Decentralized storage is disrupting new areas of blockchain technology. As the first comer in this field in the blockchain industry, Lambda team is assisted the development of decentralized storage technology. Lambda’s mission is to promote decentralization of the Internet, with the goal of creating a truly, safe and open a data storage infrastructure for the next generation of blockchain. Data storage alter as assets, and to build a truly value of Internet by data value driven.
The founder of Lambda, He Xiaoyang, known as “the first person in China’s APM industry”, was selected as the “35 Under 35” list of entrepreneurs in 2015. The OneAPM founded by He Xiaoyang has won the “China’s Best APM Company of the Year” and has been successfully listed on the New Third Board in 2016.
Attention. There is a risk that unverified members are not actually members of the team
$16 670 000
Use Case: High-speed, secure and scalable, provide unlimited storageRemarks: 1 BTC = 1,250,000 tokens, Hardcap: 2000BTC
The high competition in the filed os decentralized storage platforms might be a downside for Lightstreams development. There is no link to GitHub to validate the product development. The testnet is only expected in Q1 2019. By then, the competing projects will already have their mainnets in operation for a while. The project valuation of $80M seems too high. None of the team members gives the links to their LinkedIn profiles. There are no people with blockchain experience.
Strength and Opportunities:Lambda counts with a very strong investor base. Among them are well known blockchain investors such as FBG Capital, Kosmos, Neo Global Capital, and several other investors. These strong investor base will be useful when it comes to motivate a broader audience to participate in the ICO. There are lock-up periods for team and early private equity investors, which protect ICO investors that Lambda team members or early investors sell their holdings immediately after the ICO.Weaknesses and Threats:It is very easy to claim, that the blockchain that you are developing will be able to provide several millions of transactions per second, but it is very hard to implement this in reality and to reach such a number under real world conditions for a distributed system. ICO projects that write these kind of claims into their white paper risk not being taken seriously by investors.Verdict:Lambda seems to be strong in the Chinese blockchain community. However, as we all know ICOs are currently banned in China which restricts the potential for raising capital in China. It seems that outside of China Lambda has not yet achieved significant traction compared to other projects. The investor base of Lambda looks very solid. Investors need to decide for themselves if the fundamentals are strong enough to make it worth taking the risk and to participate in the ICO.
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