RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

LATOKEN

LATOKEN Exchange Review

Centralized

LATOKEN Overview

  • LATOKEN is a blockchain-based platform and protocol that enables the exchange or trade of cryptocurrencies (or digital assets) and real assets. It also enables the tokenization of assets in a straightforward, secure and time-effective manner.

    A LATOKEN exchange review reveals that it has its own native ERC20 token, namely LAToken (LA) token. LA token has a max supply of 1 billion tokens and was launched on October 25, 2017 by Valentin Preobrazhenskiy during the 2017 crypto bull market.

    They serve the crypto community via no less than 123 active markets. A LATOKEN exchange review also reveals that they offer various cryptocurrency pairs, including various LA-related cryptocurrency pairs.

    It is also revealed that LATOKEN takes security very seriously, including the offline storage and encryption of private keys with AES-256 – a security standard, algorithm or specification based on the Advanced Encryption Standard (AES). They also encrypt passwords in their database by using Salted SHA-256 (super secure “salted” password hashing via SHA-256 – a cryptographic hash algorithm). This while the bulk of user funds are kept offline in multi-sig wallets or wallets that require multiple or more than one signature.

    A LATOKEN exchange review also reveals that all data transmitted via their website is done using TLS connections such as HTTPS. They also require Two-Factor Authentication (2FA) in terms of changes to account settings and withdrawals. This while DDOS protection ensures that attacks from the outside cannot halt or interfere with trades.

    They also offer a LATOKEN exchange widget that makes it possible for the owners of websites to sell cryptocurrencies or digital assets via their websites and earn up to half of the exchange fees.

    The exchange is meant to function as more than just a cryptocurrency trading platform, as an exchange review reveals that the exchange “plans to launch trading is asset tokens”. This hints that LATOKEN is aiming to expand the areas of use that cryptocurrency has in daily life, and eventually integrating it into major and critical industries, such as real estate.
    Fiat trading is not available on this platform, which could deter new cryptocurrency investors as they will need to utilize other platforms in order to trade on LATOKEN. Trading fees are also not provided to the user on the website, or any other platform online, which could be a risk for any potential new users.
    The company behind LATOKEN is LAT Foundation PTE, which is mentioned on their website. The exchange is overseen by CEO Valentin Preobrazhensky, who has previous entrepreneurial experience in the cryptocurrency world. Such information is available on their website, as well as on other online platforms, which renders LATOKEN transparent and hence more trustworthy.

    LATOKEN Exchange Review, Trading Fees, Deposit and Markets

    • 24h Trading Volume

      113330.326 BTC

      • LATOKEN Total Trading Pairs

        215

        • LATOKEN Margin Trading

          No

          • LATOKEN Deposit fees

            No Deposit Fees Applied

            • LATOKEN Fiat Deposit

              None

              • Accepted Payment Method

                None

                • LATOKEN Native token

                  Yes

                  • Native token smart contract

                    N/A

                    • LATOKEN Trading Markets
                      • LATOKEN Stablecoins trading

                        LATOKEN Withdrawals

                        • Daily Withdrawal Limit

                          1000 USD

                          • LATOKEN Withdraw fees

                            The withdrawal fee is going to be deducted from the transferred amount. The fee is displayed below the minimum amount.

                            • LATOKEN Withdraw fees discount

                              50% trading against LA

                              • Proof of Reserves

                                N/A

                                LATOKEN Exchange Rating Analysis

                                Last edit 17.07.2019

                                • LATOKEN is a cryptocurrency exchange aimed at those who prefer a very wide range of coins to trade from and boasts low fees among seemingly attractive features. It was launched in 2017 and in October of that year completed its ICO, raising $19.6M in Ether by selling its LA token. To this day, LATOKEN have not provided concrete evidence or documentation that presents viable token economics which justify the value of the token and its title of “utility token”, although they are constantly trying to convince users that it is in fact one.

                                  LATOKEN’s User Experience is quite good. No KYC is required (a bonus for some and concern for others) and the website quality is fair. Customer support are quick to reply and genuinely assist you in an attempt to solve your problem or answer your question.

                                  The platform’s performance is average at best: many outlets claim LATOKEN is reporting fake volume numbers which are coordinated by the exchange itself to boost its rankings. If true, it must mean that the representation of the platform’s performance is questionable – The trade matching engine might appear to withstand a heavy load, but if and when “real” volume comes along we have no way of determining if the infrastructure upon which the exchange is built is capable of handling such situations without hiccups.

                                  Features on LATOKEN are lacking; While there is a wide range of coins to trade, the vast majority of them are illiquid, and if the volume-faking reports are to be believed, then these pairs might even have no liquidity at all.
                                  The exchange offers no other trading options other than spot trading and no mobile app, and its only real extra feature is the ability to purchase crypto with a credit card.

                                  The LATOKEN team is large and reputable, with many of its members being alumnis of respected institutions such as McKinsey, and most are based in Moscow.

                                  LATOKEN manages to create an impressive social media presence, providing promotions to encourage trading, listing new coins frequently and maintaining several communication channels.

                                  Finally, our Trust in LATOKEN’s ability to safeguard user funds is questionable. While they were never hacked, the exchange’s regulatory status is not terrible but quite unclear: it is incorporated in Singapore, where crypto laws could be seen as a bit loose. They do keep some user funds in cold storage, although they don’t mention how much. Finally, there seems to be a significant amount of users who report that the exchange is making it hard for them to withdraw their money, with the withdrawal system wither not working or withholding user funds altogether, and no real help offered or given by the customer support team. While we do not believe there is a real attempt by the exchange to scam users out of their money, we do believe something in the “let-users-withdraw-their-own-money” workflow is broken or at least not functioning as well as it should, and so for us – LATOKEN is currently best avoided if a better alternative can be found.


                                  Last Updated:  June 20th, 2019

                                  LATOKEN Exchange KYC and AML

                                  LATOKEN IEO launchpad

                                  Stage Start date End date Fundraising
                                  Green Funding Coin

                                  Green Funding Coin

                                  Apr 2, 2019 - Apr 30, 2019 N/A
                                  7Eleven

                                  7Eleven

                                  Mar 28, 2019 - Invalid date £20M
                                  Volum

                                  Volum

                                  May 17, 2019 - Jun 17, 2019 n/a
                                  ClinicAll

                                  ClinicAll

                                  Mar 20, 2019 - Jul 3, 2019 $100M
                                  Tron Game Global

                                  Tron Game Global

                                  Jun 13, 2019 - Jun 14, 2019 $60M
                                  MECA Coin

                                  MECA Coin

                                  Apr 15, 2019 - May 31, 2019 $5.5M
                                  SocialRemit

                                  SocialRemit

                                  May 1, 2019 - May 31, 2019 $2M
                                  GStar

                                  Gstar

                                  Jan 1, 2019 - Mar 20, 2019 $20K
                                  Zeux

                                  Zeux

                                  Jun 7, 2019 - Jul 5, 2019 ETH10K
                                  Monarch

                                  Monarch

                                  Jun 7, 2019 - Jun 30, 2019 $50M
                                  Octera

                                  Octera

                                  Jun 1, 2019 - Aug 31, 2019 $11M
                                  Agrolifecoin

                                  Agrolifecoin

                                  May 29, 2019 - Aug 23, 2019 $250M
                                  AllSesame

                                  AllSesame

                                  May 21, 2019 - Jun 15, 2019 $6M

                                  LATOKEN Exchange Additional Information