LocalCoinSwap is building a P2P cryptocurrency exchange and launching an associated Cryptoshare ICO. LocalCoinSwap features a completely decentralized peer-to-peer trading structure. There are no centralized bank accounts, no verification requirements, and no restrictions on trade.
Dividend income stream “LocalCoinSwap decentralises 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.”
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.”
Cryptoshare holders run the exchange democratically in a proof-of-stake voting system “An open source democracy contract hosted on the blockchain publically tallies votes on user-submitted issues to decide the operation of the exchange.”
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 LocalCoinSwap platform or raise pre-ICO and presale funding. When new tokens are listed Cryptoshare holders receive an advance airdrop, as well as access to special offers on new listings.”
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Blockchain Consultant, Advisor, Consultant. European Commission - Horizon 2020 Rated on May 23, 2018
4
4
5
14%
A good project and one with a lot of potential, after all decentralised exchanges will always be in demand from cryptocurrency users. A good team are in charge of this as well.
Co-Founder & President at Koinsquare | Marketing Manager at AidCoin | Campaign Success Manager at 200 Crowd | Advisory Board Member Rated on May 9, 2018
4
5
5
9%
Personally I believe that the project could improve its industry market with the power of blockchain, let's see in the next future how it will be implemented.
Co-founder of GAINS Associates - ICO Advisor Rated on Feb 15, 2019 Modified on Apr 21, 2019
2
4
3
8%
LocalCoinSwap is fundamentally decentralized in that it also decentralizes some governance aspects. It embodies the original crypto spirit.
There isn't much information on their team. With the publicly available info, I can say it is decent but probably quite lean due to the bear market.
Their community is active and the team interacts on a daily basis and answers fast, which is good.
There is definitely a market for P2P trading and buying and selling crypto to people locally. Moreover, their fee structure is similar to what the big exchanges practice.
Their UI is pretty cool and easy to use.
So, they have the potential to become big. The question is always the same: will they be able to convince people to use their platform?
There are very few trades on the platform at the moment, roughly 2 weeks from their hard launch, planned for the end of February. I'm curious to see how many people they'll manage to attract.
I'm keeping an eye on what they're doing :)
Will they be the next KuCoin? After all, their ticker is only 1 letter away...
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