Categories: Uncategorized

Lithium Finance to host IDO on Polkastarter to build out data oracle solution

Lithium Finance, a decentralized data oracle solution, announced today it will host its IDO on Polkastarter on August 5th. Polkastarter is a fully decentralized protocol for launching new ideas. With Polkastater, projects can raise awareness, build a loyal community, and receive long-term support.

“This comes after the successful launch of our pre-IDO on Convergence earlier in June. Polkastarter partnered with Lithium Finance on our previous pre-IDO. We are pleased to collaborate with our friends at Polkastarter again for our IDO.”
– The Lithium Finance Team

IDO Sale Details

  • IDO Date: August 5th, 2021
  • Token Ticker: LITH
  • Maximum Total Supply: 10,000,000,000
  • Total IDO Allocation: 200,000 USD
  • Initial Market Price: 0.006 USD

Token Allocation by Percentage

The total strategic sale (consisting of the seed round and two private sale rounds) is 19% of all tokens. Note, funds raised from the IDO will be used for technology development, community building, partnerships, and marketing to build out Lithium Finance.

Token Unlock and Vesting Schedule

  • Seed: 0% unlocked at listing. Daily vesting over 1 year.
  • Strategic Round I & II: 20% unlocked at listing. Daily vesting over 1 year.
  • Public: 100% unlocked at listing.
  • Team: 6 months cliff. Quarterly vesting over 2 years.
  • Advisor: 6 months cliff. Quarterly vesting over 2 years.
  • Liquidity: 5% unlocked at listing. Monthly vesting over 5 years.
  • Ecosystem: 2% unlocked at listing. Monthly vesting over 5 years.
  • Community: 5% unlocked at listing. Monthly vesting over 5 years.

IDO Notes

  • Only whitelisted addresses will be able to access the Lithium Finance IDO sale.
  • Eligibility criteria for the Polkastarter pool can be found here.
  • Successful whitelist applicants will need to pass KYC and AML requirements.
  • Citizens from the following countries will not be eligible to take part in the IDO process: Botswana, Cambodia, China, Comoros, Ethiopia, Ghana, Iran, Iraq, North Korea, Pakistan, Panama, Seychelles, Sri Lanka, Syria, Thailand, Trinidad & Tobago, Tunisia, USA, and Yemen.


Read More

News Bot

Published by
News Bot

Recent Posts

Vettel at risk of Hungarian GP disqualification over F1 fuel sample

Vettel finished second at the Hungaroring after rising up the order early on following the…

42 mins ago

Grand Prix race results: Ocon wins wild Hungarian GP F1

The race was red flagged after an opening-corner pileup, when Valtteri Bottas locked up and…

42 mins ago

Verstappen rues “freak moments” that cost him F1 points lead

On a damp track a slow starting Valtteri Bottas lost control of his Mercedes and…

42 mins ago

Red Bull fears another F1 engine loss after Perez’s Hungary smash

Perez was collected by the out-of-control Mercedes of Valtteri Bottas at the Hungaroring's first corner,…

42 mins ago

Wolff stands by decision to not pit Hamilton before F1 restart

Rain showers in the lead up to lights out meant the entire field started the…

42 mins ago

2020 Olympics betting: Your guide to the women’s soccer semifinals

Can the United States and Sweden both advance as favorites?

42 mins ago