Latium, a decentralized freelancing platform that blends an AI-based user reputation score with a “one-to-many” task relationship structure, will launch a token sale of its Latium (LATX) cryptocurrency on November 15, 2017.
The LATX cryptocurrency will allow users to participate in Latium’s tasking platform, which provides a convenient place for task-makers with task-doers to match with each other anywhere in the world.
With a goal to raise $20 million, the LATX token sale will open to the general public on November 28, 2017. 180 million tokens will be available for purchase. Latium will use proceeds of the token sale to develop and maintain its tasking platform.
Additionally, Latium is backed by advisor to the company, John McAfee, founder of the first commercial anti-virus security software.
“I’ve been in tech my entire career and I believe the Latium platform and LATX token are among the most innovative crypto products I’ve seen so far,” said McAfee. “Latium joins the gig economy with the crypto economy, providing income seekers easy access to the world of cryptocurrencies and new income streams.”
The Latium tasking platform provides the opportunity for income seekers to earn income by completing any variety of tasks that are demanded by contractors. The platform’s native currency, LATX, will be the exclusive form of payment for workers and employers.
Latium uses a proprietary artificial intelligence algorithm to assign reputation scores to both task-makers and task-doers -- aiming to provide a quantitative, unbiased quality assurance system for all users. In addition, Latium attempts to maximize earning potential for task-doers, by gamifying and localizing task opportunities for users.
“The Latium platform revolutionizes how people earn money and opens up access to the cryptocurrency market to anyone seeking income, but who doesn’t know where to start in crypto,” said Latium Co-Founder and CEO, David Johnson. “Token sale participants can unlock immediate value in LATX by utilizing the Latium platform to hire workers for their tasks.”
Johnson has 25 years’ experience in financial technology and internet commerce, and is founder of CashBackForex.com, the world’s largest forex rebate provider, with $10 billion in monthly trading volume.
Latium hopes their platform will initiate a paradigm shift in decentralized economics as it looks to streamline how humans work and earn money.
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