Trending...
- City Council to Discuss 'Connect Tacoma' Transportation Levy Replacement at April 14 Study Session
- Bold Beauty Project Announces Exhibition at Palazzo Mora Venice, Italy
- Dividend Stock Guru Unveils High Yield Dividend Stock Research Reports
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
- Evermore Bliss Launches AI Wedding Speech Writer to Help Users Create Personalized, Heartfelt Toasts
- Keenethics enters the ChatGPT Apps ecosystem as a new growth opportunity for businesses
- Spring Into Your New Home at Heritage at South Brunswick
- UK Financial Ltd Launches UKFL Premier One as Its Official Broadcast Channel for Premium Content, Podcasts & Independent Expert Analysis
- The Great Junk Hunt Returns to Its Roots in Puyallup
$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
- Mayor Anders Ibsen and Council Member Kristina Walker Urge Tacoma Residents to Participate in Sound Transit's Public Survey
- HarryPotterObamaSonic10Inu (Ticker: BITCOIN) Is the Best Cryptocurrency in Global History
- Dual-Engine Growth Strategy Unleashed Targeting a $9.1B Market and the Exploding AI Biotech Revolution: KALA BIO (N A S D A Q: KALA)
- GitKraken Desktop 12.0 Introduces Agent Mode: Gives Developers Ultimate Control & Visualization While Scaling Parallel Agent Workflows
- 5 Things to Check Before Calling for AC Repair in Philly
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
0 Comments
Latest on Washingtoner
- City Council Adopts Resolution Transmitting 'Connect Tacoma' Ballot Measure to Pierce County Auditor for August 4, 2026 Primary Election Ballot
- Lucky Envelope Brewing Celebrates 11th Anniversary
- PeopleNTech Releases 2026 Report Featuring Farhana Hanip: Women-Led Tech is the Business Imperative
- New Book: The Battle for Truth and Shadows - Guardians of Light - Epic Fantasy Unveils a War Between Light and Deception
- Clash of Prompts: The World's First AI Prompt Battle Royale
- $7.6 Billion US Crypto ATM Market by 2034; California and Texas Crypto ATM Deployments for Bitcoin Bancorp (Stock Symbol: BCBC); 1000 Kiosk Inventory
- MainConcept Announces Multiview Encoding for Apple Immersive Video
- CCHR Rejects Global Psychiatric Push to Electroshock Children
- iVAM2-ST2110 to Simplify IP Transitions and Reduce Monitoring Complexity
- Americans Leave Behind or Discard 42% of Their Belongings When Moving Out for the First Time, Talker Research Finds
- Central Florida Luxury Real Estate Firm DANHOLM COLLECTION Partners with Luxury Presence to Expand Global Buyer Reach
- Advantage Marketing Launches 3-Minute Assessment to Help SMBs Diagnose and Fix Marketing Gaps
- InterMountain Management Announces the Re-opening of Holiday Inn Express & Suites Alexandria
- City Council to Discuss 'Connect Tacoma' Transportation Levy Replacement at April 14 Study Session
- CB Stuffer Expands New England Footprint with Launch at Common Man Roadside in Hooksett, NH
- Contracting Resources Group Named to the 2026 Inc. Regionals: Mid-Atlantic List
- Dividend Stock Guru Unveils High Yield Dividend Stock Research Reports
- Charging Into the $30 Billion Heart Failure Market with Late-Stage Momentum, Breakthrough Data, & Strong Financial Backing: Cardiol Therapeutics $CRDL
- All American Home Renovators: Transforming Bathrooms into Masterpieces, One Home at a Time
- Bold Beauty Project Celebrates Anniversary with Collaborative Exhibition at FIU's Miami Beach Urban Studios