Name of project: LAtoken
Ticker of Token: LA
Country of Project Incorporation: Cayman Islands
Prominent investors: We have ~11,000 undisclosed contributors
Focused industry: LAtoken is a crypto trading platform with different classes of assets, ranging from cryptocurrencies and ICO tokens to tokens linked to prices of real assets (stocks, commodities, real estate, etc.)
LAtoken is a crypto trading platform with different classes of assets, ranging from cryptocurrencies and ICO tokens to tokens linked to prices of real assets (stocks, commodities, real estate, etc.). LAtoken aims to tokenize and trade assets worth $1.2 billion by 2025, allowing crypto holders to diversify their portfolios. LAtoken is working on implementation of graphchain to solve blockchain’s scalability problems and allow thousands of transactions per second. LA capitalization has recently hit $120m with $5M+ in daily trading volumes. LA is the main currency used on the LAtoken platform for trading assets and paying for the services, transactions and contributing to selected ICO projects.
Adoption: LA market cap has recently hit $120m with daily trading volumes reaching $5m (https://coinmarketcap.com/currencies/latoken/). We also have ~40,000 users registered on the platform where they can already contribute to selected ICO projects with LA and trade LA/ETH. Full-scale trading of tokens linked to prices of equities (Tesla, Amazon, Apple etc.) and commodities (oil, gold etc.) will be launched in 1Q 2018 - to learn more, please visit LAToken.com.
-Token creation and release dates: Oct-18-2017 12:36:36 +UTC
-Token sale start date (please indicate private and public if applicable): 22.08.2017
-Total available token supply: 400,000,000 LA tokens
-Tokens in circulation: 77,839,404 LA tokens
-Amount raised in ICO (in USD and in Crypto): ~70,000 ETH; ~$20m (~$60m at current ETH rate)
-ICO price (in USD and in Crypto): 0.0010- 0.0014 ETH; ~$0.3-0.42
Distribution and usage of proceeds:
Asset owners’ and contributors’ engagement - 40%
LAT Fund - 20%
Token module development - 10%
Proof-of-Assets servicing deployment - 10%
Team bonus pool - 10% (max $1m)
AI underwriting development - 5%
Administrative expenses - 5%
Official website: latoken.com/
Disclaimer: this document is written with the information from the official whitepaper, to provide investors an overview of the token. The information in this document is collected legally. We make every effort to provide complete and accurate information. However, we do not guarantee accuracy, completeness, timeliness or correct sequencing of the information. This information is not to be regarded as investment advice, or legal proof or evidence.