LocalCoinSwap — An ICO worth supporting?

Too many ICO’s right now just trying to grab money and not even solving a problem. LocalCoinSwap seems to be solving an actual problem and giving users a share in the profits. Say what?!?

Summary

LocalCoinSwap is a new project based out of Hong Kong. The company was launched in 2015 by the founder (Nathan Worsely) who was building bitcoin arbitrage bots but then focussed on solving the problem of creating a fairer way to buy cryptocurrencies in early 2017.

LocalCoinSwap essentially allows people to buy and sell cryptocurrencies safely and easily using various payment methods without worrying about waiting times or verification requirements. It is structured as a democracy where users get to vote on features and take a share in the profits so basically sticking it to all the big exchanges that charge ridiculous fee’s and make lots of dollar whilst providing a crap user experience.

The exchange has an escrow system that securely checks unique confidence issues usually found in online P2P transactions. LocalCoinSwap will also support multiples methods of encryption.

Main Features

• The platform is user friendly (claimed…)
• Users will be able to trade any kind of crypto without restrictions,
  requirements or KYC.
• Use any payment methods you like (claimed…)
• 100% of profits are directly distributed to users via blockchain
• Free airdrops when localcoinswap will add a new token
• Public github open source code
• Localcoinswap team is running a crowdsale to speed up development and increase the number of tradable cryptocurrencies.
• Cryptoshares will be the assets used to share profits between ICO investors.
• The Cryptoshare holders run the exchange in a participation proof voting system. Vote for digital asset additions, site updates, new business, and more.
• LocalCoinSwap incorporates social networking interactivity on the trading platform, with custom user profiles, friends lists, achievement badges and special rewards.
• 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.

Main Benefits of Cryptoshare?

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.

Holders of Cryptoshare receive profits on all cryptograms traded on the stock exchange, a stream of income denominated across a portfolio of digital assets.

ICO Strategy

It’s great to see a sale with a solid hard cap, only a small portion of tokens going to team and all unsold tokens getting burnt. They conveniently accept multiple Cryptocurrencies or Fiat currencies to invest in their ICO which does provide confidence that they already know what they are doing when it comes to running an exchange.

Find Out More

Check out this project and follow these links for more information;

• Website: http://www.localcoinswap.com/
• Whitepaper: https://www.localcoinswap.com/LocalCoinSwap_whitepaper_v1.0.pdf/
• Telegram: http://t.me/localcoinswap/
• Facebook: https://www.facebook.com/localcoinswap/
• Twitter: https://twitter.com/localcoinswap_?lang=en/
• Medium: https://medium.com/localcoinswap/
• Reddit: https://www.reddit.com/r/LocalCoinSwap/
• Steemit: https://steemit.com/@localcoinswap/
• Linkedin: https://www.linkedin.com/company/localcoinswap/

Can you trust me?

No don’t be stupid I don’t even know if it’s 100% safe. I researched using the matrix of:

How much I could be bothered vs. how much money I am willing to risk.

Maybe you want to check more than me!

I haven’t done a thorough background investigation of the founders… Reading through their profiles one guy has the statement:

‘I have been a lifelong Bitcoin enthusiast’

which is just a flat lie. No one legally able to do anything could have been a lifelong bitcoin enthusiast…

The main ICO rating websites seem to rate it very highly right now compared to a pretty much all other current ICO’s:

• TrackICO — LCS review
• ICObench — LCS review
• ICOholder — LCSreview
• Plenty of others on google search

Invest???

Do you research before investing in anything! If they do everything they claim then awesome. But who knows anything in the future is not certain so it’s all just a bet. maybe by next year no one even wants a cryptocurrency so even a super fantastic a fair platform for trading and buying them is still worthless…

Sensible steps pre investing:

• Read the whitepaper at least.
• Compare to other ICO’s or investing opportunities and see if it’s the best use of your money.
• Check you bank accounts and other requirements of money you have in the near future and that you can afford to put your money somewhere with no guarantee of return!

And if you still want to invest kindly use my LocalCoinSwap referral code to get 5% off the token price:

https://ico.localcoinswap.com/r/FNN7593

Or just apply the LCS referral code FNN7593 at the checkout.

Enjoy and happy trading =]