Liti Capital, a Swiss Litigation Finance company, is launching its dual token at 3 AM EST, on 24 June, 2021. LITI tokens will become available on the Liti Capital website and wLITI on Uniswap.
The LITI token represents tokenised equity in the company and grants voting rights and dividends, while the wLITI token can be staked to provide liquidity.
Both token holders can open a claim against a project and stake tokens on that claim to call attention to projects that have defrauded their investors. Liti Capital will spend from 5 to 10 per cent of its investment capital to pursue these bad actors.
By tokenising its equity, Liti Capital is decentralisinf access to litigation finance, an asset class that has only been an option for wealthy investors until now. Litigation finance companies find lawsuits with large payouts and buy a percentage of the case. This percentage is considered to be an “asset”. Then they help the plaintiff win the case and take a portion of the profits. These profits will be distributed to LITI holders as dividends. As one of the few asset-backed equity tokens on the market, LITI is a strong hold regardless of volatility.
Liti Capital’s current “litigation assets” are valued at over USD200 million. David Kay, CIO, enforced the largest arbitration award at the time in 2016, over USD1 billion in US cash and assets. Jonas Rey, Co-Founder, heads Athena Intelligence, a successful intelligence agency in Switzerland. Andy Christen, Co-Founder and Head of Vision and Operations, is an expert data scientist who co-founded several fintech and blockchain startups. Jaime Delgado, Co-Founder, Head of Technical Development, has a PhD in electronics engineering and over 15 years of programming, machine learning, data analysis, and blockchain technology.
To purchase a LITI token, investors must pass KYC requirements. This token is only available for purchase on the Liti Capital website. Holding a LITI grants protections under Swiss law, dividends, and voting rights. The wrapped LITI (wLITI) will be available on Uniswap and other DEXs in the future and does not require KYC. LITI and wLITI tokens are utilized in the following ways:
LITI: receives 80 per centof distributed dividends
LITI: participates in the governance of the company
wLITI: Purchased on a DEX, does not require KYC
wLITI: Provide liquidity to the ETH/wLITI token pair on DEXs
BOTH: Report scam coins and sign up for a class-action lawsuit if cheated
BOTH: Receive bounties for providing relevant info for lawsuits
Liti Capital has committed to locking USD1.2 million in liquidity on Uniswap for 36 months. Up to 16 per cent of LITI tokens are reserved for the team for salaries and expenses, as well as incentive plans for team members and bounties and incentives for the community.
Liti Capital’s smart contract was audited by Certik.
