# 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.*

<figure><img src="/files/8UKoRxMUe1C2YVP05XcD" alt=""><figcaption></figcaption></figure>

## **Tokenomics** <a href="#id-9e76" id="id-9e76"></a>

The LMDA tokenomic model is simple — 90% of the 100,000,000 total supply is floated to early investors at the [Lambda Token Portal](broken://pages/zsSKTVytbK97FkUsdCWM) 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](broken://pages/zsSKTVytbK97FkUsdCWM).

<figure><img src="/files/RaW6JADYxIZVHa2Tm1Cc" alt=""><figcaption><p>90% of LMDA tokens are available at the public sale</p></figcaption></figure>

## **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.

<figure><img src="/files/50IeGMEPycD9CCclfq1r" alt=""><figcaption><p>LMDA tokenomics (left) compared with typical crypto tokenomics (right)</p></figcaption></figure>

## A Deflationary LMDA Token Market <a href="#ce18" id="ce18"></a>

{% 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.&#x20;

<figure><img src="/files/ulssROPvlm9FsMPSPOmk" alt=""><figcaption><p>Users will have to acquire LMDA tokens and activate them in the vault for access</p></figcaption></figure>

**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](broken://pages/zsSKTVytbK97FkUsdCWM) or on the open market
2. User navigates to the [Lambda web app](/lambda-markets/welcome-to-lambda-markets.md)
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.

<figure><img src="/files/1Q2HqlHb9WYge5AVRlou" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/0sPaL8tNgiT93AM39Ahx" alt=""><figcaption><p>How liquidity is provided to the LMDA token market </p></figcaption></figure>

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="<https://solscan.io/account/LMBDcdEqZGNdCd8pRUFxbC3LCqgQcmfHxVVWczqCnEc>" %}

**Lambda Token Mint:** max supply 100M, 6 decimals

`<LMDAmLNduiDmSiMxgae1gW7ubArfEGdAfTpKohqE5gn>`

{% embed url="<https://solscan.io/token/LMDAmLNduiDmSiMxgae1gW7ubArfEGdAfTpKohqE5gn>" %}

**LMDA burn wallet:** LMDA tokens that will be burnt end up here first

`<burnt4S7Gn8b8FD6aXPE7NU9dJ49TVcrqCSThWPTUMj>`

{% embed url="<https://solscan.io/account/burnt4S7Gn8b8FD6aXPE7NU9dJ49TVcrqCSThWPTUMj#splTransfers>" %}

**LMDA token market:** You can track the LMDA token market here on Birdeye 👇

{% embed url="<https://birdeye.so/token/LMDAmLNduiDmSiMxgae1gW7ubArfEGdAfTpKohqE5gn>" %}

### Burn Log 🔥

`<LMDA Burn 001>`

{% embed url="<https://medium.com/@lambdamarkets/lmda-token-burn-january-2023-1d0a8c6ebf4e>" %}


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