Lithium Finance is proud to announce the launch of our IDO on Polkastarter on August 5. This came after the successful launch of our pre-IDO on Convergence earlier in June. Polkastarter has been partnering with Lithium Finance on the previous pre-IDO. We’re pleased to collaborate with our friends at Polkastarter again for our IDO.
Ahead of our IDO, and we have highlighted some of the important dates below. For a refresher about our vision and purpose, check out our website here.
IDO Sale Details
IDO Date: 05/08/2021
Token Ticker: $LITH
Maximum Total Supply: 10,000,000,000
Total IDO Allocation: 200,000 USD
Initial Market Price: 0.006 USD
Token Allocation by Percentage
Our total strategic sale (consisting of seed round and two private sale rounds) is 19% of all our tokens. The initial sale will be used for our technology development, community building, partnerships and marketing to build out Lithium Finance.
Token Unlock and Vesting Schedule
Seed: 0% unlocked at listing. Daily vesting over 1 year.
Strategic Round I & II: 20% unlocked at listing. Daily vesting over 1 year.
Public: 100% unlocked at listing.
Team: 6 months cliff. Quarterly vesting over 2 years.
Advisor: 6 months cliff. Quarterly vesting over 2 years.
Liquidity: 5% unlocked at listing. Monthly vesting over 5 years.
Ecosystem: 2% unlocked at listing. Monthly vesting over 5 years.
Community: 5% unlocked at listing. Monthly vesting over 5 years.
- Only whitelisted addresses will be able to access the Lithium Finance IDO sale.
- Eligibility criteria for the Polkastarter pool can be found here.
- Successful whitelist applicants will need to pass KYC and AML requirements.
- Citizens from the following countries will not be eligible to take part in our IDO process: Botswana, Cambodia, China, Comoros, Ethiopia, Ghana, Iran, Iraq, North Korea, Pakistan, Panama, Seychelles, Sri Lanka, Syria, Thailand, Trinidad & Tobago, Tunisia, USA, and Yemen.
- There will be slightly more whitelisted addresses than there are IDO sale spots. Allocation will be secured on a first come first served basis. The extra whitelisting addresses are meant for filling up the allocated spots that are given up.
- KYC emails will be sent via our official email, firstname.lastname@example.org If you receive any communication before 29/07/2021 asking for KYC or any personal information, it is NOT Lithium Finance. We will also never ask for funds or your seed etc.!
About Lithium Finance
Lithium Finance is the first collective-intelligence pricing oracle to give precise and timely pricing on private, illiquid assets. It rewards analysts who provide truthful information and punish those who offer false pricing data. As a result, Lithium’s users obtain pricing for all hard-to-value assets such as pre-IPO stocks, private equity, and other illiquid assets effectively.
Polkastarter is the fully decentralized protocol for launching new ideas. Our curation process and industry access enable us to offer the best new projects in blockchain and digital assets.
With Polkastarter, decentralized projects can raise awareness, build a loyal community, and receive long-term support. Users of the platform will be able to participate in a secure and compliant environment and use assets both in and beyond the current ERC20 standard.
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