Lithium Finance Partners with Genesis Shards to Give Fair Valuation on Pre-IDO Tokens
- Genesis Shards will be one of the Wisdom Seekers in the Lithium ecosystem and will receive accurate pricing information on pre-IDO tokens in a timely fashion.
- With Wisdom Nodes specializing in pricing early-stage crypto projects, pre-IDO tokens on Genesis Shards will be priced objectively, benefiting token owners and investors.
- Bridging DeFi with the private investment world has been one of the goals of Lithium. The Lithium — Genesis Shards partnership pushed one step forward in realizing this goal.
Lithium Finance is proud to announce the partnership with Genesis Shards, a decentralized Polkadot ecosystem that uses NFTs as DeFi options. Genesis Shards will participate in the Lithium ecosystem as a Wisdom Seeker and receive pricing information on pre-IDO tokens available on Genesis Shards. Lithium Finance will also come aboard as an Oracle partner for the Genpad pre-IDO launchpad, wherein it can collaborate with upcoming projects as their pricing information provider.
Wisdom Seekers and Wisdom Nodes are the two major stakeholders in Lithium. Wisdom Seekers request pricing from Wisdom Nodes on specific private assets, such as pre-IDO tokens on Genesis Shards. Wisdom Nodes who offer truthful and accurate answers will be rewarded, and those who give false information will be punished.
With Wisdom Nodes specializing in pricing early-stage blockchain companies, Wisdom Seekers such as Genesis Shards will improve the pricing mechanism for all future offerings. It will be an essential piece of infrastructure to bring unique investment opportunities into DeFi. This also aligns with Lithium’s vision of bringing more private and illiquid assets into the DeFi space.
David Lighton, Co-founder of Lithium Finance, explained,
“Genesis Shards is truly a one-of-a-kind project. It uses NFTs as a vehicle to bring new investment opportunities to the DeFi crowd. With the Lithium data oracle, the pricing process is expected to be improved noticeably. We are glad that the Genesis Shards team sees the need of having a pricing infrastructure.”
Garlam Won, Co-founder of Genesis Shards, added that
“As a protocol focused on pre-IDO tokens, it has been challenging for us to find a suitable oracle until we meet Lithium Finance. So we are glad that finally there’s a DeFi oracle focused on private and illiquid assets.”
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.
About Genesis Shards
Genesis Shards is a decentralized ecosystem powered by Polkadot redefining NFTs as DeFi options, creating a permission less environment of interchain liquidity for pre-IDO tokens. The next major steps in Genesis’s journey will be announced soon! Keep an eye on this space for updates.
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