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LATOKEN
RankLATOKEN
Name
Volume (24h)
Visits
Avg.Liquidity
No.Markets
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LATOKEN
000
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LATOKEN is a liquid asset token (LAT) platform that was designed to allow cryptocurrency users to diversify their portfolios by giving them access to both real and virtual assets that have been tokenized and put up for sale on an exchange.

The platform is registered in Estonia, and was founded in 2017 by CEO Valentin Preobrazhensky, together with a team of 35 people.

From the very beginning, the company's mission has deviated slightly from the meaning of a traditional cryptocurrency exchange, at least that's what was suggested in their initial mission statement. It was supposed to serve as a platform for trading cryptocurrencies with multiple assets, however, as they developed, the exchange became more of a platform for exchanging cryptocurrencies, dealing mainly with trading virtual assets.

The exchange attracted important figures early on: its advisory board includes people like Kenneth Goodwin, a former senior compliance adviser to the director of the US Federal Reserve Bank.

In the early stages of development, the ambitious platform tried to tokenize shares of companies such as Apple, Amazon and Tesla, as well as commodities such as oil, gold and silver. The goal was to gain access to trillions of dollars worth of assets, which included 5 classes of real assets-stocks, real estate, loans, goods, and works of art.

However, they faced some difficulties and perhaps due to regulations, funding restrictions, and their vision could be stopped.

Trading Characteristics

The user interface of the platform is greatly simplified, so that even beginners can quickly navigate.

The exchange also has a launchpad for startups where they can conduct their initial exchange offers. The data shows that a total of 400,000 users have accessed the IEO platform and invested in more than 130 startups, making it one of the most successful startup platforms.

It also recently released a public beta phase of its decentralized exchange, although it is not yet operational due to a lack of trading history.

The exchange has its own utility, the LA token, designed to facilitate transactions both as a quote currency and to calculate transaction fees.

It also has a support page containing help sections compiled in the form of frequently asked questions that arise when using a crypto exchange.

LATOKEN fees

The trading fee is set at 0.05% for all pairs with the LA token, and for producers or recipients of all other trading pairs - 0.1%.

The deposit fee is not charged, and the withdrawal has a dynamic commission based on the blockchain network.

Safety

As for security, various functions are provided on this exchange:

  • All private keys are encrypted with AES-256 and stored offline;
  • 5% of users ' funds are stored in cold storage with multi-signature technology;
  • The system of protection against DDoS attacks is used, built on an advanced architecture of a distributed system;
  • All passwords in the LATOKEN database are encrypted with what the exchange calls "salty SHA-256".

Users can further protect their accounts and prevent third-party access by configuring email and phone verification, as well as the Google app authenticator.

Summary

  • To own your crypto assets, you need to manage your own private keys.
  • Ledger hardware wallets make private key management easy and secure.
  • Each unique 24-word recovery phrase creates a new set of private keys.
  • Make sure you secure your 24-word recovery phrase properly.
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