LocalCoinSwap (LCS) is a decentralised marketplace which allows buyers and sellers to trade
directly in any cryptocurrency using any method of payment. LocalCoinSwap provides a safe,
uncomplicated and fast peer-to-peer (P2P) trading platform, allowing users to freely exchange
without unnecessary verifcation 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 profts made by the LocalCoinSwap
platform, in addition to all profts made by new business ventures under the LocalCoinSwap
umbrella. The platform implements a novel approach to traditional company ownership by utilising
blockchain technology to distribute the entirety of the site’s 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 proofof-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 inefciencies, security
risks, long wait times and unreasonable verifcation 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 profts 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.
LocalCoinSwap Competitive Advantages
There are many reasons why you should join LocalCoinSwap.
1.Decentralisation of ownership
Cryptoshares owners are valuable members of the LocalCoinSwap community. As such, they are entitled to provide input in all facets of site development, new business ventures, as well as having complete ownership of their respective share of profits. These voting rights include uses of the sites revenue. No significant new ventures will be undertaken without a vote amongst holders of the public issuance. All holders who wish to participate will vote in a proof-of-stake system handled by the issuance of a voting asset which can then be used in a public and transparent democracy contract. The democracy contract is open source and the outcome of votes publically tallied.
2.Transparency
LocalCoinSwap will provide an open and transparent exchange to its shareholders. The blockchain itself will provide an unforgeable record of all dividend payouts to Cryptoshare holders. LocalCoinSwap will have a continuous, transparent, and blockchain-based overview of all cryptocurrency revenues generated and to be distributed. Each monthly Cryptoshare holder announcement will detail developments of the exchange and issues which will be voted on by Cryptoshare holders before the next announcement. These issues will include new-venture projects, new coins added to the exchange, design considerations, and more. Cryptoshare holders may submit questions to be voted on through the platform’s integrated community forum.
3.Access To An Entire Portfolio From Holding A Single Asset
Cryptoshare holders receive profits in all of the cryptocurrencies traded on the exchange, an income stream denominated across an entire portfolio of digital assets.
4.Dividend Income Steam
Localcoinswap decentralizes the most crucial part of the exchange: the profits. Cryptoshare holders receive guaranteed rights to 100% of the profits from trades on the LocalCoinSwap exchange.
5.Cryptoshare Holders Run The Exchange Democratically In A Proof-Of-Stake Voting System.
An open source democracy contract hosted on the blockchain publicly tallies votes on user-submitted issues to decide the operation of the exchange.
6.Cryptoshare Holders Receive Airdrops Of New ICO Tokens Listed On The LocalCoinSwap Platform.
LocalCoinSwap provides a listing service for new ICO tokens to allow them to launch on the LocalCoinwap platform or raise pre-ICO and presale funding. When new tokens are listed Crytoshare holders receive an advance airdrop, as well as access to special offers on new listings.
PRESALE AND DISTRIBUTION OF FUNDS:
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.
The primary use of all funds raised from the crowdsale is to expand the features of the platform and support addition of new coins. The exact allocation of funds between platform development, security and coin addition will depend on the amount of investment made. Primary consideration is always given to increases to security of the platform during budgeting considerations.
30%: 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.
30%: 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.
20%: 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.
15%: 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.
5%: Allocated for administration costs incurred during the final development of the platform. Currencies offered as dividend payment.
LocalCoinSwap will launch with as many of the most traded cryptocurrencies as development time allows. The initial launch aims for a minimum of the leading 17 cryptocurrencies which are ETH, BTC, LTC, DASH, BCH, ETC, MONERO, RIPPLE, EOS, TRONIX, TETHER, VECHAIN, BINANCE, POWERLEDGER, DECISION TOKEN, GOLEM and WALTON. The platform will add new cryptocurrencies at a constant rate in order to encompass the majority of the cryptocurrency market.
LCS Cryptoshares will entitle users to a vote in the listing priority of new currencies through a direct democracy contract using their voting tokens.
LocalCoinSwap recognises that the cryptocurrency economy is a constantly changing environment with new assets emerging on a regular basis. By actively engaging with the holders of Cryptoshares, LocalCoinSwap will implement the coins which the community wishes to trade. All of these currencies will now be available as payment methods.
FOR MORE DETAILED INFORMATION ABOUT LOCALCOINSWAP, PLEASE VISIT THE FOLLOWING:
Website: https://www.localcoinswap.com
Whitepaper: https://www.localcoinswap.com/localcoinswap_whitepaper_v1.0.pdf
Facebook: https://m.facebook.com/localcoinswap/
Twitter: https://twitter.com/Localcoinswap_
Medium blog: https://medium.com/localcoinswap
BitcoinTalk: https://bitcointalk.org/index.php?topic=2916403.0
Linkedin: https://www.linkedin.com/company/localcoinswap/
Reddit link: https://www.reddit.com/r/Localcoinswap/
BitcoinTalk bounty thread:
https://bitcointalk.org/index.php?topic=3009721.0
Please direct all bounty enquiries to the bounty campaign manager @tokensfund