Locked LMDA— Rebates + Discounts
Lock LMDA tokens for tiered rebates and platform discounts + future exclusive platform features. Secure your LMDA tokens now — the public sale closes on January 25th, 2023 at launch.lambda.markets
Quick glance:
- Lock LMDA tokens for tiered rebates and platform discounts + future exclusive platform features.
- Locking LMDA will deliver value to the Lambda community, consistently promoting user growth whilst rewarding heavy users of the platform.
- The LMDA token auction is now underway and will close on the 25th of January 2023–90% of the total token supply is available to early users.
- LMDA tokens are now available at launch.lambda.markets
Overview
Extending the utility of the LMDA token, holders will be able to lock up LMDA tokens via the web-app for 30-day, 60-day or 90-day epochs.
In return, locked token holders will be granted tiered discounts on platform features + receive generous referral rebates. Future ‘locked-only’ platform features will be available in-app. Launching in March 2023. Referral links will grant new users 5% discounts on subscriptions.
Tiered discount values will be dependent on the number of LMDA tokens locked + the time that the holders select to lock up their tokens for.
Referral links grant new users a 5% discount on subscription prices.
Flow of Locked LMDA in the ecosystem
Locked LMDA will be committed to the Lambda lock-up contract — the address will be available in the project documentation in due course.
The LMDA tokens cannot be unlocked before the chosen lock-up period ends. After the specified epoch is over tokens flow back to the user.
Tiered Discounts + Rebates
Rebates will be paid out to the user in LMDA tokens for the equivalent USDC value owed. For LMDA token holders who have locked, the discount on platform features and subscriptions will be applied when activating a subscription or other Lambda feature.
View below, the various lock-up epoch periods and potential for holders.
Subscription cost: cost of annual pro subscription
Worked Example — Referral Rebates
Trader A has $500 USD of LMDA tokens locked for 90 days. This gives the holder Tier 2 status and the following benefits:
- 20% discount on all platform features, including subscriptions.
- 25% of fee rebates, when another user uses their referral link to activate platform features.
Now for a scenario, Trader A has a friend, named Trader B who is wanting to join Lambda. Trader A suggests that Trader B use Trader A’s referral link for a 5% discount on subscriptions. As Trader A has acquired Tier 2 status by locking $500 of LMDA tokens, any user that they refer to Lambda will give them a 25% rebate → paid to them in LMDA tokens.
Trader B uses Trader A’s referral link and purchases a Pro, annual subscription to Lambda 2.0 → the total cost is $1500 USD and this is paid in LMDA tokens. Trader B activates the LMDA tokens in the vault, this now means that Trader A receives 25% of the $1500 USD in LMDA tokens that were used by Trader B to activate a subscription.
25% * $1500 USD = $375 USD → owed to Trader A.
Trader A will then receive $375 worth of LMDA in rebates. Trader A can increase the total % rebate that they receive from referrals by locking more LMDA tokens, according to the tables above 👆
How to secure LMDA tokens👇
Of course to lock-up LMDA, you must first acquire LMDA — Participate in the Lambda Token Portal where we are floating 90% of the total token supply to early users!
From there, users can activate LMDA in the app to get access to the Lambda 2.0 platform which includes access to:
- Strike algorithm ✔️
- Macro Dashboard ✔️
- Trade Engine ✔️
- Full Charting Library ✔️
What next?
We’ll be publishing further insights into the Lambda 2.0 platform every day leading up to launch on January 25th. Make sure that you’ve got familiar with the project documentation and secured LMDA tokens for access to the platform. Join the discord so that you don’t miss out on anything!
Here’s what is to come ⤵
Disclaimer
Before interacting with us in any way, become familiar with our terms 👇
