UPDATE: The LDX Burn in now FROZEN. You can now stack with impunity.
Welcome to Proof of Momentum
Today Spartan Node is stoked to announce a hot new idea, Proof of Momentum (PoM). Proof of Momentum is a concept invented by Spartan Node co-founders CaliCryptoCo and Dusty. The concept is very simple, under the PoM model, if a coin stops moving, if it sits in a wallet for too long, if it loses momentum over a certain period of time, it is automatically burned… Permanently. PoM coins have an expiration date.
HODL… HOLD… HOLD this, hodl that… That’s all people talk about nowadays in the crypto game. Spartan Node is here to change all that. We say, DON’T HOLD!
Today we introduce the world’s first Proof of Momentum (PoM) coin, LambdaX (LDX). Proof of Momentum is an idea that drives transactions. An idea that encourages rewarding inspiration. An idea that creates a token that is meant to be traded. A token that’s made to be tipped. A token that wants to be given away. A token that MUST keep moving… Because if it’s not moving, if it loses momentum, it goes away.
This concept creates an extremely deflationary ecosystem, making a PoM token’s rarity and value ever increasing. Proof of Momentum is a concept that is meant to energize the movement of coins, and punish hodling. It’s an idea that spurs giving, and shuns keeping. It’s all about sending and interaction. It’s an anti-hodl coin.
This token concept can be applied anywhere where the focus is on transactions, involvement, interaction and collaboration.
How does LambdaX work?
Once you receive LambdaX into your wallet, the clock starts ticking. You have 2 days (48 hours) to send it to someone else, give it away, tip it to someone, pass it along… whatever. If that LDX sits idle and loses momentum for 2 days, 50% of your stack will be burned. After another 2 days, 50% more is burned. After another 2 days, 50% more is burned… Until it’s all gone. So send someone a tip on telegram, send your girl some, give your homie on twitter a couple.
LambdaX is meant to encourage transactions on the ICX public chain. It is meant to be given to people on twitter for creating great content. It is meant to be passed around to friends until one of them messes up and gets it all burned. LDX was invented to energize ICX transactions and drive inspiration among the ICON community, and that’s what it’s about to do.
How can I buy LambdaX (LDX)?
Sending ICX to the token contract cx66f2ed0663d5aa7efe92ab41b1e0e19ac73007a4 will send you back LDX at a rate of 250 LDX to 1 ICX.
The HODL era is over
Man, you know if Spartan Node is involved, it’s about to be some fire. You down with Spartan Node yet?
Get in… And welcome to the world of momentum.