# Lithosphere Algorithmic Cryptocurrency - LAX ⋉ LAX ⋉ is a 𝕃ithosphere ecosystem cryptocurrency with an algorithmically adjusted circulating supply. It is designed to be the base money of the new decentralized economy, by providing an asset that cannot be diluted by supply inflation and remains decoupled to the price action of other cryptocurrencies like Bitcoin (BTC). LAX ⋉ has a dynamic supply which is determined by supply and demand which ensures it is always worth $1. Unlike coins like U.S. Dollar Coin (USDC) and Tether (USDT) which are backed by audited holdings of U.S. dollars or crypto assets like PAX Gold (PAXG), LAX ⋉ is not pegged to the U.S. dollar or any crypto collateral. LAX ⋉ can be used for a variety of purposes, such as generating yield, leveraging both the price & yield, providing liquidity and serving as collateral across the Lithosphere ecosystem. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://whitepaper.litho.ai/makalu/packages/docs/lithosphere-algorithmic-cryptocurrency-lax.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.