In July 2017 I invested in the Bitquence ICO (Initial Coin Offering). I hadn’t been tempted by any other ICOs as I hadn’t seen anything which got me excited. I mean… a token to pay for your dental bills? Hempcoin? Maybe they’ll do well, but I don’t see anything disruptive which could fundamentally drive the market forward.
Bitquence was different. I saw lots of ideas which could well see more people investing in cryptocurrency and spreading the risks. For example, I love the idea of being able to invest in a basket of a particular type of cryptocurrency – perhaps privacy coins – without having to search them out, buy and store them individually, etc.
Having invested $1,750 worth of Ethereum, the Bitquence (BQX) price rocketed up to a high of $1.33 on 18th August. It has since slipped back, but at the time of writing my net profit from the ICO stands at around $25,000 if I were to cash out.
My feeling is that the price will go back above $1 if/when BQX is added to the two big exchanges (Bittrex and Poloniex) and at that point I’ll almost certainly lock in a good profit.
In the meantime, a second ICO has caught my attention.
LAToken (LAT) is a way to “tokenize” assets. In other words, you can buy or sell part assets. Perhaps you want to invest in Warren Buffett’s Berkshire Hathaway company, for example, but you don’t happen to have the $275,000 laying about that you would need in order to buy one share.
What LAToken aims to do is allow lots of people to buy parts of that share and hold it collectively.
And not just shares… property, works of art, commodities or any other asset of value.
It’s an interesting concept!
Here’s a short video which explains how it works:
More About LAToken
LAToken is nothing to do with Los Angeles… it stands for “Liquid Asset Token” and the people behind it are seriously impressive.
Take a look at the LAToken team and you will see that many have held executive positions at global corporations, banks and other tech companies. The likes of Gazprom, AOL, UBS and Deutsche Bank.
Having a team like this gives me huge confidence in the project.
LAToken has attracted a lot of PR too, such as this article in Forbes, this one in the Financial Times and an interview with CEO, Valentin Preobrazhenskiy, on entrepreneur.com.
Another big difference between this ICO and most others is that LAToken is already operating. You can head there right now, sign up and use the platform to buy or sell assets.
I don’t know about you, but I’m excited about investing some of my cryptocurrency profits!
How to Buy LATokens
It’s very easy to get involved; click here and transfer some Ethereum. That’s it!
Here’s a video which shows you the process step-by-step:
If you’re quick, you will also receive bonus tokens. At the time of writing, the bonus is 10%.
Do some digging and decide whether the LAToken ICO is something you would like to get involved with.
To me, it’s an interesting concept backed by an impressive team. I have invested 10 Ethereum (ETH) at a value of $3,000 or so. In addition, I received the bonus tokens, so my LAToken balance is already valued at 11 ETH!
I’m very happy to use some of my profits from Bitquence (BQX) to invest in this ICO, but do your own research and good luck!
Note: If you decide to contribute and use the link below, I will receive a bonus number of tokens at no extra cost to you. If you prefer to go directly and cut me out, that’s fine 🙂