Lattice TokenLTX Price

A native token, LTX, is introduced in the system as the governance token as well as to incentivize trading activities on the protocol. It will also implement a burn function for the transaction fees in the system to increase the demand of the token.

• LTX Governance Committee

The protocol was developed by the Constellation team; it aims to become fully decentralized and governed by the token holders of the protocol and for the benefit of the platform users. Therefore, the LTX governance committee is established to process proposals and let the community vote on proposals.

• Incentives for Liquidity Providers

As Lattice products are different from traditional order book based DEXes, instead of market makers, the liquidity provider mostly contributes to the platform through depositing in the pool and earning transaction fees in the respective pool. To kick start the platform liquidity, there are token rewards given to users who add assets into the protocol.

• Transaction Fee Burn 

For each transaction that happens on the platform, the transaction fee is set to be 0.03% initially and is subject to changes based on the decisions by the governance committee. Majority of the transaction fee will be rewarded to liquidity providers in 16 the respective pools and the remaining will be swapped to LTX tokens and burned to reduce the circulating supply of the tokens.