> For the complete documentation index, see [llms.txt](https://lazywalkers.gitbook.io/lazywalkers-litepaper-v1.0/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://lazywalkers.gitbook.io/lazywalkers-litepaper-v1.0/utility/usdlazy-token.md).

# $LAZY token 

The next chapter of the Lazywalkers project will be the launch of the $LAZY ESDT token. The decision was based on the idea that MultiversX lacks a classic memecoin, additionally backed by an established NFT project. As enthusiasts not only for NFTs, but also for memecoins, we therefore decided to create one!

50% of the supply will be sent to holders of Lazywalker NFTs. The rest of the supply will be used as initial liquidity.

In the future, $LAZY token will have additional utility, such as purchasing our LAZY merch in a discount and many more. 

**What is ESDT token?**

**ESDT** stands for *eStandard Digital Token*. Custom tokens at native speed and scalability, without ERC20

The **MultiversX** network natively supports the issuance of custom tokens, without the need for contracts such as ERC20, but addressing the same use-cases. And due to the native in-protocol support, transactions with custom tokens do not require the VM at all. In effect, this means that custom tokens are as fast and as scalable as the native EGLD token itself.

Users also do not need to worry about sharding when transacting custom tokens, because the protocol employs the same handling mechanisms for ESDT transactions across shards as the mechanisms used for the EGLD token. Sharding is therefore automatically handled and invisible to the user.