Hey everyone! Our whitepaper is now live on our site at http://latium.org/whitepaper.pdf
Check it out!
according to the white paper there is an old coin which is called LATC and now swap to LAT for 1:1 ratio i have a question is this coin that we already earn in bounty twitter is an old coin LATC or the new token LAT? im just a little cunfuse here since i read that phase 1 is swaping from old coin LATC to new token LAT.Check it out!
LATClassic (currently called LAT; same LAT of years ago) = worthless old coin. No value.
LAT = Future Ethereum-based coin =
valueThey are trying to fund their new LAT (
value) by selling Old LAT (No value) in trade for ETH (worth about $250 or so) with pre-sale. Phase 1 will involve getting new LAT ( Value) in trade for worthless LAT in a 1:1 trade.I think the reason we're seeing such a slow take-up in the pre-sale is because people realize that they're essentially buying 150 worthless coins with ETH, which has a known value of about $250 each. If this project dies on the vine before the new LAT is ever produced, people will be holding a lot of worthless coins and spent a fair amount of money for it.
Not a wise business move, in my opinion. I'd trade LATC (worthless) for LAT (
value), but not 1ETH for 150 worthless coins.