Binance announced the Lagrange (LA) project as its twenty-sixth project on the HODLer Airdrop platform, ahead of the listing of this cryptocurrency on July 9.
Lagrange (LA) is a platform working on building two main projects: a decentralized ZK Prover network (which supports proof generation for ZK rollups), and a SQL-based auxiliary ZK processor (infrastructure that enables decentralized finance protocols to perform verifiable computations over on-chain storage data, receipts, and historical transaction state).
●▪︎Details of HODLer distributions on Binance in Los Angeles
In its official announcement, the cryptocurrency exchange revealed that users who subscribed with their BNB coins to Simple Earn products (Locked and/or On-Chain Yields) starting from June 22 at 00:00 (UTC) until June 25 at 23:59 (UTC) are eligible to receive the distribution.
Binance has created the HODLer Airdrops portal to retroactively reward users based on their BNB coin holdings.
Here are some other key details shared by the platform regarding LA and the airdrop:
▪︎The Genesis token supply is one billion LA tokens.
▪︎The maximum token supply is unlimited with an annual inflation rate of 4%.
▪︎The HODLer Airdrop rewards amount to 15 million LA tokens, which is equivalent to 1.5% of the total Genesis token supply.
▪︎An additional amount of 5 million LA tokens will be allocated for other marketing campaigns after the immediate listing on Binance.
▪︎An additional 5 million LA tokens will be allocated 3 months after the immediate listing, and more details will be announced later.
▪︎The circulating supply of LA upon listing on Binance will be 193 million LA tokens, which is equivalent to 19.3% of the Genesis token supply.
▪︎There will be no listing fees on LA on the platform.
▪︎Binance has also listed BNB Chain and Ethereum Chain addresses in Los Angeles.
▪︎The cryptocurrency platform also revealed details of the Los Angeles listing in the same announcement.
●▪︎Details of Binance's listing in Los Angeles
Binance Los Angeles will be listed on July 9 at 3:00 PM (UTC), and trading will begin on the following pairs:
■LA/USDC
■LA/USDT
■LA/BNB
■LA/FDUSD
■LA/TRY
The platform will launch Los Angeles with a Seed tag, indicating that the project is new and may show higher volatility compared to other projects already listed on the platform. Users are advised to start immediately before making an investment decision in the project.
Binance has already listed Los Angeles on its platform designed to showcase early-stage projects with growth potential in Web3, Binance Alpha.