1. Things you should know¶
1.1. 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.
1.2. For the Investor¶
- Become LLC Holder:
If you buy
LLCeither 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