LocalCoinSwap LocalCoinSwap (LCS)

Description:

LocalCoinSwap LCS is a decentralised marketplace which allows buyers and sellers to trade directly in any cryptocurrency using any method of payment. LocalCoinSwap provides a safe, uncomplicated and fast peer-to-peer P2P trading platform, allowing users to freely exchange without unnecessary verification requirements or waiting times. The platform utilises a secure escrow system that solves the inherent trust issues of online P2P trading.

Category: ❖Trading & Investing
Hype: Low
Rating: 4.0/10
Project Type: Token
Platform: Ethereum
Location: Hong Kong
Total Supply: 100,000,000
Soft Cap: 500,000 USD
Hard Cap: 20,000,000 USD
ICO Price: 1 LCS = 0.4 USD
Accepting Currency: ETH, BTC, USDT, BCH, XRP, USD,EUR, GBP, AUD, NZD, CAD & more
Restricted Countries: North Korea, Iran, Sudan, Syria
Fund Distribution:
  • The primary use of all funds raised from the crowdsale is to expand the features of the platform and support addition of new coins.
  • The exact allocation of funds between platform development, security and coin addition will depend on the amount of investment made. Primary consideration is always given to increases to security of the platform during budgeting considerations.
  • 30%: Allocated to increase the security of the platform. LocalCoinSwap offers trading in a large variety of digital assets.
  • To protect against all possible threats multiple layers of redundancy have been implemented in wallet systems, and security critical processes abstracted to separate servers.
  • A large allocation of crowdsale revenue towards security will provide users assurance that LocalCoinSwap is a safe platform on which to trade.
  • 30%: Allocated exclusively for the addition of new coins. LocalCoinSwap aims to provide the maximum diversity of trading options upon launch and will hire dedicated staff solely to investigate and implement new cryptocurrencies.
  • 20%: Used for further development and expansion of the platform. This will enhance scalability and the number of features which will be offered on initial launch.
  • 15%: For business development, marketing & advertising. LocalCoinSwap will implement broad marketing & advertising strategies to increase the user base of the platform upon launch.
  • These strategies are refined and focused campaigns based on the data and analytics gathered during the Cryptoshare issuance. 5%: Allocated for administration costs incurred during the final development of the platform.
Coin Distribution:
  • 70%: maximum allocation to investors through entire crowdsale with burn of unsold
  • 10%: allocated to a community venture fund, the use 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

Start Date

April 15th 2018 00:00 UTC

Days Hours Minutes Seconds

End Date

June 15th 2018 23:59 UTC

Days Hours Minutes Seconds

Team

Nathan Worsley

Chief Technical Officer

Thomas Underwood

Chief Financial Officer

Daniel Worsley

Chief of Operations

Aapeli Vuorinen

Lead Security Engineer

Advisers

George Kimionis

Mr. David S. LEE

Dr. Artem Sergeev

Frank Zhu

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