# The LMDA Token {% hint style="warning" %} The LMDA token is the key to gain access to the Lambda Markets platform and the Lambda ecosystem. Users must acquire LMDA tokens + activate them in the Lambda Vault to gain platform access. {% endhint %} LMDA token holders are able to: * **Access Lambda 2.0**: *purchase LMDA tokens to activate platform subscriptions and features* * **Rebates:** *lock LMDA tokens to earn tiered discounts on platform features and subscriptions. Refer friends + family to receive generous rebates.*
## **Tokenomics** The LMDA tokenomic model is simple — 90% of the 100,000,000 total supply is floated to early investors at the [Lambda Token Portal](https://docs.lambda.markets/lambda-markets/powered-by-lmda/broken-reference) and 10% of the token supply is held in the Lambda Vault to bootstrap market liquidity. **Token allocation:** * Public Sale (Lambda Users): 90,000,000 tokens * Lambda Vault: 10,000,000 tokens The 10% allocation to the Lambda Vault will never be outright sold on the market and the other 90% of the supply will be in circulation at launch, distributed to participants at the [token portal](https://docs.lambda.markets/lambda-markets/powered-by-lmda/broken-reference).

90% of LMDA tokens are available at the public sale

## **Zero Insider allocation:** As many tokens possible will be in the hands of our platform users from launch. The LMDA token **has zero:** * Team allocation * Private/VC/Seed allocation * Community allocation Acquire LMDA tokens without the fear of insider selling that has become typical of most tokenomic setups.

LMDA tokenomics (left) compared with typical crypto tokenomics (right)

## A Deflationary LMDA Token Market {% hint style="success" %} The major benefit of floating 100% of the LMDA token supply at launch is that we are able to promote a **deflationary token market.** {% endhint %} Availability of the LMDA token on decentralised markets should become increasingly scarce, promoted via a **token burn mechanism.** The Lambda 'Vault’ will promote a deflationary token market. 10% of the LMDA tokens used to activate product features and subscriptions will - beginning at launch & lasting FOREVER.

Users will have to acquire LMDA tokens and activate them in the vault for access

**10% of the LMDA tokens used to activate product features** will be burnt, beginning at launch & lasting FOREVER. Once tokens are deposited into the vault, 10% of those tokens are burnt — never to hit the market again. During renewal periods and new platform feature releases there should be heightened demand for activated LMDA + thus the availability of the LMDA token on decentralised markets should become increasingly scarce **in short bursts throughout the year.** ## Token Flow in the Lambda Ecosystem To access the Lambda 2.0 platform, users must acquire LMDA tokens and activate them in-app via the vault. The process is as follows: 1. User acquires LMDA at the [Lambda Token Portal](https://docs.lambda.markets/lambda-markets/powered-by-lmda/broken-reference) or on the open market 2. User navigates to the [Lambda web app](https://docs.lambda.markets/lambda-markets/welcome-to-lambda-markets) 3. User activates the LMDA tokens required to subscribe or unlock a feature in the Market tab. 4. 10% of the LMDA tokens that are activated are burnt and the other 90% remain in the vault for passive liquidity provision.

How liquidity is provided to the LMDA token market

Lambda Markets will provide equal parts USDC + vault LMDA to bootstrap and maintain market liquidity via [Orca](https://www.orca.so/). ## LMDA Token Details **Authority Wallet (Vault):** authority over mints and smart contracts. {% embed url="" %} **Lambda Token Mint:** max supply 100M, 6 decimals `` {% embed url="" %} **LMDA burn wallet:** LMDA tokens that will be burnt end up here first `` {% embed url="" %} **LMDA token market:** You can track the LMDA token market here on Birdeye 👇 {% embed url="" %} ### Burn Log 🔥 `` {% embed url="" %}