Lava community utility token $LAVA listed on Bybit, KuCoin, Gate Trade

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Chainwire, George City, Cayman Islands, January 9, 2025

Lava Community, a protocol that coordinates site visitors for dapps and AI brokers on any blockchain, publicizes that the $LAVA utility token will likely be listed on ByBit, KuCoin, Gate, and MEXC, with buying and selling beginning as we speak. Thursday, January 9, 2025, 10 a.m. (UTC).

Lava is a brand new protocol that gives customers with a quick and dependable expertise interacting with blockchain apps. On the coronary heart of the system is the LAVA ($LAVA) token, which routes consumer site visitors comparable to DeFi transactions and knowledge queries between wallets, knowledge suppliers, and blockchains. LAVA holders are integral to the community, staking their tokens and directing site visitors to the quickest and most dependable suppliers. This drives superior efficiency and scalability throughout over 40 chains, making Lava an important instrument for sustaining high-performance networks with minimal downtime, processing over 100 billion transaction requests thus far. It turns into.

Key integrations with Lava Community embrace main dApps and enterprises comparable to Keplr, Paraswap, Axelar, and Hypernative, all of which depend on LAVA to maintain consumer site visitors flowing easily and effectively. I’m.

Robust fundamentals behind $LAVA

Lava's speedy progress is supported by its robust fundamentals. Because the mainnet pre-launch in late July 2024, the community has secured over $3.5 million in ARR and over $1 million in on-chain income. Its tokenomics mannequin drives long-term worth. The availability of LAVA is restricted to 1 billion tokens and there’s no inflation mechanism. All investor and group allocations are locked till 2026. LAVA's tokenomics features a month-to-month write mechanism that dynamically adjusts to draw extra knowledge suppliers to the community, with 1.5% of the whole token provide written thus far.

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Lava additionally affords a first-of-its-kind income sharing mannequin, the place contributors have the potential to earn rewards immediately within the native tokens of supported blockchains. Presently, over $1 million has been distributed in native tokens comparable to AXL, NEAR, and USDC to LAVA stakers and knowledge suppliers to safe and optimize the protocol. Staking rewards may be discovered at swimming pools.lavanet.xyz and supply customers with a direct incentive to take part within the progress of the community.

“Blockchain is a digital metropolis with its personal economic system,” he mentioned. Amir Aaronson, President of the Lava Basis. “As people and AI brokers more and more transfer on-chain, we’d like dependable roads to hold transactions and knowledge. $LAVA powers these roads and allows the free movement of digital commerce. Proudly owning part of Lava Community is like proudly owning a share of the infrastructure that retains town operating.”

Lava contributor Magma Devs has raised $15 million from notable buyers together with Hashkey, Tribe, and Bounce, and Lava Basis has raised non-public funding from main founders and group members from Cosmos,… Secured over $11 million in token spherical. Lava is positioned as a protocol to handle site visitors from AI brokers and dapps on any blockchain.

For extra data, please go to lavanet.xyz.

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About Lava Community

Lava Community allows 24/7 entry to blockchain apps with minimal downtime.

Lava is a protocol that coordinates site visitors from AI brokers, apps, and wallets on any blockchain. Lava aggregates RPC (NYSE:) suppliers and directs transaction flows and knowledge queries, comparable to pockets balances, based mostly on the supplier's pace and reliability. The protocol has secured over $3.5 million in income, and chains and apps like NEAR, Starknet, Filecoin, and Axelar have already raised over $1 million to supply ultra-reliable companies to LAVA stakers and suppliers. are paying.

contactrachel waterproof coatlava community[email protected]

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