After successful completion of the first milestone, we are pleased to submit our proposal for the second and final milestone of the LocalCoinSwap non-custodial trading implementation for Polkadot.
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.
In the first milestone of this project we extended the kusama-utils library that we previously built to create a generic substrate-utils library. We also extended the Kusama-api to create a generic Substrate-API. These packages are now generically useful for any number of substrate parachains and tokens.
For the second milestone, we will be utilizing these libraries to allow Polkadot to be fully tradable on the LocalCoinSwap API as well as through the LocalCoinSwap front-end application. This includes end-user wallet functionality, non-custodial P2P trading, basic and advanced pricing mechanisms as well as allowing crypto-to-crypto swaps.
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 website where people can buy and sell cryptocurrencies without needing a bank account. They help people in places where it is hard to use regular banks.
They finished the first part of their project and now they are working on the second part.
They are making it possible for people to trade Polkadot on their website.
They are making it so people can trade without needing to give their money to the website to hold.
They are also adding features to make trading easier and more advanced.