LocalCoinSwap

LocalCoinSwap is building a P2P cryptocurrency exchange and launching an associated Cryptoshare ICO. LocalCoinSwap features a completely decentralized P2P trading structure. No verification requirements, and no restrictions on trade. It will support the trading of all cryptocurrencies. The funds raised in the crowdsale are being used to increase the selection of currencies supported at launch. The Cryptoshares are paid 100% of the platforms profit through dividends, which are the same currencies traded on the exchange. Cryptoshare holders receive free airdrops of new ICO tokens listed on the LCS platform, as well as special offers from companies trying to raise pre-ICO funding.

Rating: 2.8

Official contacts

Location: N/A

Web-resources: Whitepaper Website

Social networks: N/A

Product source tracking: https://github.com/LocalCoinSwap

Details Description Risks Full analysis Team

Detailed review

Stage of product development

MVP will be relised in JUNE 2018

Token description

ICO date

15.03.2018 - 15.06.2018

Token price

N/A

Platform

Ethereum

Hard cap

20000000

Soft cap

500000

Capitalization of token pool

35000000

Blockchain

Ethereum

Token distribution date

18.03.2018

Consensus method

Escrow

N/A

ICO currencies

ETH , BTC

Bounty camping

Yes. 5% of tokens for security bounty, 5% for community bounty

Markets

N/A

Token functions

1) Portfolio income stream in the form of regular dividend payments, giving the holder a basket of all cryptocurrencies traded on the LocalCoinSwap platform 2) Capital gains. The strict hard cap with token burn ensures there is room for upwards movement of the Crytptoshare price 3) Voting: Users can vote on decisions about the development of the exchange, and run the exchange together.

Tokens distribution

ICO (70.0%)

Team (10.0%)

Venture fund (10.0%)

Bounty (5.0%)

Security Bonus (5.0%)

Risks

MARKET

Currently, project decided to not verify their publishing via system of grades and risks

PRODUCT

Currently, project decided to not verify their publishing via system of grades and risks

BUSINESS MODEL