In recent days, electronic money (e-money) exchanges focus on security risks, inefficiencies, unreasonable verification needs, and long waiting times. In this way, these ecosystems can follow unethical business practices that include run-ahead, fraudulent pricing, and insider trading. With these issues, the exchanges will never become secure and transparent in their business dealings.
Therefore, it is necessary to create a peer-to-peer (P2P) market that provides a direct access and defines between the seller and the buyer - represents the purest form of market trading free. That is the reason why we need a platform that implements a new approach to traditional corporate ownership, by unleashing the power of blockchain technology.
With blockchain technology, the profitability of this platform can be distributed to those who hold the token in the most transparent way. Why is this transparency important? Why should you care about a transparent exchange? That's because the exchange promises to distribute 100% of the profits to the community.
Today, I would like to introduce you about the detail of LocalCoinSwap – the excellent product in the world transferring system.
1. What is Local CoinSwap?
LocalCoinSwap is a decentralized market. It allows sellers and buyers to directly trade using any electronic money. There are many different payment methods that made this transaction. So that, by using this ecosystem, it will be simpler and easier to provide a secure, fast, uncomplicated peer-to-peer (P2P) transaction platform. The uses can freely exchange e-money without worrying about waiting time or asking for unnecessary verification.
The most indispensable part of any exchange is its margin system. The development team at LocalCoinSwap knows that it is good because it uses a high security deposit system that will solve all the credible issues inherent in online P2P transactions. In addition, this ecosystem is planning to support all the different options of electronic money.
Communities are also allowed to vote democratically in all aspects of the market.
Communities are also allowed to vote democratically in all aspects of the market.
In summary, LocalCoinSwap is aiming to make a better P2P e-money exchange that has no any problems of centralized and decentralized exchanges nowadays. It will have a margin service that facilitates the exchange of decentralized e-money, making it a more decentralized exchange.
2. Which feature does LocalCoinSwap have?
LocalCoinSpap is emphasizing low cost for merchants. Users will facilitate peer-to-peer transactions, meaning that you do not have to pay a brokerage fee. LocalCoinSwap also claims to support more cryptokurencies and methods of payment than any other peer-to-peer exchange in existence. LocalCoinSwap solves some of the biggest problems of the cryptocurrency market:
• The cryptocurrency economy is now filling the monopoly giant: LocalCoinSwap is the most comprehensive exchange in the world. No discrimination, no registration required and no verification required. Secure, easy and fun transaction interface.
• LocalCoinSwap distributes 100% of the profits to the owners of Cryptoshares on a 1- to 1 basis, through a blockchain-based dividend application.
• The current P2P market only supports a large number of crypto and payment methods are very small: LocalCoinSwap has a perfect peer to peer system. No centralized bank account, no verification required, and no commercial restriction.
• Major transactions are dominated by commercial banks and restricted trade: LocalCoinSwap will open with at least 10 most traded cryptocurrencies, continually expanding to integrate more. Mobilization funds are being used to increase the selection of supported currencies upon launch.
3. What benefits that LocalCoinSwap bring to user?
• Dividend Earnings: LocalCoinSwap decentralizes the profit - the most important part of the exchange. Cryptoshare software owners get 100% of the profits from trading on LocalCoinSwap.
• Cryptoshare owners operate fairly in the voting stock voting system: An open-source democratic contract is held on a blockchain to publicly vote on user-submitted issues that decide the activity of the exchange.
• Accessing an entire file from Holding a Single Asset: CryptoSoft software holders receive a profit in all types of crypto traded on the trading platform, a line of income is named on the whole name digital asset item.
• Centralized exchanges often restrict the registration of new users or require users to disclose intimacy information before making a transaction.
• Centralized exchanges have unclear regulations based on the countries in which they operate
• Existing crypto hierarchies are fragmented and inconsistent
• De-centric exchange is especially difficult for people who are trading in less common fiat currencies or crypto.
• Many users are forced to exchange their little-known crypto into well-known cryptocurrency (such as BTC or ETH) before buying the token they really want to buy.
• In addition, today's deal does not allow users to share the profits gained from the platform.
4. How about its development team?
LocalCoinSwap’s development team is a group of qualified cryptocurrency professionals, who cannot quickly or easily buy and sell new digital assets. Although there are many mechanisms exist for buying crypto with other passwords, few supporters want to enter the market in currency and buy fast with many traditional payment methods. The idea for LocalCoinSwap was born out of personal need and desire of the group.
Along with the team are based on many experiences from a variety of fields, including Economics, Computer Science, Commerce, Marketing, Mathematics and even Molecular Genetics. They are: Aapeli Vuorinen - Top Security Engineer - Bachelor of Mathematics (Primary Mathematics); Nathan Worsley - Technical Officer - Bachelor of Economics (Specialization in Econometrics); Thomas Underwood - Finance Director - Bachelor of Commerce (Accounting and Finance); Valéri Natanelov - Director of Marketing - PhD, commodity futures market, … The decision-making process in the development team is democratic and based on the vision shared by all team members.
LocalCoinSwap operates in the form of a company in Hong Kong, which was established in 2015. It originally operated as a private hedge fund owned by two employees before starting to develop the exchange. Geographically, LocalCoinSpap employees reside in Hong Kong, Australia, Canada and New Zealand.
5. CONCLUSION
LocalCoinSwap helps to create a better electronic money exchange, solving the problems of centralized and hierarchical exchanges. This is a great project, they have highly specialized experts, a project "world's most comprehensive electronic money market". This is a great project, personally I highly appreciate this project, the article is the information I gathered to share with everyone.
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Author by: Hellokitty6
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