The Lava Network blockchain startup has begun the phased launch of the main network and the airdrop of 55 million LAVA tokens among 70,000 users.
Introducing Lava Public Mainnet.
This is a radical new approach to launching a blockchain in the modular era.
- Market-derived FDV
- Focused airdrop to 70k users
- Dex-first on Uniswap v3, Arbitrum (LIVE NOW)
Eruption.https://t.co/8bxbUvXXTp pic.twitter.com/CESxFeWIwd
Lava, as an appchain based on the Cosmos SDK, provides a modular and decentralized level of data access through remote Procedure Call (RPC).
Node operators are motivated to connect to Lava and provide RPC services through rewards. The latter are determined based on the number of users served and quality indicators such as speed, uptime and accuracy.
According to the statement, 0.46% of the total LAVA supply was used in the test network for encouragement. Among the users of RPC is the Google Cloud service, which has processed about a million requests.
The team noted that the tokenomics of the airdrop project immediately provides for a large share of the LAVA supply in turnover with a limited supply afterwards. The coin listing is primarily aimed at DEX, the first of which was Uniswap.
Data: Lava Network.According to the developers, most coin distributions provide for a limited market supply with an initially artificially high undiluted value (FDV) and subsequent inflation due to unlocks.
Lava considers its approach to be more decentralized, which gives "priority to community and sustainability, not just venture capital."
Recall that in February 2024, the project closed a seed round of financing in the amount of $ 15 million under the leadership of HashKey Capital, Tribe Capital and Jump Capital. In May, the Lava Foundation additionally attracted $11 million in investments.