Lavandos (LAVE) is an alternative coin (altcoin) on the TON network, a blockchain-based decentralized computer network. The coin was created with the intention of providing a decentralized and distributed cryptocurrency with a low-cost method of transaction. The aim is to accelerate the adoption and understanding of decentralized finance (DeFi) among users. LAVE shares many properties with Toncoin, another altcoin on the TON network, and utilizes smart contracts and sharding within the TON network. The name "LAVE" is derived from the Roma word for "money" and has become a part of the slang in the Russian language and other CIS languages.

Lavandos operates on the TON network and is distributed to active addresses within this network. The distribution process aims to ensure that a significant percentage of LAVE tokens are spread across a large number of active TON addresses, reducing the risk of market manipulation. The distribution of LAVE tokens is carried out in stages, with each stage distributing a specific number of tokens to a set number of wallets. Once users receive LAVE tokens, they can utilize them within the TON network.

Lavandos aims to serve as an example of a distributed currency in the DeFi community. By distributing LAVE tokens to a large number of active TON users, the project seeks to introduce many users to the concept of decentralized finance (DeFi). With the tokens at their disposal, users can learn how to use and apply them in various areas of DeFi. The project encourages the creation of bots, websites, and apps using LAVE as a means of transaction, in-game, and in-platform currency.

The Lavandos token was established on November 28, 2022. The initial issue of the token was 5,000,000,000 LAVE, with the final issue being 4,600,000,000 LAVE after a portion was burned. The distribution of the tokens was carried out in stages, with the first stage completed on January 2, 2023, the second stage completed on January 11, 2023, and the third stage completed on January 15, 2023. The project does not have big investors but is driven by the desire to introduce a decentralized and distributed cryptocurrency.

We update our Lavandos to EUR currency in real-time. Get the live price of Lavandos on Coinbase.