LocalCoinSwap-The Community-Owned P2P Exchange

INTRODUCTION

LocalCoinSwap is the world’s most inclusive exchange. There is no discrimination, instant signup, and no verification required. The trading interface is safe, easy, and fun.LocalCoinSwap features a completely distributed peer to peer trading system. There are no centralized bank accounts, no verification requirements, and no restrictions on trade.LocalCoinSwap will open with a minimum of the 10 most traded cryptocurrencies, expanding continuously to integrate more. The funds raised in the crowdsale are being used to increase the selection of currencies supported at launch.LocalCoinSwap distributes 100% of the sites profits to holders of Cryptoshares on a 1-to-1 basis, through a blockchain-based decentralized dividend application.

The Problem

Unfortunately the growth of the cryptocurrency economy has been fraught with friction from the banking system. Hostile regulatory environments and conservative institutions have closed the accounts of traders and exchanges en-masse, spread contention in the media, and forced the implementation of onerous verification procedures which have transgressed the privacy of the community.The rise of cryptocurrencies has created huge economic and investment opportunities. However, many people remain on the sidelines due to lack of patience or tech-savviness, inefficient and lengthy subscription processes, and security concerns. Opening up trading accounts on exchanges can be an especially difficult task for users. Many exchanges restrict the registration of new accounts or require users to expose themselves to identity fraud and theft by submitting pictures of their passports and personal documents online. Users are regularly asked to transfer funds overseas to companies in countries with no legal oversight.

The Solution

LocalCoinSwap represents a return to the most fundamental system of asset exchange without reliance on mainstream institutions – the P2P trade. By enabling P2P trading of all digital currencies LocalCoinSwap will put the market back into the hands of its users, allowing them to directly trade any cryptocurrency using any conceivable payment method in any geographical location. There is currently a gap in the cryptocurrency market creating an unserviced demand. Across community forums and social media sites in which traders participate, it is a common frustration that users are unable to quickly or easily purchase non-mainstream cryptocurrencies. Users also express repeated concerns about overseas banking transfers and onerous verification procedures.

LocalCoinSwap Token

Token code-LCS
Price per LCS-0.40 USD
LCS maximum total supply -100,000,000
Available through pre-ICO/presale/ICO70,000,000
Token freeze-20,000,000
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 .

Allocation of Cryptoshares:

-70%: maximum allocation to investors through entire crowdsale with burn of unsold;
-10%: allocated to a community venture fund, theuse of which is voted on by investors;
-10%: allocated to the development team (frozen by contract for 1 year);
-5%: allocated to bounty program for community engagement;
-5%: allocated to reward program for users who increase security of the platform.

The presale period will run with a bonus allocation of 40%. The presale will be closed immediately
if 10,000,000 Cryptoshares are distributed.

For more information about Ottpay company access the link whitepaper and LocalCoinSwap.