LocalCoinSwap - A New Era of P2P Exchange

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Today, under the sights of our survey blog, a promising project, better known as LocalCoinSwap , which not only can solve certain problems in the exchange of crypto currency, but also launch a whole round of relations between the crypto community and the average user of the fiat system!   

Next, we will consider the idea of ​​the project, the team, together we will make a review of social networks and the site as well, consider competitive advantages and investment attractiveness.

The sale of tokens will be distributed in 2 stages (pre-sale and basic sales) each with its own bonus, but all the most unusual benefits are hidden under the conditions that are displayed on this chart:
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For me as an investor, the first period is interesting, namely pre-sale ( March 15 - March 31 ), since there are as many as 3 advantages:
  • 40% Bonus when buying  ( which is 0.4 ETH in LCS tokens, with an investment of $ 1000 )
  • Bonus without lock'a  ( you can not badly flip, if you understand what I mean )
  • Possibility of summing up bonuses  ( about this in details below )
To be able to participate in the first stage of fundraising, you just need to go to the Participation Page , register and get the address of the contract   
The next logical question is, what is the collection limit for LocalCoinSwap ? It looks like this:   
  • Soft Cap  : $ 500,000 | 60,000,000 LCS   
  • Hard Cap : $ 20,000,000 | 500,000,000 LCS   
  • 1 LCS  = 0.0004 ETH 
What captivates me, I see a rational plan for raising funds, adequate thresholds of fees and a reasonable price for a token. Already more than once I came across teams that live in dreams and eventually change the policy on several occasions. LocalCoinSwap in this regard, rosary and sober in their desires and plans, and this is an excellent sign!
Based on the information above, I see that the project team has thought over not only the financial part of the project, but also its attitude to investors, I provide flexible opportunities for entering the project.
But let's take a closer look at the whole insight of the project, drive!
# Project overview
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  As promised earlier, our verdict is expected - LocalCoinSwap , a project of a crypto currency P2P-exchange platform , or rather an entire financial ecosystem that can start a new round in the history of the crypto currency and the phiatic system.   
The slogan of the project is The Only Exchange Which Distributes 100% Of Profits Back To Token Holders
It sounds tempting, does not it? In fact, everything is much more interesting! Let's expand the project into 6 main stages that are present in the ecosystem, from two different points of use, the platform itself and investment:
  1. Opportunity  ( Gratitude to LocalCoinSwap for the ability to purchase any crypto currency directly )
  2. Identification  ( It is easy to register, almost suddenly and to enter, bypassing unnecessary checks )
  3. Study  ( Huge selection of offers in which you will find the best offer )
  4. Trade  ( Simply select the method of payment and forward to trading )  
  5. Reliable transactions  ( LocalCoinSwap acts as an escrow, until the buyer transfers money )  
  6. Closing of the transaction  ( As soon as the money is received, the escrow passes the crypt to the buyer and the transaction is completed )  
More clearly visible on this mindmap:

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And now from the point of view of the investor:
  1. Invest  ( Buy LocalCoinSwap Cryptoshares on Initial Coin Offering )
  2. Profit  ( LocalCoinSwap makes a profit by deducting commission for escrow services )
  3. Distribution of dividends  (* Upon completion of the transaction, income from the commission is distributed among all holders of Cryptoshares *)
  4. Equal equivalent  ( If an investor owns Cryptoshares at a rate of 1%, he will receive 1% of commissions )  
  5. Airdrop  ( As soon as the new currency appears on LocalCoinSwap - all LCS holders will get a small share of this currency )  
  6. Income  ( If you are an LCS holder, even if you have only one crypto currency - you will receive the flow of the rest from the commission )  
More clearly visible on this mindmap:
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In the financial ecosystem of LocalCoinSwap, as you already understood, an important role is played by your own utility ERC-20 tokens - LCS   
And here there are 4 main lines:
  1. Dividend income
  2. Access to all assets
  3. Democracy system
  4. Ayrdrop of new tokens
For visual understanding, I made for you a small graphics:
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We will quickly go over these directions:
  • Dividend income  - LocalCoinSwap will decentralize the most important part of any exchange: profit. Owners of Cryptoshare (LCS) receive a guaranteed right to 100% of the profits from transactions on the Exchange LocalCoinSwap. 
  • Access to all assets  - Owners of Cryptoshare (LCS) make a profit in all of the currency traded on the exchange in the form of one liquid asset 
  • Democracy within the project  - Within the system all decisions are taken by voting, the data is transparent and written in a chain of blocks .  
  • Ayrdrop of new tokens  - Once the new currency appears on LocalCoinSwap - all LCS holders will receive a small share of this currency 
The whole concept is depicted on this block diagram:
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Also, a huge plus is that LocalCoinSwap will soon launch MVP for early users. The prototype looks like this:     
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It looks awesome and judging by the prototype, the functionality will be excellent. It's also worth noting that the UI is really friendly and anyone can easily figure it out.
Now consider other aspects of the project and leave the most interesting for a snack!
# Project Analysis
Next, we will evaluate the project's prospects by analyzing its site and social networks. Let it and does not guarantee 100% result, but it will help to make a picture as a whole.
Main data sources:
  • Official site of the project
  • Official accounts in social networks and active forums
  • Account in Github (we are interested in a smart contract)
And more in detail on sots.setyam and forums:
  1. Learning about Twitter activity 
  2. Exploring Facebook activity 
  3. Learning Activities on Reddit 
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#Web
  The site is made beautiful not only for the eye, but also for the head. Everything is informative, for a separate token a separate redirect. Also on the main page there is a timer before launching the sale of tokens and an understandable map of the stages of sale.
All basic information about the product and technology is also on the main page, which can definitely increase the conversion and trust of the investor.
If the site is made for a pro forma and does not arouse your trust - then you should definitely not invest, because if the project can not make its business card beautiful and informative - do you need such a project? LocalCoinSwap looks professional and informative and this is definitely a huge plus.   
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We do not have complaints on the site, so we write down the project plus and write to the next part of the review.
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 The project is really a strong team of both developers and observers. Based on the practice and statistics, most of the success of the project lies in his team.
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I will not consider everyone, but we will go through the main players and see how strong the composition is.
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  • Nathan Worsley  - Co-Founder and Chief Technology Officer 
Bachelor of Economics (Econometrics Specialization)
An early investor in BTC and ETH. The developer of a series of successful trading algorithms based on arbitrage between crypto-currencies. The founder of the crypto-investment fund, based in Hong Kong: Digital Assets Management Ltd. An experienced trader at LocalBitcoins.com. The development experience includes C / C ++, Python, R, Matlab, PostgreSQL, Git, Bash & Linux.
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  • Thomas Anderwood  - Co-Founder and Chief Financial Officer 
Bachelor of Commerce (Specialization Finance)
An experienced business development manager and financial expert. Managing director of a successful private joint-stock company with a diverse portfolio in several asset classes. Regional manager for attracting clients at TradingView.com ..
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  • Daniel Woresley  - Head of Operations *
Bachelor of Economics (Specialization Quantitative Methods)
Specialist in business strategies, operations and quantitative analysis. A successful stock exchange and commodity trader in several financial markets over the past 8 years. Advisor to the investment firm in Hong Kong. A supporter of decentralization and technology of blockades.
I would also like to consider one of the advisers and observers of the project:
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  • David S. Lee  - Lawyer consultant.
Senior Lecturer in Accounting and Law at the University of Hong Kong.
Besides the fact that David has collected almost all the degrees, he has experience in corporations and, accordingly, in corporate law (previously worked for Goldman Sacks), he also has experience in managing financial investments. In a word, he can organize huge support for the project.
Now for the general description of the tab team on the site:
The team is represented in its entirety, including observers. Links to Linkedin are real, there are descriptions of the main members. What is not unimportant, always check the developers of the project, their successful work and so on.
The team has a description of what it did before, in which area has knowledge, etc. When there is such information - the credibility of the project is increasing.
All have vast experience in their field, strong observers and investors. I put + the project in the overall standings, which in recent times is rare.   
By the way, already announced partnership with one of the most popular wallets Coinomi 
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 This is a document describing the stages of project development. Here the rules are the same: maximum information, realistic (achievable) goals, reasonable terms for the implementation of the project stages.
If the roadmap does not meet such requirements, or if it is not on the site at all - this is a very bad sign. Without a development plan, the project will at best quickly exhaust itself, and at worst it will not start at all.
In LocalCoinSwap distinct design and informative design, painted in detail the steps, therefore there is a clear understanding of progress in the future. And Roadmap sets real goals not for years ahead, but specifically for the near future.     
Particularly pleased that the main development process is concentrated in the horizon of the year, which means that the product will not take long to wait.
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I also noted for you the main dates of the project for the coming months, presented on this infographics:
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 So, we studied the project site, reviewed its documentation and also studied the team - and they only reinforced our interest. It's time to check how the project is on social networks! Often it is during their study that details are revealed that are not found on the beautiful pages of official websites.
What do you need to look at?
  • Activity of official accounts. Most often, projects in active 
    development, and especially those who prepare for the ICO, quite actively 
    post, share the latest news and updates and communicate with their 
    audience.
  • User reviews. If in the comments or topics on the forums 
    we see one negative and links to articles with SCAM revelations - this 
    is a serious reason to forget about investing in this project forever.
So, let's go through the main sources of information:
## Facebook
  Posts are issued very often, there are many subscribers, but for us this is not a key moment. It is important that the project is actively discussed in the comments. Also filled all the profile information, high rating of answers.
Also worth noting is the fact that you can safely contact the company through messages, for information and necessary assistance. At the moment the community has 10915 subscribers .  
In general, the FB project looks very strong and confident, which can inspire optimism.
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  C Twitter situation is similar. Tweets come out very often, there are many followers. It is important that there is an active discussion of the project in the comments as well, we see a large number of retweets, accordingly a positive information field is created.
It is also clear that the answers of other users are often reposted, which 
involves them in the discussion.
Based on this, it can be understood that the company is doing a decent job with the audience! At the moment at page 4269 of the follower. 
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## Reddit
  The project has its own sub-reddit r / Localcoinswap , many posts and many comments. Also, in adjacent large subordinates devoted to the crypto currency, there are a lot of mentions of the project, which is an excellent sign.  
r / Localcoinswap  has its own moderator, which means that the team is monitoring that it does not turn into a garbage dump.
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  The project does not have an open code (which is understandable, since the question is related to finance), but the following are of interest:
  • cryptoshares  (we can see the moments associated with LCS tokens )  
  • pre-ico-tokens  (we can see the moments associated with pre-sale LCS )  
LocalCoinSwap in this regard is credible, as all information is provided in full.
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  The project in the WP has a detailed plan of financial indicators and possible profit models:
It should be remembered that these data are a forecast and can not serve as a 100% benchmark.
As the main competitor and source of statistics, let's take the well-known localbitcoins.com:
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Trading volume in USD:
  • 2013: $ 68,438,277
  • 2014: $ 271,865,628
  • 2015: $ 412,865,628
  • 2016: $ 742,237,090
  • 2017: 2,135,864,172 $
Revenue from the site:
  • Total revenue (from 2013 to 2017): $ 684,383; -> 21,358,642 $
These figures represent the modeled values ​​of how the project can develop. And I will say that in any of the scenarios, I see the investment attractiveness not only of a speculative nature but also of long-term investment, in the horizon of 2-5 years. Just think, since 2013 the revenue from one advertisement could have increased by 3000%
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And now let's look at the model of investing in LCS tokens. As we see, for every dollar invested, in 2022, we can get $ 49.62 and this is for a moment a growth of 480%.   
Thus, LCS tokens can be used as an analogue of dividend securities in the real sector. Quite an interesting tool in one word.
More details about the competitive advantages you can read in Whitepaper 
The rating agencies also highly appreciated LocalCoin:
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The project is also presented in spreadsheets of large investors, which inspires optimism and once again confirms that the choice was made correctly!
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The review turned out to be very large, but also informative. I'm sure that after reading, everyone will be able to decide whether to invest or not. For myself, I made a decision and this is an unequivocal "Yes."
The project:
  • Strong team
  • Competent marketing
  • A good idea
  • Strong competitive advantages
  • A clear financial model
  • Support for crypto communities a
Interest in ICO and tokens is large enough, especially if you look at the project's collections, namely, what hardcamp already counts in your pocket.
We will continue to follow the project, but now we can say that it deserves attention. And I'm ready to become a potential investment!

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