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Cryptocurrency News Articles

Lagrange Labs Opens Airdrop Registrations for New Utility Token

May 27, 2025 at 09:30 pm

Lagrange Labs, a leading developer of Zero-Knowledge (ZK) technologies, has officially opened registrations for the airdrop of its new utility token, LA.

Lagrange Labs Opens Airdrop Registrations for New Utility Token

Lagrange Labs, a leading developer of Zero-Knowledge (ZK) technologies, has officially opened registrations for the airdrop of its new utility token, LA.

The registration period will run from May 28 to June 2, allowing eligible users to claim a portion of the initial distribution. The LA token has been designed as a core utility asset within the Lagrange ecosystem, serving multiple roles within its decentralized infrastructure.

LA will be used for the payment of ZK proof fees, which are central to enabling secure and privacy-preserving verification processes. It will also be employed in collateral transactions across the Lagrange network and play a vital role in staking and delegation, where users can earn rewards by supporting network security. A total of 10% of the token’s supply has been allocated to this airdrop, demonstrating the project’s intention to incentivize early adopters and contributors.

To participate in the airdrop, users must have previously engaged with Lagrange Labs through the on-chain game “Turing Roulette.” They must also have completed identity and uniqueness verification, ensuring that token distribution is secure, sybil-resistant, and aligned with the project’s decentralization goals.

The LA token is being launched as part of Lagrange’s broader infrastructure, which is built on EigenLayer—a powerful ecosystem within Ethereum that enables re-staking and advanced scalability. Through this framework, Lagrange aims to reinforce the economic model of proof-of-stake systems, where participants are economically incentivized to maintain and verify the network through cryptographic proofs.

Looking ahead, the LA token will follow a fixed inflation schedule of 4% per year. This inflation will be directed to proof producers, also known as provers, who will earn commensurable amounts of LA based on the amount they have staked or that has been delegated to them. This mechanism is designed to promote long-term participation and enhance the security and reliability of the network.

Lagrange Labs’ introduction of the LA token represents a significant step toward advancing the adoption of Zero-Knowledge proofs in the Web3 space. By combining cutting-edge cryptography with a well-designed economic model, the project aims to deliver meaningful infrastructure for the next generation of decentralized applications.

Original source:coindoo

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