More
    Related Posts

    Recap AMA With Lithosphere

     
    On August 10th 2021, our community had a chance to welcome Emran Haque – Head Community Manager Of Lithosphere to join in an AMA to give fruitful information about the key features and roadmap of Lithosphere  is the next-generation platform for cross-chain decentralized applications powered by AI & Deep Learning.
    Time: 6:00 AM UTC / 1:00 PM UTC +7, Tuesday, August 10th, 2021
    Venue: https://t.me/bcblueskyventures
    Airdrop: 100$ for the best questions in the AMA..

    Part 1: Project and Guest Introduction.
    Question 1. Firstly, can you give me brief introduction about your management team and Lithosphere ?
    Emran Haque:
    Let’s begin with some development team background. First of all, you guys can call me Emran, that’s what all my friends called me.I’m the Community manager of LITHO project and im also the independent marketing agency for many projects.
    Lithosphere is the next-generation platform for cross-chain decentralized applications
    powered by AI & Deep Learning. The Lithosphere network introduces a novel consensus
    algorithm, a new token standard and other innovations like Deep Neural
    Networks(DNNs) to make smart contracts smarter with the help of AI.
    Question 2: Please share a few major milestones of Lithosphere during its development process.
    Emran Haque:
    Lithopshere recently launched it’s token on BSC the Litho token, and will soon be launching the LithoSwap DEX.
    ✅Our Advantages
    ⏩Easy Integration and Efficient Data Storage
    ⏩Smart Contract Token Transaction Anonymity
    ⏩Fully Decentralized without Third-Party Participation
    ⏩Secure and stable
    ⏩One-Time Account System
    Question 3: Could you share with us your plan to expand locally as well as globally?
    Emran Haque:
    Upon raising some funding, Lithpshere will quickly expand globally by hiring teams from allover the world to increase adaption..
    and our application
    Borrowing and Lending
    Payment and Settlement
    transaction and Exchange
    Investment and Financing
    Part 2: 5 questions pre-collected by Facebook post.
    Question 1: On your whitepaper, I found that the #SuperLitho Network governance operates via a general foundation and Expertise Councils that would govern specific areas of the network, yet, what are the members that comprise the Council? Besides, how does the Council tackle network updates? @forever_luckyy
    Emran Haque:
    The Lithosphere’s council vetoes any governance votes that maybe harmful to the networks. The council also can vote on emergency updates that can improve the network.
    Question 2: SuperLitho have a native token #SuperLitho. Could you explain what are the function of the $Litho token in Yetuswap platform, do we possible to farm and stake it? Are there any benefit that user can get by Hold #SuperLitho token? @MsNazmul4
    Emran Haque:
    The $Litho token can be used for voting, staking and payments on Lithosphere. It can also be staked on other networks. so user get good benefit for hold 🙂
    and our token metrics
    Ticker: LITHO
    Blockchain Network: Binance Smart Chain
    Initial Token Supply: 300,000,000
    Total Token Supply: 1,000,000,000
    Supply End of 2nd Year: 1,000,000,000
    Pre – seed Round –
    Pre-Seed Round Raise: $6,500,000
    Pre-Seed Round Price: $0.45
    Pre-Seed Round Lock-up: 20% unlocked at the TGE, then 20% on a quarterly basi
    Question 3: Currently, Covid-19 does slow down many global economies, as a cryptocurrency business, How does it impact to Lithosphere? Do you have any plan to overcome it? And when Covid-19 end will the Lithosphere project grow even stronger? @Mrbeastcryp
    Emran Haque:
    Lithoshere hasn’t been affected much by Covid-19. Our team is all virtual 🙂
    Question 4: What is #SuperLitho revenue model? In which ways do you generate revenue/profit?So many projects just like to speak about the “long term vision and mission” but what are your short terms objectives? What are you focusing right now? @OJanaloveferi
    Emran Haque:
    Short term objective is to launch several products on the Lithosphere blockchain. All transactions on the Lithosphre blockchain will consume a certain amount of $LITHO.
    So these fees will be sharing among holders of $LITHO and validators of these transactions.
    Question 5: What wallets can currently support your tokens? Are there plans to add up extra features in your ecosystem in the nearest future? What plans do you have on your roadmap for 2021, in the short term and long term? @MachineWays
    Emran Haque:
    BEP20 Wallets like Metamask, Trust wallet..You can use. yes we have lot off plan in future we are listed 1st dex and we are going to cex platform 🙂
    and yea you can check our whitepaper you will get all information
    now we are running our IDO
    🦄 Unicrypt: https://app.unicrypt.network/amm/pancake-v2/ilo/0x4E53F569817285173eE208fca07D71F93D80d7D8
    📈 DxSale: https://dxsale.app/app/v2_9/defipresale?saleID=1913&chain=BSC
    PART 3: 5 LIVE QUESTION AT TELEGRAM GROUP BC BLUE SKY VENTURES
    Question 1: Do you have Whitepaper if yes please share it with us and secondly do you have plans for pre-sale? Where can we join it?😇🙂 @FudgeBlaster80
    Emran Haque:
    yes we have whitepaper you can check it our website
    https://lithosphere.network/papers/
    and our IDO Still ongoin join and eran, 😊
    THE FUTURE IS HERE
    KaJ Labs Foundation launches the LITHO token’s IDO
    🦄 Unicrypt: https://app.unicrypt.network/amm/pancake-v2/ilo/0x4E53F569817285173eE208fca07D71F93D80d7D8
    📈 DxSale: https://dxsale.app/app/v2_9/defipresale?saleID=1913&chain=BSC
    if you any question you can join our platform
    https://t.me/lithochat
    Question 2: Why should your DeFi project use the LEP100 Token Standard? @sheikh1122rx
    Emran Haque:
    LEP100 tokens may be used to represent a variety of assets, including stocks, fiat currency, and crypto-assets.
    Other tokens from various blockchains may easily be pegged to the LEP100 token. As a result, it enables
    developers to construct different versions of crypto assets using the same tokens.
    All validators that transfer the LEP100 token will receive LITHO as a reward. The incentive is paid out in the form
    of a transaction charge. When compared to other token standards such as ERC20, it has minimal gas prices
    for all transactions. It’s built on the Lithosphere network, which offers fast transaction speeds of more than
    10,000 TPS compared to Ethereum’s ERC20’s 15 TPS and Bitcoin’s 4 TPS.
    Integrating DeFI projects with LEP100 tokens is simple. You may also list items for free on DEX such as
    LithoSwap, PancakeSwap, and Uniswap
    Question 3: How can I buy this tokens? Is it available on any exchange?🔥🔥🔥 @ksjon2
    Emran Haque:
    you can buy from our IDO
    🦄 Unicrypt: https://app.unicrypt.network/amm/pancake-v2/ilo/0x4E53F569817285173eE208fca07D71F93D80d7D8
    📈 DxSale: https://dxsale.app/app/v2_9/defipresale?saleID=1913&chain=BSC
    ✅Start : August 9, 2021 (12:00AM UCT)
    ✅Number of tokens for sale :15,000,000 LITHO (5%)
    ✅End : August 16, 2021 (12:00AM UCT)
    ✅Tokens exchange rate : 0.45 USDT / 0.45 USDC = 1 LITHO
    ✅Acceptable currencies : BNB, WBNB
    ✅Minimal transaction amount : 100 USDT / 100 USDC / 220 LITHO
    More information : https://lithosphere.network/token/
    Question 4: I saw LEP100 token symbol in lithosphere network.
    Tell us about LEP100 tokens and how it works? @shahindw
    Emran Haque:
    LEP100 is the token development standard for the Lithosphere network proposed by Lithosphere creator, Joel Kasr. It is like Ethereum’s ERC20 with a friendly standard to allow anyone to use digital currencies or tokens in the Lithosphere network. You can also peg onto any networks by using any leading digital assets when you peg them with the LEP100 tokens.
    The token is multi contract-compatible and has basic functionality like transferring, returning a balance, and viewing possession for a token. Unlike ERC20 or BEP20, a LEP100 token allows for a single contract to represent multiple fungible and non-fungible tokens to support a plethora of applications in everyday use. It is the most effective token for high-demand contract–compatible DeFI platforms, gaming platforms, NFT and more.
    The LEP100 token standard supports token time-slicing in smart contracts. When a token is sliced it’s split up in two parts, one part can be described a slice limited in time (here TL can denote Time-Lent) and the other part can be described as an infinity end (here TL can denote Time Limited as its usefulness is limited for a time, but it’s not in fact locked). Both slices can, if desired, be sliced even further into another two slices of time opening doors for advanced DeFi like Futures & Options trading.
    Question 5: What are the advantages of Project to compete with competitors of the same side? @Eldico51
    Emran Haque:
    Advantages
    Easy Integration and Efficient Data Storage :
    the initial transaction of the original chain is used to perform any operation on the Locked Account. There are
    no new transaction types or verification mechanisms. As a result, any chain may theoretically be merged
    with Lithosphere at a low cost.
    Smart Contract Token Transaction Anonymity :
    to achieve anonymity in smart contract token transactions on Lithosphere, ring-signature and one- time
    accounts are used. To make the sender anonymous, ring-signature combines the transaction sender with a
    group of false members. Each transaction generates a one-time account that cannot be connected to the
    actual owner
    Fully Decentralized without Third-Party Participation :
    Secure multi-party computation is used to produce the Locked Account. A trustworthy third- participation
    party or endorsement is not required in this procedure. All we need is secure routes for information exchange
    and computation by Validators. The Locked Account generation technique is less expensive and more
    flexible than the trusted third-party escrow account scheme.
    Secure and stable :
    Shamir’s Secret Sharing Scheme (a.k.a. Shamir’s (k, n)-threshold secret sharing scheme) is used to distribute
    the key for the Locked Account to Lithosphere validators. One component of the key share is held by each
    Validator. Even if several Validators go offline or lose their key shares, the Locked Account’s signature can still
    be produced, and the trans-action can still be completed with at least k validators. As a result, the creation
    strategy for Locked Accounts can assure that.
    For all of the questions that have not been answered yet, guys feel free to search for more information or ask directly to them on the links provided below:
    Lithosphere twitter
    Lithosphere channel telegram
    Lithosphere group telegram
    https://lithosphere.network

    Tóm Tắt Nội Dung

    You might also like...