Lithium Finance Introduced Wisdom Node Dashboard
Lithium Finance is proud to give a sneak peek of its new product to their community. This came after the dual IDO + IEO on Polkastarter and KuCoin earlier this month.
INTRODUCING WISDOME NODE DASHBOARD
The Wisdom Node Dashboard summarizes their overall performance and what questions are available for them to answer. Once the wallet is connected, it will show the number of claimable $LITH tokens. The primary purpose of Wisdom Nodes in the Lithium ecosystem is to answer questions from Wisdom Seekers regarding the valuation and pricing of specific private assets. When a Wisdom Node picks up a question from the Dashboard, the Node will be redirected to the Question Set page.
The Wisdom Node will need to answer a series of questions from the same asset category and indicate their confidence percentage for each answer. Last but not least, the Wisdom Node will need to stake LITH tokens to show how confident they are of getting the answers correct. The more LITH tokens a Wisdom Node staked, the more confidence it indicates.
Reward Claiming & Answers History
Once the question set expires, Wisdom Nodes are no longer able to submit answers. When a sufficient number of honest nodes reach a consensus, Wisdom Nodes will see the results in the History/My Answers section. . Note that the more random answers or bot responders will not move toward a final goal. Only honest and accurate answers will move the protocol toward reaching consensus.
If the Wisdom Nodes answered honestly and accurately, the system would show the claimable LITH tokens of that question set and the set resolved on which block. On the other hand, if the Wisdom Nodes provided random or poorly answered or were simply dishonest, the system will show how many tokens they have lost from the set.
ABOUT Lithium Finance
Lithium Finance is the first collective-intelligence pricing oracle to give precise and timely pricing on private, illiquid assets. It rewards analysts who provide truthful information and punish those who offer false pricing data. As a result, Lithium’s users obtain pricing for all hard-to-value assets such as pre-IPO stocks, private equity, and other illiquid assets effectively.
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