[LAOS NETWORK] Proposal Open/Accept HRMP channel and Register Asset xcLAOS

XCM/HRMP XCM Proposals
1

LAOS Network Proposal Open/Accept HRMP channel and Register Asset xcLAOS

Link to Corresponding proposal in Polkassembly

This proposal outlines opening an HRMP channel between LAOS Network (Polkadot ParaID 3370) and Moonbeam, and registering the xcLAOS token on Moonbeam to enhance cross-chain liquidity and utility.

About LAOS

  • Regulatory Clarity: The LAOS token is classified as a utility token under Swiss FINMA, used for governance, staking, and gas.
  • Polkadot Integration: Fully decentralized and integrated with Polkadot Gov 1.0 (Subsquare governance portal live since Jan 2025).
  • Market Traction: Live on Polkadot since July 3rd, 2024, with stable token listings (MEXC and Bit2Me), maintaining a ~$50–70M market cap.

Proposed Integration with Moonbeam

  1. Open Bi-Directional HRMP Channel
  • Facilitate seamless transfers of the LAOS token between LAOS Network and Moonbeam.
  1. Register xcLAOS on Moonbeam
  • Multilocation: { "parents": 1, "interior": { "X1": { "Parachain": 3370 }}}
  • Decimals: 18
  • Name: LAOS
  • Symbol: xcLAOS
4 Likes