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Lamden: Post-ICO Review

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  • Lamden: Post-ICO Review

    Lamden (TAU) is building a set of development tools intended to ease the process of creating new blockchains. The goal is to reduce the time to develop and deploy new blockchain technologies. Initially, Lamden's development suite will be limited to the Ethereum blockchain, but their plan is to be blockchain agnostic allowing users to build on top of whichever blockchain they wish. The TAU token is an agnostic utility token, essentially a native digital currency supported by all private blockchains built with Lamden. Thus, easing communication by eliminating the need to create independent relationships which each individual blockchain. Lamden’s development tools, if successful, can greatly assist in the widespread adoption of blockchain technology.

    Crypto Butler Post-ICO review:

    ICO Token Metrics:
    • Hardcap: $10M
    • Whitelist: No
    • ICO Raise: $10M
    • Expected market cap: $75M
    • Listed on Coinmarketcap: Yes
    • ICO Discounts: Yes
      • Max Discount: 22% (220% in some cases, see below)
    • Unsold token burn/lock-up reserve: Yes
    • Lowest ICO Price (ETH): 0.000078
    • Current Trading Price (ETH): 0.0005

    Intangibles
    • Team/Advisors Quality: Ok. Core team is small, but they have well rounded advisors and enough funds to hire.
    • ICO Hype: Fair. No large ICO community backed the project publicly
    • Idea / Vision: Great. Blockchain agnostic development tools.
    • Prototype: No. Alpha release in the works
    • Whitepaper: Yes
    • Roadmap: Fairly detailed. Stable V1 release planned within 12 months
    • Exchanges listed: EtherDelta & IDEX. Team is working on other exchanges.
    What we like

    Lamden is building a set of development tools that could be game changing in cryptocurrency, bringing blockchain technology to the masses. Lamden’s three new development tools - Saffron, Flora and Clove – aim to make it easier for companies to adopt blockchain.
    1. Saffron – deploy a private chain.
    2. Flora – choose a smart contract, make your own or connect to other community blockchains.
    3. Clove – infrastructure that links the private blockchains, a common protocol for chain-to-chain communication.


    We love that they're providing the full suite of tools for rapid development. They're also not trying to reinvent the wheel by modeling their tools after the most popular tools developers already in use.

    If you've been following us, you know we love blockchain infrastructure projects and the Tau Blockchain is an exciting product. By setting up an exchange with the Tau protocol, developers will have access to the entire crypto market versus setting up an exchange with each blockchain individually. There are no transactions fees when using Tau, so how do they make money? Instead of charging a fee, users must use the Tau token to benefit from the interoperability of the chain. Meaning users need to go purchase the token, this will increase demand and increase value long term for investors and the protocol.

    Token metrics are favorable to low market cap investors. $10M hard cap with a current value of $75M leaves lots of room to grow (rise in cap mainly due to inflation in ETH). The community around this coin is strong.
    What we don't like

    The team has not released a beta or even alpha version of their product to the public. There is a strong community behind this coin, yet no influencers seem to have picked it up. This makes us worry about the marketing and project awareness, however their CEO has indicated recently they're working with a marketing firm now and have discussion with Binance for future listings. During token distribution, the team awarded some pre-sale contributors a 220% bonus instead of a 22% bonus due to a rounding difference in python vs excel. The team immediately disclosed the issue to the community and decided to burn a portion of the team's tokens in order to keep the circulating supply the same. Verdict: Type C Token

    Despite some post-ICO drama, we think Lamden is going to the be a great gem for 2018. We've seen small teams with great ideas perform before like Neblio and Ethos. Neblio and Ethos both raised sub $10M ICOs, but capitalized on great hires and game changing ideas. If Lamden can follow their roadmap and continue to build their team with quality hires this could be a huge project down the line. The token metrics are very favorable for a post-ICO investment. The larger crypto communities haven't picked up on this project just yet, but they will soon. Are we investing?

    We're investing. Lamden's development suite can be game changing in blockchain development. Lamden is a great project with a huge upside. We expect considerable growth from Lamden as it gathers more awareness and hits larger exchanges. However, it could take some time to see growth due to the lack of public knowledge and product development.

    EtherDelta: TAU
    IDEX: TAU TL;DR

    Lamden is building a set of development tools intended to ease the process of creating new blockchains. The goal is to reduce the time to develop and deploy new blockchain technologies. We expect considerable growth from Lamden as it gathers more awareness and hits larger exchanges. However, it could take some time to see growth due to the lack of public knowledge.




    link: http://cryptobutlers.com/lamden/
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