Review on LATOKEN by Stephen Toluwani
An Airdrop and Initial Exchange Offering Hub of new start-ups
Latoken is a centralized exchange that gains it's popularity based on the number of company start-up it supports. The exchange is a hub for new Initial Exchange Offering and Verified Airdrops. The exchange is registered in Estonia and boasts of a trading volume of around 1,000 Bitcoins monetary value. The Liquidity provided for most coins on the exchange isn't that high for me especially for start-up projects which leads to fake price adjustment by the
The exchange boasts of an intuitive User Interface that is easily navigable for it's users and has a great trading view for it's currency charts. Currently, there are over a 100 crypto coins and tokens listed on the exchange. Despite being a new exchange and a not popular one at that, the exchange provides up to 6 different security setups of which some I do not understand due to its technical terms, they sure do assure the users of their fund
The exchange offers regular IEO's and airdrops and also offers referral rewards to it's affiliates through the trading commission. With the influx of different projects and tokens in the exchange, Latoken has a plethora of questionable assets trading on its platform of which some later die of and makes the exchange mistrustful
The exchange makes KYC compulsory for it's users to participate in Airdrops and other promotions which I don't find amusing. The exchange also charge exorbitant fees for withdrawal of some of its tokens, though other coins are moderately fair. The trade fees of 0.1% isn't much of an accomplishment but the fact that the exchange supports card deposit which can be used to purchase cryptocurrency makes it ideal for entry level investors
Pros
- The exchange supports a variety of Airdrops and IEO's
- Offer's some security setup to protect the users account and funds
- Has a good user interface and a concise trading view chart to monitor price movements
- Accepts card deposit
Cons
- Trade fees of 0.1% for both market makers and market takers
- High withdrawal limits and fees for some preselected tokens and coins
- The exchange makes KYC compulsory
