Episode 202 Scott Adams: Crypto Exchange LATOKEN.com CEO Valentin Preobrazhenskiy
Date: 2018-08-31 | Duration: 11:05
Topics
“WHEN” tokens available for purchase on LATOKEN.com September 1, 2018: Buy September 20, 2018: Trade WhenHub Interface App
I fund my Periscopes and podcasts via audience micro-donations on Patreon. I prefer this method over accepting advertisements or working for a "boss" somewhere because it keeps my voice independent. No one owns me, and that is rare. I'm trying in my own way to make the world a better place, and your contributions help me stay inspired to do that.
See all of my Periscope videos here…
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Find my WhenHub Interface app here…
https://interface.whenhub.com
## Transcript
## [Introduction and Special Guest Valentin Preobrazhenskiy](https://www.youtube.com/watch?v=LXtVg_nqy9I&t=6s)
Bum-bum-bum bum-bum-bum. Valentin, if you haven't heard this, that is 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 kind of a short Periscope—one topic. If you didn't get enough of me this morning, here's more of me.
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 you'll bear with me. It's Valentin Preobrazhenskiy. Am I close?
## [WhenHub and the Interface App](https://www.youtube.com/watch?v=LXtVg_nqy9I&t=68s)
Valentin is CEO of LATOKEN at LATOKEN.com, a crypto exchange which will be listing my startup's token, the WHEN, on September 1st. I've got a little cheat notes here; you can see that the token will be called the WHEN, and WhenHub is the company. The app that it's associated with is the Interface by WhenHub, where you can instantly connect to experts on all kinds of topics. The 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 WhenHub.com or 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 we'll try to pull you along a little bit.
Now Valentin, how long has LATOKEN.com been up and running? It's been over a year, right?
## [LATOKEN’s Background and Liquidity](https://www.youtube.com/watch?v=LXtVg_nqy9I&t=128s)
**Valentin:** Yes, so we launched LATOKEN as a multi-asset exchange platform something like a year ago. But this is based on my Home Equity Marketplace, which I was around in for four years. Also, I added my risk management system for my hedge fund, which I developed for seven years, so it's played to the long history of the platform.
**Scott Adams:** Great. How many crypto products do you handle on your exchange right now? If somebody had a WHEN token and they wanted to exchange it for some other crypto, what are the big ones on there that they could exchange it for?
**Valentin:** There are more than 100 tokens, and our region also adds new asset classes, especially tokens linked to assets.
## [Popular Tokens and Global Presence](https://www.youtube.com/watch?v=LXtVg_nqy9I&t=188s)
**Scott Adams:** What are the most popular coins or tokens that are already on the platform?
**Valentin:** Bitcoin, Ethereum. Sometimes there are points which exceed the volume of Bitcoin or Ethereum classic. I also remember Ethereum, then the coin was written for a while. The trick is looking for the community in alternative tokens. They are coming to our platform because we are the number one exchange by liquidity in these tokens, and this is a value proposition: the biggest liquidity. That's why we are the best place to launch a new token.
**Scott Adams:** Are you doing a tour of Asia right now? Where are you?
**Valentin:** I'm in Jakarta. We are making our events, looking for our representatives and partnerships. We want to grow our user base there.
## [WHEN Token Discounts and Schedule](https://www.youtube.com/watch?v=LXtVg_nqy9I&t=249s)
**Scott Adams:** I understand. I know you weren't working in this specifically, but we've been working with your team and we've set up some discounts. Anybody who thinks they might want to own one of my startup's crypto tokens called the WHEN (WHEN), 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% and down to 10%. So those are the discounts. The sooner you get in, the bigger your discount.
## [Risk and Speculation in Crypto](https://www.youtube.com/watch?v=LXtVg_nqy9I&t=311s)
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. 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 with many thousands of users. 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.
## [Launch and Listing Dates](https://www.youtube.com/watch?v=LXtVg_nqy9I&t=371s)
The big dates, Valentin, are September 1st—anybody can buy the WHEN on LATOKEN.com, right?
**Valentin:** Sorry, could you repeat?
**Scott Adams:** I was just saying the dates. September 1st, people will be able to buy the WHEN token. There are already lots of other tokens that they can buy on the exchange.
**Valentin:** Yes, the date scheduled for the launch of trading on the exchange is September 20th. It shall be listed September 20th.
**Scott Adams:** 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. How many people work on your team, Valentin?
## [The LATOKEN Team and Future Asset Classes](https://www.youtube.com/watch?v=LXtVg_nqy9I&t=434s)
**Valentin:** 77 people. It's a pretty big enterprise.
**Scott Adams:** I know that some people are going to say the sound isn't great because we have some connection problems, so we'll keep it short. I want to value your time. Is there anything you want to tell the audience while you have them here about LATOKEN?
**Valentin:** We are an exchange focused on liquidity, new tokens, and asset classes. Our target is to be number one by liquidity in 80% of tokens on our platform. If you want to get one of these tokens, you would prefer to go to us because the biggest communities are here. This is the reason why it's the best place to launch a new token trade.
Now on our platform, we are starting to add new asset classes: tokens representing equity. We turn private companies to public. There are also venture funds that can be tokenized and tradable, real estate and so on.
## [Compliance and Closing with Valentin](https://www.youtube.com/watch?v=LXtVg_nqy9I&t=496s)
**Valentin:** We are doing KYC and qualification of investors in each country accordingly to local regulation. Our goal is to make a big audience of qualified traders who can trade in compliance with security regulation and build the secondary market for these corporate assets.
**Scott Adams:** Great, Valentin. We're going to keep it short—people like these kinds of Periscopes to be short. So I'm going to say thank you, and I'm going to sign off now. Thanks so much for joining us over in Jakarta. I look forward to working with you in the future.
**Valentin:** Thank you. All right, bye-bye.
## [Token Utility vs. Equity](https://www.youtube.com/watch?v=LXtVg_nqy9I&t=557s)
I saw a question come by that I wanted to answer. Somebody asked if buying tokens gives 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, talking about the Interface by WhenHub app—if the demand for the product goes up and people are using it or paying in crypto, then the demand for the token goes up. In theory, supply and demand will cause the value of your coin to go up.
It's a way to make money if the company makes money, but not in an equity way and not as a qualified investment. You should think of these as more speculative. You should think of them as something that you would only diversify if you wanted to be in the crypto area. Don't buy just one of them because it's 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.
## [Final Wrap-up and Dates](https://www.youtube.com/watch?v=LXtVg_nqy9I&t=619s)
That's all for now. I'm going to keep it short. Just wanted to let you know that LATOKEN.com is where, on September 1st, you'll be able to buy the WHEN 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. That's all for now. I will see you later.