As many of our community participants have heard made mention in previous articles seen below, the development and implementation of an internal, over the counter exchange environment has been under consideration, research and likewise development and design for quite some time.

It has been our goal to ensure that the necessary foundation for general public, daily use adoption is in place via multiple tools and communicative options included within the Latium tasking platform.

One recent update inclusion, the chat function, has allowed for both task creator and task participants to communicate any and all specific needs or changes that may arise during a task’s lifetime. While this is a necessary function of the platform, another prerequisite to ensure timely task creation is the inclusion of the Internal Exchange.

In the average scenario that Latium will see usage, an employer seeking task participants signs up to the platform, with the intention of creating a specific task. However, many users are not knowledgeable enough to acquire LATX via a traditional cryptocurrency exchange, or simply do not wish to take the time necessary to do so. Through an internal exchange system embedded within Latium, an employer has no mandatory need to leave the platform in any way, allowing for a seamless experience from start to finish.

LATX, Example structure of the internal exchange (invalid pricing for example purposes only)

ETH, Example structure of the internal exchange (invalid pricing for example purposes only)

The operation of the exchange is such that it will operate in similar nature to many “Over the Counter” or OTC exchanges already in operation in various outlets today. Employees and employers alike may utilize the exchange at their preference for liquidity of various tokens as they are added, with our primary focus remaining on LATX and it’s utilization within the platform ecosystem.

Operating with ZERO fees and ZERO commissions, the ordering system remains seamless and user friendly, ensuring new users are not held up through a lengthy or complicated currency acquisition system.

We are happy to announce this as an AHEAD of schedule release, as noted in our schedule roadmap seen below: