LAToken - Liquid Asset Token – Real Assets Trading Platform
Concept
LAToken is a blockchain platform for tokenizing and trading real assets globally using cryptocurrencies.As a result, cryptocurrencies will be widely used in the real economy. Investors will buy real assets using cryptocurrencies. Asset owners will unlock the value of assets by selling their tokenized fractions to investors.The platform enchances liquidity and transparency of assets, as well as reduces transaction costs. This will streamline capital markets, increase return on capital and economic performance worldwide.The platform provides to investors transparent price discovery and diversification across multiple assets classes as it allows creation or listing third party asset backed tokens compliant with LAToken disclosure and legal structure rules.
The LAToken platform is already operational allowing to tokenize assets, list them for sale and trade at the LAT platform. Tokenized Apple and Amazon shares are already traded at the LAT platform, trading of tokens backed by real estate and works of art will be launched soon.The LAT platform is already operational allowing to tokenize assets, list them for sale and trade on the secondary market. Asset tokens (backed by Apple and Amazon shares) are already traded at the LAT platform, trading of tokens backed by real estate, gold and works of art will be launched by the mid of August 2017.LAT platform infrastructure includes LAT Wallet, LAT marketplace, Trading terminal, Back office, App store and constructor.
- LAToken allows investors to diversify using cryptocurrency across all the major asset classes ensuring single compliance and disclosure standards. Other asset-backed tokens may be also traded on LAT Exchange if they meet the compliance standards.
- LAToken is based on a profitable home equity marketplace and a back office for hedge funds founded by Valentin Preobrazhenskiy, who invested $1 mln in these businesses.
- The LAT Platform is already operational allowing to tokenize assets, list them for sale and trade on the secondary market. Tokenized Apple and Amazon shares are already traded at the LAT Exchange, trading of tokens backed by real estate and works of art will be launched soon.
LAToken Products
LAToken has four core products, including each of the following. Marketplace, The LAToken marketplace has processed 1000+ home equity loans since being launched in 2013. This was a separate product created by the CEO of LATO, but it’s being adapted for use with the LATO ecosystem.LAT Wallet, The LAT wallet was launched in June 2017.Liquidity Token,The Liquidity Asset Token is currently being tested on Ethereum and Hyperledger.Token Assets Exchange, The Token Assets Exchange is currently in development.
The LAToken ecosystem, or the Liquidity Assets Token (LATO) platform, is built on an existing home equity marketplace, created by the CEO of the company. That marketplace has facilitated 12,000 mortgage offers and more than 1,000 deals from 7 banks and 25 investors in the past six months.Participants will interact with the marketplace using the LAToken wallet. Participants can use the wallet to create fractional assets.To create a fractional asset, owners create an Asset Token, then purchase Proof of Asset service. Then, they list the token on the LATO marketplace.
In addition, an Asset Token issuer can buy insurance or other instruments to make the token more attractive to investors.Using the LATO investment terminal, investors can trade and manage their assets portfolio. The terminal offers trading functions, access to credible assets data stored on the blockchain, as well as asset portfolio analytics tools.If you want to create LATO assets on the blockchain, then you’ll need to pay a fee in LATO tokens.
How It Work ?
At LAT Platform crypto holders can buy asset tokens backed by publicly traded assets (shares, bonds and commodities) using cryptocurrency :
- LAToken issues Asset tokens backed by publicly traded assets (e.g. an Apple share).
- Investors buy Asset tokens at an auction at LAT Platform using cryptocurrency.
- On the pre-determined settlement date LAToken buys back Asset tokens from investors at the current market price of the underlying asset (e.g. the current market price of an Apple share at the NASDAQ).
Now due to much lower transaction costs at LAT Platform even small retail investors can benefit from stocks, bonds and commodities upside potential without converting cryptocurrency to fiat.LAToken also allows to easily trade previously illiquid assets like real estate and works of art:
Asset owner sells part of the asset to a LAT-certified custodian,Asset is tokenized and sold to investors at the LAT Platform,Investors may sell the asset-backed tokens on a secondary market.The seller buys back the asset on the settlement date or the custodian sells it at a fiat auction.
LAToken Crowdsale
The crowdsale will begin on August 22, 2017 at 18:00 UTC (Round 1). The LAToken (LAT) is an ERC-20 token, therefore, only Ethereum is accepted during the crowdsale. The crowdsale will run in four stages, each with a different associated development category that the proceeds will go towards:
- Round 1: Equity; August 22–29, 2017
- Round 2: Real estate; September 5–12, 2017
- Round 3: Debt and commodities; September 19–26, 2017
- Round 4: Illiquid assets (e.g. works of art); October 3–10, 2017
The token price for round 1 will be .0001 Ether per token (LAT), with 25,000,000 tokens available. If demand exceeds this amount of tokens, there will be a 25,000,000 token reserve that is issued. Price and further details about rounds 2–4 will be released after round 1 is complete.
Token Distribution information there are a total of 1,000,000,000 LAT tokens being created, with 200,000,000 LAT available during the crowdsale. There will be an additional 600,000,000 tokens “unfrozen” when the original ICO token price increases by ten times. This is done in order to create a price floor and add stability to the project.
Tokens will be distributed at the end of each round, so contributors will not have to wait until all rounds are complete to receive their tokens.
Allocation Token :
- 50%: Available during the crowdsale (includes a previous presale where presale tokens will be converted to crowdsale tokens)
- 20%: Network growth
- 20%: LAToken company tokens
- 10%: Team members
- Use of Crowdsale Proceeds
- 40%: Used to engage asset owners and investors (to bring them to the platform)
- 20%: LAT token fund
- 10%: Team bonus pool ($1,000,000 maximum)
- 10%: Proof of Assets servicing deployment
- 5%: Administrative expenses
- 5%: AI underwriting development
For more information about LAToken please visit the link below :
- Website : https://sale.latoken.com/
- Whitepaper : https://sale.latoken.com/whitepaper
- Facebook : https://www.facebook.com/LiquidAssetToken/
- Twitter : https://twitter.com/latokens
- Telegram : https://t.me/latoken
- Slack : https://slack.latoken.com/
- Medium : https://blog.latoken.com/
Created By : [email protected]
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