Skip to content
Permalink
Branch: master
Find file Copy path
Find file Copy path
Fetching contributors…
Cannot retrieve contributors at this time
50 lines (30 sloc) 1.92 KB

Things you should know

For the Starter

  • Security and Control over accounts and funds: No one can access your funds unless you let them, intentionally, or unintentionally. With the power to be independent from 3rd parties, comes the responsibility to protect what belongs to you.
  • Can interact with people directly: With LocalCoin it becomes possible to interact with people directly without needing to go through a middleman. Hence, LocalCoin is a platform of free speech that implements a payment platform and exchange for digital goods.
  • Fast: Transactions in LocalCoin are verified and irrevocable in only a few seconds time.
  • Decentralized Committee: Decisions that can effect the LocalCoin ecosystem are made using a on-chain committee voted upon by shareholders. Hence, no single entity can change the deal retroactively.
  • Flexible: Protocol upgrades (formerly known as hard forks) can be implemented and executed to improve the LocalCoin business over time and allow to react on.

For the Investor

  • Become LLC Holder: If you buy LLC either from a partner exchange or from the DEX, you become a LLC Holder of the LocalCoin decentralized business and as such can take a cut of its profits and participate in votes for future directions.
  • Expenses: Vote for expenses of the business and hire workers to do important tasks for LocalCoin.
  • Leaders: Participate in political decisions by voting for committee members that represent your views!
  • Protocol upgrades: Improve the technology, integrate new features and adept legal and regulative changes by voting for upgrades.
  • Decision making for a profit: Take part in decision finding about fair pricing models for transaction fees to a) increase growth and b) make LocalCoin profitable for its shareholders



You can’t perform that action at this time.