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LocalCoinSwap is building a P2P cryptocurrency exchange and launching an associated Cryptoshare (LCS) 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.
Furthermore LocalCoinSwap distributes 100% of the sites profits to holders of Cryptoshares (LCS) on a 1-to-1 basis, through a blockchain-based decentralized dividend application.
LocalCoinSwap dividend currencies are the same currencies traded on the exchange. Traders receive regular payments across an entire basket of cryptocurrencies, just from holding one asset.
LocalCoinSwap will open with a minimum of the 10 most traded cryptocurrencies, expanding continuously to integrate more. The funds raised in the crowdsale are being used to increase the selection of currencies supported at launch.
Cryptoshare (LCS) holders receive free airdrops of new ICO tokens listed on the LocalCoinSwap platform, as well as special offers from companies trying to raise pre-ICO funding.
Cryptoshare holders can even vote on important decisions in the running of the exchange.
Token Status and Distribution
Initial release schedule：February 2018
Total supply：81,743,155 LCS 68,466,455,433（initially 100 million LCS created => after first burn 81.7 million left， secondary burn of around 9 million LCS is planned for first week of July)
1 ETH = 1050 LCS；
Token Allocation ：
Public ICO: 70%, (unsold burnt) => 43 million approximately will be left after second burn
Community Venture fund: 10%, => 10 million LCS (locked)
Team: 10%, => 10 million LCS (locked for 1 year)
Security: 5%, Bounty: 5% => 5+5 million LCS