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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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The Expected Altcoin Announced the Date for Airdrop Distribution: Those Who Did This Have Gained Rights!
ZK (Zero-Knowledge) technologies developed by Lagrange Labs announced that the airdrop registrations for the new token LA will be open from May 28 to June 2, 2025.
The LA token is designed as a utility token to be used for the payment of ZK proof fees and collateral transactions. The first airdrop will constitute 10% of the total supply.
To participate in the Airdrop, users must have previously participated in the game called "Turing Roulette" and completed identity and uniqueness verification. The project, developed on the EigenLayer infrastructure, aims to promote the economic model of the proof generation ecosystem through the LA token.
Lagrange Labs completed a $13.2 million investment round on May 8, 2024, led by Founders Fund, founded by Peter Thiel. Notable funds such as Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital, CMT Digital, Mantle, and Ecosystem also participated in the investment round.
The network will also have an annual fixed token supply of 4%. This supply will be distributed to proof producers based on the amount of LA staked or transferred, (prover). Thus, part of the proof production costs will be subsidized, and users will be able to direct economic priorities by delegating more tokens to specific subnets.