Please take a few seconds to vote for Latium. In doing so you help ensure better market access for yourself and the Latium community. Please click here and vote for LAT. If you take a few minutes to register on hitBTC, your vote counts as 10 votes. All that is required is an email address and password. We greatly appreciate your support!
The goal of Latium is to increase public awareness of crypto-currency. The Latium system was designed to distribute coins fairly among the contributing members of the community. While we encourage Latium users to earn as many coins as possible by referring new users to the site, fraud in any form will not be tolerated. Please keep in mind that all payment requests will be reviewed by the Latium fraud team to ensure compliance. Any users attempting to defraud the system by creating multiple registrations, creating fake users, or any other avenue of possible fraud, will be permanently banned from the Latium system and all coins credited will be revoked. Latium also reserves the right at its sole discretion to ban any user it feels has tried to abuse the system. We are happy you have decided to join the Latium community and encourage all users to help spread the word.
Latium is limited to one registration per household. You may register family and friends but only if they don’t reside in the same house. Any registration from the same house will result in all associated accounts being permanently banned!
Latium is the first Crypto Currency to utilize a non-technical deployment network. Latium cannot be mined, but can be acquired simply by signing up. There is no catch: you sign up, you get coins.
Every new user that registers on the site is credited 5 Latium for signing up. Additional Latium can be acquired by referring others to claim their free Latium.
Once you've successfully registered for Latium, you'll be given a unique referral link. Any user that registers through your link will earn you more Latium. Your network can grow up to 100 tiers of referrals.
Latium is based on Proof Of Stake instead of Proof of Work. No mining is required to maintain the network. Every person that holds Latium is able to place coins at stake and is paid interest for doing so. This dramatically reduces the resources required to maintain the network.
Latium uses Proof of Stake (PoS) instead of the typical Proof of Work (PoW) algorithm. PoS pays interest every time a user mints a block. All users holding Latium in their wallet have the ability to mint. The main advantages of PoS are lower resource consumption, fairer distribution of new coins, greater network stability and no special hardware requirements. For a more detailed understanding of PoS please click here.
Because Latium does not allow mining, we require a mechanism to both validate the network and create new coins (similar to mining). Latium accomplished this by implementing inflation and using this inflation to pay interest to any user that mints a block. To put it simply, any user who holds Latium can gain interest on the coins they hold. The interest rate will change over time to compensate for coins in circulation.