LocalCoinSwap — Overview ICO

LocalCoinSwap platform that is created as a decentralized market for direct P2P trading between the buyer and the seller of any cryptocurrency with a tolerance of any payment method.
The cryptocurrency market made a rapid jump of capitalization in 2017 (over 3000%), which resulted in the creation of many new markets. At the beginning of 2018 capitalization fell, but now she's again growing rapidly and users are once again increasingly believe in cryptocurrency, and all the more it is used. But, despite such development of cryptomeria, many interested people are not in it because of the problems that exchanges could create themselves. Of the key can be identified such as the possibility of insider trading, front running and price distortion estimates cryptocurrency. Also on different exchanges there are barriers to entry as too detailed KYC form, but there are risks at the expense of the security of transactions. Also, the platforms are often too high time pending and need a long time to wait until your transaction ends.

About The Platform:
On Tuesday and created LocalCoinSwap, which will be owned by kryptonitetm and where there is no centralized leadership. All exchanges will be done in the form of P2P, which will support a diverse selection of cryptainerle.
The platform will have their own Cryptoshares – digital asset, which will be used to facilitate the distribution of all profits generated by the platform. That is, almost all of the profits will be distributed between the subject, who invested in her and has her conditional shares. This is similar to the payment of dividends to holders of ordinary shares, but with bonuses growing market and blockchain technology.

Tokens of Company and their Sales:
Tokens platform, you can use to exchange for other crypto-currencies and token holders will receive dividends from the earnings of the platform. Just generated 100 million tokens, and 70 million will be sold during ICO, and 20 million will be frozen. To purchase tokens you can use a lot of different crypto-currencies, because the exchange will become the exchange of different crypto currencies. The minimum that is needed to run the platform – 500 thousand dollars, with a maximum of $ 20 million.

Distribution:
On account of the distribution of tokens we can say the following: 70 percent allocated for sale during the ICO, and 10 percent as a venture capital Fund, allocation of which will be made with the participation of the investor of the platform, 10 percent allocated to the team, 5 percent allocated for the bounty program, 5% for bonuses.

On account of the distribution of the funds collected the following can be said: 15 % is allocated to platform development as business and marketing, 20 percent on the development of the platform in technical terms, 30 percent to ensure maximum security and protection on the platform, 30% on adding new tokens to trade on the platform and 5 percent on administration platforms.

About the distribution of earnings of the platform: 80% will be paid in the form of dividends to investors, 9 percent will be paid for the administration of the platform 6% other costs and 5% for safety.

Roadmap:
On account of the plan and the history of the development of the project in December 2015 was born the idea of creating a platform and the founders started the company in September 2016, assembled a team in March 2017 has been developed the concept. In August started the development of all technical issues of an exchange. In February 2018 was created WhitePaper and running stage Pre-ICO. In March-April period of presales and core sales. And in may, the tokens will be listing on the stock exchange. In June will be early access to the platform and in July, the first vote of the investors of the platform. In August 2018 will be added to the data to make the first exchange and in October will be integrated the REST API, or in other words, there will be a full launch of the platform. In January 2019, will be launched an application for mobile devices and in February 2019 will be the first distribution of dividends.

In conclusion, I want to say that the creation of such a platform will draw on her many cryptoendoliths cryptomeria and newbies who want to take control of their actions and setting prices in their hands. P2P exchanges will allow you to get rid of many manipulations that are created by exchanges, and will deliver us from many of the entry barriers and work through a decentralized exchange. For more detailed information on the platform can read a Whitepaper. Expect a full launch of the project, good luck!

Links to the project:

Official website: https://www.localcoinswap.com/index.html

Twitter: https://twitter.com/Localcoinswap_

Facebook: https://www.facebook.com/localcoinswap/

Telegram: https://t.me/localcoinswap

Whitepaper: https://www.localcoinswap.com/LocalCoinSwap_whitepaper_v1.0.pdf