KaJ Labs Locks 100 Million Lithosphere (LITHO) Tokens Until 2035 to Boost Network Security and Stability
- Written by Newsfile
Seattle, Washington--(Newsfile Corp. - March 7, 2023) - KaJ Labs, a leading blockchain-based firm and developer of the novel Lithosphere network, announced a 100M Lithosphere (LITHO)[1] lock-up from Feb. 22nd 2023 until Mar. 24th 2035[2]. The move is aimed at boosting network security and stability by restricting the use and movement of tokens for a set period.
"We are excited to lock-up this amount of LITHO to promote the security and stability of our network," said Joel Kasr[3], KaJ Labs's CEO. "By encouraging long-term holding and promoting token stability, we believe that we can build a more reliable and trustworthy blockchain network for our users and community."
Lithosphere To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8833/157450_ee5e550d44b22ac7_001full.jpg[4]
KaJ Labs recently[5] confirmed the upcoming 200M token burn schedule for Lithosphere network's native token, LITHO[6].
Lithosphere is the future infrastructure for distributed value transfer and will offer interoperability across multiple blockchain networks. It addresses bottlenecks hindering mainstream Web3 adoption.
###
About LithosphereLithosphere is a next-generation network for cross-chain decentralized applications powered by AI and Deep Learning.
About KaJ LabsKaJ Labs is a decentralized research organization focusing on AI and blockchain technology. We're driven to create innovative products that work for the greater good around the globe.
Media ContactDorothy MarleyPhone: (707)-622-6168Email: media@kajlabs.comKaJ Labs Foundation4730 University Way NE 104-#175Seattle, WA 98105Website: https://kajlabs.orgWebsite: https://lithosphere.network[7][8][9]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/157450[10]
References
- ^ Lithosphere (LITHO) (api.newsfilecorp.com)
- ^ Feb. 22nd 2023 until Mar. 24th 2035 (api.newsfilecorp.com)
- ^ Joel Kasr (api.newsfilecorp.com)
- ^ https://images.newsfilecorp.com/files/8833/157450_ee5e550d44b22ac7_001full.jpg (images.newsfilecorp.com)
- ^ recently (api.newsfilecorp.com)
- ^ LITHO (api.newsfilecorp.com)
- ^ media@kajlabs.com (www.newsfilecorp.com)
- ^ https://kajlabs.org (api.newsfilecorp.com)
- ^ https://lithosphere.network (api.newsfilecorp.com)
- ^ https://www.newsfilecorp.com/release/157450 (api.newsfilecorp.com)
