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Lambda Token

Attention Lambda tokenholders!

The GIIS project is currently accepting applications for reimbursement of losses from investing in the ICO of this token. See the official GIIS website for details.

Year 2018
Founders ----
Origin Singapore

Lambda or LAMB token , is aimed to create a decentralized storage network based on blockchain. What they want to create is a scalable ecosystem for storage with data verification. They are also planning to offer services that have multi-chain cooperative storage of data, protection of data privacy, easy to prove data possession, and cross-chain data management.

The token itself is going to be used for mining storage, exchanging storage space and other goods/services on a special marketplace.

This marketplace is the crucial component of the whole system; this is the space where all users can buy storage place for LAMB tokens. It is based on VRF and BTF protocols, and uses thousands of nodes. On this marketplace, there are storage miners – people who provide their storage space for money; retrieval miners – users who provide download bandwidth by pleading a small amount of LAMBs. Also, there are validators, very important actors of the system who are responsible for all the technical part of the process.

The country of origin is Singapore.

ICO Stages

The project didn’t use any extra time to collect funds from their potential investors, and had the main ICO time for as little as a couple of weeks, between September 19th and October 2nd of 2018.

Problems and future perspectives

The project has a lot of potential as we see it, as storage of data is something that this world will increasingly need, and as the world is developing, the demand for storage grows. And all the services that can provide a working model for exchange of storage for money should be a promising investment asset.

However, from what we see, over the past half-year the token rate has not been showing great results, as it shrank to ten times smaller the size of April 2021.

The social networks pages, a powerful indicator of the company’s activity, have also been neglected for a while, which does not add up to the company’s image.

If you purchased LAMB during the ICO in 2017-20 and are willing to restore a part of your losses, we highly recommend you to use GIIS project’s services (Global ICO Insurance System). Currently, the GIIS project finishes the registration for LAMB tokenholders.

Time left for LAMB tokenholders registration:

  • 26Hours
  • :
  • 09Minutes
  • :
  • 53Sec

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