Hello Everyone!
We have some big announcements to make. First off we would appreciate it if you visited
https://latium.org/ and watched the video of our CEO David Johnson discussing some of the changes to be made concerning the future of the Latium sale.
We appreciate all of the support through the initial phase of the token sale and consider it a huge success. Moving forward there are some changes that we want everyone to be aware of.
First, LAT is now listed on HitBTC at
https://hitbtc.com/LAT-to-BTC. LAT is now a fully functional token that can be deposited, exchanged and withdrawn. We know everyone has been waiting on that and we appreciate your patience. We were working in the background on the changes and getting everything in line before the token was listed.
With that being said, we have some major announcements concerning the future of the sale. Through a huge amount of research and discussions with the community, advisors, investors, and potential investors the Latium team has decided to split the LAT token. We believe that through this move we will provide the best opportunity for current and future investors, as well as the long term viability of the Latium Platform.
Some general information about the split:
The team has created a new token called LATX. LATX will be the focus of the team in the next phase of the sale beginning on October 31st with a whitelist sale. The general sale with begin on November 15th. Any current LAT holders will be able to transfer their LAT to the LATX token at a rate of 1 LAT for 11 LATX. The ability to transfer LAT to LATX will exist in perpetuity, meaning you will be able to transfer later this month, next month, next year, or 10 years from now.
As stated earlier, the whitelist sale for LATX begins October 31st. You will find more detailed information about the whitelist sale in the updated whitepaper which is due out early next week, but the concept is to create an evenly distributed supply of tokens. Creating an evenly distriubuted supply providdes security against whales buying the entire supply and then dumpind the tokens. During the general sale, which begins on November 15th, you will be able to purchase LATX at a rate of 2000 LATX for 1 ETH. Ethereum will be the only currency accepted during the sale.
The original LAT token will not be used in the platform in any way. LATX will be the only token used in the platform. We of course suggest you hold LAT and transfer to LATX once that is available, but listing LAT on HitBTC provides you with the ability to make that choice on your own.
Some other important news is that we have partnered with the Wings platform. If you do not know what Wings is, it is an ICO review community. The Wings community has around 8000 members who will review the whitepaper, the team, the token structure, the product and every minor detail of the entire project and provide rankings and reviews for it's potential success. This will begin in the next 3-4 weeks and we are thrilled to work with Wings.
We know this is a lot of information and if you have any questions please feel free to reach out to us on Slack, Telegram or send an email to
[email protected] and we will get back to you as soon as possible.
Again, thank you all for your support!
I am happy with this good news. But why make a new coin (LATX). and the current price is very low. where from the beginning it says 100 LAT = 1 ETH.