Lambda Blockchain Service For Unlimited Data Storage Starts ICO Token Sale For LAMB Coin
Decentralized infrastructure startup Lambda that uses the blockchain to provide unlimited data storage will begin its public token sale tomorrow. The public sale which will finance this startup’s development efforts in its own decentralized storage technology is expected to run as from September 19th to 25th, 2018.
What is Lambda all about? check this out🤩 it explains everything in a very simple and direct way. Public sale starts at Sep.19, join us at https://t.co/xexPdXoR3B to grab your allocation. 🤑🤑🤑https://t.co/mBIkl3Ezfa
— Lambda (@Lambdaim) September 18, 2018
There are about 10 billion LAMB tokens. The sale will float 500,000,000 to the public. Each of the LAMB ERC20 token will retail at USD$0.01 and is expected to raise about $5 million to add on to the company’s finances to develop even more user-friendly storage solutions.
Xiaoyang He is the expert spearheading this project. He is a member of the JVM community and is also known in China as a software infrastructure expert. He previously worked as an engineer at Oracle and BEA Systems.
In a statement, He said that they are proud of the interest Lambda has generated in such a short period of time. He says that the company is focused on developing only the best possible decentralized storage tools. He says that the crowd sale will go a long way in pushing this project forward.
The company is already receiving support from other interested parties. As of the moment, they have received significant funding in terms of investments from well-known and established institutions including FBG Capital, Bitmain Technologies Ltd., FunCity Capital, BlueHill, BlockVC, Zhen Fund, Dfund, Metropolis VC and DATA Foundation and others. In addition to these investments, Lambda has raised more funds from their private sale that occurred earlier this year in which they surpassed their hard cap.
What Is Lambda?
Lambda is various things in one. It is high-speed and secure network, that is scalable and built on blockchain infrastructure. It provides decentralized applications with scalable data storage capabilities that are infinite to help them achieve multi-chain data cooperation storage, data integrity proof, data privacy protection, cross-chain data management as well as other services.