On October 27th, Lambda (LAMB) made its debut on HotsCoin. Lambda (LAMB) is a decentralized storage network designed to build decentralized storage infrastructure for the next generation of the internet. It is now available for trading on HotsCoin.
Basic Information
Lambda (LAMB) is a decentralized storage network created to establish decentralized storage infrastructure for the next generation of the internet. HotsCoin has observed that this project achieves decentralized storage, data integrity verification, and market storage transactions through the Lambda Chain consensus network, providing infinitely scalable data storage capabilities. Here are some key statistics:
- Circulating Supply: 1,646,414,197.724 LAMB
- Total Supply: 6,000,000,000 LAMB
- Circulating Market Cap: $2,158,154.585
- Fully Diluted Market Cap: $13,108,211.7
Introduction to Lambda
The Lambda core team has built a permissionless, secure, and economically efficient decentralized storage network, garnering strong support from the community and HODLers. HotsCoin notes that the project is committed to meeting the demands of both data value transactions and data storage availability. It creates a decentralized value data transaction system through an efficient blockchain system, providing unlimited and highly available storage access to the data itself. Lambda's core technology is PoST (Proof of Space and Time), used for decentralized storage.
With the relentless efforts of Lambda's core development team, the project has announced the release of a new version of the Lambda network named "The Renaissance." The Renaissance represents the next generation of Web3 infrastructure, designed to meet the needs of emerging applications such as DeFi and NFTs. HotsCoin observes that this version will comprehensively upgrade various aspects of the Lambda Network, including technical architecture, consensus networks, economic models, governance systems, and intrinsic smart contract systems. The goal of the Lambda Network is to fully support Web3 application scenarios like NFTs, GameFi, and DID.
Lambda Token (LAMB) Economics:
- The initial issuance is 6 billion tokens, and the rate of issuance will be determined by the overall network staking rate, ranging from a maximum of 4.6% to a minimum of 2% fluctuation.
- The issuance rate will gradually approach the maximum issuance rate of 4.6% when the staked tokens are below 3 billion, and it will gradually decrease to 2% when the staked tokens are above 3 billion.
- Staking will lock funds for 21 days.
HotsCoin notes that the Lambda mainnet launch occurs in two stages, with different block reward distributions:
First Stage (Consensus Network Startup Stage Distribution): 5% of the total supply is allocated for rewarding validator blocks, 35% for community distribution, and 60% for staking rewards.
Second Stage (Storage Network Startup Stage Distribution): 5% of the total supply is allocated for rewarding validator blocks, 2% reserved for ecosystem development, 33% for early incentives in storage networks and data-rich DApps, and 60% for staking rewards.
The first version of The Renaissance testnet will be released soon, launching a global developer program to support the development of the new ecosystem, including, but not limited to, NFT Marketplaces, GameFi, Socialfi, and DeFi protocols on the new network.
HotsCoin's Conclusion
Lambda (LAMB) is a project focused on the decentralized storage sector, and with the release of The Renaissance, it is set to bring new opportunities to the Web3 industry. The project's token economics and technical architecture indicate a solid foundation for long-term development. Lambda's core development team is prepared to learn, research, and improve continuously to meet market challenges and lead the industry towards progress.
HotsCoin will continue to monitor the project's ecosystem. Please note that investing carries risks, and this report is for reference purposes only; it does not constitute investment advice. (Report date: October 2023)