Constellation Network Partners Up With LCX to Expand Blockchain Ecosystem
Constellation Network, Inc, a San Francisco-based software, big data, and blockchain company agreed on a long-term strategic partnership with LCX.com, a compliant and regulated fintech company headquartered in Liechtenstein. The partnership is a step towards further expanding the blockchain ecosystem by collaborating with other decentralized service providers to develop more secure and scalable blockchain solutions to cater to the needs of their users.
While there are many blockchain protocol ecosystems that are creating their own token standard (apart from Ethereum and ERC-20), the approach that Constellation is taking with L_0 tokens and by collaborating with LCX will provide more transparency, accountability, and assurance to token creators and holders, all while being regulatory compliant.
With this partnership, LCX.com and Constellation Network commit to the following things:
- LCX will be supporting the listing of tokens created using the Constellation Network’s L_0 Token Standard
- LCX and Constellation will collaborate to use Constellation’s Hypergraph Transfer Protocol (HGTP) to bring trade and transaction transparency to the centralized exchange.
- LCX will integrate native wallets to support $DAG and list $DAG at LCX Exchange
- LCX will list the Lattice Exchange token (LTX) at LCX Exchange
- LCX will provide legal assistance and a legal framework package for additional L_0 tokens and businesses which are currently being prepared and worked on in stealth mode
- The two entities will in collaboration to provide a path for tokens minted on Constellation’s Network to be listed and traded in a regulatory compliant environment
- Using Constellation’s HGTP, LCX aims to build a state channel (L_0 business) that validates trade data and thus brings many of the benefits of DeFi to a centralized exchange
To build a technological world where truth is apparent, power is fairly distributed and reputation matters. To create an ecosystem that expands the abilities of engineers and enterprises to invent and refine next-generation technologies by orders of magnitude. Decentralization forces collaboration and Constellation aims to be seen as a world-class partner that’s in it for the long haul. Constellation’s growing list of trusted partners is organized in the following categories with a focus on industry collaboration and cross-pollination of resources.
“Crypto is all about scale. Constellation has built the infrastructure to scale fast and build a profitable network for all stakeholders involved. Now LCX users will become stakeholders of the Constellation Network as well and will enjoy its benefits”, said Monty Metzger, CEO and Founder of LCX.com.
“In order for our L_0 token standard to compete against the other token standard in the crypto industry, we need regulatory compliant and trustworthy centralized exchanges like LCX. Partnering with LCX paves a path for success for anyone building on Constellation’s ecosystem. This will give projects that build on Constellation and list on our DeFi Platform Lattice, assurance that their token has a path to being freely traded and supported from centralized exchanges like LCX. LCX is leading the way to mainstream adoption of cryptocurrency by providing the support needed for institutional traders and blockchain technology”, says Benjamin Jorgensen, Co-Founder and CEO at Constellation Network ($DAG) and Lattice Exchange ($LTX).
Photo by Maarten van den Heuvel on Unsplash
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