LocalCoinSwap

LocalCoinSwap

Introduction

Let's go to continue this blog with other project. First of all, for who missed previous entry, what's a cryptomoney? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.

Today there are thousands of coins on the market, already in operation, such as Bitcoin, Ethereum, Ripple, etc., but there are many thousands more that are about to leave. The former are called cryptocurrencies and can be purchased on many websites such as Coinbase, Localbitcoins, Kraken, etc. The others are the so-called ICO's (Initial Coin Offering), which can be obtained with significant discounts and price runs through small contracts and transfers through Ethereum. But the best are those that have just been born, which are not even in the ICO phase, which launch campaigns to attract the public attention, these are the Airdrops. With this, we can get thousands of coins for free. I emphasize these because it's a way to win cryptocoins even if the market is as it is. Thorugh this way you never lose money.

However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As we all know, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account. For this reason, that is why I choose the best of them through an exhaustive study of the main characteristics.

Presentation

Definition

Today, the project I am going to present you is the so called LocalCoinSwap (https://www.localcoinswap.com/), a decentralized market that allows the right of all types of commerce in any criptocurrency. LocalCoinSwap provides a secure, simple and fast peer-to-peer (P2P) trading platform, which allows users to freely exchange without unnecessary verification requirements or waiting times. The platform uses a secure custody system that solves the trust problems inherent in online P2P commerce.
As a novelty, the platform implements an approach to the traditional ownership of the company using blockchain technology to distribute the full benefits of the site to holders of LCS Cryptoshares.

Goals

LocalCoinSwap aims to represent a return to the most fundamental system of asset exchange without relying on the main institutions: P2P trading. By enabling P2P trading of all digital currencies, LocalCoinSwap will put the market back in the hands of its users, allowing them to directly exchange any kryptonite with any conceivable payment method in any geographical location.

LocalCoinSwap has developed the Cryptoshare model with the aim of maximizing investor value. The selection of the total amount of the issue, the token freeze and the hard capitalization was chosen with the view that it provides the best long-term value for the investor if the company has room to grow.

How it works

Airdrop

Going into a little more detail about the airdrop, the project gives the opportunity to earn LocalCoinSwap tokens by perform some tasks through social media pages and doing task from the bounty program explained in Bitcointalk. Moreover, you can earn extra tokens only for refer som friends to join the community.
Here (https://bitcointalk.org/index.php?topic=3009721.0) you can access to the link in order to see what are the conditions to become an early LocalCoinSwap contributor and start earning tokens. When the ICO stage finishes you will be recompensated with your proportional earned tokens.

Doesn't that sound interesting? If you are, here (https://www.localcoinswap.com/LocalCoinSwap_whitepaper_v1.0.pdf) is the link to the whitepaper and you can stay tunned in the link to their telegram group (https://t.me/localcoinswap). I hope you liked the post and soon I'll send you new ones.

Bitcointalk username: adriaparcerisas

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482