Trending...
- Spokane: Flags Lowered for the Victims of the Longview Tragedy
- A Statement from Pierce County Executive Ryan Mello and Tacoma City Council Member Kristina Walker on Vote Regarding Sound Transit 3 Long-Range Financial Plan
- Tacoma: OMWBE Certification 201 Workshop on May 28
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
- Top 15 Mosquito-Infested Cities in Louisiana and East Texas Ranked for 2026 Mosquito Season
- From Broken to Soaring Week 40
- Tacoma Dome Welcomes Class of 2026
- Finnish Political Satire Film Generates 10,000+ Cross-Platform Interactions Following Gandalf Parody Video Across TikTok, YouTube and Telegram
- City of Tacoma Launches 'Tidy-Up Tacoma: Summer 2026' With Major Gateway Cleanup Effort
$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
- Grady Bay Capital Completes Acquisition of Brickhouse GPS
- AI Is Making It Easier for API-First Platforms to Connect, Partner, Reach Customers, and Grow Revenue Faster
- 2026 Editorial Freelancers Association Conference Focuses on Building Sustainable Careers
- netElastic Powers LigaT's High-Performance Broadband Expansion and IPv6 Modernization in Portugal
- Raiku launches rkuSOL with Sanctum, Kamino, Loopscale and Exponent
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
- Tuckwell Machinery Launches New Range of Woodworking Machinery
- A Brave Little Hero with Four Paws
- Arux Group CEO Calls on Security Industry to End Hidden Subcontracting and White-Papering
- Revenue Optics Expands Its Private Equity Practice as Sponsors Move Inside Sales to the Center of Distribution Value Creation
- Ecuador Freedom Launches First Scheduled Motorcycle Tour of Northern Peru's Lost Kingdoms
- Lineus Medical Completes Financial Restructuring with KMF Investments- Launching a New Era for SafeBreak
- Neuro Recovery Institute Showcases Emerging Immersive Neuro-Rehabilitation Technology at Clinical Innovation Open House
- Community, Conservation & Waterwise Inspiration Bloom on June 6
- Industrial and systems engineers celebrate key leaders in the field at IISE Annual Conference
- Cosanostra Miami Rises as the Best Latin Nightclub in Miami in Under Two Years From its Opening
- CCHR Leader's 50-Year Fight for Psychiatric Drug Victims Gains National Momentum
- Author Releases 7-Day Screen Time Reset for Families as Teachers Worldwide Report Children "Struggling to Grasp Basic Concepts"
- Men's Health Month Begins with Record Proclamations, AP News Coverage, & National Momentum for Men's Health
- AdvisorVault Adds Social Media Archiving to its Consolidated D3P Service
- UK Financial Ltd Audits Full Ethereum Architecture Verifies Corporate Wallets and 19-Token Ecosystem Ahead of CoinMarketCap Filing for Global Ranking
- Spokane: Flags Lowered for the Victims of the Longview Tragedy
- Creative Investment Research Analysis Finds Slower GDP Growth, Rising Inflation
- Award-winning author Diana Colleen Explores Psychedelic Therapy, Climate Change and Billionaire-ism
- TechHouse Earns Highly Selective Microsoft Support Badge
- Spokane: Flags Lowered for Former State Legislator Sam Hunt