Lambda LMDA ICO: Cryptocurrency Funding Research Token?
Public Blockchain can solve two of today’s most serious issues in research. The first problem is that in grant funded research as much as 40% of principal investigator’s time is spent seeking funding and grants spends a tremendous amount of effort processing the thousands of proposals they receive. The second major problem is that in industry, paper lab records predominate as there is no accepted way to secure electronic records for legal use.
These are the problems Lambda Network wants to solve.
What Is Lambda Network?
Lambda network is a lattice of integrated smart contracts and distributed applications which introduces revolutionary blockchain technology to the $1.1 trillion research market. They have identified a subset of existing applications and enhancement to the current R&D process that can potentially be achieved by moving some of the current interactions to the Blockchain. The immutability of the secure Ethereum blockchain provides an excellent opt-in mechanism for auditing transactions.
For-Profit research organizations are increasingly funding basic research which may want to advertise publicly within a distributed marketplace. The public records could be used to analyze the spending pattern of both research institutions and researchers to measure the efficacy of funding projects.
Through smart contracts, Lambda Network wants to build a marketplace that connects researchers directly to their funding, enabling brand new applications in research crowdfunding.
Lambda Crypto Funding Research Token Products and Services
Lambda network wants to develop eight software features, services or applications to begin with.
Mobile And Web Wallet:
Wallets will be created automatically and synced between devices with an encrypted cloud backup. The wallet will be a gateway to the Lambda Network applications and features.there will be third party plugins to the application so that they can feature their own apps prominently within the ecosystem.
SkyLab Services Integration:
SkyLab platform will be fully integrated as a third party application with the Lambda Wallet. They will review each application for identity verification and ensure that the information a user provides is consistent with a single real world identity.
Grant Funding Delegation DAO Contract:
A grant funding delegation contract for governing both the Lambda Research and Lambda Ecosystem grants. This will be a public contract and will go through a period of review before being published on the Blockchain.
Research Grant Issuance:
They will develop a standard interface for developing grant issuance contracts which will be capable of tracking.
Research Grant Blockchain Explorer:
An explorer will be included in the Lambda Wallet which will be used for granting institution, application for the grant, the grant recipient and the associated Git repositories.
They will include a marketplace explorer for finding new grant opportunities within the network.
Research Efficiency Analysis Explorer:
The wallet will include a basic analysis of citations.
Miscellaneous Network Contracts:
They are developing miscellaneous contracts to meet specific research and funding institution requirements as they are needed.
Lambda LMDA ICO Details
The token generation event will be held to create and distribute a maximum of 10 Billion Lambda. It is standard ERC20 token with the price of 1 LMDA=0.0002 ETH. Total sale issue cap is 3.2 Billion and presale issue cap is 500 million. Soft cap is going to be of 1000 ETH.
- Token Sale: 32% of the tokens will be sold in token sale or pre-sale.
- Research Grant: 16%
- Ecosystem Grant: 16%
- Token Sale costs and Bounty program: 4%
- Company: 30%
- Advisors: 2%
Lamada Network is looking to disrupt the 1.1 trillion research market. They have a strong tech team and a very distinct vision which leverage Blockchain along with other cutting edge technologies which will help them achieve their goal and go beyond.
More can be found out about Lambda Network and Lambda Token on their website lambdanetwork.org/