LMDA Token Burn — January 2023

Lambda Markets
2 min readFeb 1, 2023

5.384MM $LMDA tokens worth $137,850 USD have been burned, never to enter the circulating supply again.

LMDA Burn — #001 January 31, 2023

Quick stats:

🔥 Tokens burned = 5,384,170.3857 LMDA

🔥 USD value burned = $137,850.92

🔥 New LMDA circulating supply = 94,615,829

🔥 Decrease in total supply = -5.384%

LMDA Burn #001

The first LMDA burn has occurred! On January 31 2023, 5.38% of the total LMDA supply was burnt, forever 🔥

These tokens were activated in the Lambda Vault for subscriptions to Lambda 2.0 — and the founding team also decided to burn ALL of their personal tokens, acquired from the Lambda Token Portal.

You can verify the burn transaction here:

Why?

Availability of the LMDA token on decentralised markets should become increasingly scarce. To activate platform features, users must acquire LMDA and activate them. 10% of the LMDA tokens used to activate product features will be burnt, beginning at launch & lasting FOREVER.

LMDA total supply should decline as the platform user base grows

Once tokens are deposited into the activation vault, 10% of those tokens are burnt — never to enter the supply again. Traditionally crypto tokenomics are ridden with inflation, ours is not.

LMDA token flow

Future LMDA Token Burns will occur once per month, tokens waiting to be burned will be visible via the Lambda Burn Wallet ⤵

Disclaimer

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