GNT - A Simplified Market For Business



DZ



Simplified Purchase Power - Energizing The Market





Recently I have been fortunate enough to interact with the Golem project community and follow the various channels of communication and news. there are certainly lots of things going on and it has a vibrant and intelligent community. Before going further I must first state to any readers that even though it is regarded as a semi official gateway to the golem project, admin - Jasper in the Telegram channel is a fantastic asset, really helping to promote the community there. I do recommend those interested in further learning about Golem to please stop by there. You can do so here!

​It was one of my first ports of call recently for a discussion I wanted to engage the community with. To promote GNT (Golems token) further the community and facilitate a move for larger adoption.

​After reading some community posed questions on the Golem Reddit channel I have stumbled upon this post here, which raises a good question. How can Golem increase its demand and supply easily?

As of writing, Localcoinswap are very close to the launch of the exchange.​

The team are working at full pace to ensure that from the very beginning, every listed cryptocurrency has a solid foundation of liquidity for the benefit of each projects community. There will be a soft launch, starting 10th September and a hard launch thereafter. For the soft launch GNT will be supported.

​One major problem with new exchanges and listings is all that ever happens is one post, twitter shout etc of "(INSERT ANY COIN) NOW SUPPORTED" and then that's it. It is left to the wayside and the promotion of the coin / project is sadly neglected. This causes a problem because to honestly support listings there needs to be awareness for it and education. There also needs to be tight connections to its community with a good understanding of what it wants and needs. Anything otherwise is a little lackluster and sadly shows no support to the project, neglecting it respect and further adoption.​

Localcoinswap corners itself on the idea of transparency and openness. The DEV team are accessible across the board with monthly "ask me anything" youtube sessions now established as well as multiple ways to contact the team via telegram, discord and email. The exchange has already implemented plans to educate new users to the coins listed and continue pushing for adoption and awareness. An exchange should not just be a gateway to trade but as one of the first places where people part with their money, its support and education towards the wider space in general should also be a hot point of concern.

Tokens listed will have a basic overview and introduction, GNT included, to get an overall feel and understanding. Each token will be treated alike with a balanced impartial approach for maximum fairness and equality. It is essential for new users to see the value of the wider crypto space not just the "bitcoin lambos"...

These descriptions will be incorporated in a clear visible way. Someone new to cryptocurrency will instantly be able to see the wide choice of projects and I believe (but not confirmed as of writing) this will be linked to an on site forum where deeper discussion and contributions can be made. Rather than a trader having to see GNT then trawl the web to find information about it, its all in one place where most importantly they can buy directly. This is not to diminish the large amount of info readily available as well as fantastic community posts etc. It is merely said to point out that there will be information and instant access to buy, offering traders options and the ability to do research.​

Localcoinswap provides a fiat on/off ramp for GNT!

Why is this so important, not just to Golem but to many projects? In the case of the Golem project this will support and promote a solid foundation of passive income as so many currencies are supported, currently over 20. This is coupled with any verifiable payment method for maximum trader flexibility. The beauty of Golem is the access it brings for many people to be able to join in, support the chain and give real value even on laptops!

On the user level.

A validator will be able to earn GNT and then transfer it over and cash out if they do not want to hold directly. For people in areas where $50 is a months wage, this is very enticing. They might not have enough to build a mining rig, collect enough to stake or become a masternode or even be able to cash out with KYC restrictions and currency limitations. For those of us lucky enough to live in more affluent surroundings, it is a nice way to earn additional passive streams of income with a potentially handsome amount rewarded with the greater ability to afford better setups, internet connections etc. Crypto to crypto trades will also be supported shortly on the exchange so those that want to trade out into crypto currencies will be easily able to do so. Localcoinswap has dedicated wallet support integrated too, no withdrawal fees and no deposit fees. Wallet storage is all off chain with 95% held in cold storage to maximise security to the users and community. This is discussed in the recent AMA session. This alone shows the real world use for making a genuine difference to peoples lives forgetting all the massive potential of what Golem will do as a worldwide decentralised super computer. Another feather in the cap of GNT!​

The Business / Enterpise Level.

For the larger purchase needs of Companies wanting or needing GNT as requestors they will be easily able to purchase directly without the need for going on two or three different exchanges and make accounting a lot more fluid. This will open up an easy access portal. They need to use the Golem project but the idea of opening up crypto exchange accounts is off putting, as it is time consuming and gives way to problems of dealing with more security keys, verifications, accounts and the possibility of error and or loss. It is also an obstacle as they have to ensure a good purchase decision of ETH etc before even going to buy GNT and you can't always buy the dip! Logistically this is a nightmare for cost, time and book keeping and might cause them to just stick, wrongly, with the status quo. Direct access with fiat and secure easy signup simplifies the process and offers much more incentive to jump on board.

​So what now?

​Localcoinswap would like to recommend for the core community to take advantage of such an opportunity and present themselves as Market Makers with this in mind.

​The goal for Market Makers is:* Provide "liquidity" - offers to buy and/or offers to sell (with the financial opportunity of earning a few percent on top of market price from each trade).* Continuously promote the project, inform potential investors of its benefits, updates, and long term plans and goals.

​I kindly ask you dear reader to spread the word about this. The chain can grow, be strengthened and Localcoinswap wants to be open and engaged with the communities it represents on its platform. I am a community member who feels passionately about the exchange and the potential of the Golem project. Put together there is real scope for change, adoption and potential. I do appreciate readers have heard this before with exchanges, partnerships and promises as it has been a tough year for cryptocurrency not just financially. Localcoinswap wants to prove and show that this is a genuine move for the community as they are in it for the long haul.

If you would like to discuss, engage and ask any questions please join us on any of the platforms below!

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Discord: https://t.co/Bg6JaCnrlN

Telegram Chat: @localcoinswap

Twitter: @Localcoinswap_

Localcoinswap Ambassador Programme: https://t.co/5j8vHeb2aK ​







