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

[mtnminer]

So what happens if the owner of the shares goes bankrupt or cannot provide the shares to lat?

How is counterparty risk managed?

Accreditated companies will sell asset on the auction to return money back to investors in case of asset owner won't be able to buy his property back on the settlement date.

How will the auction equity shares if the company doesn't have them?

The owner then will have to give their assets away

What if they are bankrupt?

[Greenlee]

So what happens if the owner of the shares goes bankrupt or cannot provide the shares to lat?

How is counterparty risk managed?

Accreditated companies will sell asset on the auction to return money back to investors in case of asset owner won't be able to buy his property back on the settlement date.

How will the auction equity shares if the company doesn't have them?

The owner then will have to give their assets away

What if they are bankrupt?

Owners? This is the responsibility of trustees to ensure that the buyers will receive their LAT or fiat

[bobq]

Do you already have Italian translation? I could be interested (once bounty conditions are published).
Project is extremely interesting.

[jiapetz]

What happens once the stock purchased on the exchange expires. Does the exchange then buy it back at current USD price in the form of LAT?

[Greenlee]

What happens once the stock purchased on the exchange expires. Does the exchange then buy it back at current USD price in the form of LAT?

If the seller fails to buy LABT back on the expiration date, it's sold on the Dutch auction for fiat currency

[jiapetz]

What happens once the stock purchased on the exchange expires. Does the exchange then buy it back at current USD price in the form of LAT?

If the seller fails to buy LABT back on the expiration date, it's sold on the Dutch auction for fiat currency

Who is the seller in the case of stock though? The LAToken team?

[Greenlee]

What happens once the stock purchased on the exchange expires. Does the exchange then buy it back at current USD price in the form of LAT?

If the seller fails to buy LABT back on the expiration date, it's sold on the Dutch auction for fiat currency

Who is the seller in the case of stock though? The LAToken team?

The tokenizer of the stock, who sells his LABT to investors

[baddw]

Token sale will be completed in 4 rounds, right ? how many is total supply?

[Greenlee]

Token sale will be completed in 4 rounds, right ? how many is total supply?

Yes, 4 rounds, total supply:
200M  - token sale
200M - team pool, maintenance, development
600M - frozen

[jiapetz]

If someone is tokenising an asset, how does the buyer know that the asset really exists?

[jiapetz]

for example if someone tokenises a Picasso painting, how does the buyer know it is genuine?

[Greenlee]

If someone is tokenising an asset, how does the buyer know that the asset really exists?

The owner should provide the documents proving their rights to the property

[Greenlee]

for example if someone tokenises a Picasso painting, how does the buyer know it is genuine?

There are certified trustees, who are responsible for the safety of an asset. They also conduct appraisal of it

[jiapetz]

for example if someone tokenises a Picasso painting, how does the buyer know it is genuine?

There are certified trustees, who are responsible for the safety of an asset. They also conduct appraisal of it

Who are the certified trustees? How does a certified trustee know if the gold is really gold?

[Greenlee]

for example if someone tokenises a Picasso painting, how does the buyer know it is genuine?

There are certified trustees, who are responsible for the safety of an asset. They also conduct appraisal of it

Who are the certified trustees? How does a certified trustee know if the gold is really gold?

Certified trustees are companies, accredited by LAT to conduct and ensure the procedure of tokenization. They also appraise assets.
As for gold, it's traded only as futures at the LAT marketplace.

[jiapetz]

for example if someone tokenises a Picasso painting, how does the buyer know it is genuine?

There are certified trustees, who are responsible for the safety of an asset. They also conduct appraisal of it

Who are the certified trustees? How does a certified trustee know if the gold is really gold?

Certified trustees are companies, accredited by LAT to conduct and ensure the procedure of tokenization. They also appraise assets.
As for gold, it's traded only as futures at the LAT marketplace.

Thanks for answers!

[baddw]

Anybody know how much fees Latoken takes for asset tokenization?

[Greenlee]

Anybody know how much fees Latoken takes for asset tokenization?

Up to 0.01% of the asset tokens’ sale price
And transaction fees for trading asset tokens are ~0.001%

[baddw]

And what about fees of service vendors involved in the process - insurance, trustees and so on?

[Greenlee]

And what about fees of service vendors involved in the process - insurance, trustees and so on?

According to white paper, origination expenses, the asset owner has to pay in fiats and the exact amount of fees will depend on the asset class and smart contract details