LAToken - The Bridge Between Crypto Currencies & Real Economic Markets
One of the most promising ICOs of the year has been launched in August with a powerful first round sale. The name of it is LAToken
LAToken
LAToken stands for Liquid Asset Token.
The LATokens are Ethereum ERC20 compatible. It is currently tested on the Ethereum network and on Hyperledger.
As the name says, it wants to be the bridge between the crypto currencies and the existing economic market. Main focus will be the real estate, the equity and the art market.
They are doing this by giving asset owners a new way to gain liquidity by making fractional asset ownership possible and tradable with minimal transaction costs. This is done when the asset owners issues LATokens and sells fractional shares via the LAT marketplace, while he keeps the actual asset for his use instead of borrowing the money and paying interest or for rent.
Mission
LAToken transforms access to capital, and enables cryptocurrencies to be widely used in the real economy by making real assets tradable in crypto.
We decentralize capital markets, making them more transparent, efficient and sustainable, while removing the cost of traditional middle men and “too big to fail” institutions.
This results in smarter capital flow, empowering people across the world to bring their most productive ideas to life for the ultimate benefit of society.
Source: https://blog.latoken.com/
Token Distribution
The Token sale started on August 22, 2017, and will be completed in 4 rounds with proceeds used for the trading development of tokens linked to key asset classes: Round 1 – Equity, Round 2 – Real estate, Round 3 – Debt and commodities, Round 4 – Liquid assets (e.g. artwork).
Round 1 was completed on Aug 22-24 with 30 million tokens sold. Round 2 is scheduled on Sep 5-12, Round 3 on Sep 19-26 and Round 4 on Oct 3-10. The total number of tokens for sale during Rounds 2-4 is 150 million.
Liquid Asset Token © 2017 LAToken.com 40
Round 1 was limited to 30 million LAT offered at 0.0010 Ether (1 ETH = 1000 LAT). LAT price for Round 2 is 0.0011 Ether (1 ETH = 909 LAT), for Round 3 – 0.0013 Ether (1 ETH = 769 LAT), for Round 4 – 0.0014 (1 ETH = 714 LAT).
600,000,000 LAT will be frozen by LAToken. Freeze period: 5 years from the token sale end. After the freeze period, ~0.05% of total frozen token
Source LAToken Whitepaper
How it works
There are two ways to use the LAToken.
One is by trade on the LAT Platform, where cryptoholders can buy asset tokens linked to prices of publicly traded assets (shares, bonds and commodities):
- LAToken issues Asset tokens linked to prices of publicly traded assets (e.g. an Apple share)
- Cryptoholders buy Asset tokens at an auction on the LAT Platform
- On the pre-determined settlement date LAToken buys back Asset tokens from cryptoholders at the current market price of the underlying asset (e.g. the current market price of an Apple share at the NASDAQ)
And by tokenazing assets. LAToken allows to easily issue and trade asset tokens linked to previously assets like real estate and works of art:
- Asset owner sells part of the asset to a LAT-certified custodian
- The custodian issues asset tokens linked to the asset value and sells them to cryptoholders
- Cryptoholders may sell the asset tokens on a secondary market
- The asset owner buys back the asset tokens on the settlement date or the custodian sells the asset at a fiat auction and distributes the proceeds among the asset tokens’ holders
The wallet has already been launched since June 2017 and can be accessed at the following address: https://wallet.latoken.com
It can already be used for trade for different assets.The whole platform is not ready yet, but it moves very good.
The Road Map
Source LAToken Whitepaper
The Team
Contact & Social Media
Steemit: https://steemit.com/@latoken
Telegram: https://t.me/latoken
Slack: https://latoken.herokuapp.com/
Facebook: www.facebook.com/LiquidAssetToken/
Twitter: https://twitter.com/LATokens
Github: https://github.com/latoken
You can also contact them at ico@latoken.com.
Opportunity
- The markets they tackle are huge. Even getting a very small slice of them, they are going to be huge. Splitting the assets into small parts by tokenization can give access to low money investors and the range of the investors grows exponentially by this. Imagine investing only a couple of dollars into a Manhattan property for example.
- Compared to other ICOs the team is one of the best assets they have. From CEOs with experience in every market they want to approach to developers. Just look at Mitchell Manoff's profiel and experience.
- Another point is that the company is functioning since 2014 where it has had it first home equity sale
Risk
the speed of the Ethereum network. If they manage to achieve 5% of what the target is, the speed of the transactions will be slow
legislation implementation like the SEC restrictions in the US
China ICO ban, which affects the crypto market
Let us know in the comments your views on this ICO and what ICO you are interested in.
Disclaimer: The views expressed in this article are solely the author or analysts and do not represent the opinions of ADSactly on whether to to buy, sell or hold shares of a particular crypto currency, cryptographic asset, stock or other investment vehicle.
Individuals should understand the risks of trading and investing and consider consulting with a professional. Various factors can influence the opinion of the analyst as well as the cited material. Investors should conduct their own research independent of this article before purchasing any assets.
Past performance is no guarantee of future price appreciation.
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