How To Buy PlatON (LAT)?

A common question you often see on social media from crypto beginners is “Where can I buy PlatON?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. 

Step 1: Create an account on an exchange that supports PlatON (LAT)

First, you will need to open an account on a cryptocurrency exchange that supports PlatON (LAT).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase PlatON (LAT) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy PlatON (LAT)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for PlatON (LAT) or PlatON (LAT) trading pairs. Look for the section that will allow you to buy PlatON (LAT), and enter the amount of the cryptocurrency that you want to spend for PlatON (LAT) or the amount of fiat currency that you want to spend towards buying PlatON (LAT). The exchange will then calculate the equivalent amount of PlatON (LAT) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of PlatON (LAT) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

Alternative ways to buy PlatON (LAT)

Because the project is very new, it is only offered directly on a select number of exchanges. If you’re not comfortable connecting your bank account to any of these smaller exchanges, or if you cannot connect your bank account to them for geographical reasons. Then you can instead create an account on any of the major exchanges and simply transfer the funds from there.
Out of the major exchanges we recommend the following based on functionality, reputation, security, support and fees:

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Simplecryptoguide.com

What Is PlatON (LAT)?

Based on the basic properties of the blockchain and supported by a privacy-preserving computing network, PlatON provides the next-generation Internet basic protocol featuring “computing interoperability”.

It builds a computing system jointly assembled by cryptographic algorithms such as verifiable computing, secure multi-party computing, zero-knowledge proof, homomorphic encryption, and blockchain technology to provide public infrastructure under an open-source architecture for global artificial intelligence, distributed application developers, data providers as well as various institutions, communities, and individuals with computing needs.

Combining blockchain and privacy-preserving computation technologies, PlatON is building a decentralized and collaborative AI network and global brain to drive the democratization of AI for safe artificial general intelligence.

• To build the infrastructure needed for autonomous AI agents and their collaboration, to facilitate the emergence and evolution of advanced AI, and to explore the path to general AI.
• Extend the power of AI to anyone who requires it through our decentralized network and open-source software tools to make the best AI technology accessible for the masses.

The overall goal is to be achieved in three phases.

• A decentralized privacy-preserving computation network, establishing a decentralized data sharing and privacy-preserving computation infrastructure network that connects data owners, data users, algorithm developers and arithmetic providers.
• A decentralized AI marketplace that enables the common sharing of AI assets, agile smart application development, and provides the whole spectrum of products and services from AI computing power and algorithms, to AI capabilities and their production, deployment, and integration.
• A decentralized AI collaboration network that allows AI to collaborate at scale, bringing together collective intelligence to accomplish complex goals.

What is the LAT token?

LAT is the native token of PlatON Network. It is a digital currency. You can transfer it through the PlatON network or use applications built on PlatON with LATs. LAT also acts as a payment medium; LATs are used to settle trades in the PlatON market for data and computing power. Participants in the PlatON computation network earn LATs by providing data usage, computing power, and algorithms. When you transfer LAT or use a PlatON application, you need to pay a small LAT as fee. The fee is used to incentivizes the node to process and verify your transaction.

In the PPOS mechanism, LAT is of great importance to the network. With LAT, one can delegate to validators or become a validator by staking themselves, which help maintain PlatON network security. Both the validators and delegators can get LAT rewards.

PlatON development updates in 2023

PlatON, known for its strong emphasis on privacy and versatile contract development, has made significant strides in 2023. Key advancements include:

• Enhanced Compatibility: PlatON supports both EVM and WASM virtual machines, facilitating contract development in various high-level languages. This dual compatibility not only lowers the learning curve for developers but also improves the efficiency of processing contract transactions.

• Decentralized Application (DApp) Development: PlatON’s infrastructure allows for seamless DApp development. This involves a comprehensive process including environment setup, contract development (with support for both Solidity and WASM contracts), and front-end/back-end development.

• Comprehensive Developer Support: PlatON provides extensive documentation and tutorials to aid developers in contract writing, deployment, and debugging on the network. This support extends to the development of various DApp applications based on these contracts.

• PRC Token Publishing: PlatON’s compatibility with the EVM virtual machine means it can support Ethereum-standard protocols like PRC-20 and PRC-721 tokens, enhancing the platform’s flexibility and utility for developers.

These updates reflect PlatON’s commitment to fostering a developer-friendly environment and enhancing its blockchain’s functionality and user experience​​.

Official website: https://www.platon.network/en

Best cryptocurrency wallet for PlatON (LAT)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for PlatON (LAT)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).