Topic: [ANN][LATX - Token Sale] Latium Tasking Platform (Read 349 times)
Very grandiose plans, but how realistic are they? For example, Adopt incentives for the platform: 60,000,000 LATX (20% of the total supply). I think that it will be interesting for investors?
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 LATX ERC20 token. This gives the token a true market value not based purely on speculation. This is truly a token with a purpose.
Latium will be hosting a token sale for the new LATX ERC20 token, which will be the only form of payment within the platform. You can purchase the LATX token using ETH.
Token Symbol: LATX
Overview of Token Structure
Token Sale: 180,000,000 LATX (60% of total supply) tokens available during all phases of the token sale. Any tokens not sold during this period will be burned.
Platform Adoption Incentives:60,000,000 LATX (20% of total supply) 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 ramp up 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 New users will be allocated a certain amount of tokens to use within the Latium Ecosystem (cannot be withdrawn but can be spent on task creation). These 60 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
15 million LATX Tokens released - January 31st, 2018
15 million LATX Tokens released - April 30th, 2018
15 million LATX Tokens released - July 31st, 2018
15 million LATX Tokens final incentive released - October 31st, 2018
Founder's Lockup Contract:45,000,000 LATX (15% of total supply) tokens will be held in the founder’s lockup contract for 12 months releasing November 1st 2018. These funds will be used to expand the management team after production release in key areas and founder’s equity. This amount is 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.
Bounty Programs:15,000,000 LATX (5% of total supply) will be allocated for bounty programs. The following programs are included in this allocation Wings (1% of total supply), General Affiliate System (up to 2.6% of total supply), General Bounty (1% of total supply), Miscellaneous bounties (0.4% of total supply), such as promotional programs, content writing, etc.
Meet the Latium Team
Join our Slack channel here.
Join our Telegram Channel here.
Join our Telegram Group here.
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All purchases of LATX should be for the sole purpose of use within the platform. This is not an offer for investment or a security. If you are looking to purchase the LATX token with a purpose other than usage within the platform you should reconsider your purchase.
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