[ANN] 🔵 LATOKEN - Multi-Asset Trading Platform 🔵

[keepinquiet]

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.

[panteraforlife]

Come on, more details. I was sured too, that tokinization not allowed for USA livers.

When you're to buy some LAT and you state you're a US citizen, you see the following:

Thank you for the clarification, guys. I am so retard in the morning.><

[gtac01]

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.

[keepinquiet]

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.

[panteraforlife]

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.

The "full functionality" for everybody can't be achieved at least until winter i think. LAToken developers must finish many things before. But some of the stated features can be discussed.

[badman74]

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.

The "full functionality" for everybody can't be achieved at least until winter i think. LAToken developers must finish many things before. But some of the stated features can be discussed.

Yes, but tokenizing will be allowed earlier I expect. Maybe not for all kinds of assets but Valentin has tested it already.

[gtac01]

Platform users can only be individuals? Or legal entities, too? Or there is no difference at all?

[panteraforlife]

Platform users can only be individuals? Or legal entities, too? Or there is no difference at all?

I think some difference is only for process of tokinization. On trusties and custodians level. And strongly depends on local country laws.

[badman74]

Platform users can only be individuals? Or legal entities, too? Or there is no difference at all?

Legal entities for sure can, there are a point in terms of service about that.

[panteraforlife]

Platform users can only be individuals? Or legal entities, too? Or there is no difference at all?

Legal entities for sure can, there are a point in terms of service about that.

I have a questions about "worldwide" features, for example. Restriction of the functional works only in the territory of the above-mentioned countries? If I am a US citizen, but went to Europe on a tour. Maybe i can gain access to full functionality of trade platform during my trip somehow? Or maybe i can register a fictitious company outside USA and achive full access to any operations with backed-assets? I can't buy this assets for firm bcz i am USA citisen, but what if my firm will buy it for me?

[CryptoLogo]

Platform users can only be individuals? Or legal entities, too? Or there is no difference at all?

Legal entities for sure can, there are a point in terms of service about that.

I have a questions about "worldwide" features, for example. Restriction of the functional works only in the territory of the above-mentioned countries? If I am a US citizen, but went to Europe on a tour. Maybe i can gain access to full functionality of trade platform during my trip somehow? Or maybe i can register a fictitious company outside USA and achive full access to any operations with backed-assets? I can't buy this assets for firm bcz i am USA citisen, but what if my firm will buy it for me?

If you are an US citizen/resident, you should select that you are such. No matter where you are at the moment.

[monsterdoge]

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.

[CryptoLogo]

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.

Yes, sure. KYC is quite a difficult practice.

[CryptoLogo]

I was wondering recently: can cryptocurrency benefit mutual understanding between nations?
I believe we have discussed something related to this earlier, but the international nature of LAToken just keeps arising these thoughts.
On one hand, it can meet the requirements of WTO somehow. On the other hand, governments doesn't care about WTO tbh. May LAToken practices bring more order to that system?

[Oceat]

Guys, what do you think about ethereum hard fork https://cointelegraph.com/news/ethereum-announces-metropolis-hard-fork-coming-late-september
How will this affect to the LAT tokens?

Hard to tell as for the prices. But it may make the life of careless users easier, I think.

In a way?..

Hard fork it's like upgrade, you know. Speed, reliability - everything will improve

I see, thanks. And the price of mining will be lower, as I take it. Not a good sign.

In this hardfork, a change in the algorithm is promised, which will make the mining more costly. Price of mining must grow, at least because of the payment for electricity.

And without hard fork, the complexity of mining will increase. And as for me - it's good. The number of solo miners will go down to zero

Hardfork is not yet occurred so those solo miners will still have enough time to recover for their loss.

[rodeoclownicp]

Can you explain, if I buy tesla shares for 1000 tokens, but token price will increase in value 2x, when I sell those tesla shares, I will get 2x less tokens, as the price of the tokens has increases over time?

[panteraforlife]

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.

[keepinquiet]

I was wondering recently: can cryptocurrency benefit mutual understanding between nations?
I believe we have discussed something related to this earlier, but the international nature of LAToken just keeps arising these thoughts.
On one hand, it can meet the requirements of WTO somehow. On the other hand, governments doesn't care about WTO tbh. May LAToken practices bring more order to that system?

You mean that since the trustees will have to act as a mediator between the buyer and the owner they will link countries?

[Greenlee]

Can you explain, if I buy tesla shares for 1000 tokens, but token price will increase in value 2x, when I sell those tesla shares, I will get 2x less tokens, as the price of the tokens has increases over time?

Well, not exactly. On our platform you could purchase Tesla tokens for, let's say, X amount, and if the price increases (the price of our tokens is linked to real asset prices from the market) you will be able to sell it on our platform for 2x amount
Generally speaking, market situation is reflected on our platform, so your profit or loss will depend on market situation
 

[panteraforlife]

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.