[ANN] 🔵 LATOKEN - Multi-Asset Trading Platform 🔵 - page 187.

Greenlee

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Quote from: jiapetz on September 13, 2017, 07:57:43 PM

Quote from: Greenlee on September 13, 2017, 07:54:45 PM

Quote from: jiapetz on September 13, 2017, 07:52:10 PM

for example if someone tokenises a Picasso painting, how does the buyer know it is genuine?

There are certified trustees, who are responsible for the safety of an asset. They also conduct appraisal of it

Who are the certified trustees? How does a certified trustee know if the gold is really gold?

Certified trustees are companies, accredited by LAT to conduct and ensure the procedure of tokenization. They also appraise assets.
As for gold, it's traded only as futures at the LAT marketplace.

jiapetz

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Activity: 350

Merit: 250

Quote from: Greenlee on September 13, 2017, 07:54:45 PM

Quote from: jiapetz on September 13, 2017, 07:52:10 PM

for example if someone tokenises a Picasso painting, how does the buyer know it is genuine?

There are certified trustees, who are responsible for the safety of an asset. They also conduct appraisal of it

Who are the certified trustees? How does a certified trustee know if the gold is really gold?

Greenlee

sr. member

Activity: 336

Merit: 250

Quote from: jiapetz on September 13, 2017, 07:52:10 PM

for example if someone tokenises a Picasso painting, how does the buyer know it is genuine?

There are certified trustees, who are responsible for the safety of an asset. They also conduct appraisal of it

Greenlee

sr. member

Activity: 336

Merit: 250

Quote from: jiapetz on September 13, 2017, 07:50:48 PM

If someone is tokenising an asset, how does the buyer know that the asset really exists?

The owner should provide the documents proving their rights to the property

jiapetz

sr. member

Activity: 350

Merit: 250

for example if someone tokenises a Picasso painting, how does the buyer know it is genuine?

jiapetz

sr. member

Activity: 350

Merit: 250

If someone is tokenising an asset, how does the buyer know that the asset really exists?

Greenlee

sr. member

Activity: 336

Merit: 250

Quote from: baddw on September 13, 2017, 06:58:52 PM

Token sale will be completed in 4 rounds, right ? how many is total supply?

Yes, 4 rounds, total supply:
200M - token sale
200M - team pool, maintenance, development
600M - frozen

baddw

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Activity: 700

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Token sale will be completed in 4 rounds, right ? how many is total supply?

Greenlee

sr. member

Activity: 336

Merit: 250

Quote from: jiapetz on September 13, 2017, 06:35:36 PM

Quote from: Greenlee on September 13, 2017, 06:32:21 PM

Quote from: jiapetz on September 13, 2017, 06:30:23 PM

What happens once the stock purchased on the exchange expires. Does the exchange then buy it back at current USD price in the form of LAT?

If the seller fails to buy LABT back on the expiration date, it's sold on the Dutch auction for fiat currency

Who is the seller in the case of stock though? The LAToken team?

The tokenizer of the stock, who sells his LABT to investors

jiapetz

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Activity: 350

Merit: 250

Quote from: Greenlee on September 13, 2017, 06:32:21 PM

Quote from: jiapetz on September 13, 2017, 06:30:23 PM

What happens once the stock purchased on the exchange expires. Does the exchange then buy it back at current USD price in the form of LAT?

If the seller fails to buy LABT back on the expiration date, it's sold on the Dutch auction for fiat currency

Who is the seller in the case of stock though? The LAToken team?

Greenlee

sr. member

Activity: 336

Merit: 250

Quote from: jiapetz on September 13, 2017, 06:30:23 PM

What happens once the stock purchased on the exchange expires. Does the exchange then buy it back at current USD price in the form of LAT?

If the seller fails to buy LABT back on the expiration date, it's sold on the Dutch auction for fiat currency

jiapetz

sr. member

Activity: 350

Merit: 250

What happens once the stock purchased on the exchange expires. Does the exchange then buy it back at current USD price in the form of LAT?

bobq

sr. member

Activity: 1148

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Do you already have Italian translation? I could be interested (once bounty conditions are published).
Project is extremely interesting.

Greenlee

sr. member

Activity: 336

Merit: 250

Quote from: mtnminer on September 13, 2017, 05:24:37 PM

Quote from: Greenlee on September 13, 2017, 05:19:45 PM

Quote from: mtnminer on September 13, 2017, 05:04:43 PM

Quote from: Greenlee on September 13, 2017, 05:02:50 PM

Quote from: mtnminer on September 13, 2017, 04:58:26 PM

So what happens if the owner of the shares goes bankrupt or cannot provide the shares to lat?

Quote from: mtnminer on September 13, 2017, 04:59:49 PM

How is counterparty risk managed?

Accreditated companies will sell asset on the auction to return money back to investors in case of asset owner won't be able to buy his property back on the settlement date.

How will the auction equity shares if the company doesn't have them?

The owner then will have to give their assets away

What if they are bankrupt?

Owners? This is the responsibility of trustees to ensure that the buyers will receive their LAT or fiat

mtnminer

sr. member

Activity: 294

Merit: 250

Quote from: Greenlee on September 13, 2017, 05:19:45 PM

Quote from: mtnminer on September 13, 2017, 05:04:43 PM

Quote from: Greenlee on September 13, 2017, 05:02:50 PM

Quote from: mtnminer on September 13, 2017, 04:58:26 PM

So what happens if the owner of the shares goes bankrupt or cannot provide the shares to lat?

Quote from: mtnminer on September 13, 2017, 04:59:49 PM

How is counterparty risk managed?

Accreditated companies will sell asset on the auction to return money back to investors in case of asset owner won't be able to buy his property back on the settlement date.

How will the auction equity shares if the company doesn't have them?

The owner then will have to give their assets away

What if they are bankrupt?

Greenlee

sr. member

Activity: 336

Merit: 250

Quote from: mtnminer on September 13, 2017, 05:04:43 PM

Quote from: Greenlee on September 13, 2017, 05:02:50 PM

Quote from: mtnminer on September 13, 2017, 04:58:26 PM

So what happens if the owner of the shares goes bankrupt or cannot provide the shares to lat?

Quote from: mtnminer on September 13, 2017, 04:59:49 PM

How is counterparty risk managed?

Accreditated companies will sell asset on the auction to return money back to investors in case of asset owner won't be able to buy his property back on the settlement date.

How will the auction equity shares if the company doesn't have them?

The owner then will have to give their assets away

baddw

hero member

Activity: 700

Merit: 500

Quote from: mtnminer on September 13, 2017, 05:04:43 PM

Quote from: Greenlee on September 13, 2017, 05:02:50 PM

Quote from: mtnminer on September 13, 2017, 04:58:26 PM

So what happens if the owner of the shares goes bankrupt or cannot provide the shares to lat?

Quote from: mtnminer on September 13, 2017, 04:59:49 PM

How is counterparty risk managed?

Accreditated companies will sell asset on the auction to return money back to investors in case of asset owner won't be able to buy his property back on the settlement date.

How will the auction equity shares if the company doesn't have them?

Smart contract i guess will do it

mtnminer

sr. member

Activity: 294

Merit: 250

Quote from: Greenlee on September 13, 2017, 05:02:50 PM

Quote from: mtnminer on September 13, 2017, 04:58:26 PM

So what happens if the owner of the shares goes bankrupt or cannot provide the shares to lat?

Quote from: mtnminer on September 13, 2017, 04:59:49 PM

How is counterparty risk managed?

Accreditated companies will sell asset on the auction to return money back to investors in case of asset owner won't be able to buy his property back on the settlement date.

How will the auction equity shares if the company doesn't have them?

Greenlee

sr. member

Activity: 336

Merit: 250

Quote from: mtnminer on September 13, 2017, 04:58:26 PM

So what happens if the owner of the shares goes bankrupt or cannot provide the shares to lat?

Quote from: mtnminer on September 13, 2017, 04:59:49 PM

How is counterparty risk managed?

Accreditated companies will sell asset on the auction to return money back to investors in case of asset owner won't be able to buy his property back on the settlement date.

mtnminer

sr. member

Activity: 294

Merit: 250

How is counterparty risk managed?

Topic: [ANN] 🔵 LATOKEN - Multi-Asset Trading Platform 🔵 - page 187. (Read 307573 times)