You mean those parts of asset that were bought by different owners?
Yes. |
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Let say you buy 25% of art then the owner of the art something happens and it gets destroy, now you have 25% of a worthless asset you need to spend money to take the owner to court to get your money back or will LAToken cover the expenses and all process to recover back?
I think this should not be different from ordinary insurance cases. I do not understand how this can be an insurance case of any type. You can buy a picture in offline world, but it will suffer during transportation. Suffer so much that nothing will remain of it. You can receive compensation from the insurance company, if insured against such a case ofc. But how about parts of assets? |
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Let say you buy 25% of art then the owner of the art something happens and it gets destroy, now you have 25% of a worthless asset you need to spend money to take the owner to court to get your money back or will LAToken cover the expenses and all process to recover back?
I think this should not be different from ordinary insurance cases. I do not understand how this can be an insurance case of any type. |
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If the CEOs will be sued, they won't be the ones you can trust. And the fines are so high.
But they are CEOs. They will pay a fine and then be all fine. But still you won't be able to trust them, will you? Indeed. And isn't it the highest cost? I know whay are you trying to say. But in a ceo's case you know he is a scam if a trial concludes so. And an ICO? The public perception is a powerful tool. I can say anyone that LAToken is scam. So all their marketing achievements go in vain. ahahaha. Can you proof it, bro?  |
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If the CEOs will be sued, they won't be the ones you can trust. And the fines are so high.
But the CEO is not the whole company. It can always be replaced |
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If the CEOs will be sued, they won't be the ones you can trust. And the fines are so high.
But they are CEOs. They will pay a fine and then be all fine. But still you won't be able to trust them, will you? If the CEO fulfills its promises - there is no reason not to trust it |
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What is the hard cap of all rounds? Is there the risk that no 4th round will NOT take place because the hard cap is fulfilled before?
200 million LAT. If they certainly will not want to sell anymore Well, they certainly would like to sell more, but now they have sold about 60M LAT Do you think this figure will grow dramatically? Depends on when ICO will end. Do you know the date? As far as i know, it's a middle of october And the exact date? |
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The market is cruel indeed. But it's not in their interests to dump prices.
The price depends on many factors, for example, on the number of tokens in circulation, |
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Tell me please, lets say I bought a house for 1000 tokens, and I decide to sell house - after 1 year, but token value grows x10, but house value is still the same. How many tokens will I get? Same amount as I paid, or less, becouse these are worth ten times more after a year?
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But if I do not want someone to know about my life?
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Don't you want to discuss something easier? I do not understand what is KYC and how it relates with LAToken.
Know your customer (KYC) is the process of a business identifying and verifying the identity of its clients. You can check wikipedia for basic understanding. I think that KYC will certainly be introduced on the LAToken platform, and very soon. Major international business can't operate without it in most coutries. But what about anonimity and decentralization? This is main features of cryptocurrencies. |
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Right now nobody can sell anything because there are trustees to seal an agreement with and the platform to develop. But they will be able to tokenize their property.
You mean the prospect of agreeing with the SEC, or i missed some changes in LAToken rules? LAToken is complementary with SEC rules now. I will be sure of this only when USA citisens will be have full access to functionality of LAT platform. This will need an additional round of talks, I suppose. Don't you want to discuss something easier? I do not understand what is KYC and how it relates with LAToken. |
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@Greenlee isn't the process of digitising an asset and sell it for digital tokens similar to securitization process? For example, the Collaterised Mortgage Obligations is an security created thru the securitization of mortgages. If we change the name of the instrument to LAToken and underlying asset to a house, then don't we have something that can be sold on your platform? Will SEC/FCA allow this?
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Also, if each token represents an asset from one of four round, how do i know what asset my token represents?
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How will the ban of all ICO in China affect the market of cryptocurrency?
In the long-term or near-term? Long term. |
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How will the ban of all ICO in China affect the market of cryptocurrency?
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Can anybody explain me, if I own a piece of art that is worth $1,000,000 USD. After I tokenize it, what happens to the physical piece of art? Do I keep the physical item or send it to a designated location?
Check white paper page 16 |
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Is there are plans like to sell LATAPPL for ETH or BTC, not only for LATtokens?
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What markets and countries is planned to open for assets tokenization firstly?
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From what I read LAT allows you to own fractions of an asset that LATokens hold. And there is a future settlement date with a guaranteed price. The token seems to act like a derivative, e.g. a future option in the stock market. Is my understanding correct?
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