hire dedicated staff solely to investigate and implement new cryptocurrencies.
Allocated for administration costs incurred during the final development of the platform.
2015 DECEMBER 2015 Company incorporation
2016 SEPTEMBER 2016 Initial team members established
2017 MARCH 2017 Concept development
AUGUST 2017 Development on exchange begins
2018 FEBRUARY 2018 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 platform
JULY 2018 First Cryptoshare holder vote
AUGUST 2018 Launch date for exchange
OCTOBER 2018 Integrated REST API
2019 JANUARY 2019 Mobile trading application
2019 FEBRUARY 2019 Start of dividend distributions
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