LocalCoinSwap ICO (LCS)

A P2P cryptocurrency exchange where token users receive 100% of the profits.

LocalCoinSwap is a decentralized cryptocurrency exchange that has been developed to create the most financially transparent cryptocurrency exchange in the world, according to the exchange's developers. LocalCoinSwap promises to distribute 100% the exchange's profits to its users. Users also have the right to democratically vote on all aspects of future development of the exchange. The ultimate goal of LocalCoinSwap is solve all of the problems faced by today’s centralized and decentralized cryptocurrency exchanges. It will boast an escrow service to pertain safety of decentralized cryptocurrency exchange operations.

Start Date

15 Apr, 2018

End Date

15 Jun, 2018

LocalCoinSwap Score Analysis

LocalCoinSwap seems to have invested quite a lot in its marketing and into ensuring that its website looks good and is up to date. They also have a rather ground-breaking idea of distributing all profits to token holders and giving them voting rights making it reminiscent of a cooperative. On the other hand, the team appears to be inexperienced and misapplied especially in the technical field, with the CTO having no real experience in the field. LocalCoinSwap's blockchain developer also seems to be rather inexperienced in development of blockchain technologies. Moreover, the cryptocurrency exchange market is very competitive and contains many strong competitors with an already active product.

LocalCoinSwap Use of Token

LCS Cryptoshares are the exchange's native token. There will be a total supply of 100 million LCS Cryptoshares. 70 million tokens will be available for purchase through the pre-ICO, pre-sale, and ICO combined. The remainder of tokens will be allocated to a venture fund, the use of which will be voted on by users. LCS Cryptoshares represent ownership shares of the platform. Just like the issuance of regular shares and the distribution of profits via dividends.

Organization

LocalCoinSwap
Platform

Ethereum
Coin type

Utility Token
Category

Exchange
Soft cap

500,000
Max cap

20,000,000
Max supply

100,000,000 LCS
Price

0.40

LocalCoinSwap Token Sale Stages

Stage
Start date
End date
Amount of Tokens
Price
Discount

- Pre-Sale
- 15 March, 2019
- 30 March, 2019
- 10,000,000 LCS
- 0.4
- 40
- Claim
- Crowd sale
- 15 April, 2019
- 15 June, 2019
- No limit
- 0.4
- Claim