Cryptography startup Lagrange Labs plans to Airdrop LA Token

Gate News bot news, the cryptography startup Lagrange Labs announced its plan to launch a utility token LA after establishing an independent foundation to develop the Lagrange ecosystem.

Lagrange Labs has developed the Lagrange Prover Network, a decentralized network built on the restaking protocol EigenLayer, which supports zero-knowledge proof generation. Clients can use the LA Token to pay for proof generation fees as well as staking costs. The token will also be used to subsidize the costs of the prover “subnetwork” that is used to verify the validity of zero-knowledge proofs.

The registration for the LA airdrop will begin on May 28 and end on June 2. One of the main eligibility requirements for the Lagrange airdrop is participation in Turing Roulette, a game based on the Turing test where participants need to guess whether they are interacting with artificial intelligence or a real person. In addition, individuals must also complete the uniqueness proof and humanity proof verification during the airdrop registration period.

It is worth noting that when users pay proof fees using tokens such as ETH, USDC, and LA, a portion of the fees will be returned as rewards to the network’s provers. The network will also release a fixed 4% of tokens annually, which will be distributed to them based on the number of LA tokens staked or delegated by the provers, to subsidize part of the proof costs. Token holders can then delegate more tokens to certain prover sub-networks, thereby helping align the network’s economic priorities with proof demand.

Source: The Block