Trending...
- Spark Design Awards 2021 Deadline Breaking News
- Tacoma City Council's Joint Statement on Actions Underway to Address Community Safety
- FCTI, Inc. Announces New President
SEATTLE, Sept. 14, 2021 /PRNewswire/ -- El Salvador is the first country in the world to adopt bitcoin as legal tender. Now Joel Kasr, founder of KaJ Labs and Lithosphere, has pledged to gift 6,000 BTC to El Salvador and nations like Panama that are adopting bitcoin as legal tender.
The 10-year pledge will distribute the funds in various phases through the KaJ Labs Foundation. The Foundation set aside five percent of the total supply of $LITHO to social responsibility causes and this is the first cause that the foundation will be supporting. While a handful of nations such as Ukraine, Cuba and Germany have approved legislation to govern digital assets, El Salvador is the first to accept bitcoin as legal tender.
El Salvador's President Nayib Bukele spearheaded the effort to enable cryptocurrency to be allowed as legal tender. It became law in June 2021 and marked a worldwide historic first. It will spur investment in the country and assist the 70 percent of residents that don't have access to traditional banking services. It also aids Salvadorans residing outside the country that send money back to their homeland, that represents 24 percent of El Salvador's GDP.
The country purchased 400 bitcoin worth approximately $21 million the day before it adopted cryptocurrency as legal tender. Individuals that wish to conduct transactions with the cryptocurrency can sign up to the country's wallet app called Chivo with a national ID.
More on Washingtoner
$LITHO was recently launched on Binance Smart Chain. The LITHO utility token is used as gas on the Lithosphere blockchain similar to Ether on Ethereum and can be used for staking, governance of the network along with other value transfer functions. $LITHO is available for purchase via PancakeSwap and other BSC Decentralized Exchanges.
The Lithosphere blockchain will offer scalability and interoperability across multiple platforms that support Byzantine Fault-Tolerant (BFT) consensus for more flexibility, greater accessibility and faster transactions across multiple blockchain networks, while enabling other blockchains to retain complete authority over themselves. Multiple value-transfer methods can be conducted under a single management structure. With Lithosphere's Deep Neural Networks in smart contracts, content creators will be able generate visual art images and tokenize them as non-fungible tokens (NTF). To enhance Lithosphere network's security, individuals earn significant rewards by staking LITHO.
KaJ Labs recently announced a $500,000 $LITHO trading competition on the decentralized exchange PancakeSwap running from Sept. 1, 2021 at 7 UTC to Sept. 28, 2021 at 16:00 UTC. Individuals have the opportunity to win a share of the grand prize pool when LITHO is officially listed on 5 CEX (Centralized Exchanges).
More on Washingtoner
Lithosphere brings the future to life with its blockchain technology and unique approach to cryptocurrency. It's the first platform to implement Deep Learning in smart contracts through embedded Deep Neural Networks. Among the innovative features of the platform is its inclusiveness and interoperability with all existing wallets, cryptocurrencies and blockchains.
The launch of Lithosphere and the pledge of 6,000 bitcoin to El Salvador is an important part of the work of the KaJ Labs Foundation's commitment to social responsibility causes. The organization has also donated $5 million toward Ripple's legal defense fund vs. SEC.
About Lithosphere
Lithosphere is a next-generation platform for cross-chain decentralized applications powered by AI and Deep Learning.
About KaJ Labs
KaJ Labs is a decentralized research organization focusing on Artificial Intelligence and blockchain technology. We're driven to create innovative products that work for the greater good around the globe.
Media Enquiries
Juliet N.
Phone: 612-234-7321
Email: [email protected]
KaJ Labs Foundation
4730 University Way NE 104-#175
Seattle, WA 98105
Website: https://kajlabs.org
Website: https://lithosphere.network
SOURCE KaJ Labs
The 10-year pledge will distribute the funds in various phases through the KaJ Labs Foundation. The Foundation set aside five percent of the total supply of $LITHO to social responsibility causes and this is the first cause that the foundation will be supporting. While a handful of nations such as Ukraine, Cuba and Germany have approved legislation to govern digital assets, El Salvador is the first to accept bitcoin as legal tender.
El Salvador's President Nayib Bukele spearheaded the effort to enable cryptocurrency to be allowed as legal tender. It became law in June 2021 and marked a worldwide historic first. It will spur investment in the country and assist the 70 percent of residents that don't have access to traditional banking services. It also aids Salvadorans residing outside the country that send money back to their homeland, that represents 24 percent of El Salvador's GDP.
The country purchased 400 bitcoin worth approximately $21 million the day before it adopted cryptocurrency as legal tender. Individuals that wish to conduct transactions with the cryptocurrency can sign up to the country's wallet app called Chivo with a national ID.
More on Washingtoner
- Meet Local Author & Award-Winning Poet Katerina Canyon at Oh Hello Again Bookstore in Seattle, WA
- IAC retains Newmark for 7711 E Pleasant Valley Rd, Independence, OH
- 16:19 ET Anker Makes Design The Key Feature With Its New MagGo Line-up
- Seattle:
- Regent Surgical Health Announces Jeff Andrews as Chief Operating Officer
$LITHO was recently launched on Binance Smart Chain. The LITHO utility token is used as gas on the Lithosphere blockchain similar to Ether on Ethereum and can be used for staking, governance of the network along with other value transfer functions. $LITHO is available for purchase via PancakeSwap and other BSC Decentralized Exchanges.
The Lithosphere blockchain will offer scalability and interoperability across multiple platforms that support Byzantine Fault-Tolerant (BFT) consensus for more flexibility, greater accessibility and faster transactions across multiple blockchain networks, while enabling other blockchains to retain complete authority over themselves. Multiple value-transfer methods can be conducted under a single management structure. With Lithosphere's Deep Neural Networks in smart contracts, content creators will be able generate visual art images and tokenize them as non-fungible tokens (NTF). To enhance Lithosphere network's security, individuals earn significant rewards by staking LITHO.
KaJ Labs recently announced a $500,000 $LITHO trading competition on the decentralized exchange PancakeSwap running from Sept. 1, 2021 at 7 UTC to Sept. 28, 2021 at 16:00 UTC. Individuals have the opportunity to win a share of the grand prize pool when LITHO is officially listed on 5 CEX (Centralized Exchanges).
More on Washingtoner
- City of Tacoma Launches Two New Grant Programs to Ease Negative Economic Impacts of COVID-19
- City of Tacoma Launches Two New Grant Programs to Ease Negative Economic Impacts of COVID-19
- FreeFall 5G Unveils Unique mmWave Advanced Antenna System for Next Generation Commercial Telecom Equipment at Mobile World Congress Los Angeles 2021
- 15 Items to Gather After a Loved One Dies
- 09:01 ET Vasudevan Sundarababu Joins Pactera EDGE to Lead Its Global Digital Engineering Practice
Lithosphere brings the future to life with its blockchain technology and unique approach to cryptocurrency. It's the first platform to implement Deep Learning in smart contracts through embedded Deep Neural Networks. Among the innovative features of the platform is its inclusiveness and interoperability with all existing wallets, cryptocurrencies and blockchains.
The launch of Lithosphere and the pledge of 6,000 bitcoin to El Salvador is an important part of the work of the KaJ Labs Foundation's commitment to social responsibility causes. The organization has also donated $5 million toward Ripple's legal defense fund vs. SEC.
About Lithosphere
Lithosphere is a next-generation platform for cross-chain decentralized applications powered by AI and Deep Learning.
About KaJ Labs
KaJ Labs is a decentralized research organization focusing on Artificial Intelligence and blockchain technology. We're driven to create innovative products that work for the greater good around the globe.
Media Enquiries
Juliet N.
Phone: 612-234-7321
Email: [email protected]
KaJ Labs Foundation
4730 University Way NE 104-#175
Seattle, WA 98105
Website: https://kajlabs.org
Website: https://lithosphere.network
SOURCE KaJ Labs
Filed Under: Business
0 Comments
Latest on Washingtoner
- CBC Releases Leica Geosystems BLK247 Smart 3D Surveillance System now available in two versions and integrated with CORTROL VMS
- Nutrition Industry Executive Awarded Runner-Up for NIE 2021 Award Category: Excipients/Non-Actives/Delivery Systems to Stratum Nutrition's VitaSperse
- Detroit's Romantic Dramedy 'Match Made' Burns Up the Screens and Touches the Soul
- VORAGO Technologies Announces Two New Radiation-Hardened Microcontrollers for Aerospace and Defense
- Parallel Breaks Ground on Apartment Project at Northgate
- myLAB Box Offers Self-Testing to Help People Regain Their Everyday Lives
- Tri-Service Open Architecture Interoperability Demonstration to Focus on Modular Open Systems Approach (MOSA) Innovations in March 2022 Event
- Spark Design Awards 2021 Deadline Breaking News
- Professional Model Holly Sonders Has a New Love Life with Oscar de la Hoya and is Taking Social Media by Storm Making Six Figures a Month
- Carrington College in Spokane Announces New Campus Director
- Piroshky Piroshky Celebrates 29 Years In Business
- 13:48 ET Pacific Science Center Teams Up with AWS and the Seattle Kraken to Light Up its Iconic Arches as Part of the Game-Day Experience
- George Stieglitz - Century Fasteners Corp. Co-Founder and Fastener Industry Trailblazer, Dies
- New book argues Book of Revelation portrays the Moses of the Pentateuch as the False Prophet
- FCTI, Inc. Announces New President
- Euro Note Souvenir releases commemorative note of IRA revolutionary Bobby Sands
- 08:48 ET Holman Named as a Top 50 Leading 3PL Company
- Iconic Sports Pop Culture Artist Costacos Unveils New Blockchain-based Digital Collectibles Company
- Tacoma City Council's Joint Statement on Actions Underway to Address Community Safety
- Tacoma City Council's Joint Statement on Actions Underway to Address Community Safety