The Lagrange Foundation, which runs theLA token, is planning to buy back some of its tokens from the market. This move is aimed at keeping the price stable and showing the community that they are serious about the future of the project.
What is a Token Buyback?
It means the foundation will use its own funds to buy $LA A tokens from the open market. This reduces the total number of tokens in circulation, which can help increase or stabilize the price. It also sends a strong signal that the team believes in their own project.
Lagrange is building advanced technology like a decentralized ZK Prover Network. For such projects, stable prices are important because it encourages developers, investors, and businesses to work with them. Volatile tokens can scare people away.
They also promised full transparency. The tokens they buy will be stored in a special account, managed by a regulated and trusted third party — which makes the process secure and trustworthy.
