LATOKEN

LAToken is a blockchain platform for tokenizing and trading real assets using cryptocurrencies globally. Put simply, LAToken is a Blockchain Exchange, where you can sell and buy shares, loans, gold, real estate, works of art and other real assets using cryptocurrency. The LAToken platform is already allowing tokenizing assets. The platform enhances liquidity and transparency of assets, as well as reduces transaction costs. LAToken platform allows public companies like Apple and Amazon to tokenize their shares and then put the tokens up for the stock market. Apart from trading liquid shares, LAToken also offers an opportunity for investors of all sizes to own fractions of previously illiquid assets accessible only to large investors (Such as real estate or works of art), thus diversifying their investing portfolios. LAToken is based on a profitable home equity marketplace and a back office for hedge funds founded by Valentin Preobrazhenskiy, who invested $1 million in these businesses. In layman terms, LAToken is a bridge that connects CryptoCurrencies and the Real Economic markets.

Using the LAToken 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, but if a user wants to create LAToken assets on the blockchain, then he/she needs to pay a fee in tokens. LAToken allows anyone to tokenize anything and then fraction assets and list them on the exchange, visited by thousands of different-scale investors, looking for options to diversify their portfolios. This enables platform users to invest across asset classes, even if the sizes of the transactions are small.

The working of the LAT Exchange involves buying tokens which are backed by publicly traded assets (such as shares, bonds), to sell later at a pre-determined settlement date. Investors would need to buy the LATokens at the time of auction using the LAToken platform, and on the settlement date, the reverse process (i.e. LAToken buys asset-backed tokens from investors) is done at the current market price of the underlying asset. Another advantage of LAToken is that it allows asset owners and cryptoholders to easily create and trade tokens linked to the price of previously illiquid assets, such as real estate and artwork. The generic process of a transaction includes: Asset owner signing an agreement with a LAToken-certified custodian, thus transferring ownership rights to the custodian. The custodian then issues tokens linked to the price of the asset and sell them to cryptoholders on the LAToken platform. Cryptoholders may sell asset tokens on a secondary market. The asset owner buys back asset tokens on the settlement date or the custodian sells the asset at a fiat auction.

LAToken dramatically reduces transaction costs of gaining liquidity and unlocking asset value; however, there are some minor fees that asset owners will have to pay on the LATokken platform: LAToken fees for asset tokenization are up to 0.01% of the asset tokens' sale. Transaction fees for trading asset tokens on the LAT platform are ~0.001% of the asset token sale price. In addition, there are origination expenses the asset owner has to pay in fiats to service vendors involved in the process like appraisal fee, insurance, trustee fees, legal fees. The exact amount of fees depends on the asset class and smart contract details. But even with such small percent fees, LAToken is cooking something much bigger than our imagination can grasp. Imagine a world where every asset is nothing but an oversized cryptocurrency waiting to be traded off to another owner. The scope of profit for LAToken is huge when we bring this fact to perspective. The token sale proceeds are used for asset owners' and investors' engagement to the 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 million) and administrative expenses (5%). Remaining of the returns is used for advertising and charity.

The idea is that investors can benefit from the rise in the value of your real estate or painting, or any other physical item you own, while you gain access to cash from stuff you already own. It is somewhat like an extension of the idea of borrowing money against your home. Instead of relying on banks, however, you can rely on blockchain technology. The organization is currently undergoing its pre-sale and if I wanted to be a part of the future, I definitely wouldn't miss it.