LAToken in a Nutshell


The liquid asset token LAToken aims to enable cryptocurrencies to be widely used in the real economy by making real assets tradable in crypto. It is a blockchain platform for creating and trading asset tokens.

LAToken allows cryptoholders to diversify their portfolio by getting access to tokens linked to the price of real assets. LAToken enables asset owners to unlock the value of assets by creating and selling their asset tokens. As a result, cryptocurrencies will be widely used in the real economy.

How does LAToken work?

Owners of assets can begin the process to tokenize their asset. LAToken allows one to easily issue and trade asset tokens linked to previously illiquid 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
Image taken from https://cdn-new.latoken.com/common/files/whitepaper/latoken-whitepaper-en.pdf

LAToken also allows cryptoholders to buy asset tokens linked to prices of publicly traded assets (shares, bonds and commodities) via the LAT platform

  • 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)

Due to the much lower transaction costs on the LAT Platform, any cryptoholder can benefit from stocks, bonds, and commodities upside potential without converting cryptocurrency to fiat.

What value can LAToken provide

LAToken enables cryptoholders to benefit from being exposed to the price of various real
assets: equity, debt, gold, real estate, commodities, artwork. The value of these assets
totals $517 trillion and cryptoholders can purchase tokens linked to their price on the LAT
platform with low transaction costs and maximum transparency and security.

LAToken allows asset owners to unlock the value of their assets and gain instant liquidity
by creating asset tokens and selling them to cryptoholders with minimal transaction costs.

Ensures that the link between a token and the underlying asset is legally and technically enforceable, and enables P2P contractual rights transfer.

LAT token

LAT is a utility token designed to support transactions on the LAT platform. It will be
purchased by cryptoholders and asset owners to do the following:

  • Buy asset and other tokens on the LAT platform (e.g., if you want to buy a fraction
    of an asset for $100k, you need to purchase LATs equivalent to $100k)
  • Pay transaction fees. A large part of these payments will be received by node
    holders

Cryptoholders buy LAT to purchase asset tokens traded on the LAT platform and pay for
transactions. Thus, the demand for LAT correlates with the trading volume on the LAT
platform.

Their token sale has recently ended and they were able to raise $19.6 million.

 

Resources:

LAToken website https://sale.latoken.com/

Timeline https://sale.latoken.com/timeline

Whitepaper https://cdn-new.latoken.com/common/files/whitepaper/latoken-whitepaper-en.pdf

Blog https://blog.latoken.com/

 

The post LAToken in a Nutshell appeared first on BoxMining.



Source link