Lithium Finance uses tokens for incentivizing and rewarding answers.
Lithium Finance's LITH token incentivizes questions, answers, and staking, rewarding accurate responses and encouraging confidence signals through bounty offers and reputation-based stakes.
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What is Lithium (LITH)?
Native Token: LITH Lithium Finance will introduce a utility token used as a reward mechanism and for staking in questions and answers. When users ask or answer questions, they stake a certain amount either as a bounty (for asking) or as confidence (for answering). This staking process reinforces the quality of information. Usage of Tokens includes offering bounties to incentivize Wisdom Node answers—more valuable information prompts higher bounties. Wisdom Nodes stake LITH tokens to demonstrate confidence in their answers, which, along with their reputation, influences their rewards and impact. When answers are verified, the combined stakes and bounties are pooled and distributed based on how close the answers are to the ground truth.
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Lithium price live information
As of now, Lithium is trading at 0.000081 USD, with a 24-hour trading volume of approximately 0 USD. The LITH to USD price is updated in real time. Over the past 24 hours, Lithium has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 423.41K USD. Currently, there are 5 242 220 240 LITH in circulation out of a maximum supply of 10 000 000 000 LITH.
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