In a groundbreaking move that demonstrates commitment to decentralization and community governance, the KaJ Labs Foundation has officially renounced its ownership of the Lithosphere (LITHO) BEP20 token smart contract. This decision marks a significant milestone in the evolution of the Lithosphere ecosystem and empowers the community to take charge of the token’s future.

With the renouncement of ownership, KaJ Labs Foundation effectively transfers control of the LITHO smart contract to the community. This move aligns with the foundation’s core principles of decentralization, transparency, and inclusivity. By allowing the community to shape the future of the token, KaJ Labs Foundation demonstrates its unwavering commitment to fostering a truly decentralized ecosystem.

Lithosphere Network (Staking)

Lithosphere Network is also proud to announce the upcoming launch of its LITHO Staking on BNB Chain and Jot Art (JOT) Staking on TRON. These initiatives are designed to incentivize liquidity providers and node operators, thereby bringing further utility to the LITHO  & JOT tokens.

The LITHO liquidity incentivization program has been designed with two objectives in mind: to foster a liquid market for the LITHO Token and to bootstrap the Lithosphere Network with a broad community of node operators.  The official launch of both JOT and LITHO’s staking programs will be announced before the end of the quarter.