There is no doubt that when you have cryptocurrency, you may want to trade your cryptocurrency to turn your resource into some profits. The exchanges will somehow come to your mind when millions and millions of people get rich in front of your eyes.
Which exchanges would you like to recommend to your friends? Binance, Bitfinex, Bittrex, Yobit, Huobi, etc.? These famous exchanges are definitely our first options because they have user friendly interface and low negotiation rate. But sometimes you are still having trouble using these conventional exchanges: uncomfortable checking, expensive withdrawal fees and withdrawal function was sometimes suspended due to high traffic, piracy, the exchange rate is a problem when you are a multi crypto day trader, server down whenever you are not expected, also delay in some markets, restriction of the country and just getting profits if the price of the cryptographs increase.
Cryptocurrency itself is only at a very early stage of performance, and cryptographic exchanges are also having their own limitations.
We have seen many decentralized encryption exchanges that are in progress. Somehow, these platforms are building a revolutionary road in the block industry as its convenience to anonymous business resource. But decentralized exchanges of encryption would never be our reliable option when thinking of commercial cryptography. As decentralized exchanges of cryptography have so many problems that we can not be warned about the risk of bringing ourselves at times and they have so many limitations that we have always struggled like Etherdelta (now Folkdelta), Idex. And you may have to wait forever to find a good business deal on these platforms for now.
So at the end of the day, is there any exchange out there that can provide us with a security environment without restriction and limitation, free fees, and even give us interests by simply keeping our encryption as a bank?
The answer is No, we did not have a perfect exchange as we expected. But it’s cryptocurrency, it’s money, it’s funding; It’s a chain of blocks, it’s technology. Talking about technology, it’s growing fast, remember we’re having a flying Tesla car flying around the Earth at the moment. Technology provides what is lacking in human evolution.
And if I tell you that there are people who are building an encryption exchange that we all expect, we’re not talking about it anymore, we’re doing it.
It’s simply another exchange, but it’s the only exchange that distributes 100% of profits back to its users. The next big thing is to revolutionize the chain of blocks.
What should this platform be about? You and I, merchants can buy any cryptocurrency directly, simply sign up for LocalCoinSwap, instantly and without unnecessary verification requirements. Search for a wide variety of best-in-class encryption ads, service payment methods and go on-the-go, LocalCoinSwap holds encryption in the escrow while direct payment is made to merchants, once payment arrives, encryption is released to the buyer and trade is complete.
Does it seem like other Localbitcoins are coming in? No, it’s something bigger and much more remarkable than that. Because ? Because this platform based in Hong Kong brings profits just by holding its cryptocurrency:
Beginning to invest, buy LocalCoinSwap Cryptoshares (LCS) through the Initial Currency Offer, the LocalCoinSwap Exchange makes profits from deposit rates in all currencies traded on the platform, at the end of the quarter, 100% of the profit is distributed to the holders of the Cryptoshare if an investor holds 1% of LCS — they receive 1% of profit. When new ICOs are listed on the platform, all LocalCoinSwap Cryptoshare holders receive a small amount of this token in exchange for each Cryptoshare they own. Get a steady stream of income in multiple currencies, just from owning a single asset.
What would make this platform the most comprehensive exchange in the world?
There is no discrimination, instant inscription and no verification required. The business interface is safe, easy and fun. When existing P2P markets support only a tiny number of encryption and payment methods: LocalCoinSwap has a fully distributed peer-to-peer trading system. There are no centralized bank accounts, no verification requirement, and no trade restriction. It distributes 100% of website profits to Cryptoshares holders on a 1 to 1 basis through a decentralized block-based dividend application.
While dominant exchanges suffer from centralized banking and trading restrictions. LocalCoinSwap will open with a minimum of 10 most traded cryptocurrencies, continually expanding to integrate more. Funds raised on crowdsale are being used to increase the selection of currencies supported at launch.
While there are peer-to-peer markets, the fundamental flaw in all of them is that they aim to become giant monopolies and make their creators rich. At LocalCoinSwap, we do not believe that monopolies have any place in a just and fair digital economy. The LocalCoinSwap platform is designed to enrich the entire community rather than a small number of individuals.
LocalCoinSwap is the only market that distributes 100% of its profits back to its community and allows the community to vote democratically in its operation. It is a community-owned and community market.
LocalCoinSwap is also the most transparent exchange financially on the market, with regular public announcements detailing exact revenues and expenses, all wages and all forms of income. All contract code used by LocalCoinSwap is open source and is publicly viewed on our GitHub.
LocalCoinSwap supports the widest range of encryption and payment methods for any peer-to-peer exchange in existence. It is typical for other exchanges to support only a single currency or a small basket of the most popular coins. LocalCoinSwap will cover the most extensive offer of encryption and payment methods possible with an after-launch development team whose sole purpose is the implementation of new currencies.
LocalCoinSwap offers special support for ICO and new token projects, allowing them to launch on the platform or offer the pre-ICO and pre-sale special user base to increase funding.
How can LocalCoinSwap interpose the blockchain industry?
LocalCoinSwap will offer a wider selection of cryptocurrencies than any existing peer-to-peer exchange. Offer all payment methods conceivable for purchase or sale, including custom options added by the community.
LocalCoinSwap incorporates social networking interactivity on the trading platform, with custom user profiles, friends lists, achievement badges and special rewards. The Cryptoshare holders run the exchange in a participation proof voting system. Vote for digital asset additions, site updates, new business, and more.
Multiple signature transaction options available for supported currencies. 95% of site funds kept in cold storage offline portfolios. The custody system and the global scenario support team create unreliable negotiations between users. Interactive feedback and the trust system promote uncomplicated trading.
What are the benefits of Cryptoshare?
INCOME FROM DIVIDEND INCOME
LocalCoinSwap decentralizes the most important part of the exchange: profits. Holders of Cryptoshare receive guaranteed rights for 100% of trading profits in the LocalCoinSwap exchange.
ACCESS TO ALL PORTFOLIO TO FINISH A SINGLE ACTIVE
Holders of Cryptoshare receive profits on all cryptograms traded on the stock exchange, a stream of income denominated across a portfolio of digital assets.
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CRYPTOSHARE HOLDERS WORK EXCHANGE DEMOCRATICALLY IN A TEST VOTING SYSTEM
An open source democracy contract hosted in the blockchain publicly counts votes on questions submitted by users to decide how the exchange works
CRYPTOSHARE Holders receive AIRDROPS OF NEW GAMES FROM ICO LISTED ON THE LOCALBOISWAP PLATFORM
LocalCoinSwap provides a listing service for new ICO tokens to enable them to be launched on the LocalCoinSwap platform or to raise pre-ICO and pre-fund. When new tokens are listed, Cryptoshare holders receive an advance as well as access to special offers on new ads.
What payment methods will be supported by LocalCoinSwap?
This is a part that has left me optimistic in this project, as it’s too good to be true: LocalCoinSwap will support all payment methods that can be safely supervised using your deposit process. This includes bank transfer, money exchange, cash deposit, international wire, PayPal, money in the mail and even exchanges of assets such as gold. New payment methods are added to LocalCoinSwap at the request of our community.
What about customer safety?
At a client level, LocalCoinSwap implements various forms of two-factor authentication (2FA) to protect client accounts from being stolen by third parties. Customers can choose to activate more than one form of 2FA simultaneously. Types of 2FAs offered by LocalCoinSwap include email, mobile, Google Authenticator, and PGP.
At a site level, LocalCoinSwap maintains 95% of funds in offline off-cold storage. All cold-case exit transactions are authorized manually by our 24/7 support team after verifying the integrity of the transaction. In addition, the on-site cold store storage protocol uses a smart contract to place limits on the size of the transaction support team can get involved without additional verification of LocalCoinSwap company directors.
Are the laws and regulations concerned?
The LocalCoinSwap team includes 3 legal advisors in the company of its incorporation to ensure that it remains compliant with all relevant laws and regulations.
Meet Our Unique Team
- Nathan Worsley
Chief Technical Officer - Bachelor of Economics (Major in Econometrics)Early investor in Bitcoin and Ethereum. Developer of a series of successful trading algorithms based on Triangular Arbitrage between cryptocurrencies. Original founder of company as a cryptocurrency investment fund based in Hong Kong: Digital Assets Management Ltd. Experienced high volume P2P trader on LocalBitcoins.com. Development experience includes C/C++, Python, R, Matlab, PostgreSQL, Git, Bash & Linux.
- Thomas Underwood
Chief Financial Officer - Bachelor of Commerce (Major in Accounting and Finance)Experienced financial analyst and business development manager, with roles at major Australian and international private companies. Professional skills are well rounded, within all accounting and financial roles, with proven abilities to create solutions for start-ups and cryptocurrency-related companies. Professional development includes passing CFA level 1. Australian Regional Manager for TradingView.com
- Daniel Worsley
Chief of Operations - Bachelor of Economics (Major in Quantitative Methods)Experienced in business strategy, operations and quantitative analysis. Successful stock and commodities trader in several financial markets over the last 8 years. Advisor to a Hong Kong based investment firm. Passionate about decentralization and blockchain technologies.
- Aapeli Vuorinen
Lead Security Engineer - Bachelor of Mathematics (Major in Pure Maths)Data analyst, white-hat hacker and full-stack developer. Over 10 years of experience in software development and systems administration. Experienced with a wide variety of technologies including Python, Java, C++, Javascript, Pandas, HTML5/CSS/Javascript, Go, Matlab, Git, Linux, and SQL. Exceptionally talented at understanding and utilizing network and software protocols.
- Taylor Scheel
Blockchain Developer - Bachelor of ScienceOriginally a clinical molecular genetic scientist working in a laboratory before a passion for the Blockchain and disruptive technologies led to him becoming a digital nomad and full-time solidity developer. Experienced in Solidity, Javascript, Matlab, Git & Linux.
- Kevin Sparks
Lead Developer - Developer degree in Computer ScienceExperienced full-stack Python and JavaScript engineer with a bias for action and proven experience in delivering reliable software. Over 13 years of experience across a wide variety of web-development and software projects. Passionate about learning and is particularly fascinated with collecting and analyzing data. Values people, relationships, communication, and Vim.
- Valéri Natanelov
Chief Marketing Officer - PhD, Commodity Futures MarketsEntrepreneur, the founder and CEO of growAbric (knowledge brokering and design thinking company). Lifelong blockchain enthusiast. Extensive international business experience with a strong passion for design thinking and analytical problem-solving. Has lived on every (habitable) continent. Fluent in four languages.
- Yonatan Cohen
UX/UI Designer - MUZE AgencyUX Design Expert, consultant, and Partner at Muze Design Agency. Has many years of experience in User Experience (UX) Planning, User Interface (UI) Design, Branding, Digital Strategy, Web Design & Development.
- Maya Middlemiss
PR Representative and Content WriterExperienced freelance writer and journalist, with a background in consumer research, social media user testing and business consultancy. Obsessed with the social impact of blockchain, and the way it’s going to change the world - if we do it the right way
ADVISOR
- George Kimionis
Technical AdvisorChief Executive Officer and founder of Coinomi Wallet, the largest and most proven phone wallet with support for more than 150 digital assets and zero users funds lost. Technical expertise includes the production and deployment of highly scalable software, implementation of new cryptographic assets, and intrusion resistance.
- Mr. David S. LEE
Legal Advisor Senior Lecturer Accounting and Law Hong Kong UniversityDavid worked in investment management in Hong Kong and London before joining the University of Hong Kong. He started his career at Goldman Sachs and also has experience in law and in management consulting. David remains engaged in professional practice by working with companies and entrepreneurs, particularly in finance and technology.
David earned his J.D. from UCLA School of Law, his M.Sc. (with Merit) in Organisational and Social Psychology from the London School of Economics and Political Science, his M.A. in East Asian Studies from Harvard University, and his B.A., cum laude, in International Politics and Asian Studies from Brigham Young University. David is a lawyer and a CAIA (Chartered Alternative Investment Analyst) charterholder.
- Dr. Artem Sergeev
Legal AdvisorArtem is a Senior Research Fellow at the University of Hong Kong. In addition to his legal work as an academic, Artem contributed to the United Nation’s mission in Cambodia, Oxford University Press, theDesk and a number of other enterprises. He has published a range of articles on various aspects of international law, received several notable academic awards, and actively contributed to the legal community around the world.”
- Frank Zhu
Legal AdvisorFrank has extensive technology innovation experience in the finance industry. He is currently a technology analyst in a major investment bank based in HK. He also has two years of experience in front and backend development.
- Mario Innecco
Financial AdvisorExperienced financial professional and former FCA Registered Representative (1993-2012) with a wide skillset and proven track record. Professional background includes work as a Private Banker and Government Bond and Exchange Traded Derivatives Broker. Mario currently works as a Market and Economics Analyst and provides regular commentary on his Youtube channel.
- Vladimir Ninov
Marketing Advisor - MBAVladimir is a serial online entrepreneur with a vast experience in digital marketing, advertising, crowdfunding and growth hacking. With over 7 years of experience helping crowdfunding projects to raise over $100 million on various platforms, Vladimir has also been helping entrepreneurs to successfully build personal branding, write for global news outlets like Forbes, Inc, Entrepreneur, FastCompany and to most of the big ICOs to successfully reach their soft and hard cap funding goals. Vladimir is an ICO advisor for several global projects & also a Co-founder of the Webcoin project which aims to change the way how the world does marketing.
- Shaf Zaman
Marketing & Fundraising AdvisorManager of a private investment community which focuses on ICO fundraising. Extensive marketing and management experience. Has been involved with Blockchain technology for several years. Early investor in multiple successful ICO's. Expertise as a community manager and networker for specialist investors.
- Andrew Bondarevich
Marketing AdvisorDynamic and result oriented executive who drives ideas towards implementation with the simple logic of ROI. 18+ years in sales & marketing working across industries and functions. Deep understanding of the nuances of business strategy which have contributed to a successful track record of attaining corporate objectives.
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