Seattle-based KaJ Labs Launches LITHO Token Initial DEX (IDO) Offering, Donates $ 5 Million to Ripple’s Legal Defense Fund Against SEC


SEATTLE, August 3, 2021 / PRNewswire / – The future is here and it has arrived in the form of Lithosphere’s native token, Litho (LITHO). Litho’s initial DEX offering will be available on two IDO platforms: DxSale, and Unicrypt start August 9, 2021 at 12:00 UCT until August 16, 2021. Litho is the native Lithosphere coin and it is used to validate all transactions on the Lithosphere network.

The initial offer of tokens is 300,000,000. The presale of the token will represent 5% of the initial offer or 15,000,000 LITHO. The presale will be held on Binance Smart Chain, with the help of two IDO platforms.

Once the main Lithosphere network is launched, the Litho tokens will be used for gas in the Lithosphere network. Litho can be used for payments and staking to improve network security while earning rewards. Litho is also used in network governance, granting Litho owners the right to vote on proposals and make decisions about the future of the Lithosphere network.

In the future, inter- and intra-chain transactions will consume a certain amount of Litho. Litho (LITHO) is the currency of choice in the Lithosphere network, although other cryptos can be used since the Lithosphere blockchain supports interoperability with other blockchains.

The original idea of KaJ Laboratories, the platform is the first blockchain technology to be powered by AI and deep neural networks (DNN) to make smart contracts smart.

Lithosphere adapts Proof of Stake consensus algorithm and uses novel Myriad distributed key management (MDKM) for key management. The public key and the private key are generated by nodes that communicate cooperatively. The public key is broadcast over the public channel, and the private key is stored separately by a myriad of nodes through Variable Secret Sharing (VSS).

In addition to a new LEP100 token standard and a new LinBFT consensus algorithm, Lithosphere will launch several DeFi products, including the Thanos Multi-Currency multi-chain wallet; the LEP100 Token Launchpad – Litho Launchpad; lithosphere blockchain (PoS); and a cross-chain DEX – LithoSwap which will come with NFT support.

Users can also look forward to the JOT NFT platform, an NFT marketplace where users can build and distribute NFT profitably. Products also include FLEEK, a decentralized community-powered blockchain concert platform, as well as LUSD, a cross-chain algorithmic Stablecoin.

The Litho token (LITHO) presale offers investors the opportunity to be part of the future. The Lithosphere platform eliminates the problems inherent in current blockchains. In the future, the products built by the Foundation will not have human interventions. This will allow Lithosphere’s core development team to focus on launching new DeFi products and services.

The KaJ Labs Foundation has a philosophy of social responsibility and will donate $ 5 million to the Ripple Labs legal defense fund against the charges filed by the SEC. Ripple Labs created a network that provided fast and inexpensive transfer of value in the form of XRP cryptocurrency. XRP cryptocurrency paved the way for innovations like Lithosphere.

The SEC claims that the sale of XRP is the offer of an unregistered currency or an illegal IPO. The litigation is now a benchmark case that amply demonstrates the lack of clarity in the regulations surrounding cryptocurrencies.

About the Lithosphere
Lithosphere is a next-generation platform for decentralized cross-chain applications powered by AI and Deep Learning.

About KaJ Laboratories
KaJ Laboratories is a decentralized research organization focused on artificial intelligence and blockchain technology. We are determined to create innovative products that work for the greatest good around the world.

Media inquiries
Juliette N.

E-mail: [email protected]
KaJ Labs Foundation
4730 University Way NE 104- # 175
Seattle, WA 98105
Website: https://kajlabs.com
Website: https://lithosphere.network

THE SOURCE KaJ Laboratories

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