LATOKEN is a universal multi-asset trading platform, with ambitions to become a leading name in the cryptocurrency trading space.

To support that aim, LATOKEN is creating a decentralized exchange designed to handle very large trading volumes, up to 100 000 TPS.

The platform already supports trading for major crypto pairs and certain ICO tokens. The team is currently pursuing the required licenses to enable full-scale trading.

Additional capabilities of the LATOKEN Platform include:

Instant P2P exchange

Crypto/fiat gateway

Research & Analytics section

Newsfeed and advanced trading features.

How it works?

On the LATOKEN platform, cryptoholders can purchase tokens tied to the price of publicly traded assets. The workflow is:

1. LATOKEN issues tokens linked to the price of publicly traded assets

2. Cryptoholders participate in an auction on the LATOKEN platform to buy asset tokens using cryptocurrency

3. On a set settlement date, LATOCKEN repurchases asset tokens from cryptoholders at the current market price of the underlying asset

What is LA?

LA serves as the primary currency on the LATOKEN platform. It lets users trade crypto and asset tokens with reduced trading-fee rates versus other cryptocurrencies. LA functions as a utility token, and its use has been supported in a legal memorandum.

The token is already available on multiple exchanges, including OKEX, HitBTC and KuCoin.

During LA`s token sale, 400 million tokens were issued, with 78 million distributed.