Local Token Exchange | Decentralised Cryptocurrency Exchange

Local Token Exchange system provides a more efficient financial system with decentralized platform. It integrates the best of a P2P decentralized exchange with the same liquidity which was offered under centralized platform. It is like a paradigm-changing model which facilitate for a distributed digital currency ecosystem.

The current centralized token exchange system was struggled with following problems.

Centralized cryptocurrency exchanges

Fraught with inefficiencies

Long wait times

Security risks

Time consuming verification requirements

High barriers to entry for a large proportion of potential users

Concentrated liquidity on a few exchanges

Fraud can be happened as a result in the loss of funds of the user

A related party or the exchange administrator runs the Front

Following benefits are offered by the newly built Local Token Exchange system in order to fill the gap of the existing token exchange system.

Trading a comprehensive range of cryptocurrencies

Providing deep liquidity

Making trade faster and easier

Making easier the processes of Know Your Customer(KYC) and Anti Money Laundering (AML)

Transparency

Paying regular dividends

Including future cryptocurrencies by allowing ICO airdrops

P2P market places and exchanges

Decentralized way to connect buyers and sellers directly and users

would have control over their funds

Trustworthiness

The innovative distributed ownership

Delivering the majority of the profits directly into the wallets of token holders and users.

Order books and transaction activity take place on the blockchain in order to control the money.

No middleman fees

Assets are not susceptible to hacks

Accordingly, The Local Token Exchange system becomes the force in the cryptocurrency exchange market.

There are four types of decentralized exchanges. They can be identified as,

Exchanges

P2Ptrading

Dark pools

open protocols for Decentralized Exchanges

The exchange system is designing by considering the purpose of the exchange, cross chain orders, Order Books and matching orders, Liquidity, Latency and front-running and volatility in the market.

The project earns revenue from trading fees, escrow fees, withdrawal fees, ICO Listing and ICO Airdrop. The Local Token Exchange accepts Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP).

The Token use in this project is called as LTE. The Total supply of LTE into the market is 77,963,600. All the payments are accepted for this Token (LTE) in Ethereum (ETH) where Nominal value of ETH is €0,25c. One ETH is equal to 2,286LTE. Minimum soft cap requirement is €1,000,000 where maximum hard cap requirement is €19,490,900. The Local Token Exchange system has community based Bonus Structure where it has a greater transparency by having Open source (public GitHub).

Pre-ICO Sale is conducted in three stages.

Stage	Discount	Starting Date	Ending Date
1st stage	30%	30/07/2018	10/08/2018
2nd stage	25%	11/08/2018	20/08/2018
3rd stage	20%	21/08/2018	30/08/2018

Initial Coin Offering is conducted in two stages.

Stage	Discount	Starting Date	Ending Date
1st stage	10%	31/08/2018	05/09/2018
2nd stage	No discount	06/09/2018	10/09/2018

The LTE Tokens are distributed as follows,

Token sale 58%

Dividend reserve 25%

Advisors 3%

Team 13%

Bounty 1%

Airdrop 1%

The funds raised from the Token issue will be used for platform development and the further development of the project and the team. It is planned as follows.

Marketing 25%

Legal 3%

Development 40%

Contingency 3%

Operations 30%

The Local Token Exchange system expects to archives followings in the near future.

Pre IOC and IOC

LTE private Beta on testnet

Launching LET on Mainnet

Pay dividend to investors in 1st quarter of 2019

Releasing API

Releasing LTE App

Increase the no of languages use in this platform (Spanish, French, Korean)

Finally, The Local Token Exchange system will come up with 100,000 active users at the end of 3rd quarter of 2019.

The Local Token Exchange system drives toward the success by an excellent team that comprises with highly qualified and well experience nuts. They are experts in network technology, economics, social media, promotional marketing, financial accounting, foreign languages, market analysis, blockchain technology and computer science and so on.

Local Token Exchange Team