Coin Cryptos: LocalCoins Builds The Details With The Best System For Mutual Success

LocalCoinSwap announces Mario Innecco as new advisor

As we approach the end of our presale and reach closer to our ICO goals, we have started to take expansionary steps in anticipation of a successful LocalCoinSwap exchange launch in August this year.

The most important measure of which has been the addition of new LocalCoinSwap team members, the latest of whom is Mario Innecco who joins our Advisory Board. Mario brings a wealth of knowledge from Traditional Derivatives Brokers Private Bankers and Government Bond and Traders Derivatives Brokers.

Click here to view the full LocalCoinSwap team

How long have you been involved in financial markets and how would you describe you financial background?

I started out while I was still at university in Geneva around 1987 or so. I met a futures broker through a friend who showed me his his office and trading desk. He told me about options and how you did not need as much capital to put a trade on. I opened an account and put my first trade on and I remember it well. I bought call options on coffee futures (KC). I spent a few hundred dollars and after all the commissions I actually made $ 37.50 profit. It was not much but it got me hooked into markets and that is when I decided I wanted to work in the markets. My professors at university tried to get me to do the masters in International Relations but I decided it was time to work.

It took a while to get my foot in the door. I got a position as an intern for six months for a bond trading firm in London and was then offered a position in Geneva by a private bank that owned part of the London firm. I worked in Geneva for two and a half years where I learned about bonds, stocks, derivatives and foreign exchange. I started out in settlements and was then trained to execute trade orders in all different asset classes.

In 1992 I was offered to work in London for Cantor Fitzgerald International as a U.S. treasury and eurobonds sales person. I later decide to go into the futures of business and worked until 2012 as a futures and options broker for major brokerage houses and investment banks. I serviced mainly institutional clients such as treasury departments, mutual funds, hedge funds and investment banks.

When did you first get involved in cryptocurrency?

I first got involved in crypto currencies back in late 2012 early 2013. As I was already a proponent of sound money and free markets back then, the bitcoin protocol seems like an alternative and quite interesting.

What is your motivation behind getting involved in the LocalCoinSwap community?

I was approached by LocalCoinSwap CFO Tom Underwood about cooperating in the project. After looking into the project, the white paper and having a long chat with Tom I decided to join the project as I think it is a well thought out idea and a gap that needed to be filled. My other motivation is that I have the ability to contribute in helping the project succeed.

Where would you like to see LocalCoinSwap positioned in the cryptocurrency market in the future?

I would like to see LocalCoinSwap as the leading P2P crypto exchange in the cryptocurrency market and offer the widest variety of coins to trade.

Mario has an impressive in-depth knowledge of financial markets and youtube channel.

If you have not already, make sure you also follow our developers of our full inclusive peer-to-peer cryptocurrency exchange.

LocalCoinSwap announces first community vote

As you surely have not, there has been a significant downturn in the value of Ethereum and other cryptocurrencies.

When we first calculated our token metrics, the price of Ethereum was over USD $ 1,000. Accordingly, we pegged the price of LCS Cryptoshares to 0.0004 ETH, a price that would allow us to raise the funds to reach our target hard-cap.

Uses for raised ICO funds

As of now, the value of Ethereum has dropped to USD $ 366. A price that directly affects reaching the hardcap and bonus stages. Early ICO investors have also paid a believing higher price in USD terms of later investors will need to pay.

To rectify these problems and turn the downturn of cryptocurrency into an opportunity, LocalCoinSwap is now officially announcing the first community vote. LCS Cryptoshare holders will vote to decide on the price of LCS Cryptoshares to USD 40c. This will not only allow the hardcap and bonus stages to be reched, but will also preserve the value early stage investors.

To all community members:

Voting tokens have been distributed in a 1-to-1 basis and are already in your Cryptoshare holding wallets. The vote will close on Monday the 9th of April at midnight, at which point the token will be frozen

To add the voting token for to your wallet please use the following details:

Contract address: 0xDa58C06b2ACbB32c647b245ae85621efcc626dCE

(Coinomi users: 0xda58c06b2acbb32c647b245ae85621efcc626dce)

Symbol: LCSV

Decimals: 18

To vote to peg the price of Cryptoshares to USD, send voting tokens to:

0x000000000000000000000000000000000001

To vote for keep the price of Cryptoshares pegged to ETH, send voting tokens to:

0x000000000000000000000000000000000002

The LocalCoinSwap team will implement whichever decision you decide on together as a community. No voting tokens have been issued to the team and we will stay completely impartial on this issue. We will not influence anyone's decision, because it's your choice - not ours.

Want to follow the voting action?

You can follow the voting action live by viewing the LCS voting tokens being sent to each address.

Peg to USD: https://etherscan.io/token/0xda58c06b2acbb32c647b245ae85621efcc626dce?a=0x00000000000000000000000000000000000001

Do not peg to USD: https://etherscan.io/token/0xda58c06b2acbb32c647b245ae85621efcc626dce?a=0x00000000000000000000000000000000000002

Please note: this vote is being taken before the platform launch and so is purely Blockchain based. After the platform launches, we will be providing an integrated dashboard to simplify the voting and dividend process.

LocalCoinSwap completely sells out ICO Pre-Sale! 10 Million LCS Cryptoshares sold and $ 1,500,000 USD raised

LocalCoinSwap is proud to announce the successful end of our pre-sale. As of 3:05 PM UTC + 0 today, a total of 15,000,000 Cryptoshares has been purchased by investors.

This is ICC's ICO begins on April 15.

To register for the ICO, click here

Statistics from the pre-sale funding round:

Average raised per day: $ 104,012 USD

Total revenue raised in USD value: $ 1,560,193 USD

Number of unique investors: 2590

Largest single contribution: 520 ETH

Payment method breakdown: 71% Ethereum / 18% Bank Transfer / 6% Bitcoin / 5% Other

What has LocalCoinSwap done with your contributions:

As the market appears to be in a downwards trend we wished to avoid using investor funds to speculate on future prices. Thus we choose to turn about 30% of each contribution into USD, to protect the viability of LocalCoinSwap against further downwards movements. This resulted in LocalCoinSwap having holdings of $ 600,000 USD in fiat currency, out of the total of $ 1,560,193 USD raised.

We have put out advertisements across various job forums for 3 new developer positions: Senior Backend Developer, Frontend Developer, and Senior Blockchain Developer. We have already got one of these positions with a new Senior Backend Developer on board. We will be hiring only developers with serious experience in production websites and security-focused applications. If you know of a person please email us!

We have retained the services of a dedicated PR team, to gain further traction for the LocalCoinSwap project in mainstream media publications. The success of the platform depends on how we are doing it.

We have begun putting together a foreign outreach team, led by our Chief Marketing Officer Valéri Natanelov. This team includes a community manager from the following languages: Russian, Chinese, French, German, Spanish, Portuguese, Arabic, Korean, and Japanese. Each community manager will be tasked with translating all LocalCoinSwap material into their native language and helping to promote the globally platform. When the platform launches, each community member will provide native language support.

What is next for LocalCoinSwap?

Referral bonuses and outstanding invoices will be paid within the next 24 hours. You can still log in to ico.localcoinswap.com to see your account, invoices and referrals.

Before April 15th a public-facing development process will be implemented. The exact system of how it will operate is still polished, but it will incorporate regular reports and demonstrations of features, questions and answers, sessions, and community feedback. We are excited to make this project as transparent as possible.

A formal introduction of our new team members and advisors will take place in the next couple of days. There are a lot of great surprises in store here, as observant visitors to our website may already have noticed

Thanks again for all your support, we are honored to serve such a great community. We look forward to taking this project to the top!!