LAToken (LAT) | Liquid Asset Token |Ethereum smart-contracts



  • LAToken tokenizes and makes tradable fractions of assets ranging from real estate and loans to works of art. Asset owners receive funding by tokenizing their assets and selling them on the LAT marketplace. They sell a fraction of an asset instead of borrowing and thus do not incur any interest obligations. At the same time, sellers may continue using assets after the sale without paying any rent. LAToken offers unique opportunities for investors of any size to own fractions of assets previously accessible only to large investors (e.g., real estate, works of art) and thus increase their ROI and diversify their portfolios. 

    LAT is the currency used on the LAT marketplace to sell and buy tokenized assets and pay for transactions. The proceeds from the Token Sale of LAT will be used for further platform development, engaging asset-owners and investors, and product marketing. The wallet with the Token sale proceeds will be managed by a responsible Trustee governed by a decentralized Board of Directors. Some of the asset-backed tokens issued on the LAT platform may be considered as securities subject to regulation in some countries. Turnover of the tokens in these jurisdictions would be restricted by LAToken.

    UNLOCK THE VALUE OF YOUR ASSETS

    LAToken makes it possible to unlock the value of previously illiquid assets ranging from real estate and bank loans to works of art. It allows the creation and trading of tokens backed by assets or fractions of assets – liquid asset-backed tokens (LABT). When LABT are issued they become listed on the LAT marketplace and available for trading. LABT can be bought only for LATs – the tokens serving as the currency on the LAT marketplace. All documents relevant to the asset are transferred to LAT marketplace and become visible to all registred investors. The seller initiates an auction sale of the tokenized asset to the global pool of investors on the LAT marketplace. The raised funds are transferred to the seller. From this point on, the tokenized asset in the form of LABT is tradable on the LAT marketplace while the rights for the underlying asset are held by a trustee warranting obligation of the seller toward LABT holders. The seller may continue using the asset after the sale (e.g., still live in a tokenized house). 

    We believe that there is an enormous potential of asset tokenization in the long term. The value of global real estate assets alone amount to more than $200 trillion. Annual transaction costs of trading it are around $100 billion; these can be dramatically reduced by tokenization. Tokenization of artwork will eliminate the middlemen and reduce current high commissions. It could also become a major source of funding for art galleries and museums and bring about a great positive social impact. Other non-core but potentially attractive assets for tokenization are rare precious metals and gems. 

    INVEST IN TOKENIZED ASSETS

    LAToken offers unique opportunities for investors of any size to own fractions of assets
    previously accessible only by large investors (e.g., real estate, works of art) and thus increase
    their ROI and diversify portfolios.

    Average annual return on assets, 2000-2017

    The LAT marketplace makes investing safer with blockchain and faster with AI underwriting.
    Investors can buy and sell tokenized assets on the LAT marketplace and manage their
    asset portfolio. It provides trading functions, access to credible assets data stored on
    blockchain, and asset portfolio analysis tools, while all relevant information on the traded
    asset is available and visible to every investor registered on the LAT platform.




    HOW LATOKEN WORKS

    1.LAT WALLET

    LAT wallet allows users to control account balances of tokens,
    make transactions, create new tokens and link them to assets.

    LAT WALLET

    2.LAT ASSET-BACKED TOKEN CREATION

    Liquid asset-backed token (LABT) creation is set up via by LAT Asset
    Token Emission Module (available in LAT Wallet). To issue LABT the user
    should:

    • Select token type depending on the desired redemption scheme: bullet type token (enables full redemption on a settlement date) or installment type token (enables redemption by installments)

    • Check assets eligibility criteria and select the legal structure

    • Set up smart contract and rules

    • Complete due diligence of the underlying asset and set final legal
      structure
    • Sell asset to a LAT-certified Trustee
    • List LABT on the LAT marketplace


    3.LAT MARKETPLACE 

    LAT marketplace allows users to: Put tokenized assets for initial sale Trade tokenized assets on a secondary market Manage the personal investment portfolio Asset owner can put his asset for tokenization and sale on the LAT marketplace providing the necessary asset information, the ask price and settlement date. As soon as all the necessary legal procedures are completed the tokenized asset would become available for purchase by all registered investors.


    Investors may easily search for traded assets setting their personal selection criteria, view
    detailed asset information and history as well as bid/ask prices. The marketplace interface also
    allows investors to easily view and manage their portfolios.

    TOKEN SALE


    The Public Token Sale will start on August 22, 2017.


    PRICE MECHANICS


    The Public Token Sale will start with selling Tier 1 of LAT tokens via Dutch auction to determine the market price. The price will decrease each day by 5% for up to 10 days or until Tier 1 of tokens is sold. The closing auction price will be applied to all auction participants. If the number of applications exceeds the number of tokens available in Tier 1, tokens will be distributed on a first come, first served basis. Tiers 2, 3, and 4 will be sold with the price increased by 10, 15, and 20% over the auction price. The last price is the price of the Token Sale used for conversions of LATP tokens to LAT.

    USE OF FUNDS

    The funds raised via Token sale will be used as follows:
    45% - Product development
    20% - Marketing and business development
    20% - Reserve
    15% - Team bonus pool (max $1 million) and administrative
    expenses


    TIMELINE 


    2013 December 

    1 st Business plan for a Home Equity Lender 

     Valentin Preobrazhenskiy worked at hedge funds when he discovered that emerging markets have very low home loans penetration due to low transparency for investors and prohibiting deal costs. He drafted a business plan of a home equity lender solving this problem.

    2014 May

    First sale of home equity

    We launched home equity loans broker to develop it into P2P online
    marketplace. First deal was closed in May with $1200 commission.


    2015 - 2016

    Launch of the Home Equity Marketplace
    After launch of the marketplace 25 investors and 7 banks made more than 15
    000 calls with clients via the platform and arranged over 1200 meetings
    resulting in over 1000 + deals closed in 2016.
    In December 2016 a bank made automated sale of a home equity loan via the platform.

    2017 April

    We held Digital Mortgage conference for 200+ banks, investors and real estate developers
    Banks and real estate owners need blockchain to sell assets on a secondary market.

    Banks can automate selling loans off balance sheet if loans are transparent
    on blockchain for secondary buyers. This enables banks to provide the
    best rate available in the marketplace to any borrower.


    2017 May - June

    AIBanks - LATOKEN Development

    We developed AIBanks as a blockchain platform for selling loans and assets
    off balance sheet. Because the platform allows trading of non banking
    assets and eventually removes the middleman we rebranded it to Liquid
    Asset Token, LATOKEN

    2017 August

    Token Sale
    LAT is launching a PRE-SALE to test the wallet and test-net leading up to
    the Token Sale Event in August. LAT wants to ensure that community
    innovators have an opportunity to get LAT tokens prior to the
    institutional investor offering which will commence before the Token
    Sale.

    2017 4Q

    Liquid Assets Token exchange

    Investors need access to asset tokens and detailed assets data traceable on
    blockchain to make investment decisions. Therefore, we are upgrading our
    marketplace to fit these requirements.

    2017 4Q

    LAT Wallet Beta
    LAT Wallet is needed to control transactions and issue Asset Tokens

    2017 4Q
    LAT Proof-of-Assets Service
    Proof-of-Assets and appraisal service ensures payments in case of an underlying asset sale or meeting expiration date

    2018 1Q

    Loans to be tradable on blockchain
    This is a quick win as our partner banks are requesting our solution to sell
    loans off balance sheet without expensive securitization.

    2018 2Q
    First real estate token launch

    2018 3Q
    First art work token trading

    2019
    Stable Coin Smart Contract deployment

    USEFUL LINKS:

    Team:

    Presentation:

    Token Sale:

    Social Links:

    Website:

    Token sale Link:

    Blog:

    Telegram:

    Twitter:

    Github:



  • LAToken Closed Round 1 of the Token Sale at $330m Valuation








    We completed Round 1 of our Public Token Sale way ahead of schedule at $330 million valuation (including the value of the frozen tokens).

    We sold 30,000,000 LATs and raised $9,5 million in just 3 days!

    Round 2 of the token sale starts on September 5. It will be limited to 50,000,000 LATs, sold at 0,0012 ETH. The proceeds will be used for tokenization and trading development of Real Estate. The price for Round 3 will be 0,0013 ETH.

    Before the start of Round 2 you can reserve tokens in your Wallet at 0,0011 ETH. You can get a 5% bonus for contributions of 50+ ETH, and 10% bonus for contributions 200+ ETH

    Reserve Tokens for Round 2
    «LAToken bridges the crypto- and real economies by enabling our clients to trade real assets in cryptocurrencies. This will make markets more efficient, transparent and cost effective. We are happy that so many people share our vision and believe in LAToken», — says Valentin Preobrazhenskiy, CEO of LAToken.

    Meanwhile you can already use your LATs to buy shares of Apple, Amazon and Facebook, as well as gold and oil on our platform. The trades are already on, and you can diversify your crypto portfolio to the max.

    LAToken believes crypto will dominate the global economy. To bring the crypto expansion to multi trillion markets closer, we enable cryptocurrencies to be widely used in the real economy and make real assets tradable in crypto.

    Thank you for contributing. Together we can bring the crypto expansion to global economy closer!

    To keep up to date with all our news, join discussions on tokenization and crypto expansion to real economy in LAToken communities:

    Telegram: https://t.me/latoken

    Slack: https://latoken.herokuapp.com/

    Our mission

    LAToken transforms access to capital, and enables cryptocurrencies to be widely used in the real economy by making real assets tradable in crypto.

    We decentralize capital markets, making them more transparent, efficient and sustainable, while removing the cost of traditional middle men and “too big to fail” institutions.

    This results in smarter capital flow, empowering people across the world to bring their most productive ideas to life for the ultimate benefit of society.




  • LAToken Opens Up for US Citizens and Residents











    We are excited to announce the opening of LAToken Token Sale for the US contributors. Our Advisory Board and top legal counsel made sure that as a utility token LAT is compliant with all the SEC regulation. From now on American investors can buy LAT to pay for future transactions such as assets tokenization at the LAT platform. They can also convert LAT into other cryptocurrencies, like Bitcoin or Ether.

    SEC Ruling

    In the middle of July, the Securities and Exchange Commission shook up the red-hot market for Initial Coin Offerings by ruling that some of the “coins” for sale are actually securities, and thereby are subject to the agency’s regulation.

    The ruling followed SEC investigation into a German corporation behind a group called “The DAO” (for “Decentralized Autonomous Organization”) that raised $150 million in ICO last year. The DAO issued coins that were used to pursue an automated investment strategy and entitled the token owners to receive “rewards” similar to dividends.

    SEC also pushed Protostarr, a decentralized application allowing content creators to receive funding from fans and investors in return for channel earnings, to shut down midway of its token sale.

    By offering dividends and profit-sharing those companies were clearly offering a security and failed the Howey Test, created by the US Supreme Court for determining whether certain transactions qualify as “investment contracts.”

    LAT is a Utility Token

    Unlike those companies, LAT has successfully the passed Howey test. LAT Token is used to pay for the LAT platform services, such as assets tokenization. LAT is not backed by real assets (unlike tokens issued on the platform, which are not available to the US residents) and doesn’t grant their holders ownership in the company or any dividends.

    Thereby LAT can’t be seen as a security, and can easily pass the Howey test:

    • it is not an investment of money or assets;
    • it is not an investment of money or assets in a common enterprise;
    • it is no expectation of profits from the investment;
    • the profit doesn’t come from the efforts of a promoter or third party.

    US citizens and residents can also use LAT to buy other cryptocurrencies, like Bitcoin, Ether etc. At the same time, the asset-backed tokens, that are traded at the LAT Platform, aren’t available for them at the moment. However, together with our legal partners, we are exploring ways of working with the SEC to make these assets available for the US citizens and residents as well.

    All in all, we can confidently offer LAT to US citizens and contributors, and we are happy to welcome you to LAToken Community. We will list LAT on major crypto exchanges soon!

    LAToken token sale is ON!

    This time the sale will be limited up to 50 million LAT at 0.0011 ETH (1 ETH = 909 LAT) or to $10 million (33 million tokens at the current rate).

    Don’t miss the chance to get LAT at 0.0011 ETH, the price will increase at next round to 0.0013 ETH:

    • Login to your Wallet
    • Get LAT wallet address and Data
    • Send Ether and get LAT

    Join discussions:

    Telegram: https://t.me/latoken

    Slack: https://latoken.herokuapp.com/

    Facebook: www.facebook.com/LiquidAssetToken/

    Twitter: https://twitter.com/LATokens




  • LAToken founder on our latest news

    Our CEO Valentin Preobrazhenskiy help a Live VideoChat to review the Liquid Asset Protocol and our regulation compliance, outline the outstanding advantages of trading stocks, commodities, real estate and other assets on the LAT Platform, and clarify LAT listing timeline on the major crypto exchanges.

    LAToken mission

    LAToken transforms access to capital, and enables cryptocurrencies to be widely used in the real economy by making real assets tradable in crypto.

    We decentralize capital markets, making them more transparent, efficient and sustainable, while removing the cost of traditional middle men and “too big to fail” institutions.

    This results in smarter capital flow, empowering people across the world to bring their most productive ideas to life for the ultimate benefit of society.

    LAT Token Sale is on!

    Contribute now at sale.latoken.com

    Join discussions:

    Telegram: https://t.me/latoken

    Facebook: www.facebook.com/LiquidAssetToken/

    Twitter: https://twitter.com/LATokens



  • LAT Blockchain Economic Forum in NYC

    LAToken gathers 500+ industry leaders to design a roadmap for blockchain

    LAToken, the first multi-asset tokenization platform, will hold LAT Blockchain Economic Forum in New York on October 31 — November 1 to gather major industry players and design a roadmap for the exponentially growing crypto economy.

    As one of the market leaders, LAToken aims to design sustainable rules and governance framework for blockchain industry in cooperation with 500+ top entrepreneurs, investors, academics and regulators.

    20+ speakers have already confirmed their participation, including Hanna Halaburda (Bank of Canada, author of “Central Bank Digital Currencies”), Miko Matsumura (Pantera Capital), Alex Mashinsky (Governing Dynamix, $3bn in exits), Mike Jones (Science Inc., MySpace) and others.

    The attendees will explore global blockchain opportunities, trying to define, whether cryptocurrencies are a $5 trillion market or just a bubble, whether Smart Contracts can replace Central Banks and whether investments in crypto can exceed investments in fiat.

    The early-bird tickets are already available with up to 40% discount from standard prices. Press accreditation is also open now.

    About LAToken

    LAToken facilitates the broad use of cryptocurrencies in the real economy and allows cryptoholders to diversify their portfolio by getting access to tokens linked to the price of real assets. It is the #1 tokenization platform by capitalization with $17+ million raised from 9,000+ contributors.

    LAToken deploys an open LAT Protocol, that allows to tokenize and trade any assets, ranging from equities and commodities to real estate and artworks. LAT Protocol ensures that the link between the token and the underlying asset is legally and technically enforceable, and enables P2P contractual rights transfer. The protocol allows to tokenize and trade in crypto assets worth $1.2 trillion by 2025.

    LAT Platform is already operational. Tokenized shares of Apple, Tesla, Google and other blue chips, as well as gold, oil and real estate ETFs are traded on the LAT Platform via crypto. This is a good opportunity to diversify crypto portfolio without converting to fiat. Owners of illiquid assets, such as real estate or works of art, can tokenize them and sell by fractions with a liquidity premium estimated at 10–40%. Fiat traders can prefer LAToken to NASDAQ due to lower transaction costs and 24/7 availability.

    Contact for accreditation and press inquiries: [email protected]



Looks like your connection to Cryptocentral was lost, please wait while we try to reconnect.