Lambda, a decentralized infrastructure startup for Blockchain-based applications will begin its public ICO sale from September 19 onwards. The platform uses the decentralized technology to facilitate unlimited data storage.
The new public offering will finance the development efforts of this startup business to work for its decentralized storage technology. There are expectations that the ICO will run from September 19-25, 2018.
In all total, there are approximately 10 billion tokens of LAMB. The public will be able to purchase around 500,000,000 tokens. Each LAMB token will be sold at 0.01 USD and is expected to collect a fund of 5 million USD to contribute to the finances of the company and develop a number of user-friendly storage solutions.
The project is being spearheaded by Xiaoyang He. A member of a community called JVM. He is also famous as an expert in software infrastructure in China. He had earlier been associated as an engineer of BEA Systems and Oracle.
He said in a statement that the company is proud of the kind of interest generated by Lambda in such a brief span of time. He further said that his company is only concentrating on the finest possible tools for decentralized storage. According to him, the new crowd sale can have a positive impact in driving the project forward, Bitcoin Exchange Guide reported.
Blockchain Startup To Push Developmental Efforts Through ICO
Lambda is a secure and high-speed network built on the Blockchain infrastructure and is highly scalable. It offers decentralized applications with abilities for scalable data storage, which are infinite so that they can accomplish data privacy protection, data integrity proof, cross-chain data management, and storage of multi-chain data cooperation among others.
The Blockchain startup has raised funds from their ICO private sale, which took place earlier in 2018 when they did better than their hard cap. The firm has got big investments from renowned institutions like FBG Capital, Bitmain Technologies Ltd., and Dfund among others, according to CryptoNinjas
.
The post Blockchain Startup Platform Lambda Launches Its ICO Sale appeared first on OWLT Market.
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