We are pleased to share that we have secured a $400 million funding commitment from Bahamas-based GEM Digital Limited (GEM) for LITHO tokens.
The funding commitment enables new product development and global adoption of Lithosphere, while providing a greater number of individuals with the opportunity to add the cryptocurrency to their portfolios.
“Lithosphere is a user-owned and controlled network and these funds will fuel even more community-led innovation. The Litho token commitment from GEM signifies commitment in the long-term development of Lithosphere and growth of the Web 3 ecosystem. ” said Joel Kasr.
The funding enables new product development and global adoption of Lithosphere, while providing a greater number of individuals with the opportunity to add the cryptocurrency to their portfolios.
The platform promises to eradicate many of the problems inherent in existing blockchain networks by being the first blockchain to utilize embedded Deep Neural Networks to make smart contracts intelligent and an aim to enable users to work across multiple blockchain networks. That interoperability enables multiple value-transfer methods under a single management structure.
LITHOSPHERE’S GOVERNANCE
Lithosphere remains a community-owned, decentralized network. Litho’s max supply is 1 billion with each LITHO token representing one vote. LITHO holders can stake their tokens and can propose and vote on key changes on the network.
The $400 million funding commitment from GEM Digital to Lithosphere makes a variety of new products and innovations possible. Lithosphere is making a distinctive mark around the world with its artificial intelligence, embedded Deep Neural Networks blockchain technology, and interoperability across multiple cryptocurrency networks – and it’s only the beginning.
