What is Lattice Token (LTX)?
Lattice Token (LTX) is the native token of the Lattice Exchange, which is a comprehensive decentralized finance (DeFi) protocol that offers various solutions such as cross-chain swapping, lending, yield farming, and a token Launchpad. Take a look at the Lattice token price chart above to see the current LTX price.
Lattice exchange was created to solve the common problems with the existing DeFi protocols: lack of scalability, interoperability, and high network fees. To solve these problems, Lattice Exchange uses Hypergraph, a scalable protocol developed by the Constellation Network. Hypergraph is a horizontally scalable Layer 1 network that can connect with any Layer 1 network or data source. Consequently, it provides seamless interoperability. The technology has made the Lattice exchange platform highly scalable. Additionally, Hypergraph is a feeless network, making Lattice Exchange cost-effective for users.
Lattice aims to become a gateway for global liquidity. To achieve that, it combines features of traditional equities and modern cryptocurrencies. Besides, Lattice is an AMM-based exchange, which makes it fully decentralized.
Overall, Lattice Exchange is designed to meet the varying needs of various users, including:
- Traders and liquidity providers;
- Yield farmers;
- Projects looking for funding and a Launchpad;
- Traders seeking tools and analytics to improve their results;
- Users seeking to take out fiat currency loans collateralized with crypto assets.
Use Cases of LTX token
LTX is both a utility and governance token. As a governance token, LTX gives holders voting rights, which means they can propose and vote on various changes concerning the further development of the Lattice token crypto project. As a utility token, Lattice coin provides holders with the opportunity to earn interest by providing liquidity.
Don't forget to check the Lattice token price chart. Knowing the current and the previous LTX price will help you to make more informed purchasing decisions.
Who Founded Lattice?
Lattice Exchange is a flagship project of the Constellation Network. The founders of Lattice Exchange are Ben Jorgensen, Mathias Goldmann, and Wyatt Meldman-Floch. Together with Benjamin Diggle they also co-founded the Constellation Network.
Tokenomics of Lattice Token
The maximum supply of LTX is 100 million tokens. The token distribution was designed to support the sustainability and growth of the project. Private and public sales received 25% of the total supply, 40% were dedicated to mining, the team and advisors received 15%, and the remaining supply was set aside in the network reserve and for marketing purposes.
Besides, the Lattice Exchange employs a token burning strategy to moderate the token number and maintain a competitive LTX price.
