localcoinswap ico review
Company: LocalCoinSwap (Cryptoshare)
Industry: Cryptocurrency Exchange
Website: https://www.localcoinswap.com/
Whitepaper https://www.localcoinswap.com/LocalCoinSwap_whitepaper_v1.0.pdf
Headquarters: Hong Kong
Token: LCS
Platform: Ethereum
ICO Timeframe: 03/15/18 – 03/31/18 (PreSale)
Token Supply: 100,000,000 (70% Crowdsale)
 Score:  62/100

 

LocalCoinSwap is building a P2P cryptocurrency exchange and launching an associated Cryptoshare ICO.  LocalCoinSwap features a completely decentralized peer-to-peer trading structure. There are no centralized bank accounts, no verification requirements, and no restrictions on trade.  LocalCoinSwap promises to decentralize the most crucial part of the exchange: the profits.  Cryptoshare holders will receive guaranteed rights to 100% of the profits from trades on the LocalCoinSwap exchange.  Cryptoshare holders will have the ability to receive profits in all of the cryptocurrencies traded on the exchange, an income stream denominated across an entire portfolio of digital assets.  Users will also run the exchange democratically in a proof-of-stake voting system.  LocalCoinSwap will provide a listing service for new ICO tokens to allow them to launch on the LocalCoinSwap platform or raise pre-ICO and presale funding.  When new tokens are listed, Cryptoshare holders receive an advance airdrop, as well as access to special offers on new listings.

 

PROS:  Exchange will ultimately have 30% of funds dedicated to investigating cryptocurrencies with the intent of adding them to the exchange, aims to be one of the most inclusive exchanges on the market while performing some form of verification, aims to at least partially address legitimate concerns surrounding fraudulent ICOs, identified in-house blockchain developer.

 

CONS:  There are already a vast number of exchanges available to cryptocurrency enthusiast, industry will most likely consolidate rather than fracture, will face stiff competition from exchanges with large user bases and trust through established track record.

 

SCORE:  62/100