LatticePrice

(LTX)

Lattice serves as the primary gateway for the Constellation Network’s Web3 ecosystem. It has evolved from a decentralized exchange into a comprehensive launchpad and governance hub. LTX is the native utility token used to govern the platform and access its various services. Under the Lattice 2.0 framework, the project focuses on project incubation via its Flight Program, token launches, and DAO-led node management, effectively bridging new projects into the Hypergraph ecosystem.

LTX is the tradable ERC-20 utility token, while veLTX (vote-escrowed LTX) is a non-transferable governance token earned by locking LTX for specific durations ranging from 6 to 36 months. The longer the lock period, the higher the ratio of veLTX received, reaching a 1:1 ratio at 36 months. Once tokens are locked for veLTX, they cannot be accessed until the duration expires. Holding veLTX is essential for voting on governance proposals and receiving protocol rewards.

veLTX holders are entitled to a share of protocol fees, which include launchpad fees (2% of the token supply from new projects), a portion of rewards generated by the DAO’s validator nodes, and project-specific airdrops. Distributions are managed based on minimum thresholds defined by governance proposals to ensure efficiency. For instance, rewards may only be distributed once the treasury reaches a specific balance, ensuring that the distribution process remains gas-efficient for all participants.

To participate in a launchpad event, users must either use their existing veLTX or engage in 'soft staking' LTX. Soft staking allows the LTX to remain in the user's wallet rather than being locked in a smart contract, provided the balance is maintained throughout the duration of the event. Token allocations for new projects are typically calculated proportionally based on the user's share of the total staking pool.

Lattice Improvement Proposals (LIPs) are the core of the project's decentralized governance. Through the official voting portal, veLTX holders use their voting power to influence critical decisions such as distribution schedules, treasury management, and node operator rewards. Recent proposals have expanded the DAO's role to include operating validator nodes on the Constellation Testnet and IntegrationNet, which diversifies the income sources for the governance community.

LTX can be traded on LBank. Technically, LTX is an ERC-20 token on the Ethereum network, but it is deeply integrated with the Constellation Hypergraph for cross-chain functionality. The Stargazer Wallet is the recommended choice for users, as it provides native support for both Ethereum-based assets like LTX and Constellation-based assets, which is necessary for seamless interaction with the Lattice Gateway and its governance features.