What is LAToken?
SELL TOKENIZED ASSETS
You have access to a lot more cash at much lower costs than you may have realized.
With the LAToken, you can take sell fractional ownership of any illiquid asset. You get cash and you don’t have to borrow money or pay rent.
BUY ASSET BACKED TOKENS
Looking for a more liquid and diverse portfolio of assets? Liquid Asset Tokens give you fractional ownership of physical assets to help diversify your investments.
Average annual return on assets, 2000-2017
HOW IT WORKS
You provide information about the asset and the share you want to sell. After independent valuation of the asset, you can issue on the LAT platform tokens backed by the asset. Then you sell your tokens on the LAT marketplace and get funds. You can continue using your asset after the sale and buy it back on the settlement date.
SECURE AND SMART LAT WALLET
The LAT Wallet allows you to create and manage your tokens, assets, smart contracts, applications and make transactions on blockchain. The wallet provides access to the LAT Exchange as well.
Public Token Sale will start from selling Tier 1 of LAT tokens via Dutch auction to determine the market price. The price will decrease each day by 5% up to 10 days or until Tier 1 of tokens will be sold. The closing auction price will be applied to all auction participants. In case a number of applications exceeds Tier 1, tokens will be distributed on a first in – first served basis. Tier 2, 3, 4 will be sold with the price increasing 10, 15 and 20% to the auction price. The last price is the price of Token Sale used for conversions of LATP tokens to LAT.
- Token: LAT
- Token sale start: 22 of August 2017
- Price: After Dutch auction
- Supply of Tokens: 400,000,000 LAT
- Frozen Tokens*: 600,000,000 LAT
- Compability: Ethereum ERC20 standard
* Frozen Tokens will be unlocked after 10x valuation growth
LAToken raised around $15.6M in the Round 1 of the public token sale.