LA-LATokenDetailed Description

LA-LAToken Detailed Description

LAToken is a tokenized asset blockchain platform. Through the tokenized transaction of real assets, virtual currency can be widely used in the real economy. We allow all virtual currency owners to monetize real assets, making Portfolio diversification. Users can use cryptocurrencies on LAToken's platform to trade shares in Apple, Amazon, Facebook and others, as well as gold and oil.
LA token is the native currency of the LAToke platform and has practicality. LA can be used to trade with other cryptocurrencies and pay transaction fees.

Project Introduction

LAToken allows virtual currency to be widely used in the real economy through tokenized transactions of real assets. We allow all virtual currency owners to diversify their investment portfolios by monetizing real assets.

How it works

Asset Tokenization
LAToken also allows virtual currency holders to easily trade past liquid assets with virtual currency, such as real estate and works of art:
The asset owner will partly Assets are sold to LAT-certified custodians
·The custodian issues asset tokens of equivalent value and sells them to other virtual currency holders
·Virtual currency holders can sell asset currencies in the secondary market
· The asset owner can repurchase the asset token on the settlement date or the custodian can sell the asset in the auction and distribute the proceeds to the asset token owner

Transaction
On the LAT platform, virtual currency holders can use asset tokens to purchase equivalent publicly traded assets (stocks, creditor's rights and commodities):
LAToken issuance and Asset tokens of the same value as publicly traded assets
·Virtual currency holders can purchase asset tokens at the auction on the LAT platform
·On the scheduled asset settlement date, LAToken will be repurchased from virtual currency holders at the current market price Equivalent asset tokens (such as Apple's share price in the Nasdaq stock market at that time)

Due to the relatively low transaction fees on the LAT platform, any virtual currency holder can profit from stocks, debts and potential value-added commodities without converting into legal currency.