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15 insights on Latium


Sep 06, 2017 Posted /  1701 Views


15 insights on Latium

15 insights on Latium


1. Latium concept

Latium is the first and only tasking platform in the world designed and engineered with a one-to-many task relationship structure. This will allow a user to create a task where they can hire one person or many thousands of people to complete the same task. 


2. Supporing Digital 

In the case of a Digital task, if a user wishes to drive traffic to an online petition then he/she can do it by posting one simple Latium task form, they can send as many people to the petition page as their budget allows. Latium has also designed proprietary task proof systems for both Digital and In-Person tasks, so trust is taken out of the equation and tasks with multiple contracts become very easy to manage. 


3. Supporting In-person tasks

If a user is promoting a grand opening for a new restaurant, they post a new task with the details of the event, then approve applicants that wish to show up for a reward. As the applicants show up they must all scan either a printed QR code, or a code on the task creators phone to check-in to the event. Once the event is complete, they will scan an additoinal QR code to release payment for the task. In-Person multi-contract tasks can be used for marketing events such as this, or even political or community driven projects.


4. Latium is an Ethereum platfrom

Payment for tasks completed on the Latium system will be credited in realtime using the Ethereum Blockchain. The Latium ERC20 token will be the established form of payment on the platform, which will create intrinsic value for token holders as the coins will be purchased by employers in order to create new tasks in the system.


5. Solving major issues

The latium platform solves major issues like lack of real world adoption of cryptocurrencies by creating an easy to use market place where anyone willing to complete a task is rewarded with LAT tokens making crypto currencies available to all. The Latium platform solves the issue of lack of transparent global labor market by removing boarders and intrusive government regulation. 


6. A better payment system 

The problem regarding the lack of fast payment system is solved by latium by issuing all payments via LAT tokens. These tokens can be withdrawn as soon as the task maker marks the job complete.


7. Latium benefits

The advantages of the latium platform includes:

a. Easy access to crypto

b. Easy access to workers

c. Easy access to work

d. Fair and transparent

e. Real-time payment

f. Deflationary design to gain value over tim 

g. Free to use


8. Features of the Latium platform 

The latium platform has some cool features like Clients can apply for and perfom tasks, they have a reputation system, profile management system, allows group projects, and a latium transfer system, chat system, and also user can search system with filters.


9. Latium Transfer System

Latium will include two payment transfer options. One will be an internal system that is real time and does not require confirmations from miners and will be100% free. The other will be blockchain based and require miner confirmation. They are still evaluating if they will use a state chain for these transfers to help mitigate the gas cost of transacting on chain.


10. Budget allocation

The funds accumulated from the ICO will be distributed like:

a. 40% will be allocated for Development

b.30% will be allocated for Marketing

c.15% will be allocated for Security 

d.10% will be allocated for day to day Operations

e. 5% will be allocated for Legal services


11. Cryptocurrencies accepted

The users can purchase tokens with Ethereum, Bitcoin and NEO. 


12. Current status

The total tokens for sale are around 10,000,000 LAT, the total tokens sold are around 705827.0 LAT and the current token value $ 3.12 USD. 


13. General Sale

The Latium General Sale is now open to the public. Latium ERC20 Tokens are available for purchase at a rate of 100 Latium Tokens for 1 Ethereum until 7.5 million tokens have been sold. You may also transfer Latium Classic tokens at a rate of 1 to 1 or purchase LAT Tokens with Bitcoin at a varible exchange rate.


14. Pool Sale

After 7.5 million Tokens have been sold, the remaining 2.5 million tokens will be available for sale using Ethereum, Bitcoin, and Latium Classic. A period of 2 weeks will be given for this pool sale. At the end of the pool sale all 2.5 million coins will be distributed based on the percentage of the pool you contributed.


15. About the Latium platform 

The Latium platform is a paradigm shift in decentralized economics that can bring about real change in the way humans work, interact and earn money. Latium provides the opportunity for users to easily earn income by completing tasks, while other users have tasks completed for them in a uniquely trustless system.


Applancer is an open platform for discussion on all things like Blockchain , Cryptocurrency and Ico news updates. As such, the opinions expressed in this article are the author's own and do not necessarily reflect the view of Applancer .

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Tags: ico list Latium Latium ICO Latium ICO Insights Latium crowdsale

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