Following on from our initial [Polkassembly discussion post](https://polkadot.polkassembly.io/post/144#9a968c2d-15a1-4252-9015-303d83145838) 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#

 Approve a proposal. At a later time, the proposal will be allocated to the beneficiary
 and the original deposit will be returned.

 May only be called from `T::ApproveOrigin`.

 # <weight>
 - Complexity: O(1).
 - DbReads: `Proposals`, `Approvals`
 - DbWrite: `Approvals`
 # </weight>

 Summary:
1. LocalCoinSwap is a P2P cryptocurrency exchange focused on providing trustless fiat on-ramp solutions for global cryptocurrency access.
2. After a successful proof of concept with Kusama, they are now looking to extend the underlying infrastructure to be used for any arbitrary number of parachains and tokens across the Polkadot network.
3. The proposal looks to develop an open-source, non-custodial trading integration for Polkadot, allowing for a trustless, non-custodial fiat on/off ramp for DOT.
4. A detailed proposal is available for review. Questions and feedback are welcomed.

#36 LocalCoinSwap Treasury Proposal - Python Substrate libraries upgrade & Polkadot integration

No Active Proposals