LocalCoinSwap - the next exchanges frontier. Review

Introduction

The problem that this project solves is unlikely to be understood by those who do not have a crypt. Why still no one can make a project that will replace all exchangers and make the input into the crypt of Fiat without a fee, well, or with a minimum Commission. And the conclusion, of course. There are probably some that are invisible to mere mortals, the problems. Whatever it is, the LocalCoinSwap command is going to do just that. On the ICO of this project and will be discussed below.

LocalCoinSwap reveals the power of blockchain technology and implements a new approach to traditional corporate ownership. With this technology, you can distribute the benefits of the platform among token holders as transparently as possible.

LocalCoinSwap is a distributed marketplace that allows sellers and buyers to trade directly with any mysterious abuse. Transactions are made using different payment methods. With this ecosystem, you can easily provide a secure, fast and simple p2p trading platform. This Platform allows users to freely encrypt and share without worrying about unnecessary wait times and verification requirements.

The most important part of the exchange is the escrow system. The LocalCoinSwap development team is well known for using a very reliable escrow system that solves the unique trust issues of online P2P transactions. In addition, this ecosystem will support various encryption methods.

With all these aspects in mind, this ecosystem turns out to be a catalyst for expanding existing markets for cryptographic traffic. The platform has appropriate processes, algorithms and technologies that eliminate barriers preventing new traders from entering the cryptographic trading market.

Problematics

Bans in China, hacking exchanges, interviews with Warren Buffett-all this news is oil in the fire when skeptics defend their opinions in the fight against new technologies. People's distrust of cryptocurrencies remains high, despite the real potential of Blockchain technology. In the crypt go either the most desperate or technologically advanced. Here they are then confronted by the barrier of the crypt entrance. Some even throw this venture halfway-so many different obstacles. And these problems are, what:

• it is unclear where to go and what to do. There is no simple and clear solution that will allow a beginner to buy the crypt. Type just choose the crypt, click " buy " and " voila!";
• high Commission exchangers. At this point, perhaps, the largest percentage of failed crypto-millionaires is eliminated. Sometimes people pay 50% Commission. What can't you do out of ignorance?... Especially when you really want to;
• fraud. Recently I read an article, as someone Gypsies sold a coin Bitcoin with Aliexpress, and for good money, by the way. And "the one who burned on milk, all life will now blow on the water", as the folk wisdom says;
• cryptocurrency bans in some countries. For example, in the US or a number of restrictions in China. Well, at least in Russia nothing has been banned. Spit over your shoulder, who reads these flows (and in the comments post).

These problems, of course, are not all. This is such a TOP 4. Please write in the comments if you forgot to write something.

The actual solution to the problems

This distributed cryptographic exchange has a clear goal to solve all the problems associated with centralized and quasi - distributed exchange. Some of these issues are listed below.

In most cases, centralized exchanges will limit the registration of new users. In addition, you may want to let the user revealed really intimate information associated with the ID before the transaction.

Most centralized cryptographic exchanges follow ambiguous rules based on the country of operation. 

All existing distributed encryption exchanges are not comprehensive, but fragmented.

 Decentralized transactions are particularly problematic for anyone dealing with less known currencies or digital currencies.

 Many exchanges force users to exchange all unknown crypto-coins for General encryption such as ETH and BTC. Then they can buy the mysterious breach they need. Also on today's exchanges, users cannot share profits.

Complex cryptographic exchange

This encryption exchange places emphasis on economic costs for all traders. The platform simplifies all peer-to-peer transactions. In other words, the trader does not have to pay the intermediary Commission. This cryptographic exchange supports more payment methods than other p2p cryptographic exchanges offered today.In General, this ecosystem is a real cryptographic exchange, which again introduces decentralization in the world of cryptographic transactions.

Distribution of the corporate model

LocalCoinSwap is the future of cryptographic exchange. This ecosystem relies on the development of a robust P2P exchange in line with a truly innovative distributed property model. Using this model, the Platform seeks to bridge the gap that exists between this exchange and its users. In a sense, this ecosystem is one of the pioneers in sharing the benefits of end-users and platforms.

Design feature

LocalCoinSwap decentralizes the most important part of the exchange - profit. Cryptoshare owners profit from all cryptograms traded on the stock exchange, the stream of income denominated in a portfolio of digital assets.

Developers will be guided by several principles to solve effective problems, in particular:

• The listing will include a huge number of tokens that are available today. The creators want to achieve 100% listing.
• The Principle Of Escrow. Escrow allows you to track payments between all traders of the platform. The scheme of work on the terms of smart contracts will be thought out.
• A multi-signature system will be introduced to confirm transactions.
• A separate structure will be introduced to deal with dispute resolution. The mediators will play the role of arbitrators on the problems encountered.
• All members of the ecosystem can leave open feedback on the work of each trader.
• Security. Almost 95% of all finances will be stored in the Deposit accounts of the crypto-coughs, thus, the full security of assets will be achieved.
• Simplified system of fees and commissions. There will be no complex schemes for commissions, it will be uniform and standard. Now the Commission is 1%.

Centralized exchange is subject to fuzzy rules based on the country in which they operate. The existing decentralized crypto exchange is highly fragmented and inclusive.The included decentralized exchange is problematic for those who have a less popular Fiat or cryptocurrency

Many users are forced to exchange their less well-known cryptocurrencies for more well-known cryptocurrencies (like BTC or ETH) before finally buying the cryptography they really want to buy.

Decision

LocalCoinSwap this market distributes income among users. They have all the ways of entering and withdrawing money and are very convenient and intuitive. Any beginner can use it to enter the crypt with a minimum Commission and nerves.

The work of the system is based on the principle of peer-to-peer P2P operations for rapid exchange of crypto resources without intermediaries. We will not go deeper into the nuances of the technology, as I pay attention to other signs of the success of the project. Better note the advantages of LocalCoinSwap over other exchangers:

• - ease of use. Super friendly and familiar to ordinary people interface;
• - minimum Commission input and input. From Fiat to crypto currency and Vice versa;
• - transparency of processes;
• - fraud protection;
• - access to services from any country. No additional fee;
• - quick and easy registration.

It seems that with this service, the exchangers do not begin a sweet life.

And another nice advantage is that for holding tokens in the wallet, users will be charged an additional fee. Which will be formed by two sources. First, it is the PoS algorithm. It is difficult to explain what it is, who does not know. And secondly, income from operations, deposits and withdrawal of funds will be allocated among holders of the crypto system. That is, it turns out that it is also the most profitable exchanger, which, in fact, also pays customers. This is the only exchanger that distributes profits among its users!

In August of this year, it is planned to launch a wide service. And now the system starts working in test mode. For those who will start using the LocalCoinSwap service now, the system provides additional bonuses.

LocalCoinSwap Command

This ecosystem is managed by a leading security engineer, hacker, analyst, Aapeli Vuorinen. He has more than 10 years of experience. Besides it, the team includes other Fintech and blockchain experts who are keen to make sure that decentralization remains at the heart of this cryptographic exchange.

Road map

December 2015-February 2018. Registration of company, creation of a working group of SEO as well as creating your own crypto currency exchange, the development of the concept, the launch of a WhitePaper, a pre-ICO.

March 2018-pre-sale.

April 2018 – creation of own algorithm of cryptococci.

May 2018 – Appendix at the leading exchanges of cryptotrading.

June 2018 - early access to the platform for crypto investors.

July 2018 -  the first voting among owners of crypto-actions.

August 2018 - the launch of crypto-exchange.

September-October 2018 - testing and subsequent API launch.

January 2019 - launch of the crypto-exchange mobile software.

February 2019 - payment of the first dividends on cryptocurrencies.

In the end

To sum up, I want to say that the project LocalCoinSwap made a stunning impression on me. You can see that the developers of the project really live with the idea that their project will be successful. The developers LocalCoinSwap is the people to whom I would develop the maximum confidence. And I am sure that this project will achieve great success. In LocalCoinSwap, so to speak, everything is perfect. The development team consists of brilliant people and professionals. The team of advisors consists of well-known and very successful people in the field of blockchain and cryptocurrencies. 

The site of the project is made great, its design is simply amazing. When it's all quite simple and clear, there is nothing superfluous that could bring down a potential investor. Going to the site of the project LocalCoinSwap on it you want to stay as long as possible. This desire does not always arise. Many other ICO projects repel from themselves only by the appearance of the site. The project, in turn, only attracts with its appearance. And this deserves great praise and respect.

For further information visit:

Website : https://www.localcoinswap.com/
Whitepaper link: https://www.localcoinswap.com/LocalCoinSwap_whitepaper_v1.0.pdf
Reddit page (subreddit): https://www.reddit.com/r/Localcoinswap/
Twitter official profile: https://twitter.com/Localcoinswap_
Facebook official page: https://www.facebook.com/localcoinswap/
Linkedin official profile: https://www.linkedin.com/company/11448963/
Telegram official chat room link: https://t.me/localcoinswap
Medium official page: https://medium.com/localcoinswap
BitcoinTalk announcement link: https://bitcointalk.org/index.php?topic=2916403.msg30006105#msg30006105
BitcoinTalk bounty announcement link: https://bitcointalk.org/index.php?topic=3009721.0
Instagram: https://www.instagram.com/localcoinswap/
Youtube channel link: https://www.youtube.com/channel/UCfUR13Y6dzv84EPG9uY1BUA
Email: team@localcoinswap.com