PERCENTAGE OF CRITERIA VOTES ALLOTS WEIGHT RANKING ON SCALE OF 1 TO 10
⇒
ESG SCORE = ((SCORE A X 20) X WEIGHT A) + ((SCORE B X 20) X WEIGHT B) + ((SCORE C X 20) X WEIGHT C)
100
This whitepaper proposes a standardized framework for the creation and management of multiple NFT collections, enabling numerous utilities and ease of use for both creators and consumers.
A brave new world is dawning, and LITH Token will be the fuel that powers it. Decentralizing a cleaner future through cryptocurrency.
3.1.1 SMART CONTRACTS
3.1.2 DECENTRALIZATION
3.1.3 FUNGIBLE & NON-FUNGIBLE
3.1.4 SECURITY/ENCRYPTION
3.1.5 PEER-TO-PEER TRANSACTIONS
3.1.6 SUPPLY CHAIN TRANSPARENCY
3.3.1 GENERATING AND MAINTAINING DIGITAL TOKENS ON A BLOCKCHAIN USING PHYSICAL IDENTIFIERS
PHASE 1 – EARLY-STAGE PREPARATION
PHASE 2 – TOKEN LAUNCH
PHASE 3 – TOKEN LAUNCH 2.0
PHASE 4 – MARKETPLACE & BLOCKCHAIN HUB
PHASE 5 – LITH ESG API
PHASE 6 – CEMENTING THE FULL LITH ECOSYSTEM
TICKER SYMBOL: LITH
(old) TOKEN CONTRACT (ERC20): 0XF8A4A419C2D7140E49EF952A7E7AE1BD4A8B6B92
(old) BSC BRIDGED TOKEN CONTRACT: 0x747d9ba770d2fb035bc2350ea3c637fd10d6607f
MINIMUM REQUIREMENTS FOR LITx:
ERC-20 STANDARD: https://ethereum.org/en/developers/docs/standards/tokens/erc-20/
UNISWAP PROTOCOL: https://docs.uniswap.org/protocol/V2/introduction
UNISWAP INTEGRATION: https://docs.uniswap.org/protocol/V2/guides/smart-contract-integration/quick-start
POST MIGRATION ECOSYSTEM:
V2 ERC-20 TICKER SYMBOL: LITx
ERC-1155 CONTRACT NAME: LITHplus
GITHUB: https://github.com/
THE LITH TOKEN (ERC-20 & ERC-1155) WILL BE THE CRYPTOCURRENCY OF CHOICE FOR SUSTAINABLE AND SOCIALLY CONSCIOUS BUSINESSES TO THRIVE. LITH UTILIZES BLOCKCHAIN TECHNOLOGY TO CREATE AN ENVIRONMENT WHERE ALL INDIVIDUALS AND ORGANIZATIONS WITHIN AN ECOSYSTEM ARE INCENTIVIZED TO WORK TOGETHER TOWARD A COMMON GOAL: CREATING A BETTER WORLD THROUGH DECENTRALIZATION AND ACCOUNTABILITY IN BUSINESS.
WE’LL SEE A COMPLETE TRANSFORMATION OF OUR WORLD AS BLOCKCHAIN TECHNOLOGY AND CRYPTOCURRENCIES COME TO DOMINATE EVERY ASPECT OF OUR LIVES.
LITH IS A DIVERSE TEAM OF EXPERTS WITH EXPERIENCE IN VARIOUS FIELDS INCLUDING TECHNOLOGY, BUSINESS, FINANCE AND LAW. OUR GOAL IS TO CREATE OPPORTUNITIES FOR INDIVIDUALS AND BUSINESSES THAT HAVE THE POTENTIAL TO SCALE ON AN INTERNATIONAL LEVEL WHILE REMAINING SOCIALLY AND ENVIRONMENTALLY CONSCIOUS. AS MORE COUNTRIES ACROSS THE GLOBE ARE ADOPTING ENVIRONMENTAL SOCIAL GOVERNANCE MODELS (ESG), LITH MERCHANTS WILL BE ABLE TO ACCESS ONE GLOBAL DECENTRALIZED NETWORK WHICH WILL PROVIDE THEM WITH NEW POSSIBILITIES – A MARKET OF ENDLESS OPPORTUNITY STRETCHING BEFORE US EVERY DAY AS WE GROW TOGETHER!
LITH WILL REVOLUTIONIZE THE MODEL FOR ENVIRONMENTAL AND SOCIAL GOVERNANCE. BY CREATING A PLATFORM TO MEET GROWING DEMAND FOR INTEGRITY IN COMMERCE. LITH UNITES ALL ASPECTS OF PRODUCTION: FINANCE, RESOURCE GATHERING, MANUFACTURING AND DISTRIBUTING BY INTEGRATING BLOCKCHAIN ACCOUNTABILITY. ADDITIONALLY, BY INTRODUCING TOKENS THAT CARRY INHERENT VALUE ON THE MARKET – THIS MOVEMENT COULD POTENTIALLY CHANGE HOW PEOPLE INTERACT WITH THEIR MONEY ALTOGETHER! IT CAN BE SETUP IN TWO YEARS THANKS TO LARGE SOFTWARE DEVELOPMENT NEEDED AS WELL AS SERVER ENGINEERING THAT MUST FIRST BE FINANCED, DEVELOPED AND IMPLEMENTED.
WYOMING’S HOUSE OF REPRESENTATIVES PASSED A BILL THAT “DEFINED UTILITY TOKENS.” CRYPTOCURRENCY AND BLOCKCHAIN ADVOCATE CAITLIN LONG, CO-FOUNDER OF THE WYOMING BLOCKCHAIN COALITION, WAS THE LOBBYIST BEHIND MUCH OF THIS LEGISLATION WHICH HELPED MAKE HER STATE ONE OF AMERICA’S PRO-CRYPTO HUBS IN 2018 FOLLOWING SEVEN OTHER BILLS BEING PASSED TO ACKNOWLEDGE DIGITAL CURRENCY AS LEGAL FORM FOR CAPITAL.
LITH LLC & LITH ESG FOUNDATION WILL BE FOUNDED BY A TEAM OF EXPERTS, AND THE BASE OF THE ORGANIZATIONS WILL BE LOCATED IN CHEYENNE, WYOMING. THE TEAM WILL APPLY FOR THE LEGAL RIGHT TO PHYSICALLY OPERATE AS AN ORGANIZATION BY NOVEMBER 2021.
ESG REPORTING COMPLIANCE IS ON THE RISE BECAUSE OF INCREASED SHAREHOLDER INTEREST AND GOVERNMENT POLICIES THAT INTEND TO MITIGATE CLIMATE CHANGE. FORBES REPORTS A QUARTER OF U.S. INVESTMENTS ARE NOW IN ESG COMPANIES, ACCOUNTING FOR 12 TRILLION DOLLARS AS IT BECOMES MORE MAINSTREAM. AS ESG CONTINUES TO BE ACCEPTED BY MANY CORPORATIONS, THEY WILL FACE PRESSURE FROM REGULATORS AND STAKEHOLDERS WHO WANT THEIR DATA STANDARDIZED – THUS MAKING IT EASIER TO COMPARE ACROSS INDUSTRIES. LITH HAS ALREADY BEGUN TO STANDARDIZE DATA FOR ESG REPORTING AND IS NOW WORKING ON DEVELOPING A PLATFORM WHICH WILL MAKE IT EASIER FOR COMPANIES TO TRACK AND REPORT THEIR SUSTAINABILITY REPORTS.
(1ST) LITH ESG MARKETPLACE
A MARKETPLACE FOR CONSUMERS AND BUSINESSES TO EXCHANGE LITH TOKEN FOR CERTIFIED PRODUCTS WHICH HAVE ESG INFORMATION READILY AVAILABLE ON THE BLOCKCHAIN.
(2ND) LITH ESG BLOCKCHAIN HUB
THE CENTRAL LOCATION AND ACCESS POINT FOR CONSUMERS & BUSINESSES TO EXCHANGE, ISSUE & AUDIT TOKENS & THE INFORMATION STORED ON THEM.
(3RD) LITH ESG DATABASE API
PRODUCERS, TRANSPORTERS, MERCHANTS & SUPPLIERS ARE PROVIDED A CUSTOMIZED ACCESS POINT TO CONNECT TO THE BLOCKCHAIN HUB IN ORDER TO HAVE THEIR ESG INFORMATION INTEGRATED WITH THE BLOCKCHAIN.
83% OF CONSUMERS THINK COMPANIES SHOULD BE ACTIVELY SHAPING ESG BEST PRACTICES.*
91% OF BUSINESS LEADERS BELIEVE THEIR COMPANY HAS A RESPONSIBILITY TO ACT ON ESG ISSUES.*
86% OF EMPLOYEES PREFER TO SUPPORT OR WORK FOR COMPANIES THAT CARE ABOUT THE SAME ISSUES THEY DO.*
*PWC.COM 2021 CONSUMER INTELLIGENCE SERIES SURVEY ON ESG
LITH TOKEN IS A CRYPTOCURRENCY THAT ENABLES COMPANIES TO REWARD EMPLOYEES & CONSUMERS FOR POSITIVE ENVIRONMENTAL IMPACT. IT’S THE FIRST TOKEN ON THE BLOCKCHAIN WHICH ALIGNS THE ECONOMIC INCENTIVES WITH ESG BEST PRACTICES. WE BELIEVE THIS WILL HELP CLOSE THE GAP BETWEEN CONSUMER EXPECTATIONS & BUSINESS ACTIONS.
LITH TOKEN IS A CRYPTOCURRENCY THAT INVOKES STRONG MARKET CAPITALIZATION & LIQUIDITY. LITH TOKEN CAN BE EXCHANGED FOR THINGS ONLINE OR AS ESG CREDITS IN THE FUTURE WHERE IT WILL BE EXCHANGEABLE WITHIN ALL PARTS OF THIS ECOSYSTEM, VIA OUR SECURE WALLET. LITH TOKEN AUTOMATIC MINTING OF NON-FUNGIBLE TOKENS (NFT’S) WILL ALSO TAKE PLACE ON THE BLOCKCHAIN HUB AS PART OF THE SUPPLY CHAIN AUTHENTICATION. LITH TOKENS WILL EVENTUALLY ALLOW CONVERSION TO MANY OTHER CURRENCIES, ALL WITHIN THE TOKEN’S SECURE WALLET ON ITS OWN BLOCKCHAIN-POWERED PLATFORM. THE WALLET WILL BE INTEGRATED WITH ALL ASPECTS OF THE LITH ECOSYSTEM, SO AS TO AUTOMATICALLY REWARD ESG CONSUMERS AND BUSINESSES FOR BEING ENVIRONMENTALLY & SOCIALLY CONSCIOUS, AS WELL AS FOR ENGAGING OTHERS WITHIN THE COMMUNITY.
ESG, OR ENVIRONMENTAL, SOCIAL, AND GOVERNANCE IS A RATINGS SYSTEM EMPLOYED BY MANY COMPANIES TO DETERMINE THE ETHICAL VALUES OF AN ENTERPRISE WITHIN AND OUTSIDE OF ITS ORGANIZATION. ES-RATED COMPANIES ARE SAID TO BE MORE RESPONSIBLE ENVIRONMENT STEWARDS WHILE ALSO HAVING STRONG ETHICAL PRACTICES THAT ENCOURAGE GIVING BACK TO SOCIETY. RESEARCH HAS SHOWN THAT BUSINESSES WHO HAVE STRONG ENVIRONMENT, SOCIAL AND GOVERNANCE FACTORS TEND TO BE MORE PROFITABLE AND SEE GREATER LONG-TERM GROWTH PROSPECTS. ESG RATINGS GIVE INVESTORS, BUSINESSES AND CONSUMERS DATA POINTS THEY CAN USE TO MAKE INFORMED DECISIONS ABOUT WHICH COMPANIES AND PRODUCTS TO PURCHASE AND DO BUSINESS WITH. THE ENVIRONMENTAL, SOCIAL AND GOVERNING FACTORS THAT MAKE UP THE ESG RATINGS ARE DIVIDED INTO SEVENTY-SIX DIFFERENT METRICS. THROUGH A CENTRALIZED SCORING SYSTEM, THESE THREE MAJOR COMPONENTS OF ESG RATINGS HAVE BEEN CATEGORIZED TO GIVE COMPANIES AND INVESTORS AN IDEA OF HOW WELL THEIR COMPANY OR INVESTMENT FARES ON EACH METRIC. CONSUMERS WHO PURCHASE PRODUCTS FROM ESG COMPANIES ARE ALSO REWARDED WITH A BETTER PRODUCT AS THEY KNOW THAT THE ENVIRONMENT, SOCIAL AND GOVERNANCE FACTORS THAT WERE USED TO EVALUATE THE COMPANY AND THEIR PRODUCT ALIGN WITH THEIR BELIEFS. WHILE THIS INFORMATION IS NOT GENERALLY KNOWN TO CONSUMERS, MANY BUSINESSES HAVE BEEN USING IT BEHIND THE SCENES FOR YEARS TO DETERMINE WHICH BUSINESSES ARE MORE ETHICAL THAN OTHERS. LITH TOKEN WILL DECENTRALIZE THE SCORING SYSTEM.
EXISTING ESG RATINGS SYSTEMS ARE VERY INEFFICIENT AND BASED ON SUBJECTIVE OPINIONS, NEGATIVELY IMPACTING THE RATINGS THEMSELVES AND THE COST OF OBTAINING RATINGS. BLOCKCHAIN-BASED RATINGS CAN ELIMINATE THESE NEGATIVE IMPACTS WHILE MAKING RATINGS CHEAPER, FASTER AND MORE ACCESSIBLE FOR ALL ORGANIZATIONS WISHING TO OBTAIN RATINGS WHICH ARE VERIFIABLE BY INDEPENDENT RATINGS ORGANIZATIONS. GIVEN NO OTHER RATINGS PROVIDER HAS IMPLEMENTED RATINGS FOR THEIR CLIENTS IN A TRULY DECENTRALIZED BLOCKCHAIN-BASED MANNER, WHICH IS A UNIQUE OPPORTUNITY TO BECOME THE DOMINANT RATINGS PROVIDER AND IMPROVE RATINGS.
LITH TOKEN WILL IMPLEMENT A DECENTRALIZED GOVERNING MODEL IN DECIDING COMPANIES’ ESG RATINGS BY USING A VOTING SYSTEM, WHERE EACH VOTE IS RECORDED ON THE BLOCKCHAIN AND CHECKED AGAINST THE ECOSYSTEM’S IMMUTABLE KYC DATABASE. BLOCKCHAIN-BASED RATINGS PROVIDE AN UNBIASED VIEW OF RATINGS ON A COLLECTIVE DATA SET WHICH CAN BE USED TO IMPROVE RATINGS THROUGH UNIFIED IMPROVEMENT EFFORTS. GIVEN NO OTHER PROVIDER HAS IMPLEMENTED THIS TYPE OF DECENTRALIZED SYSTEM YET – LITH TOKEN IS POSITIONED WITH AN OPPORTUNITY TO HAVE A FIRST MOVER ADVANTAGE WITH UNLIMITED POTENTIAL!
PERCENTAGE OF CRITERIA VOTES ALLOTS WEIGHT RANKING ON SCALE OF 1 TO 10
⇒
ESG SCORE = ((SCORE A X 20) X WEIGHT A) + ((SCORE B X 20) X WEIGHT B) + ((SCORE C X 20) X WEIGHT C)
100
LITH ESG MARKETPLACE WILL HAVE A REVIEW SYSTEM IN PLACE TO CREATE AN ESG SCORE FOR ALL PRODUCTS AND SERVICES, WHICH CAN THEN BE ASSESSED THROUGH RANKING BASED OFF STANDARDS SURVEYS – MAKING IT EASY FOR CONSUMERS AND BUSINESSES ALIKE WHO WANT PEACE OF MIND THAT THEY’RE DOING BUSINESS RESPONSIBLY. THE API INTEGRATION WITH BLOCKCHAIN HUB CREATES A SEAMLESS MARKETPLACE WHERE YOU’LL KNOW YOUR INFORMATION IS SAFE FROM THIRD-PARTY HACKING OR FRAUD ATTEMPTS WHILE STILL BEING ABLE TO MAKE INFORMED DECISIONS ABOUT WHAT’S SUSTAINABLE WITHOUT COMPROMISING PRIVACY. THIS ALLOWS EVERYONE ON BOTH SIDE OF THE TABLE EQUAL ACCESS AS WELL AS TRANSPARENCY SO THERE’S NEVER ANY CONFUSION WHEN CONDUCTING TRANSACTIONS ONLINE.
THE LITH ESG MARKETPLACE (SHOPLITH) WILL PROVIDE A PLATFORM FOR INDIVIDUALS AND ALL SIZES OF BUSINESSES TO SELL PRODUCTS AND SERVICES, DISPLAY BLOCKCHAIN VERIFIED ESG RATINGS, AND DISPLAY PRODUCT AND SERVICES INFORMATION FROM THE ENTIRE SUPPLY CHAIN.
TO UTILIZE THIS PLATFORM, VENDORS MUST MAINTAIN A MINIMUM BALANCE OR TOKENS OF LITH (BASED ON USD VALUE). THIS TIERED COMMISSION SYSTEM ENSURES THAT THOSE WITH LARGER BALANCES PAY LESS FEES – HOLDING <$1K IN LITH ENABLES LISTINGS AT 10% commission on sales; $1k-$4.9999k = 8%; $5k+ = 5%.
SHOPLITH IS DESIGNED TO ENCOURAGE A CYCLICAL REWARDS SYSTEM BETWEEN CONSUMERS AND MERCHANTS, ALLOWING SHOPPERS TO BE REWARDED IN THE LITH MARKETPLACE AS WELL. FOR EVERY REVIEW OR SUBSTANTIAL ENGAGEMENT MADE, CONSUMERS ARE AWARDED A SMALL AMOUNT OF CRYPTOCURRENCY-BASED REWARD CURRENCY TO USE ON THEIR NEXT VISIT.
THE NEW BLOCKCHAIN-BASED REWARDS SYSTEM INCENTIVIZES SHOPPERS FOR ENGAGING WITH MERCHANTS AND WRITING REVIEWS AS WELL AS ENGAGING WITH OTHER CONSUMERS. THIS IS DONE BY ALLOWING THEM ACCESS TO EXCLUSIVE DISCOUNTS IF THEY HAVE HELD AT LEAST $1000 USD WORTH OF LITH TOKEN AS WELL AS GIVING THEM SPECIAL PRIVILEGES SUCH AS PURCHASING FROM “HOT LIST” PRODUCTS BEFORE OTHERS HAVE THE OPPORTUNITY.
SHOPLITH PROVIDES AN OPPORTUNITY FOR CREATORS, INDIVIDUALS, AND BUSINESSES ALIKE TO BUY, SELL AND TRADE PHYSICAL GOODS WITH ESG DATA ATTACHED.
USERS WILL HAVE THE OPTION TO BUY, SELL AND TRADE ‘NOT RATED’ AND DIGITAL ONLY PRODUCTS AS NFT’S, AS WELL.
LITH ESG API WILL BE A SERVER-SIDE FRAMEWORK DESIGNED TO INTEGRATE WITH THE LITH ECOSYSTEM VIA A BLOCKCHAIN ORACLE. THE API ALLOWS BUSINESSES TO STORE THIRD PARTY DOCUMENTS, ANALYSIS REPORTS, ETC, WHICH ARE THEN STORED IN AN IMMUTABLE DATABASE AS THEY AWAIT VALIDATION BY THE USER. IN ADDITION, IT WILL ALLOW VENDORS TO ISSUE ERC-1155 NFT’S LINKED TO THEIR ESG REPORTING INITIATIVES WITHIN THE LITH ECOSYSTEM, THUS BRINGING TRANSPARENCY TO THEIR ESG REPORTING.
THE API INCLUDES AN API-SPECIFIC SMART CONTRACT, WHICH WILL OFFER BUSINESSES A SCALABLE METHOD TO SUBMIT DATA THROUGH AN APPLICATION PROGRAMMING INTERFACE (API). API USERS WILL GAIN THE ABILITY TO UTILIZE ESG DATA IN THEIR API ACTIONS.
WHILE THIS API IS INTENDED FOR BUSINESSES, IT COULD BE USED BY ANY INDIVIDUAL WITH AN API KEY IF THEY WERE INTERESTED IN USING ESG DATA AS PART OF ANY OTHER ACTION API INTEGRATION SUCH AS A KYC API.
THE API FRAMEWORK WILL ENABLE USERS TO INTEGRATE THE LITH ESG API WITH ANY SOFTWARE/DATA PROCESSING THEY USE, SUCH AS A CRM OR ERP SYSTEM IN ORDER TO HAVE ALL OF THEIR DATA AND API CALL ACTIONS BE ESG RELATED. THE API WILL BE STRUCTURED SO THAT IT WORKS WELL WITHIN EXISTING PROGRAMS IN MULTIPLE INDUSTRIES AND SECTORS – INCLUDING BUT NOT LIMITED TO – MINING, PRODUCTION, FINANCE, INFORMATION TECHNOLOGY, TELECOMMUNICATIONS AND THE PUBLIC SECTOR.
ERC-1155 IS AN INEXPENSIVE WAY TO HANDLE TRANSACTIONS ON A BLOCKCHAIN. IT OFFERS SEVERAL FEATURES THAT ARE DESIGNED SPECIFICALLY FOR USE IN CRYPTOCURRENCY WORLD, SUCH AS ATOMIC SWAPS AND TIME LOCKS.
ERC-1155 TOKENS CAN BE USED TO STACK SMART CONTRACTS TOGETHER, THAT CAN BE UTILIZED IN COMBINATION WITH CRON JOBS. MUCH LIKE A CRON JOB, THIS IS ADVANTAGEOUS BECAUSE IT ALLOWS FOR MORE ACCURATE AND EFFICIENT CODING IN THE FUTURE WITH AUTOMATIC TRIGGERING OF PROGRAMS BASED ON PREDETERMINED CRITERIA.
WITH DECENTRALIZATION, COORDINATING WORK AND KEEPING ALL ACTIVITIES ON TRACK IS VERY EFFICIENT. SINCE THE DECISION-MAKING AUTHORITY IS CLOSER TO USERS WITHIN THE LITH ECOSYSTEM, QUICKER DECISIONS CAN BE MADE. THESE DECISIONS ARE OFTEN WISER AND MORE ACCURATE, TOO! WITH ERC-1155, TOKENS BEING USED AS A MEDIUM OF EXCHANGE, WITH ESG SCORES FOR BOTH CONSUMERS AND BUSINESSES ALIKE, IT WILL HELP REAL TIME BUSINESS TRANSACTIONS EASIER THAN EVER BEFORE…FINALLY HOLDING COMPANIES ACCOUNTABLE FOR THEIR ENVIRONMENTAL IMPACT BY USING BLOCKCHAIN TECHNOLOGY THAT’S NOT CONTROLLED BY ANY SINGLE ENTITY. INSTEAD, IT’S CONTROLLED THROUGH CONSENSUS AMONG ITS PARTICIPANTS SO THEY’LL NEVER HAVE TO WORRY ABOUT LOOPHOLES OR POTENTIAL ERRORS WHICH MAY OTHERWISE OCCUR.
THE BENEFITS OF AUTOMATIZATION ARE MANY. THIS PROCESS IS CURRENTLY LONG AND TEDIOUS AND WILL BE SPED UP WITH SMART CONTRACTS. THIS WILL RESULT IN A DECREASE IN COST, TIME AND ERRORS FOR ALL PARTIES. THIS INCLUDES COMPANIES AS WELL AS ANYONE WHO CARRIES OUT TRANSACTIONS DAY TO DAY – I.E. YOU!
DECENTRALIZATION IS THE MOVEMENT AWAY FROM A SINGLE CENTRAL AUTHORITY TO A MORE DISTRIBUTED POWER. NOT ONLY DOES THIS PROCESS EMPOWER INDIVIDUALS, IT ALSO CAN MAKE GOVERNING AND SOCIAL ISSUES EASIER TO SOLVE BECAUSE THERE ARE FEWER POINTS OF CONTENTION.
IMAGINE BEING ABLE TO USE ONE TOKEN FOR EVERYTHING – THAT’S EXACTLY WHAT ENGINEERS REALIZED WHEN THEY CREATED THE UNIVERSAL CRYPTOCURRENCY – WHICH CAN BE USED AS BOTH FUNGIBLE AND NON-FUNGIBLE TOKENS AT DIFFERENT TIMES IN ORDER TO FIT ANY NEED THAT MAY ARISE.
THE BLOCKCHAIN IS A DECENTRALIZED, ENCRYPTED LEDGER. IT’S MORE SECURE THAN THE REGULAR RECORD KEEPING SYSTEM BECAUSE TRANSACTIONS MUST BE AGREED UPON BEFORE THEY’RE RECORDED. THIS OFFERS AN IMMUTABLE RECORD FOR ALL TRANSACTIONS.
THERE WILL BE NO MORE TIME WASTED WAITING FOR TRANSFERS TO CLEAR. YOU CAN BUY, SELL, TRANSFER AND USE LITH TOKEN FOR PURCHASES WITH A CLICK OF THE MOUSE OR SWIPE ON YOUR MOBILE DEVICE.
SUPPLY CHAIN TRANSPARENCY
WITH THE HELP OF A DISTRIBUTED LEDGER, INFORMATION IS STORED AND VERIFIED WITH EASE. IT ALSO PROVIDES MANY BENEFITS TO ITS USERS BY BEING AN IMMUTABLE SOLUTION CAPABLE OF STORING DATA THAT CANNOT BE HACKED OR ERASED WITHOUT DETECTION.
THE LITH TOKEN BLOCKCHAIN HUB WILL BE ACTING AS THE CENTRAL ASPECT TO THE ESG BLOCKCHAIN ECOSYSTEM/PLATFORM. LITH TOKEN’S ERC-1155 SMART CONTRACT WILL BE HELD IN PLACE ON THE LITH BLOCKCHAIN HUB, WITH MANY OTHER IMPORTANT FEATURES. LITH TOKENS WILL BE PURCHASABLE THROUGH THE USERS’ DASHBOARDS AND USERS WILL BE ABLE TO SEE THE MOST UP TO DATE NOTIFICATIONS ON SUPPLY CHAIN INFORMATION.
THE BLOCKCHAIN HUB WILL INCLUDE:
(1) A BLOCK EXPLORER FOR CHECKING TRANSACTIONS AND THE LITH TOKEN BALANCE. (2) LITH TOKEN’S ERC-1155 SMART CONTRACT WILL BE HELD IN PLACE (3) A WALLET FOR LITH TOKENS (ALLOWING FOR REGISTERED PARTIES TO ISSUE LITH TOKENS FOR SUPPLY CHAIN PURPOSES, AS WELL AS DIRECTLY PURCHASING LITH TOKENS FROM THE BLOCKCHAIN HUB.) (4) LITH TOKEN DIRECT PURCHASE: THIS IS NECESSARY AS LITH TOKEN HOLDERS WILL DESIRE THE ABILITY TO PURCHASE LITH TOKENS TO USE FOR STORING ESG DATA AS WELL AS BUYING PRODUCTS FROM THE ESG MARKETPLACE (SHOPLITH) (5) A DASHBOARD: ALL LITH TOKEN SALES OR DISTRIBUTIONS WILL BE ACCESSIBLE THROUGH THIS INTERFACE. LITH TOKEN PURCHASERS, LITH TOKEN ISSUERS AND LITH TOKEN HOLDERS WILL BE ABLE TO VIEW THEIR LITH TOKEN PORTFOLIO BALANCE, WHICH CAN INCLUDE A BREAKDOWN OF WHICH LITH TOKENS THEY OWN. (6) A KNOWLEDGE BASE (BLOG): LITH TOKEN WANTS TO CREATE THE MOST UP TO DATE LEARNING CENTER FOR ESG LITH TOKEN BLOCKCHAIN INFORMATION. LITH TOKEN IS REACHING OUT TO LEADING EXPERTS IN MANY FIELDS ACCOMPLISH THIS. (7) AN ESG RATING SYSTEM. (8) ESG RATING PLATFORM FOR FINDING BUSINESSES THAT ARE ESG COMPLIANT. THE ESG RATING PLATFORM WILL HAVE A BUILT IN WALLET SO USERS CAN PURCHASE PRODUCTS DIRECTLY FROM THE ESG MARKETPLACE (SHOPLITH). (9) LITH TOKENS WILL BE USED AS ESG TOKENS ON THE ESG RATING PLATFORM. THE ESG RATING PLATFORM WILL ALSO HAVE KNOWLEDGE BASE AND BLOG FOR ESG INFORMATION, WITH THE MAIN FOCUS BEING ESG-RELATED BLOCKCHAIN TECHNOLOGY. (10) THE ESG RATING PLATFORM WILL SHOW ESG RATINGS FROM ESG RATED BUSINESSES WITHOUT ESG RATINGS. BUSINESSES THAT ARE NOT ESG RATED WILL HAVE A SCORE OF 0 ON THE ESG RATING PLATFORM, UNLESS THEY CLAIM OTHERWISE. ESG RATED PRODUCTS CAN BE FOUND ON THE ESG MARKETPLACE (SHOPLITH), WHERE ESG RATED BUSINESSES A SCORE AND USERS WILL BE ABLE TO PURCHASE ESG RATED PRODUCTS THAT ARE ESG COMPLIANT. (11) ESG BUSINESSES WILL BE ABLE TO PURCHASE ESG RATINGS FOR THEIR ESG PRODUCTS DIRECTLY ON THE ESG RATING PLATFORM WITHIN THE BLOCKCHAIN HUB. (12) THE ESG RATING PLATFORM WILL HAVE A LIST OF ALL ESG RATED BUSINESS AS WELL AS A LINK TO THEIR MERCHANT LISTING ON SHOPLITH IN ORDER TO MAKE IT EASIER FOR USERS TO FIND THE ESG RATED BUSINESS. USERS CAN THEN PURCHASE ESG COMPLIANT PRODUCTS THROUGH THE ESG MARKETPLACE (SHOPLITH). ESG RATINGS WILL BE ACCUMULATED IN THE ESG RATING SYSTEM.
THE ESG RATING SYSTEM WILL HAVE TWO MAIN CATEGORIES: ESG COMPLIANT BUSINESSES AND ESG RATED BUSINESSES THAT ARE NOT ESG COMPLIANT.
IN RESEARCH & DEVELOPMENT PHASES
THE ESCROW PROCESS FOR PHYSICAL OBJECTS, VIA SMART CONTRACTS, IS AN ADDED BLOCKCHAIN TECHNOLOGY WHICH IS UNIQUE TO LITH TOKEN.
IN RESEARCH & DEVELOPMENT PHASES
SPLIT ROYALTIES AND STACKED ROYALTIES FOR NFT’S, VIA SMART CONTRACTS, IS AN ADDED BLOCKCHAIN TECHNOLOGY WHICH IS UNIQUE TO LITH TOKEN.
LITH TOKEN IS CURRENTLY AN ERC-20 TOKEN (LITH) THAT WILL BE UPGRADED TO A NEW ERC-20 CONTRACT (LITx) WHICH WILL INCLUDE INTEGRATION WITH AN ERC-1155 TOKEN (LITHplus) ON THE ETHEREUM BLOCKCHAIN. ETHEREUM IS ONE OF OUR GREATEST ALLIES IN INNOVATIVE TECHNOLOGY DURING A TIME WHERE CRYPTOCURRENCY HAS TAKEN SOLID ROOTS AS AN ALL-IN-ONE, INNOVATIVE WAY TO HANDLE FINANCE AND SUPPLY CHAIN LOGISTICS. FROM LAUNCH TO PRESENT, ETHEREUM HAS BEEN THE LITERAL BACKBONE OF LITH TOKEN’S INNOVATIVE TECHNOLOGICAL VENTURES AND WE ARE PROUD TO STAND BY THEM AS AN INNOVATIVE USER OF IT’S TECHNOLOGIES.
ON THE ETHEREUM NETWORK, THERE IS A CONCEPT OF A GREEN PERIOD OR “GREENING PERIOD”. DURING THIS PERIOD, TOKENS GO FROM AN ERC-20 TOKEN CONTRACT TO A NEW GREEN TOKEN CONTRACT, NATURALLY. THE BLOCKCHAIN CONSENSUS MECHANISM ON THE ETHEREUM NETWORKS WILL SOON BE CHANGING FROM A PROOF OF WORK PROTOCOL TO A PROOF OF STAKE PROTOCOL TO PERPETUATE THE TRANSITION.
ETHEREUM BLOCKCHAIN ITSELF WILL ALSO IMPLEMENT A GREENING PERIOD FOR ETHEREUM 2.0 IN WHICH MANY CONTRACTS WILL BE GREENED AND WILL BECOME GREEN CONTRACTS ON THE NEW PROTOCOL. ETH 2.0 TOKENS ARE GREEN BY DEFAULT, SO THEY DO NOT REQUIRE A GREENING PERIOD TO MOVE FROM AN ERC-20 CONTRACT TO THE GREEN CONTRACT.
CLICK HERE TO READ ABOUT THE ETHEREUM WHITEPAPER IN ORDER TO UNDERSTAND THE PROTOCOL THE ERC-20 TOKEN STANDARD IS BUILT ON.
$LITH IS A CRYPTOCURRENCY WITH 10 BILLION TOKENS EXECUTED, LAUNCHED ON MAY 31, 2021 AT A PRICE OF $0.00000243 USD. AN EVENTUAL MIGRATION TO $LITx WILL HAVE A PERMANENT SUPPLY OF ~5.4 BILLION TOKENS.
REDISTRIBUTION
FOR A LIMITED TIME, EACH TRANSACTION HAS AN ASSOCIATED 5% TRANSACTION FEE. 40% OF THESE FEES ARE BURNED WHILE THE OTHER 60% REDISTRIBUTES INTO LITH’S LIQUIDITY POOL WHERE IT’S IMMEDIATELY REDISTRIBUTED TO ALL HOLDERS PROPORTIONALLY BASED ON THEIR HOLDINGS. WHEN $LITH WAS FIRST LAUNCHED, ONLY FIVE AND A HALF BILLION TOKENS WERE PUT INTO CIRCULATION WITH A STARTING LIQUIDITY POOL OF 10 ETH.
AS THIS IS ONLY A METHOD TO REWARD EARLY ADOPTERS, THIS PORTION OF THE ERC-20 SMART CONTRACT WILL END UPON MIGRATION TO LITx.
THE ERC-1155 TOKEN IS QUICKLY BECOMING THE NEW STANDARD FOR TOKENS LOOKING TO UTILIZE NFTS IN COMBINATION WITH FUNGIBLE TOKENS. UNLIKE OTHER PROTOCOLS, ERC-1155 ISN’T RESTRICTED BY SCALABILITY OR HIGH TRANSACTION FEES, ALLOWING FOR A GREATER NUMBER OF DIRECT BLOCKCHAIN APPLICATIONS. ERC-1155 TOKENS ARE IMPLEMENTED ON THE ETHEREUM NETWORK RATHER THAN ON A STAND-ALONE CHAIN, MAKING THEM EASIER AND CHEAPER FOR DEVELOPERS TO WORK WITH. THESE FEATURES NOT ONLY MAKE THE ERC-1155 PROTOCOL FASTER, BUT ALSO LOWER COSTS THROUGH INCREASED EFFICIENCY AND REDUCED POWER CONSUMPTION FROM MINING AND EQUIPMENT, DUE TO THE FUTURE LACK OF NEED FOR PROOF OF WORK CONSENSUS MECHANISMS.
WHILE ERC-1155 TOKENS ARE NOT WIDELY ACCEPTED ON EVERY EXCHANGE, WE ARE ABLE TO USE THE ERC-20 TOKENS TO EXCHANGE FOR THE ERC-1155 TOKENS FOR USE ON THE LITH BLOCKCHAIN HUB TO STORE DATA. UNTIL THE ERC-1155 HAS A COMMON PUBLIC FACING SOLUTION FOR EXCHANGE, THE UNISWAP V2 PROTOCOL IS AVAILABLE FOR USE TO CREATE ERC-20 TOKEN LIQUIDITY ON THE ETHEREUM BLOCKCHAIN. CROSS ASSET SWAPPING IS ALSO ABLE TO BE UTILIZED AND WILL BE USED IN COMBINATION WITH A LAYER 2 SOLUTION TO KEEP TRANSACTIONS EFFICIENT AND EFFECTIVE. (OTHER EXCHANGES ARE PLANNED TO BE ADDED)
LITH’S MAIN GOAL IS TO SUPPORT A MORE SUSTAINABLE FUTURE BY PROVIDING A PLATFORM FOR PRIVATE INDIVIDUALS, COMPANIES, AND INSTITUTIONAL ENTITIES WITH A SHARED OBJECTIVE: ACCELERATING THE ACCESS TO MORE SUSTAINABLE ALTERNATIVES AND TECHNOLOGIES.
THE INCREASING DEMAND OF EVS ALONG WITH THE SCARCE SUPPLY OF LITHIUM HAS STARTED A RACE FOR COMPANIES TO BECOME THE LEADING MANUFACTURER OF LITHIUM BATTERIES AS HAS BEEN SHOWCASED IN SEVERAL ARTICLES; OILPRICE: THE WORLD IS IN DESPERATE NEED OF MORE LITHIUM, SEEKING ALPHA: ALL EV ROADS LEAD TO LITHIUM MINERS AND BATTERY PRODUCERS, REUTERS: BATTERY DEFICIT RISKS UK DRIVING ELECTRIC JALOPY. CHINA IS THE CURRENTLY LEADING THE PACK BY A SIGNIFICANT MARGIN AS BENCHMARK MINERALS SHOWS: GLOBAL BATTERIES ARM RACE: 200 GIGAFACTORIES; CHINA LEADS, CHINA IS BUILDING ONE GIGAFACTORY A WEEK; THE USE ONE ONE EVERY FOUR MONTHS.
WHILE THIS IS GREAT NEWS FOR AN ACCELERATED ENERGY TRANSITION, THE PRICE TO PAY CANNOT BE THE DEGRADATION OF THE ENVIRONMENT DUE TO THE AGGRESSIVE LITHIUM MINING AND EXTRACTION TECHNIQUES THAT ARE CURRENTLY IN USE. LITH’S STRATEGIC PARTNERSHIPS AIM TO PAVE THE WAY FOR A MORE SUSTAINABLE AND ENVIRONMENTALLY FRIENDLY FUTURE BY TACKLING THE PROBLEMS THAT LIE WITH THE CURRENT MODEL OF LITHIUM EXTRACTION, BATTERY MANUFACTURING AND MASS ADOPTION OF ELECTRIC ALTERNATIVES.
LITH HAS BEEN INSPIRED TO TAKE IT A STEP FURTHER INTO THE ENTIRE ENVIRONMENTAL, SOCIAL AND GOVERNANCE LANDSCAPE. WITH ESG STANDARDS GENERALLY BEING SET BY CENTRAL GOVERNING BODIES AND INDIVIDUAL ENTITIES FOLLOWING THEIR OWN BIASES WHEN IMPLEMENTING ESG SCORING. LITH AND ITS PARTNERS ARE WORKING TO RESOLVE THE MANY ISSUES SURROUNDING CURRENT ESG MODELS WHILE INCENTIVIZING EVERYONE TO WORK TOGETHER TO REVOLUTIONIZE THE WAY WE APPROACH ETHICS IN BUSINESS.
LITH TOKEN IS BACKED BY THE TRANSPARENT INFORMATION ON ESG COMPANIES STORED ON THE BLOCKCHAIN. THIS MEANS EACH LITH TOKEN REPRESENTS AN EQUAL VALUE IN RELATION TO THE DEMAND FOR THIS DATA, AND CAN BE USED AS TRADING CURRENCY FOR PRODUCTS FROM THESE COMPANIES AS WELL AS OTHER CRYPTOCURRENCIES.
LITH TOKENS ARE TRADED IN AN OPEN MARKET THAT IS FREELY ACCESSIBLE TO EVERYONE. THEY CAN BE STORED IN THE USER’S PERSONAL ACCOUNT OR ANY THIRD PARTY CRYPTOCURRENCY WALLET, SUCH AS METAMASK (AT ANYTIME). USERS RETAIN FULL OWNERSHIP OF THEIR TOKENS.
LITH TOKEN INCENTIVIZES ETHICAL BUSINESS PRACTICES BY REWARDING INTERACTIONS AND MAINTAINING ESG STANDARDS. THIS IS DONE THROUGH THE LITH ECOSYSTEM, WHICH ALSO HELPS TO SOLIDIFY WHAT IT MEANS WHEN COMPANIES STATE THAT THEY ARE “ESG-FRIENDLY”.
IN THE DEVELOPMENT PROCESS OF LITH TOKEN, TOKEN HOLDERS CAN USE LITH TO SET THE DEMAND LEVELS FOR DECENTRALIZED ENVIRONMENTAL SOCIAL GOVERNANCE STANDARDS BY EXCHANGING ETH FOR $LITx.
THE LITH TOKEN IS A UNIVERSAL BENCHMARK FOR GLOBAL SUSTAINABILITY. IT ENABLES COMPANIES TO TRACK THEIR PROGRESS AND TRANSPARENCY ACROSS THE WORLD, AS WELL AS CREATE SUSTAINABLE VALUE ON AN INTERNATIONAL SCALE.
THE LITH TOKEN ECOSYSTEM CONTINUES TO GROW THROUGH PARTNERSHIPS LIKE THOSE WITH ENSORCIA METALS. THESE NEWLY FORMED RELATIONSHIPS NOT ONLY BRING VALUE TO THE PLATFORM, BUT ALSO HELP KEEP USERS INFORMED ABOUT UPCOMING PRODUCTS FROM OUR NEWEST PARTNERS. THE CORE TEAM IS WORKING TIRELESSLY ON NURTURING THE RELATIONSHIP WITH BOTH ENSORCIA METALS AND OTHER INTERESTED PARTIES IN ORDER TO FIND A WAY FORWARD THAT SATISFIES EVERYONE INVOLVED FOR YEARS INTO THE FUTURE.
HAS A BAN SYSTEM, AND BANNED USERS CANNOT MIGRATE THEIR $LITH TOKENS.
HAS A MIGRATION MECHANISM BETWEEN $LITH TO $LITX TOKEN WITH A 1:1 RATE.
WILL TRANSFER ALL REMAINING BALANCE ON THE CONTRACT TO THE ECOSYSTEM NAMED ADDRESS AFTER THE SPECIFIED TIME (60 DAYS), WHICH WILL BE SET DURING DEPLOYMENT, PASS, AND WILL NO LONGER SUPPORT MIGRATIONS.
HAS BRIDGE SUPPORT, AND IT CAN MINT AND BURN THE DESIRED AMOUNT OF TOKENS ACCORDING TO THE BRIDGE ORDER. THE TOTAL SUPPLY BETWEEN CHAINS REMAINS INTACT.
IT HAS THE FOLLOWING ATTRIBUTES:
○ NAME: LITX TOKEN
○ SYMBOL: LITX
○ DECIMALS: 18
○ TOTAL SUPPLY: 5,417,770,823
LITH – UPGRADEABLE ERC20 TOKEN THAT MINTS ALL INITIAL SUPPLY TO THE DEPLOYER. IT IS USED FOR SIMULATING A 1-TO-1 (EQUAL PARTS OF CIRCULATING SUPPLY) $LITH TO $LITX MIGRATION.
IT HAS THE FOLLOWING RATES TO DISTRIBUTE TOKENS:
○ NAME: LITH TOKEN
○ SYMBOL: LITH
○ DECIMALS: 18
○ INITIAL SUPPLY: 10.000.000.000
MERKLEDISTRIBUTOR – AN ABSTRACT CONTRACT FOR DISTRIBUTING TOKENS TO PREDEFINED ADDRESSES USING THE MERKLE TREE ALGORITHM.
FEEDISTRIBUTOR – UPGRADEABLE CONTRACT USED FOR DISTRIBUTING $LITX FEES COLLECTED FROM USER TRANSFERS. IT IS PLANNED TO DISTRIBUTE THE COLLECTED FEES IN 4 SEPARATE TITLES, WHICH ARE DEVELOPER, ECOSYSTEM, MARKETING, AND REWARD.
USES MERKLEDISTRIBUTOR CONTRACT TO VERIFY WHETHER THE REWARD IS COLLECTED OR NOT. IF THE REWARD HAS NOT BEEN COLLECTED WITHIN THIRTY (30) DAYS THE UNCOLLECTED AMOUNT CARRIES OVER TO THE NEXT ROUND OF THE REWARD DISTRIBUTION.
IT USES THE FOLLOWING RATIOS FOR TOKEN DISTRIBUTION:
○ ECOSYSTEM: 60%
○ MARKETING: 20%
○ DEVELOPERS: 10%
○ REWARDS: 10%
BANNEDUPGRADEABLE – AN ABSTRACT CONTRACT THAT IMPLEMENTS A BAN SYSTEM. IT HAS THE PROPERTIES OF BANNING AND UNBANNING ADDRESSES.
THE OWNER OF THE LITX CONTRACT HAS THE FOLLOWING PRIVILEGES:
○ CAN CHANGE FEE DISTRIBUTOR CONTRACT ADDRESS.
○ CAN BAN AND UNBAN AN ADDRESS.
THE BRIDGE PRIVILEGE CAN MINT AND BURN THE DESIRED AMOUNT OF $LITX TO ANY ADDRESS.
THE OWNER OF FEEDISTRIBUTOR CONTRACT HAS THE FOLLOWING PRIVILEGES:
○ CAN CHANGE THE DEVELOPER ADDRESSES.
○ CAN CHANGE MERKLE ROOT, AND IF NOT CLAIMED REWARDS ARE LEFT WITH THE PREVIOUS ROOT TO BE USED FOR NEXT MONTH’S REWARDS, USERS CANNOT CLAIM THEIR REWARDS ANYMORE.
○ CAN DISTRIBUTE COLLECTED FEES TO DEVELOPERS, ECOSYSTEM, AND MARKETING ADDRESSES WITH THE MENTIONED RATIO.
BLOCKCHAIN BRIDGES CREATE COMMUNICATIONS BETWEEN DIFFERENT BLOCKCHAIN NETWORKS. LITH TOKEN ($LITx) WILL BE BRIDGED TO A MINIMUM OF ONE OTHER BLOCKCHAIN TO ALLOW FOR USERS TO HAVE MULTIPLE ACCESS POINTS TO THE LITH ECOSYSTEM. LITH HAS AN EXISTING BRIDGE (VERSION 1.0) CREATED FOR THE BINANCE SMART CHAIN NETWORK AND WILL BE INTEGRATED IN AN UPDATED VERSION WHICH IS MORE GAS (gwei) EFFICIENT. THE UPDATED BRIDGE IS CREATED USING SIMILAR CONTRACTS WHICH COMMUNICATE WITH EACH OTHER VIA A BACKEND NODE.
WITHIN THE ECOSYSTEM, THERE IS A 1% TAX ON EACH $LITx TRANSACTION WHICH WILL BE REDISTRIBUTED FOR ENGAGEMENT REWARDS, ECOSYSTEM MAINTENANCE, CONTINUOUS INTEGRATION DEVELOPMENT & ONGOING MARKETING PROJECTS.
THE LITH ECOSYSTEM WILL INCLUDE A CARBON CREDIT MARKETPLACE WHICH WILL INCLUDE CARBON EMISSIONS DOCUMENTS STORED ON THE ESG BLOCKCHAIN HUB. THE CARBON CREDITS DOCUMENTS WILL BE SUPPLEMENTED WITH NFT ARTWORK WHICH PROVIDES AN ADDITIONAL INCENTIVE FOR BUSINESSES TO BE NET NEGATIVE WITH CARBON EMISSIONS. THEY WILL BE ABLE TO MINT AND EXCHANGE ONE OF A KIND NFT ARTWORK TO SUPPLEMENT THEIR DOCUMENTS IN ORDER TO COLLECT PERPETUAL ROYALTIES SPLITS WITH ANY ARTISTS THEY USE FOR THE NFT ARTWORK. THIS ALSO ALLOWS PURCHASERS AN OPPORTUNITY TO RESELL THE NFT ARTWORK FOR A PROFIT, FURTHER INCENTIVIZING CARBON CREDIT PURCHASERS TO SUPPORT THE LITH ECOSYSTEM.
THROUGH VARIOUS STRATEGIC PARTNERSHIPS, LITH AIMS TO CEMENT ITS POSITION AS THE LEADING ESG TOKEN.
SUSTAINABILITY IN THE EXTRACTION OF LITHIUM IS ONE OF THE MAIN PROBLEMS THAT IS HINDERING THE LITHIUM REVOLUTION. THIS IS CLEARLY SHOWCASED BY THE WAY THE INDIGENOUS PEOPLE’S LAND IN CHILE HAS BEEN JEOPARDIZED BY THE AGGRESSIVE MINING NEEDED FOR LITHIUM EXTRACTION. YOU CAN READ MORE ABOUT THIS ONGOING ISSUE AT THE GUARDIAN: THE RUSH TO ‘GO ELECTRIC’ COMES WITH A HIDDEN COST: DESTRUCTIVE LITHIUM MINING, REUTERS: INSIDE LITHIUM GIANT SQM’S STRUGGLE TO WIN OVER INDIGENOUS COMMUNITIES IN CHILE’S ATACAMA.
AS A COMMITMENT TO MAKING THE ENERGY TRANSITION A REALITY, THE LITH TOKEN TEAM HAS SECURED A PARTNERSHIP WITH ENSORCIA METALS, WHICH FOCUSES ON SUSTAINABLE EXTRACTION OF LITHIUM AND THE PRODUCTION OF HIGH PURITY BATTERY GRADE LITHIUM CARBONATE AND HYDROXIDE. THE EXTRACTION OF LITHIUM THROUGH THEIR UNIQUE TECHNOLOGY, WHICH PROVIDES SEVERAL BENEFITS COMPARED TO THE CONVENTIONAL EXTRACTION METHODS (SUSTAINABILITY, PORTABILITY AND REPEATABILITY TO NAME A FEW), WILL ALLOW MASS ADOPTION OF ELECTRIC ALTERNATIVES BY PROVIDING A BETTER AND MORE AFFORDABLE PRODUCTION METHOD FOR BATTERIES. LITH – IN COLLABORATION WITH ENSORCIA – HAS STARTED THE INDIGENOUS PEOPLES INITIATIVE (IPI), FUNDING A WALLET WITH 10 MILLION LITH TOKENS. IN ADDITION, LITH WILL MATCH TOKEN FOR TOKEN EVERY CONTRIBUTION TO THIS CAUSE BY CURRENT HOLDERS, UP TO ANOTHER 10 MILLION LITH. READ MORE ABOUT THIS AT LITH PARTNERSHIPS.
ENSORCIA METALS IS THE FIRST OFFICIAL LITH PARTNER TO GET INVOLVED WITH THE LITH ECOSYSTEM. THEIR INVOLVEMENT HELPS INCREASE THE LIST OF PARTNERS THAT SHARE AN INTEREST IN MAKING LITHIUM TECHNOLOGY AND ELECTRIC ALTERNATIVES THE GOTO CHOICE FOR A MORE SUSTAINABLE FUTURE. THE LITH TEAM IS ALWAYS ON THE LOOKOUT FOR NEW PARTNERS AND COLLABORATORS. IF YOU’RE INTERESTED IN PARTNERING WITH LITH OR WOULD LIKE TO REQUEST MORE INFORMATION, PLEASE CONTACT US AT CONTACT@LITHTOKEN.IO. WE ARE HAPPY TO ANSWER ALL QUESTIONS!
PHASE 1 – EARLY-STAGE PREP (JAN – APR 2021)
PHASE 2 – TOKEN LAUNCH (MAY – SEPT 2021)
PHASE 3 – TOKEN LAUNCH 2.0 (OCT – NOV 2021)
PHASE 4 – MARKETPLACE & BLOCKCHAIN HUB (NOV 2021 – MAR 2022)
PHASE 5 – LITH ESG API & PLATFORM EXPANSION (APR – DEC 2022)
PHASE 6 – CEMENTING THE COMPLETE ECOSYSTEM (JAN 2023 +)
FOUNDER – ANDREW RYMER
CO-FOUNDER (JR PRODUCT MANAGER) – JASON MARTLING
CO-FOUNDER (DIRECTOR OF OPERATIONS) – LAUREN MARPLE
CO-FOUNDER (BLOCKCHAIN ARCHITECT) – ADAM D. ROORDA
CO-FOUNDER (BUSINESS DEVELOPMENT) – PETER CHEATHAM
LEAD BLOCKCHAIN DEVELOPER – DMITRIY DOLININ
SOFTWARE ENGINEER – ARTURO CHINCHILLA
LEAD PLATFORM DEVELOPER – RONALD STEELMAN
UX/ UI DEVELOPER – MATTHEW GUSTITAS
PLATFORM DEVELOPERS – QUADRABYTE, LLC
DEVICE PROGRAMMING ENGINEERS – TAP2INTERACT, LLC
PROJECT MANAGER – SEAN GORDIN
DIRECTOR OF ADMINISTRATION – TANYA ROCHELLE RAGSDALE
MARKETING ADVISOR – BLAINE LAFLEUR
SENIOR BUSINESS DEVELOPMENT – TYLER WAGUESPACK
COMMUNITY MANAGER – BROOKLYN BARWICK
BUSINESS RELATIONS CONSULTANT – ROBERT SCOTT
***CONTACT EMAILS ARE THE FIRSTNAME@LITHTOKEN.IO
LITH TOKEN AND THIS WHITE PAPER DOES NOT CONSTITUTE A PROSPECTUS OR OFFER DOCUMENT OF ANY SORT AND IS NOT INTENDED TO CONSTITUTE AN OFFER OF SECURITIES OF A SOLICITATION FOR INVESTMENT IN SECURITIES IN ANY JURISDICTION. THIS WHITE PAPER IS BEING PUBLISHED SOLELY TO RECEIVE FEEDBACK AND COMMENTS FROM THE PUBLIC. IF/WHEN LITH TOKEN OFFERS FOR SALE ANY TOKENS AS SECURITIES, IT WILL DO SO THROUGH DEFINITIVE OFFERING DOCUMENTS, INCLUDING A DISCLOSURE DOCUMENT AND RISK FACTORS. THOSE DEFINITIVE DOCUMENTS ALSO ARE EXPECTED TO INCLUDE AN UPDATED VERSION OF THIS WHITE PAPER, WHICH MAY DIFFER SIGNIFICANTLY FROM THE CURRENT VERSION. IF/WHEN LITH TOKEN MAKES SUCH AN OFFERING IN THE UNITED STATES, THE OFFERING LIKELY WILL BE AVAILABLE SOLELY TO ACCREDITED INVESTORS.
THE INFORMATION SHARED IN THIS WHITE PAPER IS NOT ALL-ENCOMPASSING OR COMPREHENSIVE AND DOES NOT IN ANY WAY INTEND TO CREATE OR PUT INTO IMPLICIT EFFECT ANY ELEMENTS OF A CONTRACTUAL RELATIONSHIP. THE PRIMARY PURPOSE OF THIS WHITE PAPER IS TO PROVIDE POTENTIAL TOKEN HOLDERS WITH PERTINENT INFORMATION FOR THEM TO THOROUGHLY ANALYZE THE PROJECT AND MAKE AN INFORMED DECISION. LITH TOKEN DOES NOT MAKE OR PURPORT TO MAKE, AND HEREBY DISCLAIMS, ANY REPRESENTATION, WARRANTY OR UNDERTAKING IN ANY FORM WHATSOEVER TO ANY ENTITY OR PERSON, INCLUDING ANY REPRESENTATION, WARRANTY OR UNDERTAKING IN RELATION TO THE ACCURACY AND COMPLETENESS OF ANY OF THE INFORMATION SET OUT IN THIS WHITE PAPER.
WE STRONGLY ADVOCATE A CAREFUL STUDY OF THIS WHITE PAPER, INCLUDING ALL THE DOCUMENTS ASSOCIATED WITH THE SAME. NO INFORMATION IN THIS WHITE PAPER SHOULD BE CONSIDERED BUSINESS, LEGAL, FINANCIAL OR TAX ADVICE REGARDING LITH TOKEN. PLEASE CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR REGARDING LITH TOKEN AND THIS WHITE PAPER.
CERTAIN STATEMENTS, ESTIMATES AND FINANCIAL INFORMATION FEATURED IN THIS WHITE PAPER OR ANY OTHER PLACE ACCESSIBLE BY THE PUBLIC AND ORAL STATEMENTS THAT MAY BE MADE BY LITH TOKEN OR ITS RESPECTIVE DIRECTORS, EXECUTIVE OFFICERS OR EMPLOYEES ACTING ON BEHALF OF LITH TOKEN ARE FORWARD-LOOKING STATEMENTS THAT ARE BASED ON AND TAKE INTO CONSIDERATION CERTAIN KNOWN AND UNKNOWN CONTINGENCIES AND RISKS WHICH IN EVENTUALITY MAY CAUSE THE ESTIMATED RESULTS OR MAY DIFFER FACTUALLY AND SUBSTANTIALLY FROM THE FEATURED ESTIMATES OR RESULTS EXTRAPOLATED OR EXPRESSED IN SUCH FORWARD-LOOKING STATEMENTS HEREWITH. SOME OF THESE STATEMENTS CAN BE IDENTIFIED BY FORWARD-LOOKING TERMS SUCH AS “AIM”, “TARGET”,” ANTICIPATE”, “BELIEVE”, “COULD”, “ESTIMATE”, “EXPECT”, “IF”, “INTEND”, “MAY”, “PLAN”, “POSSIBLE”, “PROBABLE”, “PROJECT”, “SHOULD”, “WOULD”, “WILL” OR OTHER SIMILAR TERMS. NEITHER LITH TOKEN NOR ANY OTHER PERSON REPRESENTS, WARRANTS AND/OR UNDERTAKES THAT THE ACTUAL FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS OF LITH TOKEN WILL BE AS DISCUSSED IN THOSE FORWARD-LOOKING STATEMENTS. THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF LITH TOKEN MAY DIFFER MATERIALLY FROM THOSE ANTICIPATED IN THESE FORWARD-LOOKING STATEMENTS.
NOTHING IN THIS WHITE PAPER SHOULD BE TREATED OR READ AS AS GUARANTEE OR PROMISE OF HOW LITH TOKEN’S BUSINESS OR THE TOKENS WILL DEVELOP OR OF THE UTILITY OR VALUE OF THE TOKENS. THIS WHITE PAPER OUTLINES CURRENT PLANS, WHICH COULD CHANGE AT ITS SOLE DISCRETION, AND THE SUCCESS OF WHICH WILL DEPEND ON MANY FACTORS OUTSIDE LITH’S CONTROL, INCLUDING MARKET-BASED FACTORS AND FACTORS WITHIN THE DATA AND CRYPTOCURRENCY INDUSTRIES, AMONG OTHERS. ANY STATEMENTS ABOUT FUTURE EVENTS ARE BASED SOLELY ON LITH’S ANALYSIS OF THE ISSUES DESCRIBED IN THIS WHITE PAPER. THAT ANALYSIS MAY PROVE TO BE INCORRECT.
LITH TOKEN DOES NOT RECOMMEND PURCHASING LITH TOKENS FOR SPECULATIVE INVESTMENT PURPOSES. LITH TOKENS DO NOT ENTITLE YOU TO ANY EQUITY, GOVERNANCE, VOTING OR SIMILAR RIGHT OR ENTITLEMENT IN THE BUSINESS OR IN ANY OF ITS AFFILIATED COMPANIES. LITH TOKENS ARE SOLD AS DIGITAL ASSETS, SIMILAR TO DOWNLOADABLE SOFTWARE, DIGITAL MUSIC AND THE LIKE. WE DO NOT RECOMMEND THAT YOU PURCHASE LITH TOKENS UNLESS YOU HAVE PRIOR EXPERIENCE WITH CRYPTOGRAPHIC TOKENS, BLOCKCHAIN-BASED SOFTWARE AND DISTRIBUTED LEDGER TECHNOLOGY AND UNLESS YOU HAVE TAKEN INDEPENDENT PROFESSIONAL ADVICE.
FOR THE AVOIDANCE OF DOUBT, IN NO EVENT SHALL LITH AND/OR ITS ADVISORS BE LIABLE FOR ANY DAMAGES, WHETHER DIRECT, INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL, ARISING FROM THE USE, REFERENCE OR RELIANCE ON THE CONTENTS OF THIS WHITE PAPER OR ANY OPINION OR INFORMATION EXPRESSLY OR IMPLICITLY CONTAINED IN THIS WHITE PAPER.
OVERSTREET HOMAR & KUKER
508 E. 18TH STREET
CHEYENNE, WYOMING 82001
PHONE: +1 307-274-4444
FASCIMILE: +1 307-274-4443
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The World’s First Decentralized Ecosystem Built on Sustainability and Ethics.
contact@lithtoken.io
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