Question 1

What is the current price of Lamden (TAU)?

Accepted Answer

As of data update, Lamden (TAU) is currently standing at a price of XRP 0.00163986. The price has increased by +0.00%% in the past 24 hours with a trading volume of 250.6.

Question 2

What Is Lamden (TAU)?

Accepted Answer

Lamden is a unique blockchain platform developed for the rapid creation and use of decentralized applications (dApps). The platform leverages Python as a primary language, which allows it to be incredibly performant and offers an enormous pool of developers familiar with the language. It claims to remove technical hurdles and simplifies the creation of dApps, shortening the time to market and fostering innovation.

Question 3

Who created Lamden?

Accepted Answer

While no specific identities are made public, Lamden is developed and managed by a team of skilled developers, engineers, and entrepreneurs. The team is highly passionate about making the use and creation of decentralized applications easy and accessible for everyone.

Question 4

How does Lamden work?

Accepted Answer

In a nutshell, Lamden works as an open-source, developer-focused platform. The platform is Python based and built from the ground up to eliminate complex technical barriers. This approach aims to empower developers to produce their dApps rapidly. Furthermore, 90% of each transaction fee on this platform is returned to the app creator, which promotes an incentive-driven development ecosystem.

Question 5

What distinguishes Lamden from other cryptocurrencies?

Accepted Answer

There are a few key things that set Lamden apart. Firstly, Lamden is one of the few Python-based, layer-1 blockchain platforms. Its use of Python, which is widely taught and used, puts it ahead by offering a well-known, comprehensible programming language for developers. Secondly, the Lamden platform proposes a unique transaction fee distribution model where 90% of each transaction fee is returned to the dApp creator. Lastly, the platform's token, $TAU, has a deflationary mechanism with 1% of each transaction burned reducing the total supply over time.

Question 6

What is $TAU's role on Lamden Platform?

Accepted Answer

$TAU is Lamden's native token and it plays a major role within the platform. The platform’s unique economics revolve around $TAU serving as an incentive to reward participants for their efforts. $TAU has a maximum supply of 248 million and uses a deflationary model, meaning 1% of each $TAU transaction is burned. As a result, the supply of $TAU decreases over time.

Question 7

How much Lamden (TAU) is currently circulating?

Accepted Answer

As per the latest data, the current circulating supply of Lamden (TAU) is 150.8M.

Question 8

What is the total supply of Lamden (TAU)?

Accepted Answer

The maximum supply of Lamden (TAU) is 248 million.

Question 9

What is the market cap of Lamden (TAU)?

Accepted Answer

The market cap of Lamden (TAU) is XRP 0.2M, positioning it at rank #2460 in the cryptocurrency market.

Question 10

Where can you buy Lamden (TAU)?

Accepted Answer

You can purchase Lamden (TAU) from IDEX, HitBTC, BigONE, Bibox.

Question 11

How to ensure the safety of your Lamden tokens?

Accepted Answer

To ensure the safety of your Lamden tokens, you should prefer to use secured wallets for storage. Remember to keep your wallet's password private and not share it with anyone. Regularly update your wallet software, be wary of phishing attempts, and always double-check the addresses when initiating a transaction.

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