What is LATOKEN (LA)?
Future of LA Cryptocurrency and know how to buy LA

#1 - LAToken: The Basics

LAToken is one of the younger class of cryptocurrencies that is revolutionizing the market for real assets by converting them into tradable tokens. The coin is gaining traction because it is #1 in asset tokenization by market cap.

What is LAToken

  1. LAToken is a blockchain protocol and platform which facilitates the creation and trade of asset tokens whose value is linked to the underlying asset like equity shares, bonds, real estate, artworks, etc.
  2. The LAToken cryptocurrency is denoted by the symbol LA. Its total supply is 1 billion LAToken. It is based on Ethereum’s ERC-20 protocol.
  3. LAToken’s ICO began on August 22, 2017, and lasted for 2 months.

LAToken Development

  1. LAToken was founded by Valentin Prebrazhenskiy who has rich experience in hedge funds & portfolio management. He has himself made a $1 million investment in the back-office & the infrastructural development of the LAToken platform.
  2. Valentin (CEO) leads the development team together with CTO Danila Simonov, Chief of marketing, Ayrana Mongush & CFO Oleg Belushkin. It boasts of an expert engineering, finance & marketing team which has expertise in the portfolio management.
  3. LAToken Project was developed to succeed Zalago, a non blockchain financial platform that provided bank loans to private borrowers against the value of their real estate asset.
  4. Its development team claims to be testing Application Program Interface for making it public to expand the exchange’s user base & increase liquidity.

LAToken Transactional Process

  1. LAToken blockchain technology is based on Delegated Proof Of Stake technology with 10 second blocks. The platform provides protection against DDoS attacks through its multi-factor authentication.
  2. Users first buy liquid asset-backed tokens (LABT). LABT are backed by publicly traded assets like shares, bonds, etc. These assets are then converted into LA tokens which can be traded for some other assets like artworks, Ethereum, etc. & can also be used to pay the transaction fees for the storage of asset records, token trades and asset token creation.
  3. The price of LATokens is pegged to the price of a liquid publicly traded asset (like Tesla shares). These tokens are auctioned either on the LATOKEN platform or on the Ethereum platform by a third-party Trustee who holds the actual asset. LAToken buys back these tokens on a predetermined settlement date at the underlying asset’s market price on that date. So, investors can buy real asset classes without converting their cryptocurrencies into Fiat currency.
  4. For illiquid assets like real estate, investors must first sign an agreement to transfer the ownership rights to a LAToken trustee & then the trustee auctions these tokens which are then traded in the same way as liquid assets.
  5. The process to be followed before agreement for different illiquid assets are as follows:
    1. Real Estate: The asset owner must fill a brief questionnaire, get valuation & insurance of the asset by one of the custodials who are listed on LAToken’s platform & only then the custodial agreement is finalised.
    2. Artwork: Asset owners furnish requisite information about the piece, get its appraisal done by one of LAToken’s listed firms after which the authenticity is verified & only then custodial agreement, asset tokenisation & auction are held. 

Features

  1. LAToken can be used for diversification of portfolio since LA can be used to invest in traditional real assets also while offering a single compliance & disclosure standards.
  2. LAToken is faster as it uses Theory and Practice of Object Systems (TaPoS-technology). It also gives information about the state of every user in terms of their transactions and provides direct internal references with asset Blockchain objects.
  3. Investors can buy, sell & manage assets in their portfolio safely on LAT exchange which is powered with Artificial Intelligence (AI).
  4. The tokenization of illiquid assets like artworks, real estate, etc. help in generating immediate liquidity whenever the tokens are sold. The higher the transaction volume of activity on LAToken’s platform, the higher is the level of liquidity. This leads to greater adoption of tokens & helps companies & projects build trust with their backers as LAToken also provides a platform to exchange tokens for currencies like Ethereum.
  5. Users can track & analyse their trading balances & get information about the estimated value of their balances in terms of popular currencies like LA, ETH, BTC & USD.

 

#3 - How to Buy and Store LAToken?

How to buy LAToken / How to buy LA

LAToken is available to trade on exchanges like EtherDelta, Binance, Forkdelta & IDEX. But it can get difficult to get the best price for your transactions. This is where CoinSwitch steps in.

  1. While cryptocurrency exchanges provide you with a platform to buy or sell the LAToken cryptocurrency, CoinSwitch, the largest cryptocurrency conversion platform, comes in to help you make the right decision by providing the prices for LA across multiple exchanges. This way you can choose the best deal for you!
  2. You can also buy, sell and trade over 300 cryptocurrencies for the LA crypto. It offers interchangeability and unified experience for all cryptocurrencies with a wide offering from all major exchanges.

LAToken Storage

LA is an ERC-20 token, which means it is supported by any Ethereum wallet natively. It can be stored in the following wallets:

- MyEtherWallet

- Mist

- LAToken Wallet: Its multicurrency wallet can also be used to track account balances.

 

#4 - What is the future of LAToken?

Also Read: Complete Analysis of LATOKEN | Live LATOKEN (LA) Price Charts And Predictions

  1. As of July 2018, its market capitalisation stands at $6 million USD .

  2. With the availability of tokenized shares of blue chips like Apple, Tesla, Google, gold, oil and real estate ETFs, LAToken may be set up for a strong run in the markets.
  3. The LAT Crypto Research team which comprises of 4 McKinsey and Deutsche Bank alumni, has predicted the project to tokenize and trade assets worth $1.2 trillion by 2025 & the value of assets tokenized globally to reach $5 trillion LAT.
  4. LAToken is actively working with AvegaCapital, FoundationInstitute, Barclays and McKinsey to promote their sites & projects.

Price History

Date

Open

High

Low

Close

Volume

Market Cap

Jul 01, 2018

0.114101

0.116913

0.111390

0.115853

1,967,010

9,246,440

Jun 01, 2018

0.155482

0.161363

0.150451

0.155983

1,268,830

12,599,900

May 01, 2018

0.232102

0.232250

0.220535

0.229010

1,599,380

18,808,900

Apr 01, 2018

0.149623

0.152090

0.135887

0.145323

441,468

11,646,600

 

#5 - How is LAToken different from other cryptocurrencies?

  1. LAToken provides fast listing within 24 hours of the agreement’s finalisation, provides third party user trading enhancement tools & paid promotional services to all the projects to boost their market presence.
  2. It has also increased the daily withdrawal limit to $100,000 for all users with Tier 2 verification status.
  3. Users with this new KYC form will also be able to access Fiat deposits, withdrawals & asset-linked tokens. This will ensure better compliance with industry standards.
  4. In March 2018, LAToken reduced the trading fee for all LA pairs TO 0.05% of the transaction value which is much lower than its peers.

 

#6 - Should you invest in LAToken / invest in LA?

  1. LAToken seems to be bridging the gap between real & crypto economies. It is offering tokenized solutions at nominal transaction fee & instant liquidity across asset classes like equity, real estate, artworks, etc. This can help in mass adoption of LAToken.
  2. LAToken is the first platform that provides trade of multiple assets & cryptocurrencies at the cost of real funds. The turnover of token on LAToken platform is growing as it offers full range of investments. This can boost liquidity of tokens & stimulate LAToken’s transaction volume & can push for a bull run in the long term.
  3. The platform is targeting asset owners who seek liquidity from their illiquid assets to get a 10-30% liquidity premium through asset tokenization. Asset tokenisation on LAToken has a potential to generate a turnover of $14 trillion by 2025 as its adoption grows. The currency may seem to have a good long term potential as it is the platform’s major utility token. 
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