Place/Date: Singapore - December 29th, 2018 at 9:04 am UTC · 4 min read
Contact: Lambda, Source: Lambda
Lambda has selected BitMax.io to manage its primary token listing on its cryptocurrency exchange platform. Each token will sell at USD $0.01. Lambda is on the ethereum blockchain, and the LAMB is an ERC20 token. The listing goes live today, December 26, 2018. The partnership is a testament to Lambda’s continuous success and profound thought leadership in the decentralized storage field.
Lucy Wang, co-founder and CMO of Lambda, said:
“We are honored to announce the exclusive availability of our LAMB token via the BitMax.io exchange. By collaborating with BitMax.io, we are capable of bridging our communities and growing the decentralized blockchain storage market. Our partnership denotes the continued drive and scientific application the Lambda team dedicates to expanding the project and ensuring its success. As we promised our community, we look forward to delivering on an exponential impact to the decentralized storage market in cooperation with BitMax.io as our listing partner.”
BitMax.io not only has the lowest transaction fees in the industry at 0.04%, but also provides exceptional infrastructure support and trading experiences, with its 24/7 global operations, real-time trade settlement, and the fastest transaction rates in the industry at 400k TPS. Moreover, as BitMax.io offers the option of reverse-mining for Maker trades, users not only get rebates by executing Maker trades but also “return” the equivalent market value of BTMX tokens (the platform native token) by the platform deducting them from the user’s account. The returned BTMX tokens will be locked up permanently, hence reducing the number of tokens in circulation.
George Cao, Founder & CEO of BitMax.io, said:
“Supported by the excellence of Lambda is the established presence of BitMax.io as the world’s first 3rd-generation cryptocurrency exchange platform. The BitMax.io team has extensive expertise in the areas of traditional finance, capital markets, technology, high-performance quant trading and token economics. The Lambda token listing will be another great value add-on for BitMax.io.”
As an innovator in the decentralized blockchain space, Lambda fulfils services such as multi-chain data, co-storage, cross-chain data management, data privacy, provable data possession (PDP), and distributed intelligent computing through logic decoupling and independent implementation of Lambda Chain and Lambda DB. Through its advanced ecosystem and architecture design, Lambda is expected to play a significant role in the fields of IoT data storage, artificial intelligence, public data access, and blockchain-based data transactions.
In November 2018, Lambda announced its groundbreaking open-source Proof-of-Space-Time (PoST) protocol as the first available to developers worldwide on GitHub, the world’s leading software development platform. Additionally, Lambda is expected to release its research yellow paper later this year and launch its main network in Q2 2019.
BitMax.io is the leading 3rd-generation of digital asset trading exchange with the industry very first transaction mining & reverse-mining mechanism. Since its initial launch in August, BitMax.io has been steadily moving up the ranks in the competitive exchange space with its client-centric focus and continuing trading innovation: the platform completed its early stage financing round with strategic investments from many of the industry’s top venture capital institutions including FBG Capital, BitMain and Matrix Partners China; it is the industry first exchange that applies both trans-fee mining and reverse-mining; and within the first 24 hour of the launch, the industry FIRST transaction-mining and REVERSE-mining, the trading volume on BitMax.io (BTMX.com) had reached approximate 1.4 billion USD.
Lambda is a fast, safe, and scalable blockchain infrastructure project, which provides decentralized applications (DAPPs), data storage capabilities with unlimited scalability and fulfills services such as multi-chain data co-storage, cross-chain data management, data privacy protection, provable data possession (PDP), and distributed intelligent computing through logic decoupling and independent implementation of Lambda Chain and Lambda DB.