“Dedicated support team, integrated social media features”
“100% of profits distributed to users through the blockchain”
“Operated through voting in a proof-of-stake system”
“Instant signup, no verification, and no restrictions”
“Public financial announcements, open-source contract code”
“More cryptocurrencies than any other peer-to-peer exchange”
“Multi-signature transactions. 95% of funds in cold-storage”
“Dividend profits in multiple currencies. Airdrops of new ICO tokens”
|Price per LCS||0.0004 ETH (1 ETH = 2500 LCS)|
|LCS maximum total supply||100,000,000|
|Available through Pre-ICO/Presale/ICO||70,000,000|
|Token burn||All unsold|
|Payment currencies||ETH, BTC, USDT, BCH, XRP, USD, EUR, GBP, AUD, NZD, CAD & more|
|Soft cap||500,000 USD|
|Absolute hard cap||20,000,000 USD (remaining tokens destroyed)|
|Bonus structure||Community based|
|Transparency||Open source (public GitHub)|
Read the whitepaper for a comprehensive overview of the LocalCoinSwap project
Lead Security Engineer
Data analyst, white-hat hacker and full-stack developer. Over 10 years of experience in software development and systems administration. Exceptionally talented at understanding and utilizing network and software protocols.
Chief Financial Officer
Experienced business development manager and financial expert. Managing director of a successful private equity company with a diverse portfolio across several asset classes. Customer acquisitions regional manager at TradingView.com.
Chief Operating Officer
Experienced in business strategy, operations and quantitative analysis. Successful stock and commodities trader in several financial markets over the last 8 years. Advisor to a Hong Kong based investment firm. Passionate about decentralization and blockchain technologies.
David S. Lee
“David worked in investment management in Hong Kong and London before joining the University of Hong Kong. He started his career at Goldman Sachs and also has experience in law and in management consulting. David remains engaged in professional practice by working with companies and entrepreneurs, particularly in finance and technology. David is a lawyer and a CAIA (Chartered Alternative Investment Analyst) charterholder.”
ICO stands for Initial Coin Offering and is a mechanism for a company to issue a token in order to fund new ventures and services. ICO in many ways is a digital version of an IPO in the traditional stock market, but more accessible to everyday investors.
Presale refers to an initial period before the main fundraising period where a smaller amount of funds are raised at a discount. The LocalCoinSwap presale period is being utilized to develop a smaller initial following to use as a feedback and testing ground for community development and marketing during the ICO period.
Pre-ICO refers to a private sale of token units to investors in advance of the presale. This is usually used to raise early-stage funding for a venture, and generally involves a minimum investment level.
LocalCoinSwap will undergo a small round of pre-ICO funding with private participants prior to the presale. However, as stated in the whitepaper the maximum amount of units available for sale before the ICO is 10,000,000. Any units sold during pre-ICO will be subtracted from units available during presale, in order to ensure that the equity and profits of investors is not reduced. If you would like to participate in the LocalCoinSwap pre-ICO and become a early-stage community member, email us at: firstname.lastname@example.org
Early-stage investors are added to a private mailing list and contacted directly (if they wish) for feedback on LocalCoinSwap platform development prior to the main ICO.
While there are existing peer-to-peer markets the fundamental flaw in all of them is that they aim to become giant monopolies and make their creators wealthy. At LocalCoinSwap we do not believe that monopolies have any place in a fair and just digital economy. The LocalCoinSwap platform is designed to enrich the entire community rather than a small number of individuals.
LocalCoinSwap is the only marketplace which distributes 100% of its profits back to its community, and allows the community to vote democratically in its operation. It is a community-focused, and community-owned marketplace.
LocalCoinSwap is also the most financially transparent exchange on the market, with regular public announcements detailing exact revenue and expenses, all wages, and all forms of income. All contract code used by LocalCoinSwap is open source and publically viewable on our Github.
LocalCoinSwap supports the most diverse range of cryptocurrencies and payment methods out of any peer-to-peer exchange in existence. It is typical for other exchanges to only support a single currency or a small basket of the most popular currencies. LocalCoinSwap will cover the most extensive offering of cryptocurrencies and payment methods possible, with a development team after launch whose sole purpose is the implementation of new currencies.
LocalCoinSwap offers special support for ICO and new token projects, allowing them to launch on the platform or offer the user base special pre-ICO and presale deals to raise additional funding.
For a more detailed explanation of the benefits of the LocalCoinSwap platform please refer to the LocalCoinSwap whitepaper.
If you wish to buy or sell digital currency directly, LocalCoinSwap will cut out the frustrating process of buying an intermediary currency and paying associated fees.
If you are an investor, LocalCoinSwap will allow you to hold a single asset while receiving an entire portfolio of different forms of digital currency as regular dividend income. Additionally, you will receive airdrops of new tokens listed on the LocalCoinSwap exchange.
If you are a company or business venture, LocalCoinSwap will provide a platform on which you can raise funds by issuing a token or ICO.
If you are a member of the cryptocurrency community but don’t directly participate in the exchange, LocalCoinSwap will serve as a model for the fair and just operation of a Blockchain based company and inspire other companies to provide a similar level of community ownership.
Cryptoshare investors receive 5 key benefits:
Please refer to the whitepaper for further information on the benefits of Cryptoshares.
LocalCoinSwap is a community-focused exchange, and in keeping with this philosophy the Cryptoshare issuance incorporates a community-based bonus structure.
Bonuses are awarded to all existing investors as new investors arrive, so that everyone can share in the benefits of the growing community. At the same time additional bonuses are given to earlier stage investors. This provides benefits both to earlier investors but also to members who don’t manage to invest at the earliest stages.
Cryptoshares can be purchased for a variety of digital payment methods including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Dash (DASH), Ripple (XRP)
Additionally, fiat payment options using SWIFT bank transfer are available in a variety of currencies.
Just like the marketplace, the LocalCoinSwap crowdsale supports a diverse variety of payment methods.
After platform launch in August 2018 the LocalCoinSwap community will decide on the cost of listing new ICO’s. The fees will be paid as a distribution of tokens to Cryptoshare holders. For certain popular projects Cryptoshare holders may decide to list without a required fee.
For pre-ICO projects listing on the platform there are no fees, but it is required that a special bonus offer be available to Cryptoshare holders.
On a customer level LocalCoinSwap implements several forms of two-factor authentication (2FA) to protect customer accounts from being stolen by third parties. Customers may choose to activate more than one form of 2FA simultaneously. Types of 2FA offered by LocalCoinSwap include email, mobile phone, Google authenticator & PGP.
On a site-wide level LocalCoinSwap keeps 95% of funds in offline cold-wallet storage. All outgoing transactions from cold-wallets are manually authorised by our 24/7 support staff after verifying the integrity of the transaction. Additionally, the cold-wallet storage protocol in place utilizes a smart contract to place limits on the size of transactions support staff may engage in without additional verification from the company directors of LocalCoinSwap.
Only employees tasked with regulating the actual trade will have access to any trader data and only during the time period during which the trade is being carried out.
LocalCoinSwap takes the privacy of its customers seriously and employees dealing with the escrow process undertake a legally binding confidentiality agreement as part of their employment contract.
No. LocalCoinSwap will not willingly provide customer data to third parties under any circumstances.
Additionally, the internal systems of LocalCoinSwap utilize encryption to ensure that we only have access to banking and messaging information of our customers during the escrow process. After a transaction between traders is completed LocalCoinSwap no longer has the ability to access any communications between traders.
We are open to employing intelligent and motivated candidates who are passionate about the LocalCoinSwap platform. We do not discriminate on the basis of age, race, gender, sexual orientation or religion.
To apply please send an email to email@example.com with your resume attached.