Cryptocurrency exchange Binance has announced that it will list Lagrange (LA) on July 9, 2023, as part of its HODLer Airdrops program.
Lagrange (LA) Launch Details
Lagrange (LA) will be the 26th project featured on the HODLer Airdrops portal of Binance. The exchange plans to kick off LA on July 9 at 15:00 (UTC), and trading will be available for the following pairs:
* LA/USDC * LA/USDT * LA/BNB * LA/FDUSD * LA/TRY
The Lagrange project involves two core initiatives: a decentralized ZK Prover Network for generating proofs for ZK rollups, and an SQL-based ZK Coprocessor for verifiable computation on historical data.
HODLer Airdrops Information
Binance also provided details regarding the HODLer Airdrops for Lagrange (LA). Users who subscribed to Simple Earn products from June 22 to June 25 may be eligible for the airdrop. Key aspects include:
* Genesis supply: 1 billion LA tokens * Maximum supply: infinite with 4% annual inflation * Airdrop token rewards: 15 million LA tokens, representing 1.5% of the total supply * An additional 5 million tokens will be allocated for marketing campaigns post-listing, and another 5 million will follow six months later.
Price Dynamics of LA
Following the listing announcement, the price of Lagrange (LA) surged by over 18%. It initially traded at $0.5 before reaching $0.67, resulting in a market cap exceeding $130.9 million. The digital asset has experienced over a 34% increase in the past 24 hours.
The upcoming listing of Lagrange (LA) on Binance and the HODLer Airdrops program are generating interest within the crypto community, which is already reflected in the token's price.
