Pros
The drama here beats Netflix.
Cons
LATOKEN is not the place for you if you are looking for career advancement and growth, or need a proper job to pay your bills. Your first 3 months is a "probation period" and hence you only get 80% of your salary. Chances are that you will never receive full salary as you will either get axed or quit out of frustration within this period. Even before my official first day, I already had a weird feeling about LATOKEN. You have to pass numerous online quizzes that are actually propaganda campaigns thinly veiled (or not at all). Examples: "I agree that above average performers work double or more hours of normal employees", "Stress is my friend", "Work life balance is for the weak" etc etc, you get the idea. The micromanagement is like you've never seen before, for sure. Employees have to fill in a DAILY checklist of things they have done. There is a group video call at the start and end of every single working day and a screenshot is taken for attendance. Not present = pro rated salary. Upon joining, you have to list a project and hit x number of traders within two weeks. This appears manageable, and it is, if not for the fact that the listing process takes more than two weeks, thanks to stubborn gatekeepers who block your progress at every stage because if you move too fast you spoil the market. They want to remain comfortable and lazy. There is a "sports table" designed to falsely portray a picture of exemplary performance of long time existing employees and zero results of new hires. When people get fired as a result of deliberate unfair metrics, their projects get transferred to the remaining employees, who get these numbers added to their monthly performance while doing no work at all, other than designing sabotage and dressing up their numbers. For example, it can take an entire week for deposit and withdrawal testing because the company wallet has no gas in the form of ETH or BNB for transactions. And then the intermediary is deliberately not set up, leaving transactions stuck hanging in mid air for another week. Staff are pressured to list quantity over quality. Listing 10 scam projects will get you hugely rewarded as compared to 3 legit projects. When I say scam, I mean the literal sense of it. They are not just low quality; they are outright frauds. Founders take money and promptly vanish. There are police cases and lawsuits. Delisting is almost as the same rate as listing. For non-fraud projects, after listing, we have to pressure them to use the LATOKEN market making service called Vegahedge, and lie that it is an independent 3rd party vendor. It creates lots of fake volumes which generate trading fees. Working capital of the market making account is depleted in less than a week, after which the projects have to top up more capital or be delisted. We are nagged at incessantly about pushing projects to provide their rubbish tokens for marketing campaigns like trading competitions and airdrops. A quick glance at the scoreboards of the trading competitions reveals that the winners are always the same accounts, trading back and forth. We are provided with PDF pitch decks that claim LATOKEN is a tier 1 exchange with 100,000+ traders. The fact is that LATOKEN is a tier 4 exchange with 12,000 traders of which I wouldn't be surprised are mostly inactive accounts. Accounts cannot be deleted. They have this grand vision of bringing LATOKEN to IPO. The company gives out stock options and deducts them as punishment. These stock options are like monopoly money. It is a struggle to continue to participate in this mass cheating exercise while keeping a clean conscience. Perhaps the CEO is right after all, ironically, in his strong belief that people stagnate after a few months and must be replaced. However, it is not because they get complacent; it is because they gradually learn the truth and initial passion dies off.
