The crypto-currency exchange is developing incredibly fast with more establishing companies providing new products and new opportunities. We can always observe them from the sidelines, evaluating the players and discussing their rises and falls. But will they end up regretting their inactivity?
We all know that everything in the world has a price. But have you ever wondered what the total cost of all the world’s assets? According to Valentin Preobrazhensky – CEO of the start-up Latoken – the total cost of the world’s assets is valued at approximately 600 billion US dollars. However, no more than 20% of the assets are liquid.
Some see pure facts here, but Latoken experts see nothing but opportunities. All the assets can be monetized, and Preobrazhensky suggests that people use LAT tokens for monetization.
It’s very similar to the purchase of a forwarding contract at the stock market, but with one key difference: payment for tokens are made strictly via cryptocurrency – Ethereum, to be precise.
Crypto-currency holders purchase the company’s tokens that are linked to the price of a publicly traded asset, such as Apple shares. Within the agreed timeframe, Liquid Asset Token buys the tokens out at the current asset price.
At the moment, only the most popular products serve as assets, but according to the project’s founder, this is temporary. During its initial ICO, the company implemented 9 million dollars worth of tokens.
The company’s founders humbly promise that the gross cost of the company’s token will be as high as 1.2 billion dollars by 2025. That will make up 30% of the entire cryptocurrency market. A number of respectable digital cryptocurrency exchanges, such as Bittrex and Bitfinex, have already announced their partnership with Latoken.
