Apart from the official announcement of the third IDO, Lithium anticipates a new token swap/bridge and integration with Polygon.
Introduction
Lithium arose from the need to address systemic flaws in the early-stage crypto space. Lithium was chosen as a name because it best embodied their vision and mission. Lithium is an element in the periodic table’s third group, which encapsulates the focus on Web 3. It also ties in nicely with the three products that comprise the Lithium ecosystem, which include The Launchpad, The Incubator, and The Fund.
Vision
Lithium aspires to be the go-to platform for investors seeking to capitalize on the value of early-stage crypto assets. They intend to accomplish this through a three-pronged strategy. They have a Lithium fund, a Lithium launchpad, a Lithium Incubator, and premium educational content. The $EBSC token connects all of this.
The Fund
The fund was spun out of the Lithium community, and thanks to the success of a smaller closed-ended fundraise earlier this year, they will soon open a wider investor cycle and launch Lithium Fund II. They intend to disrupt the traditional VC model by providing ordinary investors with access to a diverse portfolio of long-term projects that they believe will benefit most from the transition to Web 3.0.
They have a multi-stage investment process in place to vet projects, use cases, teams, and the code of new, exciting projects built on emerging blockchains, and they take large stakes in these projects, supporting founding teams and providing networking opportunities to their portfolio companies.
The Launchpad
The Lithium launchpad is the next component of their ecosystem. They are developing a launchpad that will provide investors with all of the information they need to make an informed decision about whether a project is suitable for them.
Token
The $EBSC token connects all of their products, allowing believers in the space to benefit from the ecosystem’s long-term success. To begin, holders of the $EBSC token will have lower management fees in the fund. This could result in thousands of dollars saved each year for larger investors down the road.
Second, token holders will gain early access to their launchpad projects. They want to give priority access to those who believe in the long-term success of early crypto projects, so they can reap more benefits from the tokens.
Finally, the token will grant governance privileges, allowing you to help shape Lithium’s future by answering important questions.
One Button IDO on Lithium
One Button allows users to outperform the larger crypto markets with the simple click of a button. Their next-generation Trading AI has been in development for years and has been thoroughly tested by a large number of crypto traders of all levels of experience. When Lithium first approached One Button, it was clear they were a perfect fit for the Launchpad’s goal of bringing the best use cases to investors in the space.
The bots, which operate on exchanges such as Binance and Kraken, have completed over 73,000 trades, earning investors more than $335,000 in profit. One Button’s core offering is risk-adjusted AI trading strategies that enable crypto traders to effectively diversify their portfolios and perform regardless of market conditions.
IDO Details
The One Button Private Sale is only available on the Lithium Launchpad and will raise $200,000, with each OB token costing $0.10 at the IDO price. More details can be found here: launchpad.lithium.ventures
Tokenomics:
- Total Supply: 10,000,000 OB
- IDO Tokens: 2,000,000 OB
- IDO Price: $0.10
- Listing Price: $0.115
- Liquidity: 80%
Timings:
- Date: 14th October 2021
- Time: 18:00 UTC
Project Roadmap
February 2021: Vision, Team & Initial Community
April 2021: Mainnet Token & Presale
June 2021:
- Fund II Launch
- Incubator Cohort I
August 2021: Launchpad BETA release
September 2021: Further launchpad development
Late 2021: New Token
Early 2022: NFT Fund Marketplace
New Token Migration
Despite being one of Ethereum’s first true competitors, Binance Smart Chain achieved this by offering significantly lower gas fees. BSC, on the other hand, is not a truly decentralized protocol. Lithium wants to think more about long-term, largely decentralized protocols. As a result, Polygon is Lithium’s choice for reaping the benefits of a decentralized protocol while maintaining low gas fees.
Polygon is essentially a protocol and framework for creating and connecting Ethereum-compatible blockchain networks. Polygon aims to solve scalability issues with a slew of clever technologies.
How Lithium x Polygon comes to real life?
IDOs
The most obvious advantage for Lithium investors will be the ability to access IDOs on the Polygon network in the near future. This is extremely exciting because it brings a slew of talented founding teams into the Lithium ecosystem.
Lithium token holders will stake their $EBSC token on the BSC network as usual, but when they enter the Launchpad, they will see both pools for BSC and Polygon projects. Polygon projects will raise funds using the $MATIC token.
Grant
Polygon will provide Lithium with a cash payment from their Developer Support Program to assist us in quickly unlocking Polygon on their Launchpad. Polygon will also provide technical support.
Deal Flow
Polygon will benefit from Lithium’s deal-flow assistance, assisting them in identifying exceptional founding teams for investment, launch, or both.
Learn More
Medium: https://lithiumventures.medium.com/
Twitter: https://twitter.com/lithiumventures
Telegram: https://t.me/lithiumventures
Website: https://lithium.ventures/
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