Brand New Cosmos L1 Set to LAUNCH | Lava Network TOKENOMICS Deep Dive + Airdrop!?

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The following is an AI generated summary from ICI:

Lava Network introduces Lava Token and discusses tokenomics and potential airdrop. 00:01

• Lava Network announces Lava Token and its potential airdrop
• Discussion on the recent developments and impact on ETF flows, including outflows and halting of flows by Black Rock

Lava Network building decentralized RPC infrastructure on Cosmos SDK. 01:20

• Lava aims to fix systemic risk factor for Ethereum DeFi caused by centralized companies like Infura
• Partnership with Ro Chains announced, compatible with Ethereum, Solana, and more

Lava Network aims to be deflationary with a 1 billion coin supply. 02:35

• Lava token has a total supply of 1 billion coins and aims to become deflationary quickly
• The economic model involves built-in burn and reaking mechanisms to ensure scarcity and integrity

Stake to Validators and Providers for network security and efficiency. 03:45

• Maximize capital efficiency by staking to validators and restaking to providers.
• Token holders can participate in onchain governance to determine pricing and maintenance of API specs.

Lava token utility and distribution details. 05:00

• Lava token serves as gas fees payment and economic security for the Lava Network
• Token distribution breakdown includes allocations for future initiatives, validators, early backers, core contributors, and ecosystem

Understanding Lava Network Tokenomics. 06:19

• Initial year sees less than 25% of Lava Supply in the market.
• After the first year, a substantial increase in the supply due to early investor unlocks.
• Liquidity rollout spans 4 years with gradual increase in circulating supply.
• Growth focuses on magma points for rewarding users in incentivized RPC pools.

Switching to Lava provider can earn magma points, potential for Lava tokens. 07:29

• Users can earn magma points by switching RPC provider to Lava in Cosmos native wallets
• Lava Network may introduce Lava tokens in the future, along with Lava drop Seasons for growth

Brand New Cosmos L1 Launch with Strong Fundamentals. 08:44

• Lava Network has survived the bear market, raised $15 million, and has an experienced team.
• Lava Network is focused on shipping a finished product and is aligned with NEAR, Ethereum, and Axan Network.