LATO, or Liquidity Asset Token, is a new digital asset that promises to transfer liquid assets (like a house or car) into fractional ownership tokens sold on the blockchain. Here’s our LAToken review.
What Is LAToken?
LAToken, also known as LATO or Liquidity Asset Token, is a unique blockchain-based way to access cash from the things you own. You know how you can use a bank to borrow money against your house? LAToken lets you extend that concept to your house, your car, your valuable painting, and anything else you own.
In other words, with LATO’s marketplace, you can take an liquid asset and sell fractional ownership over the blockchain. You get cash, and you don’t have to borrow money or pay interest for it. As the LAToken.com website explains, “you have access to a lot more cash at much lower costs than you may have realized.”
LAToken lets you tokenize your assets. You can diversify your portfolio while maintaining a low-risk threshold. LAT tokens give you fractional ownership of physical assets (like real estate, paintings, and other physical items with value) to help you diversify your investments.
The value of LAToken is simple: real estate is one of the best investments you can make, based on performance over the last few decades. The LAToken.com website explains that real estate has provided a cumulative return of 430% since the year 2000, compared to 133% with the S&P 500 and 112% with US bonds.
Investors can enjoy the growth of real estate, while you gain access to the cash you need from something you already own. It’s all connected over a blockchain-based marketplace.
LAToken has four core products, including each of the following:
Marketplace: The LAToken marketplace has processed 1000+ home equity loans since being launched in 2013. This was a separate product created by the CEO of LATO, but it’s being adapted for use with the LATO ecosystem.
LAT Wallet: The LAT wallet was launched in June 2017.
Liquidity Token: The Liquidity Asset Token is currently being tested on Ethereum and Hyperledger.
Token Assets Exchange: The Token Assets Exchange is currently in development.
How Do The LA Tokens Work?
The LAToken are called LATO. The tokens will be available for purchase on cryptocurrency exchanges. You’ll be able to use them to pay for:
- Transaction fees, like with Asset Token creation, Asset record storage, and token trades
- Asset tokens purchases, like buying asset tokens on LATO Asset Token exchanges
A total of 1,000,000,000 LATO tokens will be issued at the Token Sale in August. 20% of the issue will be sold, and the remaining amount will be frozen.
The pre-ICO (presale) for LAToken is scheduled to end on July 17, 2017. A public token sale is taking place in August.
You can purchase LATO tokens by sending ETH to the LAToken address listed on LAToken.com.
Who’s Behind LAToken?
LAToken is led by CEO Valentin Preobrazhensky, CTO Danila Simonov, CFO Oleg Belushkin, and Chief of Marketing Ayrana Mongush.
You can contact the company by email at firstname.lastname@example.org. The company is officially registered as LAT Foundation PTE.
How Does LAToken Work?
The LAToken ecosystem, or the Liquidity Assets Token (LATO) platform, is built on an existing home equity marketplace, created by the CEO of the company. That marketplace has facilitated 12,000 mortgage offers and more than 1,000 deals from 7 banks and 25 investors in the past six months.
Participants will interact with the marketplace using the LAToken wallet. Participants can use the wallet to create fractional assets.
To create a fractional asset, owners create an Asset Token, then purchase Proof of Asset service. Then, they list the token on the LATO marketplace.
In addition, an Asset Token issuer can buy insurance or other instruments to make the token more attractive to investors.
Using the LATO investment terminal, investors can trade and manage their assets portfolio. The terminal offers trading functions, access to credible assets data stored on the blockchain, as well as asset portfolio analytics tools.
If you want to create LATO assets on the blockchain, then you’ll need to pay a fee in LATO tokens.
LAToken is a unique blockchain-based platform where you can “tokenize” your physical assets – like real estate, vehicles, or paintings – in a secure and insured way. Then, you can sell shares of those assets onto the LATO marketplace, where investors can purchase the shares in exchange for cash. You get cash while still retaining ownership of your asset. You get cash without paying interest.
The idea is that investors can benefit from the rise in value of your real estate or painting, or whatever other physical item you own, while you gain access to cash from stuff you already own.
LATO is an extension of the idea of borrowing money against your home. Instead of relying on banks, however, you can rely on blockchain technology. The organization is currently undergoing its pre-sale. Check LAToken.com to learn more about the future of LATO.