Key Points
- On July 9, Binance will list LA after launching the digital asset on Binance Alpha on June 4.
- LA is Binance's 26th project on HODLer Airdrops.
- LA price spiked by over 18% following the exchange's announcement.
Lagrange (LA) experienced a significant upward trajectory on July 9 after Binance announced its upcoming listing on the same day.
The crypto exchange also revealed that LA is its 26th project on the HODLer Airdrops portal - a platform created by the exchange to retroactively reward users based on their BNB holdings.
Lagrange is a platform created to bring trust and safety to the AI-powered world. Its DeepProve verifies AI inferences with ZK proofs. The project has two components: the ZK Prover network and the ZK coprocessor, enabling DeFi protocols to verifiably compute over historical on-chain storage, receipt, and transaction state.
LA Price Surged on July 9
At the moment of writing this article, LA is trading above $0.66 with a market cap of over $128 million, and it's up by more than 33% in the past 24 hours.
Ahead of Binance's listing announcement, LA was trading at $0.5, and it spiked above $0.67 after the exchange revealed its plans to list the project.
LA price spiked by over 18% in a short amount of time before settling to current levels.
Binance's Listing Details for LA
In an official announcement, Binance revealed that it would list LA on July 9 at 16:00 (UTC) and would open trading against USDC, USDT, FDUSD, BNB, and TRY.
LA will launch with the Seed Tag applied, meaning that the digital asset could exhibit higher volatilty compared to other listed projects, and users should exercise caution before deciding to invest in it.
Binance had already listed LA on Binance Alpha - the platform created by the exchange to showcase projects in an early stage that have growth potential in the Web 3 ecosystem.
The crypto exchange also announced that Lagrange (LA) is its 26th project on the HODler Airdrops portal.
Binance's Details About LA HODLer Airdrops
In the same announcement, Binance revealed that users who have subscribed their BNB holdings to Simple Earn (Flexible and/or Locked) starting on June 22 at 00:00 (UTC) until June 25 at 23:59 (UTC) will receive the airdrop.
The exchange also listed the following relevant details about LA and the airdrop:
- The total Genesis supply is 1 billion LA tokens.
- There will be no maximum token supply (an infinite maximum supply), but there will be a 4% annual inflation.
- The HODler Airdrops token rewards will be 15 million LA tokens or 1.5% of the Genesis token supply.
- 5 million LA tokens will be allocated for other marketing campaigns after the Binance spot listing on July 9, and the same amount will be allocated to other marketing campaigns three months later.
- The circulating supply of LA will be 193 million tokens, or 19.3% of the Genesis token supply.
- There will be no listing fee for LA on Binance.
