Short recorded livestream interview (Scott Adams with Valentin Preobrazhenskiy, CEO of LATOKEN) announcing that Scott Adams' startup token "WEN" will be listed on LATOKEN. Key points: LATOKEN positions itself as an exchange focused on liquidity for new tokens and asset-backed tokens; WEN token sale available to buy on September 1 (listing) with trading enabled around September 20; early-purchase discounts (40% → 30% → 20% → 10% over successive periods); LATOKEN has over 100 tokens listed, a team of 77, and is expanding in Asia (Jakarta) while adding asset-class tokenization (equity, real estate) with KYC/qualification per local regulations.
Questions this video answers
September 1 (purchase/listing date announced).
Around September 20 (first tradable date announced).
40% between September 1–5; then 30% for the next five days; then 20%; then 10% (successive periods).
77.
More than 100 tokens.
Chapters
Bum bum bum bum bum bum. Valentin, if you haven't heard this, that is my, my, my opening music for my periscopes. I do it myself. It's called. Hey, everybody, come on in here. We've got a very special. And it'll be kind of a short periscope. One topic. If you didn't get enough of me this, this morning, here's more of me. All right, I'd like to introduce my special guest and I'm going to do a terrible job of correctly pronouncing his last name. I hope, I hope you'll bear with me. It's Valentine or Valentine Preobrazhensky. Am I close?
Yeah.
Okay. Okay. So Valentine is CEO of LA token@latoken.com a crypto exchange which will be listing my startup's token the when on September 1st. I've got little cheat notes here, you can see. So you can see that the token will be called the Wen. And it's wenhub is the company. The app that it's associated with is the interface by wenhub app where you can instantly connect to experts on all kinds of topics. Any expert can sign up, create their own cost and price, and then it's just automatic within the app. September 1st, you'll be able to buy our tokens on latoken.com you can get them on wenhub.com but go to latoken.com on September 1st and then September 20th you'll be able to trade them. If you don't know what any of that means, you're probably not involved in the crypto world. But will, we'll try to pull you along a little bit now, Valentine, how long has latoken.com been up and running? It's been over a year, right?
Yes. So we launched La Token as a tokenization and exchange platform something like one year ago. But this is based on my Homo Equity marketplace, which I was running for four years. And also I added my back office and risk management system from my hedge fund which I developed for seven years. So it's plenty long history of the platform.
Okay, great. And how many, how many crypto products do you handle on your exchange right now? So if somebody had a, a Wen token and they wanted to exchange it for some other crypto, what are the big ones on there that they could exchange it for?
There are more than 100 tokens. These are new tokens and we are adding also new asset classes, especially tokens linked to assets.
Okay, and what are the most. One of the most Popular coins, coins or tokens that are already on the platform. Bitcoin, Ethereum.
Sometimes there are new altcoins which kind of exceed my volume. Classical Bitcoin or Ethereum. Recently it was, but I also remember Ethereum then the coin was leading for a while. So there are traders looking for liquidity in alternative tokens. They are coming to our platform because we are the number one exchange by liquidity in these tokens. And this is our value proposition, the biggest liquidity. And that's why we are the best place to launch a new token.
And are you doing a tour of Asia right now? Where are you right now?
I'm in Jakarta. So we are making our HR events, BSDM events. We are looking for our representatives, our partnership managers. So we want to grow our user base there.
All right. Now I understand, I know you weren't working on this specifically, but we've been working with your team and we've set up some discounts. So anybody who thinks they might want to own one of my startups, crypto tokens called the wen W H E n they're going to be deeply discounted. 40% between September 1st and the 5th, then it goes down to 30% for the next five days, then down to 20%, then down to 10%. So those are the discounts. The sooner you get in, the bigger you discount. Now, I should tell anybody who has not been in this market before that these are not investments per se, so they don't qualify as investments. It's a high risk kind of place to put your money. If you've diversified and you've got enough money to put a small portion of it in crypto, you might want to think of companies that are up and running because a lot of the crypto tokens that you can buy are just ideas for companies. So you'd be putting your money into something that could only be valuable if the idea comes to fruition. But we're well along. We've got an actual app that's in stores now. It's up and running, many thousands of users and the sooner you get in, the sooner you can get the discount. Now, when they hit the market and they're freely traded in the regular market, the value can go up or down based on market forces. So just be aware of that. So the big dates Valentine are September 1st, you'll be. Anybody can buy the WEN on latoken.com, right?
Sorry, could you repeat?
Oh, so I was just saying the dates that on September 1st people will be able to buy the WEN token there are already lots of other tokens that they can buy on the exchange.
Yeah, if the date schedule it for launch of trading on exchange.
Yes.
Date of listing it's 5th September then it will it shall be listed on the 1st of September.
All right, so September 1st you can buy them on the platform, but September 20th will be the first date that you can trade them for other currencies as I understand. Yes. So how many people work on your team? Valentine?
Sorry?
How many? How many people?
77.
77 people. It's a pretty big enterprise. Yeah, I know that some people are going to say the sound isn't great because we have some little bit of connection problems. So we'll keep it short and I want to value your time. Is there anything you want to tell the audience while you have them here about LA token?
So we are exchange focused on liquidity, new tokens and asset classes. So we target to be number one by liquidity in 80% of tokens on our platform. So if you want to get one of these tokens, you would prefer to go to us because the biggest humidity is here. And this is the reason why it's best place to launch a new token trade. So now our platform we are starting to add new asset classes, tokens representing equity. So this helps turn private companies into public without ipo. There are lots of venture funds can be tokenized and tradable real estate and so on. And we are doing KYC and qualification of investors in each country accordingly to local regulation. So our goal is to make big audience of qualified traders who can trade in compliance with security regulation.
All right, so this opens the door.
To crypto market for big corporates.
Okay, great Valentine. We're going to keep it short. People like these, these kinds of periscopes to be short. So I'm going to say thank you and I'm going to sign off now and thanks so much for joining us over in, over in Jakarta you said. And look forward, look forward to working with you in the future.
Thank you. All right, have a good lunch.
Bye bye bye. So I saw a question come by that I wanted to answer. Somebody said that buying tokens they asked does that give you equity in the company? And the answer is no. But the reason that people buy coins in a startup is that the design of the company in our case anyway, just talking about the interface by wenhub app. If the demand for the product, the interface app goes up and people are using it or people are paying in crypto, then the demand for it goes up and that in theory, supply and demand will cause the value of your coin to go up. So it's a way to. It's a way to make money if the company makes money, but not in an equity way and not as a qualified investment. So you should think of these as more speculative, and you should think of them as something that you would only diversify if you wanted to be in the crypto area. Don't buy one of them because it's a very risky business. You want to buy a number of them. And if you want to lower your risk, you want to stick to companies that already have a product out as we do. That's all for now. I'm going to keep it short. Just wanted to let you know that latoken.com spelled this way is where on September 1st you'll be able to buy the WEN tokens, either just to hold or to use in the product. And on September 20th, you'll be able to trade them for other cryptos. And that's all for now, and I will talk to you later.
