Lithium Finance, a decentralized information oracle answer, introduced right this moment it’s going to host its IDO on Polkastarter on August fifth. Polkastarter is a completely decentralized protocol for launching new concepts. With Polkastater, tasks can increase consciousness, construct a loyal group, and obtain long-term help.
“This comes after the profitable launch of our pre-IDO on Convergence earlier in June. Polkastarter partnered with Lithium Finance on our earlier pre-IDO. We’re happy to collaborate with our buddies at Polkastarter once more for our IDO.”
– The Lithium Finance Group
IDO Sale Particulars
- IDO Date: August fifth, 2021
- Token Ticker: LITH
- Most Whole Provide: 10,000,000,000
- Whole IDO Allocation: 200,000 USD
- Preliminary Market Value: 0.006 USD
Token Allocation by Proportion
The full strategic sale (consisting of the seed spherical and two personal sale rounds) is nineteen% of all tokens. Be aware, funds raised from the IDO will probably be used for expertise growth, group constructing, partnerships, and advertising to construct out Lithium Finance.
Token Unlock and Vesting Schedule
- Seed: 0% unlocked at itemizing. Each day vesting over 1 12 months.
- Strategic Spherical I & II: 20% unlocked at itemizing. Each day vesting over 1 12 months.
- Public: 100% unlocked at itemizing.
- Group: 6 months cliff. Quarterly vesting over 2 years.
- Advisor: 6 months cliff. Quarterly vesting over 2 years.
- Liquidity: 5% unlocked at itemizing. Month-to-month vesting over 5 years.
- Ecosystem: 2% unlocked at itemizing. Month-to-month vesting over 5 years.
- Group: 5% unlocked at itemizing. Month-to-month vesting over 5 years.
IDO Notes
- Solely whitelisted addresses will have the ability to entry the Lithium Finance IDO sale.
- Eligibility standards for the Polkastarter pool may be discovered right here.
- Profitable whitelist candidates might want to move KYC and AML necessities.
- Residents from the next international locations is not going to be eligible to participate within the IDO course of: Botswana, Cambodia, China, Comoros, Ethiopia, Ghana, Iran, Iraq, North Korea, Pakistan, Panama, Seychelles, Sri Lanka, Syria, Thailand, Trinidad & Tobago, Tunisia, USA, and Yemen.
- There will probably be barely extra whitelisted addresses than there are IDO sale spots. Allocation will probably be secured on a first-come-first-served foundation.; further whitelisting addresses are meant for filling up the allotted spots which can be given up.
- KYC emails will probably be despatched by way of Lithium’s official e-mail, [email protected] If receiving any communication earlier than 29/07/2021 asking for KYC or any private data, it’s NOT Lithium Finance.
Lithium Finance is a collective-intelligence pricing oracle to provide exact and well timed pricing on personal, illiquid belongings. It rewards analysts who present truthful data and punishes those that supply false pricing information. Thus, Lithium’s customers receive pricing for all hard-to-value belongings similar to pre-IPO shares, personal fairness, and different illiquid belongings successfully.
