LTX token for governance, incentives, and burning transaction fees.
The system introduces a native token called LTX, serving both governance and incentivization purposes within the platform. It features a burn function for transaction fees to boost token demand. The LTX Governance Committee, established by the Constellation team, manages proposal submissions and community votes, aiming for full decentralization. Instead of traditional market makers, liquidity providers contribute by depositing assets into pools and earning transaction fees. To encourage initial liquidity, the protocol rewards users who add assets. Transaction fees are initially set at 0.03%, with the majority distributed to liquidity providers and the rest converted into LTX tokens for burning, aiming to reduce circulating supply.
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