Lambda, a decentralized infrastructure startup that provides unlimited data storage via the blockchain tomorrow will launch its public token sale. The public sale will run from September 19-25, 2018 and finance Lambda’s continued efforts in its proprietary decentralized storage technology.
The token sale will offer 500,000,000 of the total available 10 billion LAMB tokens to the public. Each LAMB ERC20 token will sell at USD $0.01, which is expected to generate a maximum of $5 million to increase the company’s development of user-friendly storage solutions.
The company is spearheaded by Xiaoyang He, member of the JVM community and a well-known infrastructure software expert in China, who previously worked at Oracle and BEA Systems as an engineer.
[perfectpullquote align=”full” bordertop=”false” cite=” Xiaoyang He, CEO of Lambda” link=”” color=”” class=”” size=””]“We are proud of the notable interest Lambda has received in such a short period of time. Our company is focused on developing the best possible decentralized storage solutions, and this crowdsale will aid in that endeavor.”[/perfectpullquote]
The company has received significant investments from well-known institutions, such as Bitmain Technologies Ltd., FBG Capital, FunCity Capital, BlockVC, BlueHill, Zhen Fund, Metropolis VC, Dfund, and DATA Foundation, among others. Furthermore, Lambda successfully completed its private sale earlier this year and overshot its hard cap.
Lambda is a high-speed, secure, and scalable blockchain infrastructure project and provides infinitely scalable data storage capabilities to decentralized applications to achieve data integrity proof, multi-chain data cooperative storage, cross-chain data management, data privacy protection, and other services.
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