BHEX opened the deposit and withdrawal of LAMBS and launchedLAMBS/USDT trading pair at 22:00 on 11 July 2019. (UTC+8).
LAMBS (Lambda Space Token，a token representing pledged data storage space)
LAMBS is the only digital representation for pledged storage space in the Lambda storage network. In the Lambda storage network, LAMBS can be used for storage mining, storage space trading and other important purposes, and is issued based on LAMB private sale allocations and rewards tokens from miners.
Storage miners can use LAMBS in Lambda storage network to participate in storage mining, storage space trading and earn mining rewards. Before Lambda mainnet is online, and in the early stage of pre-mainnet, mining rewards will be 300,000 Lamb per day in total and is shared among all storage miners, according to the proportion of pledged data storage space to the total network data storage space; after pre-mainnet storage function is enabled, users need to have access to storage mining machines and provide storage service, otherwise mining rewards will be zero; after mainnet is launched, miners participate in mining through pledged data storage space and earn block rewards of over 6 billion LAMB in total. The pledged data storage space can be traded between miners through LAMBS.
Users who hold LAMBS can exchange LAMB at a 1:1 ratio later when exchange function is enabled. Initial exchange will start one month later, and in each month of the first year, total amount of LAMB available for exchange is 2,000,000. This figure will increase proportionally in later years. Basically, amount of LAMB available for exchange each time is related to circulation of LAMBS, more details about eligibility, fees and caps will be announced later.
Total Supply: ：500,000,000
These new coins are new to the market and deemed to have large price fluctuations. Please invest prudently and be aware of investment risks.
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11 July 2019