We all know that popularity of cryptocurrencies has gone through the roof in recent times. Thanks to the sharp increase in the popularity of blockchain technology. It is one of the reasons which forced me to follow the development in the field of cryptocurrencies. These days, I try to keep track of various cryptocurrencies and how they are performing in the market. What has surprised though is that every day some company releases their own cryptocurrency? You would think that why is this a problem.
To understand the issue behind so many cryptocurrencies, you will have to have in-depth knowledge of how these cryptocurrencies work and how are their prices determined. But, you need not worry about those as I have already done the hard part.
With so many cryptocurrencies, volatility becomes a major concern. We don’t have to worry about volatility while dealing with fiat money as banks sustain the currency. But, that’s not the case with cryptocurrencies. It’s common to find the price of Bitcoin or Ether going up or down by 10-15% within a day. This scares me a lot!! It only makes the use of cryptocurrency problematic and inconvenient.
This issue calls the need for creation of a financial platform which can act as a central authority to sustain a particular cryptocurrency. And thanks to LAPO- this issue can be solved. LAPO is a platform which aims at using AI and blockchain technology to solve the issue of volatility.
<center></center>
**LAPO platform**
LAPO wishes to establish a stable connection between the crypto world and traditional finance system. This will help consumers, traders with a human-centered payment model with the help of blockchain technology. The overall purpose of LAPO is to reduce the complexity of the process and increase the use of cryptocurrency.
Some of the unique features of the platform are-
➢ Users have an access to easy to use UI for trading Altcoins, fiat money or LAPO tokens
➢ An easy to integrate API system which will allow online shops to easily integrate LAPO services
➢ The platform has stability fund which will prevent against price volatility of LAX tokens. It also uses AI to analyze its market, historical data to predict the illegal manipulations.
➢ Businesses can create a customized advertisement
➢ Strong security to protect against fraud and data breaches
➢ Strong privacy policy to provide the anonymity of your transaction
➢ Faster transaction (will take only 3-5 seconds)
➢ Various incentives or reward schemes
**ICO and Team**
LAPO uses ERC20 token which is created on Ethereum blockchain. The company has released 3 billion LAX tokens for sale. LAPO will organize a pre-sale from 1st May 2018- 1st June 2018 and main ICO sale from 15th June 2018. The tokens will be sold at a rate of 1 LAX =$0.01 USD (pre-ICO) and 1 LAX=$0.025 USD (ICO). The company will accept Ether, Bitcoin or fiat money for buying LAX tokens.
<center></center>
**Conclusion**
LAPO will launch its mobile wallet and a beta version of its platform in Q3 2018. The company also plans to launch mobile wallet with a contactless payment system, trading platform, merchant portal in Q4 2018. LAPO will launch API v2.0 in Q2 2019 and its trading platform in Q3 2019. The final version of the platform will be launched in Q4 2019.
The above might sound good plan for the company but the big question for you is whether you should invest in this company or not. Personally, I think that the popularity of cryptocurrencies will increase as many businesses seek to use new ways to apply blockchain technology. LAPO provides an excellent workable financial ecosystem for people who love to invest in different cryptocurrencies. But, a slight twist is that the company is not completely decentralized as they plan to use central banks for their purpose.
None the less, company certainly promises a lot and has a potential to deliver them also. So, it can be a good choice to invest in a company like LAPO. But, do let me know your thoughts on LAPO? Do you think that the company can attract investors?
You can remain updated to latest news related to LAPO via-
**Website** - https://lapo.io/
**Whitepaper** - https://lapo.io/files/lapo-whitepaper.pdf
**ANN** - https://bitcointalk.org/index.php?topic=2981605
**Telegram** - https://t.me/lapodiscussion
**Facebook**- https://www.facebook.com/lapoblockchain
**Twitter**- https://twitter.com/LapoBlockchain
**Reddit**- https://www.reddit.com/r/LAPOBlockchain/
**Published by** - coineaglebt
**Profile** - https://bitcointalk.org/index.php?action=profile;u=1936073
hiveblocks