Yani Fitriyah: LocalCoinSwap

The rise of cryptocurrencies has created huge economic and investment opportunities. However,many people remain on the sidelines due to lack of patience or tech-savviness, inefficient and lengthy subscription processes, and security concerns. Opening up trading accounts on exchanges can be an especially difficult task for users.

Many exchanges restrict the registration of new accounts or require users to expose themselves to identity fraud and theft by submitting pictures of their passports and personal documents online. Users are regularly asked to transfer funds overseas to companies in countries with no legal oversight.

Existing P2P markets are also highly fragmented and non-inclusive. Traders who wish to buy and sell outside the top few cryptocurrencies must access both a P2P exchange and a centralised mainstream exchange. At present there lacks a single mainstream P2P marketplace which allows more than one cryptocurrency to be traded for fiat currency simultaneously.

This has created additional onerous fees for users whose only desire is to purchase a nonmainstream cryptocurrency with fiat cash as their starting point, as they must utilise more than one exchange and pay all associated fees to complete their purchase.

They must also pay the transaction fees involved in withdrawal from one marketplace to another. This increases not only user inconvenience and wallet software requirements, but also user exposure to platform failure or hacking.

In addition, the centralised ownership and clandestine company structure of mainstream exchanges allows little investment opportunity for the typical individual. Top exchanges have daily volumes in the billions of dollars, and investors have no mechanism through which they can share in the profits. Giant monopolies now dominate the cryptocurrency exchange market counterintuitively to the very fundamental global economic inefficiencies that blockchain technology has the ability to solve.

Creating the Solution

The digital ecosystem is here to stay, and the mainstream economy is beginning to embrace the ideas of decentralisation and unrestricted trade.

LocalCoinSwap represents a return to the most fundamental system of asset exchange without reliance on mainstream institutions - the P2P trade. By enabling P2P trading of all digital currencies LocalCoinSwap will put the market back into the hands of its users, allowing them to directly trade any cryptocurrency using any conceivable payment method in any geographical location.

There is currently a gap in the cryptocurrency market creating an unserviced demand. Across community forums and social media sites in which traders participate, it is a common frustration that users are unable to quickly or easily purchase non-mainstream cryptocurrencies.

Users also express repeated concerns about overseas banking transfers and onerous verification procedures.

The LocalCoinSwap infrastructure will close this gap in the market, not only by offering a P2P exchange for all cryptocurrencies, but by also tokenizing ownership of the exchange itself into the hands of its users through the world-first Cryptoshare system.

HOW IT WORKS

A. The Platform

OPPORTUNITYThanks to LocalCoinSwap, traders can purchase any cryptocurrency directly

B. Sign In

Simply sign up to LocalCoinSwap, instantly, and without unnecessary verification requirements

C. Explore

Search a wide variety of cryptocurrency ads for the best deal

D. Trade

Agree on the payment method and enter into a trade

E. Trustless Transaction

LocalCoinSwap holds the cryptocurrency in escrow while direct payment is made between traders

F. Complete Trade

Once payment arrives the cryptocurrency is released to the buyer, and the trade is complete

Cryptoshare ico

Directly trade any cryptocurrency, using any conceivable payment method, in any geographical location

#. COMMUNITY FOCUSED

Dedicated support team, integrated social media features

#. COMMUNITY OWNED

100% of profits distributed to users through the blockchain

#. DEMOCRATICALLY OPERATED

Operated through voting in a proof-of-stake system

#. WORLD’S MOST INCLUSIVE EXCHANGE

Instant signup, no verification & no restrictions

#. COMPLETE TRANSPARENCY

Public financial announcements, open-source contract code

#. EXTENSIVE COIN COVERAGE

More cryptocurrencies than any other peer-to-peer exchange

#. CUTTING-EDGE SECURITY

Multi-signature transactions. 95% of funds in cold-storage

#. INTRINSIC TOKEN UTILITY

Dividend profits in multiple currencies. Airdrops of new ICO tokens

Cryptoshare Benefits

#. DIVIDEND INCOME STREAM

LocalCoinSwap decentralises the most crucial part of the exchange: the profits. Cryptoshare holders receive guaranteed rights to 100% of the profits from trades on the LocalCoinSwap exchange.

#. CRYPTOSHARE HOLDERS RUN THE EXCHANGE DEMOCRATICALLY IN A PROOF-OF-STAKE VOTING SYSTEM

An open source democracy contract hosted on the blockchain publicly tallies votes on user-submitted issues to decide the operation of the exchange

#. ACCESS TO AN ENTIRE PORTFOLIO FROM HOLDING A SINGLE ASSET

Cryptoshare holders receive profits in all of the cryptocurrencies traded on the exchange, an income stream denominated across an entire portfolio of digital assets.

#. CRYPTOSHARE HOLDERS RECEIVE AIRDROPS OF NEW ICO TOKENS LISTED ON THE LOCALCOINSWAP PLATFORM

LocalCoinSwap provides 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

The world's most inclusive cryptocurrency marketplace

More cryptocurrencies, more payment methods

#. LocalCoinSwap will offer a wider selection of cryptocurrencies than any existing peer-to-peer exchange.

#. LocalCoinSwap will offer all conceivable payment methods for purchasing or selling, including custom options added by the community

Community-focused, community-owned

#. LocalCoinSwap incorporates social media interactivity into the trading platform, with custom user profiles, friend lists, achievement badges and special awards.

#. Cryptoshare holders run the exchange together in a proof-of-stake voting system. Vote on additions of digital assets, site updates, new business ventures, and more