Lagrange (LA) is a digital currency based on blockchain technology, with the following information:
- Project Background: Lagrange is a cutting-edge modular infrastructure protocol launched by Lagrange Labs, aimed at utilizing zero-knowledge (ZK) cryptography to achieve verifiable computation and secure interoperability across multiple blockchains, addressing scalability and privacy computing issues in blockchain. The project is named after mathematician Joseph-Louis Lagrange and has secured over $13 million in seed funding from notable investors such as Founders Fund and Fenbushi Capital.
- Token Basic Information: LA is the native utility token of Lagrange, with a total supply cap of 1 billion tokens and an annual emission rate of 4%. It is primarily used to power Lagrange's cryptographic engine and serves as the essential fuel for decentralized proof activities within the network.
- Token Functions: Clients mainly pay proof generation fees in LA, while provers receive rewards in LA; provers stake LA as collateral to secure the network, and token holders can also delegate LA to provers to earn rewards; LA holders have voting rights in the decentralized autonomous organization (DAO) of the Lagrange Foundation, allowing them to influence protocol decisions.
- Trading Platforms: LA can be purchased on major exchanges such as CoinEx, Bybit, Binance Alpha, and Gate.io.
- Market Performance: Recently, LA has experienced significant price fluctuations. On July 9, after Binance announced the addition of Lagrange to services like Binance Simple Earn, the price of LA dropped from a seven-day high of $0.676 to $0.416, a decline of 32% in 24 hours. In June, after receiving support from Coinbase, LA had risen from $0.253 to $1.50, an increase of 216%.
It is important to note that the digital currency market is highly risky and uncertain. Before investing in Lagrange or other digital currencies, it is advisable to thoroughly understand relevant information and make investment decisions with caution.
@lagrangedev
$LA
