Key Points
- Binance will also list LA on July 9 at 15:00 (UTC).
- LA price spiked following the exchange's announcement.
Binance announced Lagrange (LA) as it.s 26th project on the HODLer Airdrops portal, before listing the digital asset on July 9.
Lagrange (LA) is a platform that's building two core projects: a decentralized ZK Prover Network (powering proof generation for ZK rollups) and an SQL-based ZK Coprocessor (an infrastructure that enables DeFi protocols to verifiably compute over historical on-chain storage, receipt, and transaction state).
Binance's LA HODLer Airdrops Details
In its official announcement, the crypto exchange revealed that users who have subscribed their BNB to Simple Earn (Locked and/or) On-Chain Yields products starting on June 22 at 00:00 (UTC) until June 25 at 23:59 (UTC) are eligible to receive the airdrop.
Binance created the HODLer Airdrops portal to retroactively reward users based on the historical snapshot of their BNB holdings.
Here are other key details shared by the exchange about LA and the airdrop:
- The Genesis token supply is 1 billion LA tokens.
- The maximum token supply is infinite with a 4% annual inflation.
- The HODLer Airdrop token rewards are 15 million LA tokens, representing 1.5% of the Genesis total token supply.
- An additional amount of 5 million LA tokens will be allocated to other marketing campaigns following the spot listing on Binance.
- Another 5 million LA tokens will be allocated 3 months following the spot listing, with more upcoming details to be announced.
- The circulating LA supply at the Binance listing will be 193 million LA tokens, or 19.3% of the Genesis token supply.
- There will be no listing fee for LA on the exchange.
Binance also listed the BNB Chain and Ethereum Chain addresses for LA.
The crypto exchange also revealed the LA listing details in the same announcement.
Binance's LA Listing Details
Binance will list LA on July 9 at 16:00 (UTC) and will open trading for the following pairs:
- LA/USDC
- LA/USDT
- LA/BNB
- LA/FDUSD
- LA/TRY
The exchange will launch LA with the Seed Tag applied, meaning that the project is a newer one and it might exhibit higher volatilty compared to other projects that are already listed on the platform. Users are advised to DYOR before deciding to invest in the project.
Binance already listed LA on its platform created to showcase early-stage projects with growth potential in Web3, Binance Alpha.
Following the July 9 announcement, LA's price spiked.
LA Price Surges
LA was trading at $0.5 with a market cap of over $96.8 million, and it spiked by more than 18% after the exchange's announcement, topping $0.67 and hitting a market cap of over $130.9 million.
The digital asset is up by more than 34% in the past 24 hours.
