Blockchain Tasking Platform Latium Launches Innovative ICO
US-Based Project Latium is launching an ICO on November 28, with the goal to raise $20 million in funding through the sale of 180 million LATX tokens. Combining an AI based user reputation score with a “one-to-many” task relationship structure, advisor John McAfee, creator of the popular McAfee antivirus, is very optimistic regarding Latium:
“I’ve been in tech my entire career and I believe the Latium platform and LATX token are among the most innovative crypto products I’ve seen so far,” said McAfee. “Latium joins the gig economy with the crypto economy, providing income seekers easy access to the world of cryptocurrencies and new income streams.”
With more of the world economy being a “gig economy”, where more and more jobs are based on specific tasks rather than solid employment, implementing cryptocurrency into the mix and making it a truly global market will be a huge appeal to workers looking to advertise their services on a larger scale. This also has huge implications for employers, as their options have widened as well. Latium looks to bring forth a truly global labor market, getting rid of the local, regional, and national labor market barriers. An employer will have a much easier time looking for someone with the skill sets they need that fits their budget, while being provided protection in knowing the fact that if the task is not completed to the correct standards, no pay is required.
Latium makes the hiring process easier due to the global reputation score, making the interview process no longer necessary; employers will only have to look at the fair and quantitative score given for each task-doer to see if they are a fit for the specific task at hand.
Users are scored from 0-1000, with human opinion taken entirely out of the equation. Instead, the algorithm uses multiple data points such as jobs completed, hire rate, payment time, task value, and worker/employer diversity just to name a few of them. The AI algorithm that gives unbiased scores will provide reassurance to both task-makers and task-doers, allowing for those providing the best services to maximize their earning potential.
“The Latium platform revolutionizes how people earn money and opens up access to the cryptocurrency market to anyone seeking income, but who doesn’t know where to start in crypto,” said Latium Co-Founder and CEO, David Johnson. “Token sale participants can unlock immediate value in LATX by utilizing the Latium platform to hire workers for their tasks.”
The LATX token follows the ERC20 protcol, being built upon the Ethereum blockchain, proven for its reliability and stability. Early contributors will be able to purchase said tokens, and use them for the platform when it’s expected to go live with an Alpha before 2017 is over, a beta in Q1 of 2018, and production release to be set in q2/q3 of 2018.
About Latium
Latium represents a paradigm shift in decentralized economics that streamlines how humans work and earn money, exclusively using the LATX cryptocurrency for users to transact business. The first tasking platform to deploy a proprietary artificial intelligence algorithm to objectively rate users, Latium provides a one-to-many task relationship structure that allows both task-doers and task-makers to find quality partners with whom to work.