THE LA TOKEN ICO
It’s nice to review a cryptocurrency where you don’t have to make a judgment as to whether or not it’s a scam. LA Token (which stands for Liquidity Access Token) is one of the most innovative new developments into the realm of blockchain. LA Token promises that once it’s online, you’ll be able to transfer a house or a car into fractional ownership tokens that allow it to be sold on the blockchain. This is a game changer, and one of the exciting new developments in blockchain technology.
Selling .375 of Your Car
It’s possible. It may not be of any particular value, but for some assets, like stocks, it actually can be quite advantageous. For example, let’s say one share of MegaCorp costs $235, and you want to invest $500 in MegaCorp. Typically, that would have left you with only 2 shares, and an extra $130. Not anymore. You can now invest $500 into MegaCorp which translates into (roughly) 2.55 shares.
Any legitimate asset can be “tokenized” in this manner. That includes stocks, bonds, cars, houses, horses, works of art, gold, real estate, and anything else you can think of. The result is that trillions of dollars worth of assets are moving onto the blockchain.
LA Token Products
- LA Token Marketplace. The marketplace has processed over 1000 home equity loans.
- LA Token Wallet. The LA Token wallet has been online since June of 2017.
- Liquidity Asset Token is still in development.
- Token Assets Exchange is still in development.
With the possibilities endless, it seems hard not to like LA Token as an investment.
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