Latium is the world’s first decentralized platform for real world projects and community driven initiatives. Latium’s goal is to improve the world by making a transparent decentralized platform to help harness the world’s labor force, while increasing labor equality and opportunity for those who may not have the ability or opportunity to find work. By creating a digital platform that allows for real world actions to be taken and digital reward given Latium helps bridge the gap between the digital and physical world. You can view more at
https://latium.org/.
The Latium ecosystem will consist of many components, but the major roles are played by task doers and task makers. Taks makers consist of anyone (Persons, Companies, Organizations, Governments, etc) with a desire to have an action completed and willing to pay a reward to whomever is willing to complete the required task (task doer).
Task doers consist of anyone (Persons, Companies, Organizations, Governments, etc) willing to complete a task for a reward. In its most basic form Latium is a platform to exchange effort for reward or vice versa. There are many basic examples (Freelancer, Fiver, Upwork, etc.) but all of these examples are very limited in scope and do not facilitate the much broader needs of a global labor market. The Latium platform will allow users around the globe to create tasks of any size, from getting more twitter followers to providing clean water to a Sub-Saharan African community. No task is too big or too small for Latium.
All payments within the Latium Platform will be made using the LAT ERC20 token. This is truly a token with a purpose.
Token Symbol: LAT
Overview of Token Structure
Initial Token Sale: 10,000,000 tokens are available during the initial token sale. Any tokens not sold during this period will be used for a secondary sale, at market rates, once a beta version of the platform is released.
Platform Adoption Incentives: 10,000,000 Tokens will be used for promotion once the Latium platform is in production. These tokens will provide incentives to sign up and use the Latium platform during the first year of production. New users will be allocated a certain amount of tokens to use within the Latium Ecosystem (cannot be withdrawn but can be spent on task creation). Our proprietary device identification technology will help mitigate fraud and abuse of this incentive system. These 10 million tokens will be held in a lockup contract and released, according to the schedule below, for use in the system. After release, these funds will be held in a single contract. The only function of this contract will be to release tokens to platform users and will be made available for public inspection prior to the first token release in order to ensure transparency. The below schedule is the maximum that can be withdrawn on a given date. The amount of the withdrawal will be determined at the time of release up to the maximum allowed by the lockup contract. The amount withdrawn will be solely up to the management team and based on project requirements at the time of release. This contract has been made available on Github for public review and etherscan.io. You can view those contracts here:
2.5 million LAT Tokens released - January 31st, 2018
2.5 million LAT Tokens released - April 30th, 2018
2.5 million LAT Tokens released - July 31st, 2018
2.5 million LAT Tokens final incentive released - October 31st, 2018
Founder's Lockup Contract: 10,000,000 tokens will be held in the founder’s lockup contract. This contract will have the following set release schedule. These funds will be used to expand the management team in key areas after production release and also as founder’s equity. The amounts shown below are the maximum amount that can be withdrawn from the Lockup contract. The amounts actually withdrawn will be left up to the founders to decide up to the maximum allowed by the contract. This contract has been made available on Github for public review. You can view those contracts here:
2.5 million LAT Tokens released - September 2018
2.5 million LAT Tokens released - September 2019
2.5 million LAT Tokens released - September 2020
2.5 million LAT Tokens released - September 2021
Prototype
A prototype for the Latium Platform is already available for viewing. It is just a small sample of what the Latium Platform can and will be. You can view it by clicking the image below
Meet the Latium Team
