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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

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

FINANCES

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

TEAM

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

Full analysis
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