What is LAToken?
LAToken is a blockchain platform for tokenizing and trading real assets using cryptocurrencies globally. As a result, cryptocurrencies will be widely used in the real economy. To describe it in simple words, we are a Blockchain Exchange, where you can sell and buy shares, loans, gold, real estate and other real assets using cryptocurrency.
When does the Token sale start?
Token sale starts on August 22, 2017. It will be completed in 4 rounds with the proceeds used for tokenization and trading development of the key asset classes: Round 1 – Equity, Round 2 – Real estate, Round 3 – Debt and commodities, Round 4 – Illiquid assets (e.g. works of art).
Round 1 is limited to 25 000 000 LATs offered a t 0.001 Ether. The price for the following rounds will be higher. In order to get LAT tokens before the price increase make sure you are subscribed for token sale notification
What is the team of LAToken?
What is the timeline of LAToken?
How does it work?
You provide information about the asset and the share you want to sell. After independent valuation of the asset, you can issue on the LAT platform tokens backed by the asset. Then you sell your tokens on the LAT marketplace and get funds. You can continue using your asset after the sale and buy it back on the settlement date.
How much money is LAToken planning to raise? How the proceeds will be used?
The LAToken is planning to raise $40 million. The funds will be used for the further development of the Asset Token module and AI software, onboarding of asset owners and investors, and product marketing.
The Token sale proceeds will be used for asset owners’ and investors’ engagement to LAT platform (40%), token module development (10%), proof-of-assets servicing deployment (10%), AI underwriting development (5%), LAT fund for market making and providing liquidity (20%), the team bonus pool (10% capped at $1 mln), administrative expenses (5%).
What are the benefits for investors?
For investors LAToken opens global access to real assets using cryptocurrency with low transaction costs and maximum transparency and security.
LAToken allows investors to diversify using cryptocurrency across all the major asset classes (equity, debt, commodities, real estate, works of art) ensuring single compliance and disclosure standards. Other asset-backed tokens may be also traded on LAT Exchange if they meet the compliance standards.
With LAToken investors of all sizes may own fractions of assets previously accessible only to large investors and thus increase their ROI and diversify portfolios.
What are the benefits for asset owners?
LAToken allows asset owners to tokenize their assets and sell them to a wide range of investors, from hedge funds and family offices to individuals, ensuring the best price and liquidity with minimal transaction costs.
What are the advantages of LAToken compared to other related projects?
- 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 transforms access to capital, and enables cryptocurrencies to be widely used in the real economy by making real assets tradable in crypto.
Statement: Please be sure to indicate the author and source when reprinting the article.