$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, leaving a total supply of 600,000,000 $LAZY tokens. It now serves as the official token for all things lazy.

Significant trading fees earned during the initial hype around the token along with the platform fees that generated by lazypad was used to buyback the token as the team started with 0 tokens as it was a test token.

This supply is currently being used to provide liquidity for the $LAZY token markets.