LocalCoinSwap Whitepaper

LocalCoinSwap (LCS) is a decentralised marketplace which allows buyers and sellers to trade
directly in any cryptocurrency using any method of payment. LocalCoinSwap provides a safe,
uncomplicated and fast peer-to-peer (P2P) trading platform, allowing users to freely exchange
without unnecessary verification requirements or waiting times. The platform utilises a secure
escrow system that solves the inherent trust issues of online P2P trading.

LocalCoinSwap is holding a crowdsale event of LCS Cryptoshares. Cryptoshares are a digital
asset which will be used to facilitate distribution of all profits made by the LocalCoinSwap
platform, in addition to all profits made by new business ventures under the LocalCoinSwap
umbrella. Cryptoshare holders will additionally receive airdrops of new ICO tokens listed on the
LocalCoinSwap platform.

The platform implements a novel approach to traditional company ownership by utilising
blockchain technology to distribute the entirety of the site’s profits to holders of LCS
Cryptoshares. This asset entitles investors to regular dividend payments denominated in all of
the currencies traded on the platform. Holders of the Cryptoshare may also participate in the
long run vision and decision making of the company itself through democratic voting in a proofof-stake system. This replicates the dividend payments and shareholder voting of traditional
companies, with the added benefits of blockchain technology and decentralisation.
Funds raised from this crowdsale event will be used to expand and speed up the development of
the LocalCoinSwap platform and increase the number of cryptocurrencies which the platform is
able to support on release.

Centralised cryptocurrency exchanges in their current form are fraught with inefficiencies, security
risks, long wait times and unreasonable verification requirements. This results in high barriers to
entry for a huge number of potential users. Commonplace also are unethical business practices
including insider trading, front running, and deceptive pricing.
As long as these problems exist, there will always be a demand for P2P marketplaces. P2P
marketplaces provide direct access between buyers and sellers, which represents the truest form
of free market trading.

The future of the digital currency ecosystem relies on the development of a robust P2P exchange
which supports a diverse choice of cryptocurrencies. The innovative distributed ownership model
offered by LCS Cryptoshares will bridge this gap in the market, while delivering the profits of
the platform back into the hands of its users. In addition, LocalCoinSwap will be the catalyst for
expansion of the cryptocurrency market by enabling new users through the elimination of all
barriers to entry.

LocalCoinSwap Website
LocalCoinSwap Whitepaper

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