Cryptos: 9 180
Exchanges: 4
Market capitalization: $3.60T
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Lithium
LITH

About Lithium

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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