According to HT The Block, the cryptography startup Lagrange Labs announced its issuance plan for the utility token LA. The company has developed the Lagrange Prover Network, a decentralized zero-knowledge proof generation network based on the EigenLayer re-staking protocol.
LA token airdrop registration will be open from May 28 to June 2, with one of the participation qualifications being participation in the Turing Roulette game based on the Turing test. The total supply of LA tokens is 1 billion, with 34.8% allocated to the community and other participation plans, 25.4% to early contributors, 18.5% to investors, 11.3% to the foundation, and 10% for initial airdrop.
According to the Web3 asset data platform RootData, Lagrange is a zero-knowledge co-processing protocol that supports verifiable computation at large data scales across various blockchains. Its unique ZK co-processing approach involves a decentralized node network that executes calculations off-chain and generates ZK proofs for the results in a super-parallel manner to submit on-chain, thereby releasing significant efficiency and cost benefits. By providing super-scalable proofs, Lagrange opens the door for innovation in cross-chain interoperability and applications requiring complex big data computations.
Previous reports indicated that Lagrange Labs has completed a total of $17 million in funding.
