Today I’m taking a closer look at Latium (latium.org) which is a new cryptocurrency ICO (initial coin offering).
This is a very hyped up ICO so the question on a lot of peoples minds is whether Latium is an ICO worth investing in?
Let’s take a closer look and find out.
The notion of cryptocurrency ICO has been explained and listed out quite a few times by varying sources. Although ploughing money into a cryptocurrency ICO can be very profitable, tokens are still not gaining the position of a trustworthy exchange. When a coin hits an exchange you can feel more confident in the ability to buy and sell that particular coin but an ICO is basically a promise that you’ll receive the tokens. Bad ICO’s won’t even reach exchanges as the project will fail so you need to be careful.
This created a lot of nervousness in users to invest their money, which is fathomable. If you are also one of those who has any kind of doubt about this concept, then worry not because we have got you covered. The following Latium review will focus on all the factors to help you to clear any speculations and take the right decision.
What is Latium?
Latium is a path-breaking idea that creates the platform for real-world adoption of cryptocurrency as a mode of payment. Latium’s goal is to incorporate real world things like giving digital reward to users after completion of a task created by some another user. It is a blockchain platform providing world’s first decentralized microtasking work over the network. By doing this, the company promotes transparent transactions between client, customers, and the company. It connects people who want service that is tasks and works with people who are willing to complete the specified job. Payments are made in real-time via the blockchain.
How Does Latium Work?
Latium, just like other distributed networks, is built in a client to server environment. It uses the Ethereum blockchain, and uses ERC20 token as the the Latium token (LAT). This token acts as the payment method for everything available on the Latium platform.
Latium uses patent credit algorithms along with the Ethereum blockchain to fire employers and employees who are not attentive or responsive, fake jobs, and unpaid work. This is a streamlined tasking process where users communicate directly, with no interference from a third party leading to lower fees for users and a more efficient process.
Litium also provides automatic reward to users after completion of a task and these rewards range from 150 LAT to around 1,000 LAT. Apart from this users can also set their own rewards.
Latium is designed for quick, simple projects with small rewards and not larger projects which may not be able to be completed by someone over the internet. The Latium client is available over the internet browser and also through apps.
Latium provides the following features:
Clients can make tasks, select their desired performer, and verify whether the task has been completed according to their wishes and requirements.
Clients can apply to complete tasks, mark tasks as completed after completing them successfully, and request for payment.
In Latium all users will receive a score based on an algorithm. The score will help task makers to choose people accordingly.
Latium currently has two payment modes. One is an internal system that works in real-time and is 100% free. The other is blockchain-based mode of payment and this mode requires confirmation from miners.
Users will have profiles with editable avatars, descriptions, and other bio related information. This allows people who create task and people doing job to get an idea of what they are doing.
Latium also features an interactive chat system for all clients so that the clients can solve any doubts and properly know the person they are giving their work to.
Search appropriate tasks:
Task doers can find any specific tasks that match with their interests and capabilities.
Latium Token Sale
The Pre-Sale period of the Latium Token will be an awesome opportunity to purchase Latium Ethereum tokens at a slashed rate. Users can go for Classic Latium during the Pre-Sale phase which can then be exchanged later for Tokens Latium Ethereum during Phase 1. Obviously investing at ICO always seems like a great opportunity but you do have to remember that many large investors who get in at pre-sale will dump their coins when they hit exchanges.
So it’s not always best to buy at ICO, you can often hold off until it hits exchanges and end up getting in at a better price. It’s something you need to think about.
Latium is a revolutionary breakthrough blockchain based system allowing users to exchange LAT tokens as payment and rewards for small tasks. I personally like the look of Latium and will be considering making an investment either at ICO stage or once it hits the exchanges. I think this could be a long term good coin especially since it has advisors like John McAfee on board.
That being said there’s a lot of hype surrounding this coin. Don’t just jump on the hype make sure you believe and understand the concept.
Thanks for reading.