Lithium Finance LITHPrice $ 0.0000708

Native Token: LITH

Lithium Finance will issue a utility token to be used as a reward mechanism and as a staking token for questions and answers.

During the process of posing a question and answering, each individual will stake a certain amount as either bounty (when asking a question) or confidence (when answering). This combination of staking creates stronger signals towards the best information.

Usage of Tokens

Bounty Offer from Wisdom Queriers to incentivise Wisdom Node answers 

• The more valuable information is to someone, the more they are willing to pay for an answer. In aggregate with many people wanting access to the same information, the bounty can become substantial. 

Staking for Wisdom Nodes to signal confidence level of their answers 

• When each Wisdom Node provides an answer to the question, they will stake a certain amount of LITH tokens to signal their confidence. This together with their reputation within the sector of answers increase their influence and also potential reward of the bounty plus other incorrect stakers. 

Reward for Wisdom Nodes for correct answers 

• Once the answers are known, the bounties of LITH and the Wisdom Node stakes are pooled and distributed according to how close their answers came to the ground truth.