Article five: LA token and governance in the @Lagrange Official network
The LA token is the backbone of Lagrange's network governance, enabling participants to influence important decisions within the network and contribute to its decentralized and secure development.
What is the LA token?
$LA is the native token of the Lagrange network, used for:
Network governance: enables token holders to vote on important decisions related to the network, such as modifying protocols or adopting new features.
Rewards and fees: participants receive rewards and fees for providing proofs or contributing to the network's computational operations.
Task execution: owners can bid on tasks to generate zero-knowledge proofs, increasing the network's effectiveness and efficiency.
Decentralized governance in Lagrange
The Lagrange network relies on a decentralized governance system that enables participants to make decisions collectively, enhancing transparency and accountability within the network.
Benefits of using LA in the network
Empowering participants: by allowing them to contribute to operational and technical decisions.
Increased security: where participants are encouraged to adhere to the rules to ensure network rewards.
Stimulating innovation: by providing incentives for developers and contributors to improve the network and expand its applications.
Sources:
Official #Lagrange documents
Articles on Token Governance
Web3 reports and blockchain technologies
