Hello everyone! My name is Jorge Ruiz, I lead the Air Protocol team. We want to share with you our proposal for the creation of localKSM.

LocalKSM is will be an implementation of the Air Protocol to create a P2P exchange focused on KSM tokens. The project will consist of an app for iOS and Android that enables users anywhere to list proposals for selling or buying KSM at a rate they specify and with a payment method of their choice.

Our team has worked on developing a protocol for the creation of decentralized p2p markets and on/off ramps. The protocol itself is blockchain agnostic and we want to develop and implementation to support KSM as well as release the apps. This implementation would also be able to support DOTs in the future, as long as the MultiSig implementations are rollout onto polkadot.

I previously co-founded airtm(dot)com a platform for digital p2p dollars. Through it we enabled hundreds of thousands of users in LatAm to receive remittances and save their money in a stable currency. I left Airtm to create the Air Protocol, which is the result of my experience there. It is clear to us the great reach p2p have and we believe it is an essential step to further the ability of people to have access to better services and join the coming digital economy.

We would love to hear feedback from the community, both to see if anyone has put effort towards something like this before? And also to understand if there is interest on this implementation and applications.  I’m looking forward to hearing your thoughts!

Our team is very enthusiastic about Polkadot and Kusama (and in general substrate). We are planning on developing the second phase of our project with the use of substrate. As part of extending the capabilities of the Air Protocol we will be developing the Air Protocol chain which will serve as a stateful layer for our system, our intention is creating that chain as a Parachain on polkadot.

You can checkout the proposal at:

/ipfs/QmXn8A5Gng6cQKMYR8TKU2k7F2JJp8j4FjbDsi5Yn6hHir
https://ipfs.io/ipfs/QmXn8A5Gng6cQKMYR8TKU2k7F2JJp8j4FjbDsi5Yn6hHir?filename=localKSM_Proposal.md
https://drive.google.com/file/d/1wnanNcaSnv0ygLE2HDXWgzDUpbmEIhfb/view?usp=sharing

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

 # <weight>
 - O(1).
 - Limited storage reads.
 - One DB change.
 # </weight>

:

- Air Protocol team is proposing the creation of LocalKSM, a decentralized peer-to-peer exchange for KSM tokens
- The project will consist of an app for iOS and Android that allows users to list proposals for selling or buying KSM at a rate they specify and with a payment method of their choice
- Air Protocol is blockchain agnostic and the team is looking to develop implementations to support KSM and potentially DOTs in the future
- Air Protocol team previously worked on Airtm(dot)com, a platform for digital p2p dollars
- Looking for feedback from the community regarding project and if anyone has attempted similar endeavors previously
- Planning on developing a second phase of the project utilizing Substrate and creating an Air Protocol chain as a Parachain on Polkadot

#129 Creation of LocalKSM.com apps (iOS and Android) implementing Air Protocol for censorship resistant non custodial p2p exchange.