Welcome to the 60-second Crypto Gem by KuCoin. Today, we will be talking about Lithium Finance and its native token, LITH. Lithium Finance is a decentralized pricing oracle solution to give precise and timely pricing for private and pre-IPO companies. Existing data oracles don’t provide regular pricing on private companies, and experts in traditional finance are not incentivized to disclose the valuation to the public investors. Lithium founders noticed the pain point and developed a protocol to reward contributors. So far, Lithium has perfectly predicted the IPO value of Coinbase based on its collective-intelligence pricing oracle. It has raised $5M from Pantera Capital and Hashed and is supported by Alameda Research, Huobi , OKEx, NGC, etc. It will host IDO on Polkastarter and will be launched on KuCoin Spotlight in early August, 2021.
Read more about Lithium Finance (LITH): https://www.kucoin.com/blog/en_US/what-is-lith-and-how-does-it-work?utm_source=podcastinfo
