Cryptocurrency investors are always on the lookout for the next low-cap jewel to invest in, Lattice has developed a new platform that could provide investors with an early look at up-and-coming projects in the future.
With the debut of a new product, Lattice Exchange, an automated market maker for the DeFi market, aims to make it easier for cryptocurrency entrepreneurs to sell their tokens and for consumers to engage in early-stage projects more easily.
The new site, dubbed Lattice Launchpad, is characterised as a “one-stop shop for blockchain entrepreneurs” that will help them get their products recognised by the wider community. By staking LTX, the native cryptocurrency of Lattice Exchange, users can get a piece of the action in the private sales.
Holders of LTX have the option to participate in the governance of newly listed companies as well as the development of new initiatives. All projects are sponsored using ether (ETH) or stablecoins like as Tether (USDT) and USD Coin (USD) (USDC).
As part of the announcement, Lattice Exchange stated that it will shortly switch to Constellation’s Hypergraph Network, which will reportedly offer reduced fees and greater scaling potential. According to the business, token projects that are being developed on other networks can still participate in Launchpad.
As a result of their rapid development potential, DeFi protocols are some of the most extensively supported initiatives in the cryptocurrency business, according to CoinDesk.
Several of the most prominent DeFi initiatives have earned significant profits for their early investors, and market participants are constantly on the lookout for the next unknown crypto play to join the fray. Platforms such as Lattice Launchpad have the potential to provide more opportunities for project discovery to retail investors.
CoinMarketCap currently tracks over 11,200 cryptocurrencies, which is a significant number. Recent industry numbers show that the DeFi sector has a total market valuation of $113.7 billion, according to the most recent available data.
