LAToken Coin connects the cryptocurrency market with the market for real assets.
The currency enables the coins to be invested directly in traditional assets, thus offering users a significantly more extensive portfolio of investments.
For this purpose, the developers of LAToken have developed a system based on Ethereum ETC20.
So far, 48,525,075 coins with a value of $7,707,461 USD have already been placed on the market, leaving 1,474,925 coins.
The current price per coin is $0.19 USD (as of 09.12.2017).
LAToken Coin – The Cryptocurrency
With LAToken, users or investors can trade real assets in LAToken coins.
As a result, the product portfolio becomes considerably more extensive, as not only the coin itself is traded, but also the coin can be worth the equivalent of equities, bonds, commodities, real estate or even works of art.
The whole thing works in such a way that the owner of an investment sells part of his investment to a LAToken-certified trustee.
The system is then “tokenized” and can be sold to investors via the LAToken online platform.
This token can then be traded on other markets or exchanges.
As with traditional asset trading, the seller can repurchase the asset on the due date, or the trustee can resell the asset profitably.
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Technically speaking, the LAToken is an ERC20 token that is compatible with the wallets “Mist” and “MyEtherWallet”.
The coins are not yet available on well known digital stock exchanges, but only on the LAToken platform itself.
The connection between a cryptocurrency is legally and technically enforceable, and the rights are transferred by a peer-to-peer contract.
LAToken CoinThe Company
The development team behind LAToken consists of experts in the blockchain, marketing and finance.
CEO Valentin Preobrazhensky is also the founder of Zalogo, a marketplace for home finance.
In theory, USD 500 trillion is available in the investment market for tokenization.
LAToken’s goal is to have a market share of 30% of all cryptocurrencies by 2025.
This is to be achieved by reducing the currency’s volatility.
In general, those assets that are considered to be “safe” are subject to relatively low price fluctuations.
Real assets are currently considered to be significantly safer than cryptocurrencies.
If the LAToken Coin is indeed stable in the long term, it will become even more popular. Another aspect that LAToken wants to make possible is to promote trading in illiquid investments.
Usually, it is difficult to convert illiquid assets such as real estate or works of art into money immediately.
However, if these investments are tokenized, you can generate immediate liquidity by selling the tokens.
With this concept, LAToken wants to enable a completely new form of investment.
LAToken revolutionizes the market for real assets. The company has uncovered, investigated and optimised the concept of weaknesses in the asset market.
Low price fluctuations and secure investments should make LAToken lucrative for every investor.
LAToken Coin is the first cryptocurrency that has successfully established a link between it and the real asset market.
You can’t buy it directly for fiat on any exchange. You can choose the best service to buy bitcoins for your region and buy BTC there, then trade it for LA on exchanges. Learn here how you can instantly convert altcoins to bitcoin and vice versa.
Our recommendation is always check if Coinbase is available for your country and buy there – as it is by far the safest and best regulated bitcoin exchange. Coinbase is legit and secure place to buy BTC.
If your country is not available on Coinbase – check for exchanges that are good Coinbase alternatives (such as Cexio and Indacoin – see here Indacoin review) and buy BTC on one of those exchanges. You can always exchange your coins on Changelly (see if Changelly is safe and legit), instantly and directly to BTC.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com