Lithium PriceLITH

What is Lithium (LITH)?

Lithium (LITH) is the native token of Lithium Finance, a decentralised finance protocol designed to build collective intelligence for pricing assets that are traditionally difficult to value. The project positions itself as a collective-intelligence oracle, combining artificial intelligence with the wisdom of crowds to improve the accuracy and accessibility of pricing for unpriced or illiquid assets. LITH is an ERC20 token issued on the Ethereum platform, with a total supply of 10,000,000,000 tokens and 18 decimal places. Lithium was listed on 20 June 2021. Its public sale ended on 5 August 2021, alongside an IDO on Polkastarter and an IEO on KuCoin, with the token generation event concluding on 5 August 2021. The public sale (ICO) ended on 5 August 2021 and raised $480,000 at a price of $0.006 per LITH, with 80 million LITH (0.80% of supply) allocated to the round and 100% unlocked at listing. Circulating supply is 5,242,220,240 LITH out of a total supply of 10,000,000,000 LITH, with the remainder subject to vesting schedules.

Key Specifications & Tokenomics

• Name: Lithium (Lithium Finance)
• Ticker/Symbol: LITH
• Blockchain/Platform: Ethereum (ETH)
• Token Standard: ERC20
• Smart Contract Address: 0x188e817b02e635d482ae4d81e25dda98a97c4a42
• Decimal Places: 18
• Total Supply: 10,000,000,000 LITH
• Circulating Supply: 5,242,220,240 LITH
• Max Supply: 10,000,000,000 LITH (per Crypto.com); CoinMarketCap lists max supply as not applicable.
• Public Sale Pre-Valuation: $60 million (per ICO Drops)
• Total Raise: $8.01M
• Category: Cross-Chain Infrastructure, AI & Big Data, Collectibles & NFTs, Ethereum Ecosystem, Oracle
• Official Website: https://lith.finance/
• Whitepaper/Docs: https://docs.lith.finance/overview/what-is-lithium-finance
• Explorer: etherscan.io
• CertiK Rating: 3.7

Who created Lithium (LITH)?

The founders of Lithium Finance are David Lighton and Steve Derezinski. Lithium Finance is a seed-stage company based in Hong Kong (China), founded in 2021 by David Lighton and Steve Derezinski. The project attracted backing from a broad set of venture investors. Funding was raised across four rounds, all completed in Q2 2021: a seed round of $1,350,000 at $0.003 per token (450 million LITH, 4.50%), Strategic Round 1 of $2,800,000 at $0.004 (700 million LITH, 7.00%) and Strategic Round 2 of $3,375,000 at $0.0045 (750 million LITH, 7.50%), plus the public sale of $480,000. Total raised was $8.01 million across five completed rounds. Round pricing ranged from $0.003 per LITH in the seed round to $0.006 in the public sale; strategic rounds were priced at $0.004 and $0.0045, with 20% unlocked at listing and the remainder vesting daily over one year. The project's investor list includes Pantera Capital, Hashed, NGC Ventures, LongHash Ventures, GBV Capital, Alameda Research, AU21 Capital, FBG Capital, Shima Capital, ZBS Capital, Kyros Ventures, Gate.io and DuckDAO, among others.

How does Lithium (LITH) work?

Lithium Finance operates as a DeFi protocol that harnesses collective intelligence to price assets that lack reliable market valuations. The protocol integrates artificial intelligence with crowd-sourced forecasting to generate pricing signals for unpriced assets. Chain Broker describes Lithium as a collective-intelligence oracle with its own predicting technology. The security model is built on self-custody, meaning token holders retain full control over their assets without relying on intermediaries to manage their holdings. This reduces the risk of unauthorised access and asset mismanagement, though it also places responsibility on users to safeguard their account credentials. The protocol is deployed on Ethereum as an ERC20 token, and its smart contract infrastructure is verifiable on Etherscan. LITH serves as the economic unit that powers the protocol's pricing and incentive mechanisms.

What makes Lithium (LITH) unique and valuable?

Lithium Finance differentiates itself through its focus on pricing the unpriced, a niche that addresses a genuine gap in decentralised finance. By combining AI with collective intelligence, the protocol aims to unlock new opportunities for investors and improve the efficiency of investment management. Its positioning as a collective-intelligence oracle sets it apart from conventional price feed oracles that rely on external market data. The project's backing from prominent venture firms, including Pantera Capital and Hashed, provides credibility and network access. As of the latest available snapshot, LITH trades on 27 active markets with negligible 24-hour volume, and its market capitalisation is well below $5 million. The protocol's mission to transform investment management through advanced technologies gives it a distinct narrative within the AI and oracle sectors.

What is Lithium (LITH) used for?

LITH functions as the native utility token of the Lithium Finance ecosystem. It is used to power the protocol's collective-intelligence pricing mechanisms, incentivise participation, and facilitate the valuation of unpriced assets. The token operates on the Ethereum blockchain as an ERC20 asset, making it compatible with a wide range of decentralised applications and wallets. LITH also serves as a means of running data through a decentralised network for financial transactions, aligning with the broader development of Web 3.0. Token holders can use LITH within the protocol's ecosystem to engage with its pricing and forecasting features. The token's distribution includes allocations for community rewards, liquidity provision, ecosystem development, and team incentives, all of which are subject to vesting schedules that govern the release of tokens over time.

How Is the Lithium (LITH) ecosystem developing?

The Lithium Finance ecosystem has been developing through a structured token distribution and vesting plan. Token unlocks follow the project's vesting schedules, which cover seed, strategic, public, team, community, liquidity, advisor and ecosystem allocations and release tokens over time. The project completed its ICO in August 2021 through Polkastarter and KuCoin Spotlight, raising a combined total of approximately $662,971.20. Lithium Finance has appeared in numerous market reports and rankings, including top daily gainers lists, popular projects among whales, and projects with market capitalisations under $5 million and between $5 million and $10 million. These appearances span from early 2022 through mid-2023, indicating ongoing market presence. The protocol continues to advance its mission of building collective intelligence for pricing unpriced assets, with its documentation and website serving as public resources for the community.

How to mine Lithium (LITH)?

Lithium (LITH) is an ERC20 token on the Ethereum blockchain and is not mined through traditional proof-of-work mechanisms. There is no mining process for LITH, as it is a pre-mined token with a fixed total supply of 10 billion units. Instead of mining, tokens are distributed through vesting schedules, community rewards, liquidity provisions, and ecosystem allocations. The vesting structure includes seed, strategic, public, team, community, liquidity, advisor, and ecosystem categories, each with its own release schedule. For example, the seed round had 0% unlocked at listing with daily vesting over one year, while the public round was 100% unlocked at listing. Community and liquidity allocations follow their own vesting schedules, releasing tokens over time after the token generation event. Users who wish to acquire LITH typically do so through supported trading platforms or by participating in the ecosystem's reward programs.

How to keep your Lithium (LITH) Coin safe?

Keeping LITH tokens safe begins with understanding the self-custody model that Lithium Finance employs. Because the protocol empowers holders with full control over their assets, users are not dependent on intermediaries to manage their holdings, which significantly reduces the risk of unauthorised access and asset mismanagement. However, this autonomy comes with the responsibility of safeguarding account details. Self-custody removes reliance on intermediaries, but it does not eliminate risk: losing your private key or seed phrase means permanent loss of funds, and approving malicious contracts can drain your wallet. Always verify the contract address 0x188e817b02e635d482ae4d81e25dda98a97c4a42 before interacting. Users should store their LITH tokens in a secure Ethereum-compatible wallet and protect their private keys and seed phrases with the utmost care. Since LITH is an ERC20 token, it can be stored in any wallet that supports the Ethereum standard. It is advisable to conduct thorough research before interacting with any platform, to verify smart contract addresses, and to remain vigilant against phishing attempts and unauthorised access. As with any cryptocurrency investment, the volatile nature of digital assets means that informed decisions based on comprehensive analysis are essential.