LocalCoinSwap(LCS) is a P2P trading platform which offers diverse cryptocurrency options for trading with a promise of giving back 100% of the platform’s profit to the users. The ecosystem is operated through a democratic process where all the buyers and the sellers vote for any changes and upgradation in the program thus giving more than normal control to the users. The features do not end here. There are dozens of fiat currencies through which you can trade including the less-known Indian rupee.
Providing options to the traders where crypto-trading is banned:
LCS is an innovative and inclusive ecosystem which provides solutions to the traders who are facing entry-barriers because of strict regulations of their country or their respective financial institutions. This is a big advantage because countries like China are moving to other territories to do trading because of the harsh treatment of their governments. Even India’s central bank has recently banned crypto transactions and ordered the banks to end their relationship with the exchanges dealing with digital currencies.
Why should you join LCS trading platform?
We will only switch to another option if we are unsatisfied with the current one. Similarly, LCS has given strong reasons to the traders to join the inclusive platform. It has rightly answered the inefficiencies of the currently operating platforms. Traders have to go through unnecessary verification and security checks to enter the market through our current exchanges. There are long waiting times and security risks which make the traders to think twice before start trading. It has also eliminated the use of unethical trading practices like insider trading, deceptive pricing and front running. Thus providing a level playing field to the users where no manipulation can take place and they can enjoy a fair-play.
A P2P system with an Escrow account:
In P2P transactions, both the parties are vulnerable to scam since there is no intermediately between them. An Escrow is an intermediary account which holds the money, document or asset transacted between the two primary parties and disburse them on meeting the set conditions. LCS uses Escrow feature which brings trust among the traders and they can carry out trades with anyone with a surety that their money will never be lost.
What is the future of LCS?
The crypto market is expanding at a rapid pace and businesses are adopting a blockchain model. Most of them are creating their native token for crowdfunding. LCS platform has initially offered 10 digital currencies and will increase with the development. There are dozens of traditional currencies supported on the platform as well. As we know that in a P2P exchange every trader is free to make transaction with anyone else on the platform, the program provides extra security to the users where they can confidently make trades. Furthermore, this platform will be adopted by the traders of the countries where crypto trading is facing hardships. With all this in mind, we foresee a bright and rewarding future of LCS. The crowdfunding is merely for the purpose of development of the platform.
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