PlatON (LAT) is a public blockchain developed by the LatticeX Foundation. It is a tech-intensive chain that focuses on building a collaborative and decentralized artificial intelligence (AI) network. The platform aims to tackle the privacy challenges associated with centralized AI networks and models by introducing secure computing techniques.
What is PlatON
PlatON is a blockchain platform that seeks to revolutionize the internet by prioritizing computing interoperability. It envisions a new internet ecosystem that incorporates advanced technologies like multi-party computing, verifiable computing, homomorphic encryption, and zero-knowledge proofs, all with a strong emphasis on identity encryption.
Think of PlatON as a public infrastructure that brings together data providers, application developers, communities, and individuals with various computing requirements, all working together within the platform.
The PlatON team
The PlatON team is led by the core team of the LatticeX foundation, who brought this computing project to fruition in 2018. While the specific identities of the team members are kept confidential, there are notable individuals such as Founder Xiao Feng, IT expert James QU, and CSO Ada Xiao contributing to the project's development and success.
How does PlatON work
PlatON is a community-driven ecosystem with an open-source infrastructure. If you plan on building a privacy-preserving ecosystem, PlatON is the blockchain to work with. The ecosystem itself uses several cryptographic technologies and a Proof of Stake (PoS) consensus, termed Verifiable Random Function PoS (VRF-PoS), to secure the network.
The ecosystem relies on security and aims to achieve higher computing efficiency, all while ushering the crypto community into a new era of free internet.
PlatON’s native token: LAT
LAT is the native token of the PlatON ecosystem, serving various functions such as staking, consensus, and security maintenance. It is also used as a means of payment for obtaining network-specific computational power.
LAT has a total supply cap of 10.25 billion tokens, with approximately 36 percent of LAT tokens currently in circulation. Notably, LAT follows an inflationary tokenomics model, likely due to the entry of new tokens into circulation as LAT fees. This means that as transactions occur within the PlatON ecosystem and fees are collected in LAT, there is a possibility for additional tokens to be minted and added to the existing supply.
How to stake LAT
One convenient and straightforward way to stake LAT is through OKX Earn. OKX Earn offers fixed and flexible staking plans of up to an estimated 13.08 percent APY. Whether you prefer a fixed-term commitment or the flexibility to unstake your LAT tokens at any time, OKX Earn offers a user-friendly platform for staking your LAT tokens and maximizing your earning potential.
LAT use cases
LAT tokens, the native currency of the PlatON ecosystem, offer various functionalities. They can be used for market trades, staking to earn additional tokens, paying for network bandwidth resources, and voting in PlatON's governance system.
LAT distribution
The distribution percentages of tokens within the PlatON ecosystem are not explicitly disclosed. However, as outlined in the whitepaper, tokens are allocated as network rewards to the LatticeX foundation and also as incentives for the community.
PlatON and a world of utilities
PlatON focuses on privacy-preserving computations to create a decentralized distributed architecture. What makes it feature and utility-rich are secure voting setups, the ability to handle confidential transactions, and private data analytics – traits aligned with the ethos of decentralization.
