LITH

Lithium Finance price

LITH
USD
USD
$0.0012701
+0.00%
1h
24h
1W
1M
1Y
All

Lithium Finance price live data

The current price of Lithium Finance is $0.0012701. Since 00:00 UTC, Lithium Finance has increased by +0.00%. It currently has a circulating supply of 6,136,010,988 LITH and a maximum supply of 10,000,000,000 LITH, giving it a fully diluted market cap of $7.82M. At present, Lithium Finance holds the 273 position in market cap rankings. The Lithium Finance/USD price is updated in real-time.

Lithium Finance price performance in USD

Time periodChange amount%Chg
Today$0 +0.00%
7 days$0.00000 -0.31%
30 days-$0.00026 -17.16%
3 months$0.000085076 +7.17%

Lithium Finance market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.0012201
Last price $0.0012701
24h high$0.0013291
Heat index ranking
79
Market cap ranking
273
Market cap
$7.82M
Favorited rate
Percentage of users who favorited this asset to all users
0.77%
All-time high
$0.043000
-97.05% (-$0.04173)
Oct 19, 2021 (3 years ago)
All-time low
$0.00022220
+471.59% ($0.0010479)
Oct 20, 2023 (7 months ago)
ICO date
08/05/2021
ICO price
The price at which this crypto was first traded
$0
Circulating supply
The amount of this crypto that is publicly available in the market
6,136,010,988 LITH
Market cap at circulating supply
Market cap = Circulating supply × Last price
$12.75M
Audits
The audit data comes from partners that we have integrated with via API. Our partners conduct security assessments on the provided source code.
CertiK
Last audit: 12/13/2022

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, primarily used to incentivize wisdom node answers and for staking.

Lithium acts as a platform for collective intelligence, where economic incentives are used to ensure truthful information is provided. It uses the immutability of Ethereum for the swift transfer of data.

In the Lithium ecosystem, key stakeholders include wisdom nodes or pricing providers representing 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. A Proof of Wisdom staking system also ensures that wisdom nodes have legitimate knowledge in their fields. Additionally, a multi-party computation (MPC) model is deployed to maintain the privacy of information providers.

LITH price and tokenomics

LITH has a maximum total supply of 10 billion tokens. On August 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-mined token, approximately 19 percent of the LITH supply was distributed in a seed sale and two strategic rounds. Additionally, 7.5 percent of tokens went to public sale, 0.8 percent to public liquidity, and 30 percent 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 in fintech.

In December 2021, Derezinski stepped down from his role as co-founder, and Kelvin Lam was appointed 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, Genesis Block, LongHash, Blockchain Fund, and NGC.

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

LITH FAQ

What is Lithium Finance?

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 Lithium Finance work?

Lithium Finance offers economic incentives to financial experts who become part of the ecosystem. These experts provide valuable intelligence and insights about the private market to firms seeking such information. In return, they are rewarded for their contributions when they supply accurate and reliable data. Through this system, Lithium Finance aims to bridge the information gap and enhance decision-making processes in the financial industry by harnessing the collective knowledge of its community of experts.

Where can I buy LITH?

Easily buy LITH tokens on the OKX TR cryptocurrency platform. OKX TR’s spot trading terminal includes the LITH/USDT trading pair.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for LITH with zero fees and no price slippage by using OKX TR Convert.