LocalCoinSwap platform
OVERVIEW OF THE PROBLEM
Unfortunately, the economic growth of the crypto currency was full of friction on the part of the banking system. The hostile regulatory environment and conservative institutions closed traders' accounts and exchanged in bulk, disseminated opinions from the media and imposed strict scrutiny procedures that violated the confidentiality of the public. The emergence of cryptography in the future created huge economic and investment opportunities. However, many people remain aloof because of a lack of patience, inefficient and lengthy subscription process and security problems. Opening a trading account in exchange can be a very difficult task for the user. Many exchanges limit the registration of new accounts or require that users expose themselves to fraud with identification and theft, sending their photos on the passport and personal documents on the Internet. Users of this platform are regularly asked to transfer funds abroad to companies in countries that do not have legal supervision. This problem really causes many concerns when team members are hoping to find a solution.
LOCALCOINSWAP SOLUTIONS FOR PROBLEMS
The digital ecosystem is here to stay, and the main economy begins to embrace the idea of unlimited decentralization and trade. The LocalCoinSwap platform represents a return to the most basic asset exchange system without using the basic institutions - P2P trading. By allowing P2P trading of all digital currencies, the LocalCoinSwap platform will return the market to its users, allowing them to directly purchase cryptography through any form of payment that can exist in any geographic location. The gap in the crypto-currency market was created, but the LocalCoinSwap infrastructure will close this gap in the market not only by offering P2P exchanges for all crypts in critical situations, but also for marking ownership of the exchange itself. in the hands of its users through the world's first Cryptoshare system. The LCS Cryptoshare system uses blockchain technology to replicate traditional corporate ownership through shares in a more secure and decentralized way. This allows all traders in the warehouse to acquire ownership of the platform on which they trade. Regardless of the concept concept, LocalCoinSwap is the first implementation of the exchange, where the profit is distributed completely through the intellectual contract system Cryptoshare with the initial launch scheduled for August 2018.
Cryptoshares LocalCoinSwap
We need to know that LCS Cryptoshares do not look like traditional ICO tokens. Instead of a false promise of a future profit or an idealistic vision that can never be a product, crypto-sharers provide the holder the right to guarantee 100% of the total profit from the Localcoinswap exchange through the dividend of the cryptosystem. The advantages of Cryptocurrency are paid to shareholders in the same cryptor they create, so investors can receive regular revenue streams from the portfolio. By holding one Cryptoshare asset, investors have the right to a variety of cryptococcal benefits in the entire spectrum of the digital economy. Shareholders of cryptoshareholders also have the right to receive new evidence of the offer when ICO is registered on the LocalCoinSwap platform.
SETTLEMENT OF CORPORATE ISSUES
Technical information
All digital assets issued by LocalCoinSwap will be ERC20 compliant and will include other core standards where possible. This will allow the assets received from LocalCoinSwap to broadcast as many etereum purse programs as possible and available through various secondary exchanges.
All reasonable efforts will be made to comply with industry standards, where possible, when developing intellectual contracts. This includes independent audits, if necessary to improve security. The contracts used by LocalCoinSwap in Cryptoshare publications, dividend tokens and poll tokens are open source, and all codes are available for viewing in LocalCoinSwap Github.
The contract development process is modulated where technically possible with white boxes and extensive black box testing of all individual units in a private test network before public deployment. Since the security of the financial system is critical to the company, all code additions are independently verified by all technical members of the development team.
By 2017, LocalBitcoins.com accounts for only a small portion of the total number of Bitcoins sold, although it generates an average revenue of over $ 800,000 per week. This percentage is used in the following calculations to estimate the P2P trading scale in the top ten most popular cryptograms. Forecasting of revenues is made using the assumption that LocalCoinSwap is capable of capturing:
• 20% of the market share of LocalBitcoins.com for 5 years (starting from 5% in the first year and increasing at the linear level).
• 20% of the total P2P trade in ET.
• 50% of P2P trading for the 8 most popular cryptograms in the future. This market does not contain
main competitor for LocalCoinSwap
To make the estimate more conservative, the average monthly growth rate for each krypton in 2017 is used as the growth rate for each subsequent year. This is due to the recent exponential slowdown in growth.
Cryptoshares Local CoinSwap
We need to know that LCS Cryptoshares do not look like traditional ICO tokens. Instead of a false promise of a future profit or an idealistic vision that can never be a product, crypto-sharers provide the holder the right to guarantee 100% of the total profit from the Localcoinswap exchange through the dividend of the cryptosystem. The advantages of Cryptocurrency are paid to shareholders in the same cryptor they create, so investors can receive regular revenue streams from the portfolio. By holding one Cryptoshare asset, investors have the right to a variety of cryptococcal benefits in the entire spectrum of the digital economy. Shareholders of cryptoshareholders also have the right to receive new evidence of the offer when ICO is registered on the LocalCoinSwap platform.
SETTLEMENT OF CORPORATE ISSA
Information on accommodation
100,000,000: The total stock of Cryptoshares is printed prior to pre-sale preparation. The contract for Cryptoshare blocks this limit as unchanged, so Cryptoshares can not be created. This limit is chosen to provide a higher future value for individual cryptoeshares. This contract is open source and is available publicly in the GITAB LocalCoinSwap repository.
70 000 000: issuance of maximum Cryptoshares for the period to ICO, pre-sale and ICO. At the end of the volume period, all unsold cryptoshots from this publishing partition were destroyed to increase the residual value of Cryptoshares.
10.000.000: Reserved for special community funds. Cryptoshares and corresponding dividends are frozen for 1 year. After the holders of LCS Cryptoshare freezers froze the use of these funds and dividends for corporate development purposes. Employees do not have the right to choose the use of these funds. These tools provide incentives for crypto-sharers to participate in aspects of the platform community.
10 000 000: reserved for the same division between major groups of developers. These cryptshores are frozen for 1 year to encourage employees to increase their value.
5.000.000: allocated for the protection program. This will improve the security of the platform, providing incentives for criminals to report the exploits they found, and not use them.
5.000.000: This is reserved for the bonus program. This program will help promote and market users of the platform. These awards will be paid for services such as translation, content creation and brand development.
Crowdsale bonus structure
The pre-sale period will be performed with a bonus distribution of 40%. The presentation will soon be closed if 10,000,000 cryptoscripts are distributed. During the history of the history of the people's assemblies it was established with each increase of 5,000,000 dollars. As each gain is achieved, all existing buyers of events in the form of dolls receive an additional 5% air-gap cryptoeschars that will be distributed after the foldsal is closed. Airdrop also applies to pre-sale buyers, but not to Cryptoshares, organized by a development team, a new fund / foundation fund and fund.
5 million US dollars. ACHIEVEMENT: All existing investors in the attic of Cryptoshare receive additional Cryptoshares 5%.
$ 10 million DENMARK REACHED: All existing investors in the attic of Cryptoshare receive an additional 5% of cryptoshars.
15 million US dollars. ACHIEVEMENT: All existing investors in the attic of Cryptoshare receive additional Cryptoshares 5%.
20 million US dollars. ACHIEVEMENT: All existing investors in the attic of Cryptoshare receive an additional 5% of Cryptoshares. Then the remaining token is destroyed in order to increase the total cost for all investors.
END OF CONNECTION: Preazel: 40%
END OF STAGE 1. General Bonus: Presentation: 45% Stage 1: 5%
END OF STAGE 2 Bonus received: Pre-sale: 50% Stage 1: 10% Stage 2: 5%
END OF STAGE 3 Bonus received: Pre-sale: 55% Stage 1: 15% Stage 2: 10% Stage 3: 5%
END OF STAGE 4 Bonus received: Pre-sale: 60% Stage 1: 20% Stage 2: 15% Stage 3: 10% Stage 4: 5%
The percentage of the trading income is taken when the value is calculated in accordance with the tariffs offered by LocalBitcoins.com and LocalEthereum.com (1% at the time of writing). This calculation is considered a convergence of a good scenario in which the exchange manages to seize a significant market share and should not be regarded as fact. Attempts were made to make conservative figures, but it is impossible to predict the future in a volatile and new market.
100,000,000: The total stock of Cryptoshares is printed prior to pre-sale preparation. The contract for Cryptoshare blocks this limit as unchanged, so Cryptoshares can not be created. This limit is chosen to provide a higher future value for individual cryptoeshares. This contract is open source and is available publicly in the GITAB LocalCoinSwap repository.
70 000 000: issuance of maximum Cryptoshares for the period to ICO, pre-sale and ICO. At the end of the volume period, all unsold cryptoshots from this publishing partition were destroyed to increase the residual value of Cryptoshares.
10.000.000: Reserved for special community funds. Cryptoshares and corresponding dividends are frozen for 1 year. After the holders of LCS Cryptoshare freezers froze the use of these funds and dividends for corporate development purposes. Employees do not have the right to choose the use of these funds. These tools provide incentives for crypto-sharers to participate in aspects of the platform community.
10 000 000: reserved for the same division between major groups of developers. These cryptshores are frozen for 1 year to encourage employees to increase their value.
5.000.000: allocated for the protection program. This will improve the security of the platform, providing incentives for criminals to report the exploits they found, and not use them.
5.000.000: This is reserved for the bonus program. This program will help promote and market users of the platform. These awards will be paid for services such as translation, content creation and brand development.
Crowdsale bonus structure
The pre-sale period will be performed with a bonus distribution of 40%. The presentation will soon be closed if 10,000,000 cryptoscripts are distributed. During the history of the history of the people's assemblies it was established with each increase of 5,000,000 dollars. As each gain is achieved, all existing buyers of events in the form of dolls receive an additional 5% air-gap cryptoeschars that will be distributed after the foldsal is closed. Airdrop also applies to pre-sale buyers, but not to Cryptoshares, organized by a development team, a new fund / foundation fund and fund.
5 million US dollars. ACHIEVEMENT: All existing investors in the attic of Cryptoshare receive additional Cryptoshares 5%.
$ 10 million DENMARK REACHED: All existing investors in the attic of Cryptoshare receive an additional 5% of cryptoshars.
15 million US dollars. ACHIEVEMENT: All existing investors in the attic of Cryptoshare receive additional Cryptoshares 5%.
20 million US dollars. ACHIEVEMENT: All existing investors in the attic of Cryptoshare receive an additional 5% of Cryptoshares. Then the remaining token is destroyed in order to increase the total cost for all investors.
END OF CONNECTION: Preazel: 40%
END OF STAGE 1. General Bonus: Presentation: 45% Stage 1: 5%
END OF STAGE 2 Bonus received: Pre-sale: 50% Stage 1: 10% Stage 2: 5%
END OF STAGE 3 Bonus received: Pre-sale: 55% Stage 1: 15% Stage 2: 10% Stage 3: 5%
END OF STAGE 4 Bonus received: Pre-sale: 60% Stage 1: 20% Stage 2: 15% Stage 3: 10% Stage 4: 5%
The percentage of the trading income is taken when the value is calculated in accordance with the tariffs offered by LocalBitcoins.com and LocalEthereum.com (1% at the time of writing). This calculation is considered a convergence of a good scenario in which the exchange manages to seize a significant market share and should not be regarded as fact. Attempts were made to make conservative figures, but it is impossible to predict the future in a volatile and new market.
2016 - 2016 year.
2017MARCH 2017. Development of the concept of AUGUST
2017. The development of exchange
2018FEBRUARY 2018. Official launch of the newspaper
FEBRUARY 2018 (LATER) Pre-ICOMARCH 2018 Transformation
APRIL 2018. Cryptoshare ICOMAY 2018Products for the exchange of lists
JUNE 2018. Early investors get access to the platform
JULY 2018The first voice of the Cryptoshare holder
AUGUST 2018. The exchange commencement date
OCTOBER 2018. Integrated REST API
2019 January 2019. Mobile trading application
2019FEBRUARY 2019. Beginning of the distribution of dividends
Meet our LOCAL COIN SWAP team
.
Aapeli Vuorinen.
Leading security engineer. Bachelor of Mathematics
(major in pure mathematics)
Nathan Worsley Chif.
Technical Officer - Bachelor of Economics (major econometrics)
Thomas Underwood.
Financial Director. Bachelor of Commerce
(specialty "Accounting and Finance")
Valery Natanelov.
Chief Marketing Specialist - PhD, Commodity Futures Markets
Taylor Shegel
Developer Blockchain - Bachelor of Science
Kevin Sparks.
Leading developer - degree of computer science developer
Daniel Woresley.
Head of Operations - Bachelor of Economics
(major in quantitative methods)
Jonathan Cohen.
Designer UX / UI - Agency MUZE
consultant
Mr. David C. LEE
Legal Counsel, Senior Lecturer, Accounting and Law University of Hong Kong
Dr. Artem Sergeev
Legal Adviser
Frank Zhu.
Legal Adviser
Vladimir Ninov.
Marketing Advisor - MBA
Shaf Zaman.
Adviser on marketing and financing
Andrei Bondarevich.
Marketing Consultant
For more information, please visit us.
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