LITH

Lithium Finance priceLITH

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Overview
Analysis

LITH price live data

The current price of Lithium Finance is --, with a 24-hour trading volume of --. In the last 24 hours, the price of Lithium Finance decreased by 10.56%. With a circulating supply of 1,585,893,624 LITH, Lithium Finance's fully diluted market cap stands at --. Currently, Lithium Finance ranks No.285 by market cap. The LITH to price is updated in real-time.

Lithium Finance market information

24h low/high
24h low--
Last price --
24h high--
Heat index ranking
231
Market cap ranking
285
Market cap
--
Favoriting rate
0.24%
All-time high
--
All-time low
--
Initial launch date
08/05/2021
Initial launch price
--
Circulating supply
1,585,893,624 LITH
Market cap at circulating supply
--

About Lithium Finance (LITH)

Lithium is a financial platform that provides accurate pricing information about private and pre-IPO companies by combining a decentralized price oracle system with cryptocurrency incentives. It's also the first platform to price illiquid assets regularly. LITH is the name and ticker symbol of the native ERC-20 token of the platform.


Lithium acts as a platform for collective intelligence where economic incentives are used as an incentive to ensure truthful information is provided. It uses the immutability of Ethereum's global asset rails for the swift transfer of data.


In the Lithium ecosystem, key stakeholders include wisdom nodes or pricing providers who represent experts, such as investors, analysts and brokers with pricing knowledge. Another group of stakeholders is wisdom Queriers or pricing seekers such as finance platforms and crypto projects seeking accurate intelligence to make informed decisions.


Lithium's protocol ensures the privacy of the submitted data. Furthermore, it uses a "dominate truthful peer-prediction" model to uphold the accuracy of its predictions.


Additionally, a proof-of-wisdom staking system ensures that wisdom nodes have legitimate knowledge in their fields. Finally, a multi-party computation (MPC) model is also deployed to maintain the global privacy of information providers.


LITH tokens are primarily used to incentivize Wisdom Node answers and for staking by the same to ensure their legitimacy. Additionally, Lithium provides case studies containing information like a private company's next-round valuation or pricing by a pre-IPO company to help explain its operations to users.


LITH price and tokenomics

LITH has a maximum total supply of 10 billion tokens. On Aug. 5, 2021, the tokens were first distributed via an IDO sale conducted on Polkastarter. The initial price was $0.006, and a cap of $250 per person was enforced.


As a pre-mind token, approximately 19% of the LITH supply was distributed in a seed sale and two strategic rounds. Additionally, 7.5% of tokens went to public sale, 0.8% to public liquidity, and 30% for staking rewards to keep the ecosystem dynamic.


About the founders

Lithium Finance was founded by David Lighton and Steve Derezinski. Lighton, an alumnus of John Hopkins University (Economics) and MIT (MBA), has extensive experience working with fintech.


In Dec.2021, Derezinski stepped down from his role as co-founder and Kelvin Lam was appointed as the CEO of Lithium Finance. Lam holds a Master's Degree in Business Administration from the University of Oxford and previously served as COO for Game Media Asia.


On June 2, 2021, Lithium raised $5 million with Pantera Capital and Hashed, leading the funding round. Other investors include Huobi Ventures, Alameda Research, OKX's Blockdream Ventures, Genesis Block, LongHash, Blockchain Fund and NGC.


In July 2021, the company announced it raised an additional $2.6 million.

Learn more about Lithium Finance (LITH)

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Lithium Finance FAQ

What is LITH?
Lithium Finance is a blockchain-based financial platform that tackles the information asymmetry of pricing data in private markets. LITH is the name and ticker symbol of the ERC-20 token used on the platform.
How does LITH work?
Lithium provides economic incentives to financial experts who join the ecosystem by staking LITH tokens. These experts offer liquidity intelligence about the private market to firms interested in such intelligence. In addition, rewards are provided to those who correctly supply accurate data.
Where can I buy LITH?

You can buy LITH from OKX exchange. OKX offers the LITH/USDT trading pair.


Before you begin trading with OKX, you need to create an account. Then, to trade LITH/USDT, click "Basic trading" under "Trade" on the top navigation bar.


If you do not have USDT, you may buy USDT with your preferred fiat before swapping it for LITH in the trading terminal.