Following on from our initial Polkassembly discussion post we are pleased to submit our proposal for the first milestone of the LocalCoinSwap non-custodial trading implementation.
Github: https://github.com/LocalCoinSwap/
Homepage: https://localcoinswap.com/
Intro:
LocalCoinSwap is a P2P cryptocurrency exchange which focuses on providing trustless fiat on-ramp solutions, enabling global accessibility for cryptocurrencies. We bridge the gap between users and crypto where centralized exchanges fail, in particular across developing regions of the world where access to mainstream finance is limited.
After a successful proof of concept with Kusama, we are now looking to extend the underlying infrastructure that we have developed to make a single package that is generically useful for any arbitrary number of parachains and tokens. We will then use this package to develop an open-source non-custodial trading integration for Polkadot. This will allow a trustless non-custodial fiat on/off ramp for DOT.
Following on from the discussion in the original thread, we have updated the proposal to better reflect the full scope of the project. Please check out our detailed proposal below and we welcome any questions or feedback:
https://docs.google.com/document/d/1vP54xXbJxPC1nJQ0RA7TC4S16mFAuNvSP6iDxfFFcPc/edit#
LocalCoinSwap is a P2P cryptocurrency exchange that helps people buy and sell cryptocurrencies. They want to make it easier for people in developing countries to access cryptocurrencies. They have successfully tested their system on Kusama and now want to make it work for Polkadot. They plan to create an open-source non-custodial trading integration for Polkadot, which will allow people to buy and sell DOT without relying on a third party to hold their funds. They have submitted a proposal for the first milestone of this project.