$lazy origins story

The original LazyPad.xyz launchpad was an overnight project, and seven test tokens were created. The last one being the $lazy token, which we used to test the metadata.

We did not announce or release any of our test wallets or test tokens, but they were discovered by traders, leading to significant trading volume without our official endorsement. There was a lot of drama at first because we did not acknowledge the existence of the token, since we had no intention of creating a token for a platform built overnight.

The test token was initially launched with a total supply of 1,000,000,000 but due to a miscommunication with the Meteora team, it led to 400,000,000 of the supply being placed in a leftover wallet.

This supply of 400,000,000 tokens has since been burned, and all the trading fees generated by the $LAZY token, along with those from the LazyPad platform were used to buy back the $LAZY test token in an effort to support it. We officially adopted it as the platform token after having bought back so much of the supply and being highly incentivized to do so.

At this moment, we are in the process of considering many options to fix the token design as the platform evolves, and expect there to be significant changes in the future.