The LocalCoinSwap pre-ICO is underway

The LocalCoinSwap pre-ICO has been live for only a few days and we have already attracted a large number of investors looking to get their hands on a limited number of bonus LocalCoinSwap Cryptoshares.

Launching in August 2018 and already nearing the end of development, the LocalCoinSwap Cryptoshare crowdsale is being used to expand the platforms features and coin coverage on launch.

The news of the project has spread well beyond our wildest exceptions and our inbox is being flooded with questions about our exchange and requests from the media.

Although we have responded to each request individually, we thought it would be easier to bundle the most commonly asked questions into a single article and answer them all at once.

If you want all the gritty details, head over to our ICO website at LocalCoinSwap.com and download our Whitepaper to get the full story.

What is LocalCoinSwap?

LocalCoinSwap is a peer-to-peer cryptocurrency exchange with the goal of providing trading on all major coins. What is perhaps the biggest gap still existing in the cryptocurrency market is the fact that no single website offers direct P2P trading for more the entire spectrum of digital currencies.

This has resulted in an influx of old-and-new market participants flooding traditional cryptocurrency exchanges, which are inefficient and inundated with problems. Crypto exchanges in their current form are incapable of sufficiently servicing the growing demand of the community.

Issues hindering existing cryptocurrency markets

Excessive fees and commissions

Intrusive verification requirements and long wait periods

High security risks and poor exchange protection

Artificially inflated prices, dishonest pricing mechanisms and insider trading

What are the LocalCoinSwap Exchange Features?

The LocalCoinSwap exchange platform has been in construction since August and is being developed by an experienced team of dedicated professionals. The core development philosophy is to design the exchange with a focus on user experience, constant coin additions and community activity.

Wide variety of cryptocurrencies: LocalCoinSwap begins operations with more than 10 tradable coins on offer and with continuous ongoing integration.

LocalCoinSwap begins operations with more than 10 tradable coins on offer and with continuous ongoing integration. Immediate trading: Begin interacting and trading with the community immediately, with an instant registration process.

Begin interacting and trading with the community immediately, with an instant registration process. Simplified fee structure: An escrow commission fee is charged only to the seller of the transaction. No additional hidden charges or fees, the price the buyer sees is the price the buyer pays.

An escrow commission fee is charged only to the seller of the transaction. No additional hidden charges or fees, the price the buyer sees is the price the buyer pays. Escrow system: LocalCoinSwap utilises are secure escrow mechanism to ensure both parties are protected during the transaction.

LocalCoinSwap utilises are secure escrow mechanism to ensure both parties are protected during the transaction. Dispute resolution: LocalCoinSwap has case-studied all reasonably foreseeable disputes and created processes to handle each fairly.

LocalCoinSwap has case-studied all reasonably foreseeable disputes and created processes to handle each fairly. Complete exchange security: A full-time dedicated security team has been enlisted to safeguard vulnerable information at all times along with regular external security audits.

A full-time dedicated security team has been enlisted to safeguard vulnerable information at all times along with regular external security audits. Community engagement: Community engagement will come from both regular updates from LocalCoinSwap staff and a host of social-media features that encourages interactivity between community members.

What are LocalCoinSwap Cryptoshares?

What is perhaps the biggest feature of LocalCoinSwap is the new Cryptoshare idea that gives holders ownership of the exchange and guaranteed entitlement to 100% of the profits.

The motivation behind the LocalCoinSwap Cryptoshare is putting the exchange back into the hands of the community, resulting in a decentralised exchange with decentralised ownership and democratic decision-making process.

LocalCoinSwap Cryptoshare-holders will participate in the operation of the exchange by voting on key decisions with voting tokens. By utilising blockchain and smart contract technology, LocalCoinSwap provides a novel approach to traditional company ownership and puts the exchange back into the hands of its users.

Benefits for Cryptoshare-holders

100% of exchange profits distributed to Cryptoshare holders through a basket of dividend coins

Voting on all major business decision making through LocalCoinSwap voting tokens

Complete transparency of LocalCoinSwap operations and finances

To read all about the LocalCoinSwap Cryptoshares, head over to LocalCoinSwap.com.

What are the LocalCoinSwap Crowdsale Details?

The pre-ICO period is already underway with the main presale being open to the public on March 1st.

Investors have the opportunity to purchase Cryptoshares with a number of cryptocurrency and fiat payment options.

What is the bonus structure?

The bonus structure rewards early investors, but also investors who come later and participate in building the LocalCoinSwap community.

Where can I get more detailed information?

All the detailed information regarding the exchange and Cryptoshares can be found in the LocalCoinSwap Whitepaper.

Download the Whitepaper here.

How can I stay in touch with LocalCoinSwap?

The best way to stay in touch with LocalCoinSwap is by becoming apart of our growing community.

LocalCoinSwap has constant community engagement and can be found on all major social-media sites.

Facebook

Twitter

Instagram

Reddit

Telegram

Steemit

LinkedIn

In a few short weeks the LocalCoinSwap crowdsale will be open to the public.

Head over to LocalCoinSwap.com to register for updates direct to your inbox. Don’t forget to also get involved in the community with our array of social media options.