Lagrange unveils native token 'LA'… Trading starts today on Binance Alpha

The AI blockchain technology company Lagrange Labs announced on the 4th that it has launched its native token LA.

The token launch was carried out under the initiative of the Lagrange Foundation, and starting today, it will be traded on Binance's new trading platform Binance Alpha and Bybit. Trading on Bybit is scheduled to begin at 9 p.m., while the listing time for Binance Alpha has not yet been disclosed.

The LA token adjusts the interests of clients, provers, and token holders based on the incentive structure of the Lagrange Prover Network. Clients use LA tokens for proof generation, and provers receive rewards in LA tokens.

Ismael Hishon-Rezaizadeh, CEO of Lagrange, explained, "LA is the core asset of Lagrange's Zero-Knowledge technology-based projects and the company as a whole. We plan to use it beyond AI and ZK projects, even in the Web2 sector."

He added, "Lagrange's technology is being used across various fields, bridging Web2 and Web3. Over the next year, we expect rapid adoption of DeepProve zkML (Zero-Knowledge Machine learning) in the enterprise AI sector."