Why should you buy LCS - LocalCoinSwap CryptoShares: CryptoDividends explained

Following up on the recent YouTube video, here is a concise overview of the main principles.

When buying / investing in LCS - you become a co-owner of the project and platform. 100% of profits will be directly distributed through the blockchain to CryptoShares (LCS) holders!

How the platform works

LocalCoinSwap is a peer-to-peer marketplace. This means that buyers and sellers can find each other and transact trades. In a nutshell, the process is comprised of:

=> Identify / select coin to trade

=> Buyer and seller agree on price & volume

=> CryptoCurrency is held in Escrow by LocalCoinSwap
Escrow is a legal concept in which a financial instrument or an asset is held by a third party on behalf of two other parties that are in the process of completing a transaction.

=> Fiat transaction outside of the platform (from buyer to seller)

=> Fiat arrival: cryptocurrency released from escrow to buyer & 1% commission from seller to LocalCoinSwap

The profits

In regards to exactly how much money we could make off this, that depends on a couple variables. These are, the trend in adoption/volume of cryptocurrency trading, and the relevant market share that LocalCoinSwap will acquire. We believe that we are still in the very early stages of adoption of cryptocurrency since it is still such a new industry. So the LocalCoinSwap platform is entering the market at an ideal time (when lots more money is also entering). So we can only see future increases in the trading volume, as seen over the last few years.

When it comes to the LocalCoinSwaps relevant market share: we are ensuring that we have a strong place in the market by positively differentiating our product from other exchanges in terms of features and returns. Also by running this ICO, we are bringing traders onto the platform before it even launches.

Currencies on LocalCoinSwap and their Volume

The profits are generated through traded volume. As mentioned above, various factors might affect the profit generation capacity of the platform. Nonetheless, below is a conservative estimation presented of potential volume to be reached by LCS soon after its initiation.

Over the last few weeks the development team has worked tirelessly to upgrade the LocalCoinSwap back-end wallet systems. Crucial to this process was the assistance of our new technical advisor George Kiminios - CEO of Coinomi Wallet. These wallet systems will be the same wallet systems we use on the exchange, so every currency you can invest with now will also be trade-able on the LocalCoinSwap exchange.

We have now successfully implemented the following new currencies:

Monero - Ripple - EOS - Tronix - Tether - VeChain - Binance - PowerLedger - Decision Token - Golem - Walton

All of these currencies will now be available as payment methods for the whole of the ICO, along with the original 6: ETH, BTC, LTC, DASH, BCH and ETC - and will also be available for trading on launch of the LocalCoinSwap exchange. This means the exchange will now open with a minimum of 17 currencies as opposed to the 10 we originally promised.

While several more Cryptocurrencies will be introduced before the launch of the platform in August (such as Stellar, Cardano, Neo) , let's proceed with these 17 for practical considerations in the below example.

The daily volume is a conservative estimation and is based on a small exchange (in this case a minor Australian exchange has been used - with a small national market). Alternatively, estimates from LocalBitcoin can be used and latest reports suggest profits of 27 million per year (for 1 Coin only).

How are dividends paid

Dividend tokens are distributed to the same wallets that are holding Cryptoshares on a 1 to 1 basis.

These dividends are then redeemed via a smart contract for all the currencies traded on the platform.

Dividend tokens

Each period/quarter - unique dividend tokens are distributed linked to the profit of that period/quarter

Dividend token (t1)

(Crypto#1-crypto#2-...crypto#20)

Dividend token (t2)

(Crypto#1-crypto#2-...crypto#22)

...

Dividend token (tn)

(Crypto#1-crypto#2-...crypto#100)

Where the number of cryptocurrencies can grow (when we introduce new coins to trade) and the amount of each coin distributed is in function of that periods / quarters profit

So dividend tokens are unique for each period & are linked to the value/profit made in that period & number or cryptocurrencies traded on platform for that specific period

=> Before distribution of dividends in each period - a snapshot of the ethereum blockchain is taken to identify ERC20 Addresses holding LCS tokens.

=> Dividend tokens for that period (in this example LCSdt1) are sent to the respective address in 1 to 1 ratio.

=> LCS owner sends dividend tokens (LCSdt1) to a smart contract and specifies addresses for respective currency.

=> Dividends are automatically distributed in function of amount of LCSdt1 sent.

As mentioned before, the above example is based on conservative numbers and even more currencies (such as Stellar, Cardano, Neo and more) will be introduced before the launch of the platform in August.

Watch the full video here

So what are you waiting for - Join Us!

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"Refer and Earn"
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To find your link, sign in to the payment portal using your email, a password and your ERC20 wallet address.
http://ico.localcoinswap.com/