Is Lithium (LITH) a hidden gem?
What is Lithium Finance?
It is Oracle used to value illiquid assets. In particular, Oracle is a real-time data provisioning system for blockchain and smart contracts.
Thus, users can effectively know the price for all complex assets such as Pre-IPO shares, private equity, and other illiquid assets.
Lithium Finance Highlights
According to Lithium Finance, DeFi currently has a lot of Oracle. Still, most of these projects do not update prices in time and are not accurate for those types of assets that are difficult to price, so this is a barrier for the world to join DeFi.
Lithium’s system will use the DMI (Determinant-base Mutual Information) mechanism, which will have two types of people: Wisdom Node and Wishdom Seeker, with the following roles:
- Wishdom Seeker is a property quote seeker who will use Lithium’s LITH – token as a bonus.
- Wishdom Node is the respondent to the quote for the property, which needs to be Stake LITH.
In the case of assets that are shares of companies, Lithium will create a poll for professionals to give answers, with the reward of LITH for quality answers, and those with poor quality answers will be subtracted from LITH.
In the real estate sector, valuations are also complicated. If a person wants to buy an apartment in a time of ever-growing prices, and they don’t know when the prices are lowering to buy, then Lithium can use data and scientific calculations to make the best predictions for the user.
In addition, in a rather strange field such as antiques, Lithium Finance will price by collecting data on these antiques, thereby making conclusions about the item’s value that users want to know the price.
Key Metrics LITH
- Token Name: Lithium Token.
- Ticker: LITH.
- Blockchain: Ethereum.
- Token Standard: ERC-20.
- Contract: 0x188e817b02e635d482ae4d81e25dda98a97c4a42
- Token type: Governance.
- Total Supply: 10,000,000,000 LITH.
- Circulating Supply: 2,462,649,397 LITH.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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