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

[panteraforlife]

Do the real world transaction fees apply when buying real estate (shares)?
That’s not something that can be just ignored because you are paying tokens via a blockchain.

These real world transaction fees are similar for LAToken model and for a traditional model. But totally LAToken model will be more beneficial.

[panteraforlife]

The LAToken model has several advantages.
a) Blockchain is vital to store property rights of tokens and process transactions which enable secondary market for fractional ownership.  
b) Tokenisation allows to sell fractions of assets on a secondary market. LAToken make tradable real assets in crypto. This makes illiquid assets liquid and unlock their value for asset owners, while crypto investors enjoy opportunity to diversify crypto portfolio into real assets without exchanging crypto to fiat.

[mtnminer]

How do you guys counter money laundering?

Also interested in this aspect, it seems to be a rather difficult task

[jiapetz]

Hi guys! Is the trading activity between LAT customers now, or is it just the company doing the trading?

[panteraforlife]

The LAToken model has several advantages...

Also several interesting points to addition.
- Independent appraisals are used as a benchmark to ensure that the prices are fair. However prices of tokens and property sale are determined by market auctions at the settlement date.
- Custodian can be international, there will be many certified custodians.
- Custody sells the property at an auction which together with independent appraisal insures that the price is fair.  Insurances will be used.
- Will be insurance and verification for artworks.

[panteraforlife]

How do you guys counter money laundering?

The LAT Platform will follow KYC and AML rules and apply for relevant licenses where needed.

[panteraforlife]

bounty program LAToken is ready came back?

LAToken was forced to stop the Bounty campaign. They do not accept any new participants now.
If you have already registered in LAToken Bounty, you must stop your activities right now.
But don't worry, every participant will get a compensation according to the personal results.
Check your email, they should have sent you a letter.
They promises to sum up the results & email the news to every participant soon.

[monsterdoge]

How do you guys counter money laundering?

The LAT Platform will follow KYC and AML rules and apply for relevant licenses where needed.

What is KYC and AML?

[Greenlee]

How do you guys counter money laundering?

The LAT Platform will follow KYC and AML rules and apply for relevant licenses where needed.

What is KYC and AML?

Know your customer (KYC) refers to due diligence activities that financial institutions and other regulated companies must perform to ascertain relevant information from their clients for the purpose of doing business with them. The term is also used to refer to the bank regulation which governs these activities. Know Your Customer processes are also employed by companies of all sizes for the purpose of ensuring their proposed agents', consultants' or distributors' anti-bribery compliance. Banks, insurers and export credit agencies are increasingly demanding that customers provide detailed anti-corruption due diligence information, to verify their probity and integrity.

[Greenlee]

How do you guys counter money laundering?

The LAT Platform will follow KYC and AML rules and apply for relevant licenses where needed.

What is KYC and AML?

Standing for "Anti-money Laundering", it is a set of procedures, laws or regulations designed to stop the practice of generating income through illegal actions. In most cases money launderers hide their actions through a series of steps that make it look like money coming from illegal or unethical sources was earned legitimately.

[baddw]

How do you guys counter money laundering?

The LAT Platform will follow KYC and AML rules and apply for relevant licenses where needed.

What is KYC and AML?

Also KYC and AML regulations are local, and differ from country to country. Jurisdiction is also, on a coutry to country basis.

[mtnminer]

How do you guys counter money laundering?

The LAT Platform will follow KYC and AML rules and apply for relevant licenses where needed.

What is KYC and AML?

Also KYC and AML regulations are local, and differ from country to country. Jurisdiction is also, on a coutry to country basis.

If you want to know more about your specific country, visit: http://kycmap.com

[iamthewalrus]

What happens, if I don’t buy my asset token back?

[Greenlee]

What happens, if I don’t buy my asset token back?

If you don't buy your asset token back on the settlement date, the trustee will sell the asset at fiat currency auction. The auction proceeds will be distributed among the asset token holders in crypto-currency or fiat.

[iamthewalrus]

Anybody know does the 2FA activation need to be done on just the myetherwallet or on all wallets which carries ETH

[Greenlee]

Anybody know does the 2FA activation need to be done on just the myetherwallet or on all wallets which carries ETH

This is up to you, but for full security and protection it is recommended to use 2FA

[iamthewalrus]

If the price of eth crashes to $100, we still get same amount of tokens?

[Greenlee]

If the price of eth crashes to $100, we still get same amount of tokens?

There are reserved tokens in the case of huge USD/ETH volatility

[kursigoyang]

If the project token already exists in one dev market because I see this project is growing very well and also a lot of project enthusiasts.

[iamthewalrus]

 Would you require insurance and verification for artworks?