Lagrange Labs Airdrop & LA Token Launch 🚀

Lagrange Labs has announced plans to launch its LA token following the establishment of an independent foundation aimed at expanding the Lagrange ecosystem. The company is known for developing the Lagrange Prover Network, a decentralized system dedicated to zero-knowledge proof generation through the EigenLayer restaking protocol. The LA token will cover proof generation costs, facilitate staking, and support prover subnetworks in validating ZK proofs. To participate in the LA token airdrop, users must register between May 28 and June 2 and should have engaged in the Turing Roulette game. Additionally, registrants must complete checks for proof of uniqueness and humanity. The tokenomics of the LA token follow the principle that an increase in demand for proofs will drive token demand. Payments for proofs in various tokens, including ETH, USDC, and LA, will reward network provers. An annual emission of 4% is set aside for provers based on LA tokens staked or delegated, aligning economic priorities with proving needs. Overall, 1 billion LA tokens are allocated with 34.8% for community efforts, 25.4% for early contributors, 18.5% for investors, 11.3% for the foundation, and 10% for the initial airdrop. Early contributors and investors will see a one-year lock-up on received tokens, with gradual unlocking over two years following the token generation event. In 2024, Lagrange Labs secured $13.2 million in a seed round led by Founder Fund, contributing to their total funding of $17 million.