Question

How will staking work for Launchpad projects?

Answer 1

To participate in the Lattice LaunchPad you will need to stake your $LTX tokens!

We will provide staking pools where you can stake your $LTX for an allocation in the project funding!

It's going to be a very simple process:

1. Choose project

2. Stake $LTX

3. Get your $LTX back

4. Fund project in their early phase

5. Get project tokens

Let's make an example here:

Assume the launchpad project wants to collect 100 ETH.

We could provide 3 different staking pools which are getting 33,3 ETH allocated per pool. 

Pools could look like this:

Pool A: Max staking amount per user = 2500 $LTX

Pool B: Max staking amount per user = 10000 $LTX

Pool C: Max staking amount per user = No Limit

The allocation would then be proportional to your percentage of the staking pool.

Let's say you stake only into Pool A and own 10% of it —> it would mean you can fund the project with 3.3 ETH.