BTSE will add the PlatON (LAT) token to its platform on August 30, 2023, adding to its users’ selection of quality digital assets. Users will be able to trade LAT via the LAT/USDT and LAT/USDC trading pairs.
1. Deposits enabled: 4:00 PM (Singapore Time) on August 30, 2023 (supported networks: Platon)
2. Trading enabled: 4:00 PM (Singapore Time) on August 30, 2023
3. Withdrawals enabled: 4:00 PM (Singapore Time) on August 30, 2023
What is PlatON? What Does It Do?
The PlatON Network is a groundbreaking platform that seamlessly integrates cryptography-based privacy-preserving computation with blockchain technology. Its primary aim is to offer a platform for trading data assets, algorithmic models, and computing power, ensuring the global, secure, and compliant circulation of data assets. This platform empowers AI by establishing compliant data access without compromising data privacy. PlatON emphasizes the importance of data rights in the digital age, adhering to principles such as the right to be forgotten and conditional authorization. The platform enables the sharing and trading of algorithmic models, promotes data circulation with robust privacy measures, and facilitates peer-to-peer trading of computing power. Additionally, modern cryptographic algorithms such as Zero-Knowledge Proof (ZKP) and Homomorphic Encryption (HE) underpin PlatON, ensuring scalability and advanced data privacy.
How Does the LAT Token Fit in?
LAT is the native cryptocurrency of the PlatON Network. It plays a pivotal role in driving the ecosystem. Users can acquire LAT through the Grants Program backed by the LatticeX Foundation or via other community-driven programs. Serving as the fuel for the network, every transaction or application usage on PlatON requires LAT as a fee, incentivizing nodes to verify and process these transactions. Within PlatON’s PPOS mechanism, LAT holds significant importance as it can be staked to delegate or validate, thereby bolstering network security. Validators and delegators are rewarded in LAT, highlighting its central role in the network’s economic model.
The Intrinsic Value of LAT
LAT is not just a digital currency; it’s instrumental in the PlatON ecosystem. In the data trading market of PlatON, LAT serves as the primary medium of exchange, with participants earning LATs for providing data, computing power, and algorithms. Furthermore, as the PlatON network grows and evolves, LAT is poised to play a vital role in supporting the development of DApps and DeFi within the system. DApps can issue their tokens, backed by LAT reserves, and the network also intends to champion the launch of LAT-collateralized stable coins, reinforcing LAT’s position at the heart of the PlatON’s digital ecosystem.
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