Summary
- Lagrange Labs announced the launch of its own utility token 'LA' and stated that airdrop registration will be accepted from May 28 to June 2.
- A total of 1 billion LA tokens will be supplied, with 34.8% allocated to the community, 25.4% to early contributors, and 18.5% to investors.
- The LA token is planned to be used for governance, network fees, and incentive structures within the cross-chain ecosystem.
According to the virtual asset (cryptocurrency) specialized media The Block on the 26th (local time), the cross-chain infrastructure project Lagrange Labs announced the launch of its own utility token 'LA'.
This token launch is the first official move since the foundation's establishment, and the airdrop schedule has also been disclosed. The registration period for the airdrop is from May 28 to June 2 (local time), and users who wish to receive tokens must complete registration within this period.
According to the tokenomics, the supply of LA is 1 billion, of which 34.8% is allocated to the community, 25.4% to early contributors, 18.5% to investors, 11.3% to the foundation, and 10% to the initial airdrop.
Lagrange Labs previously attracted attention by raising $17 million in seed funding last year, and this token launch is considered a key means for expanding utility within the cross-chain ecosystem.
The LA token is expected to be used for governance, network fees, and incentive structures in the future.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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