Ethereum Ecosystem

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Convergence Finance

<h3>Native Token: LITH </h3>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. <h3>Usage of Tokens</h3>Bounty Offer from Wisdom Queriers to incentivise Wisdom Node answers&nbsp;<ul><li>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.&nbsp;</li></ul>Staking for Wisdom Nodes to signal confidence level of their answers&nbsp;<ul><li>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.&nbsp;</li></ul>Reward for Wisdom Nodes for correct answers&nbsp;<ul><li>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.&nbsp;</li></ul>

The protocol aims to bring accurate pricing data for illiquid, non-public assets to DeFi.

DeFi oracle protocol Lithium raises $5 million, led by Pantera and Hashed

Announcing Our Official First Pre-IDO Token Sale

Introducing Lithium Finance

Lithium Finance Dual Pre-IDO on Convergence and Polkastarter

Lithium Finance: The First Pre-IDO Asset on Convergence Finance

Timeline: Important Events of Lithium Finance Dual Pre-IDO on Convergence and Polkastarter

Lithium Finance Takes On Additional Investors; Total Raise Reached $7.6M

Lithium Finance IDO: Launching on Polkastarter on August 5th

Announcement of Lithium (LITH) Token Sale on KuCoin Spotlight

Lithium Finance Announces IEO on KuCoin to Extend Public Sale

Cheat Sheet: Important Events of Lithium Finance IEO + IDO

Lithium Finance IDO on Convergence Finance.

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Lithium Finance

Lithium Finance is the first decentralized data oracle solution that uses collective intelligence to regularly price illiquid assets.

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