【11-02】Bitribe Will Launch LTX(LATTICE) Token Sale on 8:00 (UTC+8)November 5th

Dear Bitribe users,

Bitribe is launching LTX(LATTICE)  token sale at 8:00 to 16:00 on November 5th (UTC+8).

Listing time: 18:00 Nov.6(UCT+8)

Detailed rules are as follows:

Rules:

Mode: First come, first served

Amount: 200,000 USDT

Reference price: 1 LTX= 0.35 USDT

Time: 8:00-16:00 on Nov. 5, 2020 (UTC+8)

Accepted coin: USDT 

Minimum invest: 100 USDT

Maximum invest: 5000 USDT

Requirements: complete KYC

Listing Arrangement: trading starts at 20:00 on Nov. 6th, 2020(UTC+8)

Introduction to Lattice

Lattice will be an evolution of existing DeFi solutions by providing more assurance in crypto asset trading and settlements and the ability to incorporate multiple specialized and asset-specific automated market making algorithms. This solution will further advance the blockchain industry with improved financial instruments that are cost effective and have the speed, security, and scalability that traditional securities asset traders are accustomed to.

Platform Features

Lattice aims to overcome the weaknesses of current DeFi applications with thicker liquidity, institutional-grade AMM algorithms and ultimately faster and less expensive settlement due to the use of the Constellation HGTP. Lattice will thereby bring institutional grade reliability and usability to the DeFi ecosystem.

• Flexible Liquidity Pool

A liquidity pool that allows lenders to earn transaction fees on their liquidity deposits.

• Automated Market Making

Automated market making (AMM) based on the liquidity pool.

• Advanced Matching Algorithms

Advanced platform for pluggable institutional grade order matching algorithms that are asset specific (multiple AMMs). 

• Lattice (LTX) Governance Token

A governance token called  “Lattice (LTX)” which gives holders certain rights in regards to economic parameters like transaction fees and inflation/deflation.

Token Information

Full name: Lattice Governance Token

Ticker：LTX

Total supply: 100 million

Token type: ERC20

Token Distribution (Vesting and Releasing Rules)

There will be 100M LTX tokens minted in total, and the protocol has a fixed token supply.

● 25% of the tokens will be distributed through private and public sales; ○ 10% will be distributed in private round 1. ⅓ unlocked at launch; then ⅓ every 3 months for a total of 6 months;
○ 5% will be distributed in private round 2. ½ unlocked at launch; then ¼ after 3 months and ¼ after 6 months
○ 3% will be distributed in private round 3. ½ unlocked at launch; Remaining vest monthly in equal parts over the following 3 months.
○ 7% of the tokens will be distributed to users and token holders through a public sale. Any unsold tokens will be burned;
● 40% of the tokens will be used in liquidity mining. Tokens will be minted on a daily basis and distributed to users who participate in the platform;
● 15% of the tokens are reserved for team & advisors ;
● 10% of the tokens are used for marketing purposes ;
● 10% of the tokens are in the reserve and are unlocked over a period of 24months.

Token Economics

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.

Investment Institutions

Global Digital Asset, FBG Capital，GSR, Alphabit Fund, Cryptolabs,CryptoBridge, Blockfyre, Moonrock Capital,Hillrise Capital

References Link

Official website: https://lattice.exchange/

Whitepaper: https://lattice.exchange/Lattice-Exchange-Official-Whitepaper.pdf

Twitter: https://twitter.com/LatticeExchange

Facebook: https://www.facebook.com/LatticeExchange/

Telegram: https://t.me/Lattice_exchange

Medium: https://latticeexchange.medium.com/

Risk Alert

All investments are subject to high market risk. Please make your investments very cautiously. Hoo will choose high-quality projects, but will not be responsible for any investment losses.

Bitribe Team

Nov 2, 2020