@Lagrange Official ($LA ) This round of financing is on fire! Sequoia and a16z co-led with an investment of $23 million, and the valuation has reached $800 million. This project, which focuses on 'decentralized storage + social', has suddenly found its niche.
Don’t think it’s just riding the storage wave; #Lagrange has a unique approach: users' chat records and their own content will be encrypted into small chunks and stored on nodes around the world. This way, there's no fear of the platform running away and losing data, and users can take their data to other platforms at any time. For example, your community relationships built on Discord can be seamlessly transferred to its ecosystem with one click, freeing you from being 'tied' to a single platform.
The utility of the $LA token is also practical: storing LA as a storage node can earn returns (currently about 12% annualized); it is required for content rights confirmation and cross-platform data migration. The most interesting aspect is 'data mining'—if you contribute some storage space or share some network bandwidth, you can mine LA, and ordinary users can participate using their idle phones; 100,000 people have already joined during testing.
Currently, there are 150 million LA in circulation, and the coins obtained from financing will be locked until 2026, resulting in low selling pressure in the short term. It has just been listed on Binance, so those interested should keep an eye on it.
$LA
#加密项目