Lattice Exchange, an automated market maker for the DeFi market, has launched a new product that enables cryptocurrency entrepreneurs to list their tokens and allows users to participate in early-stage projects more seamlessly.
The new platform called Lattice Launchpad is described as a “one-stop shop for blockchain entrepreneurs” to get their projects recognized by the community. Users can participate in private sales by staking LTX, Lattice Exchange’s native cryptocurrency. LTX holders also have the opportunity to participate in the governance of newly listed projects. All projects are financed through Ether (ETH) or Stablecoins Tether (USDT) and USD Coin (USDC).
Lattice Exchange also announced that it will soon migrate to Constellation’s Hypergraph Network, which will offer lower fees and greater potential for scalability. Token projects built on top of other networks can still participate in Launchpad, the company said.
Related: 3 Reasons Constellation (DAG) Price Outperformed Most Altcoins This Week
DeFi protocols are among the most heavily funded projects in the cryptocurrency industry, due in part to their explosive growth potential. Several of the leading DeFi projects have brought significant returns to their early investors and market participants are always on the lookout for the next undiscovered crypto game. Platforms like Lattice Launchpad could offer private investors more opportunities to find projects.
CoinMarketCap currently tracks over 11,200 cryptocurrencies. The DeFi category has a combined market cap value of $ 113.7 billion based on the latest industry figures.
Related: Crypto market cap returns to 2T for the first time since May