PlatON Network (LAT) is an open financial infrastructure aiming to become a major blockchain platform in the era of Web 3. It provides cryptography-enhanced compliant digital asset management, multi-scenario encrypted payment and settlement solutions, and a smooth user experience for various Web3 native applications. LAT is used as the payment and settlement token for online economic activities within the network.
The PlatON Network (LAT) is used as the payment and settlement token for various online economic activities within the network. These activities include service and asset transactions, token transfers, and network governance. Additionally, LAT is used to pay transaction fees, which are then distributed as rewards to nodes that process and verify transactions, securing the network.
To store PlatON Network (LAT) tokens, you can use various methods:
Exchanges' Wallets: You can store LAT tokens on your exchanges' wallets, such as Binance Wallet, for short-term holding. This method is convenient but less secure compared to other options.
Crypto Wallets: For longer-term storage, you can use crypto wallets like Trust Wallet, which offer more security features.
Cold Wallets: For maximum security, you can store LAT tokens in cold wallets, which are offline and less susceptible to hacking.
ATON Wallet: The ATON Mobile Wallet is a secure and user-friendly option specifically designed for the PlatON Network. It allows you to transfer LAT tokens, view transaction history, and manage your account balance. You can create a wallet, back it up, and import wallets using keystores.
PlatON Wallet: The PlatON Wallet is another option where you can store LAT and PRC20, PRC721 standard tokens. It allows you to send and receive LAT tokens and manage your assets on the PlatON blockchain.
Remember to always follow best practices for securing your wallets, such as keeping passwords and mnemonic phrases safe.
To buy PlatON Network (LAT) tokens, follow these steps:
Choose a Centralized Exchange (CEX):
- Select a reliable and trustworthy crypto exchange that supports PlatON (LAT) purchases. Consider factors such as ease of use, fee structure, and supported payment methods.
Create an Account:
- Enter the required information and set a secure password. Enable two-factor authentication (2FA) for added security.
Verify Your Identity:
- Complete Know-Your-Customer (KYC) verification, which may require varying information based on your nationality and region. This step is necessary for accessing more features and services on the platform.
Add a Payment Method:
- Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment methods. The required information may vary depending on your bank's security requirements.
Buy PlatON (LAT):
- If the exchange supports fiat-to-crypto purchases, you can buy LAT directly. Alternatively, purchase a popular cryptocurrency like USDT and then exchange it for LAT.
Store and Manage LAT:
- You can store LAT on the exchange's wallet or transfer it to a crypto wallet like Trust Wallet. For long-term storage, consider using a cold wallet instead of a hot wallet.
Crypto Wallet:
- Select a reliable crypto wallet that supports PlatON (LAT). Download the app, create a wallet, and purchase LAT using a supported payment method. If direct fiat-to-LAT purchases are not available, you can first buy USDT and then exchange it for LAT.
Grants and Rewards:
- Participate in the Grants Program supported by the LatticeX Foundation or follow community development programs to obtain LAT.
LAT Usage:
- LAT is used for transaction fees, staking, and as a medium of exchange in the PlatON data trading market.
Wallet Security:
- Always keep your wallet secure by using strong passwords, enabling 2FA, and backing up your mnemonic seed phrase or private key.
Transaction Tracking:
Use a block explorer like PlatScan to browse LAT transactions and track activities on the PlatON blockchain.
