LAToken - Asset Tokenization And Trading Platform

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.

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.

How It Work ?

At LAT Platform crypto holders can buy asset tokens backed by publicly traded assets (shares, bonds and commodities) using cryptocurrency :

LAToken issues Asset tokens backed by publicly traded assets (e.g. an Apple share).

Investors buy Asset tokens at an auction at LAT Platform using cryptocurrency.

On the pre-determined settlement date LAToken buys back Asset tokens from investors at the current market price of the underlying asset (e.g. the current market price of an Apple share at the NASDAQ).

Now due to much lower transaction costs at LAT Platform even small retail investors can benefit from stocks, bonds and commodities upside potential without converting cryptocurrency to fiat.

LAToken also allows to easily trade previously illiquid assets like real estate and works of art:

Asset owner sells part of the asset to a LAT-certified custodian,Asset is tokenized and sold to investors at the LAT Platform,Investors may sell the asset-backed tokens on a secondary market.The seller buys back the asset on the settlement date or the custodian sells it at a fiat auction.

LAToken Crowdsale
The crowdsale will begin on August 22, 2017 at 18:00 UTC (Round 1). The LAToken (LAT) is an ERC-20 token, therefore, only Ethereum is accepted during the crowdsale. The crowdsale will run in four stages, each with a different associated development category that the proceeds will go towards:

Round 1: Equity; August 22–29, 2017
Round 2: Real estate; September 5–12, 2017
Round 3: Debt and commodities; September 19–26, 2017
Round 4: Illiquid assets (e.g. works of art); October 3–10, 2017

The token price for round 1 will be .0001 Ether per token (LAT), with 25,000,000 tokens available. If demand exceeds this amount of tokens, there will be a 25,000,000 token reserve that is issued. Price and further details about rounds 2–4 will be released after round 1 is complete.

Token Distribution information there are a total of 1,000,000,000 LAT tokens being created, with 200,000,000 LAT available during the crowdsale. There will be an additional 600,000,000 tokens “unfrozen” when the original ICO token price increases by ten times. This is done in order to create a price floor and add stability to the project.
Tokens will be distributed at the end of each round, so contributors will not have to wait until all rounds are complete to receive their tokens.

Allocation Token :

50%: Available during the crowdsale (includes a previous presale where presale tokens will be converted to crowdsale tokens)
20%: Network growth
20%: LAToken company tokens
10%: Team members
Use of Crowdsale Proceeds
40%: Used to engage asset owners and investors (to bring them to the platform)
20%: LAT token fund
10%: Team bonus pool ($1,000,000 maximum)
10%: Proof of Assets servicing deployment
5%: Administrative expenses
5%: AI underwriting development