Trending...
- TBM Council Appoints Four Distinguished Leaders to Board of Directors
- City of Tacoma Secures Over $4 Million in Transportation Improvement Board Grants
- Spokane: Council Members Official Swearing In Ceremony
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
- Q3 2025 Arizona Technology Industry Impact Report Highlights Shifting Job Demand, Semiconductor Momentum and Workforce Investment
- $6.4 Million Purchase of Construction Vehicles Plus New Dealership Agreement with Cycle & Carriage for Heavy Equipment Provider to Singapore Region
- Acmeware and Avo Partner to Bring Real-Time Data Integration to MEDITECH Customers
- CCHR Says Mounting Evidence of Persistent Sexual Dysfunction From Antidepressants Demands FDA Action
- New Analysis Reveals Most Patients Discontinue Weight Loss Drugs Within First Year
$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
- ICHRRF welcomes Sanjaya Sarpong-Kumankumah as Director of Outreach for African Traditional Religions
- Erik Kalasunas Joins ICHRRF As Director of Communications
- Spokane: Council Members Official Swearing In Ceremony
- International Law Group Expands Emergency Immigration Consultations for Somali Minnesotans Amid ICE Actions
- Spokane: Male In Custody After Domestic Violence Court Order Service Results In Emergent Entry Into A Residence; Multiple Firearms Recovered
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
- Greater Everett Chamber of Commerce Launches 2026 With "Brand Strategy 101" Lunch & Learn
- $1 Million Share Repurchase Signals Confidence as Off The Hook YS Scales a Tech-Driven Platform in the $57 Billion U.S. Marine Market
- Trends Journal's Top Trends of 2026
- CollabWait to Launch Innovative Waitlist Management Platform for Behavioral Health Services
- Urban Bush Women Celebrates Bessie Award Nominations & Winter 2026 Touring
- Imagen Golf Launches "Precision Lessons" with Trackman iO in Newtown, PA
- New Report Reveals Surprising Trends in Illinois Airport Accidents
- PebblePad Acquires myday to Deliver Unified Digital Campus Experiences for Student Success
- Adam Clermont Releases New Book – Profit Before People: When Corporations Knew It Was Dangerous and Sold It Anyway
- 30 Community Art Projects Funded by the Tacoma Arts Commission
- Dirty Heads, 311, Tropidelic, and The Movement to Headline Everwild Music Festival in 2026 with its largest lineup to date!
- The Stork Foundation Announces 2025 Year-End Impact and Grant Awards Amid Rising National Demand
- Stout Industrial Technology Appoints Paul Bonnett as Chief Executive Officer
- Revenue Optics Appoints Ljupco Icevski as Executive Advisor in Strategic Move to Accelerate Commercial Development
- Waarom brand mentions in ChatGPT steeds belangrijker worden
- Tacoma: City Council Approves 0.1% Criminal Justice Sales & Use Tax to Enhance Community Safety and Support Vital Services
- Tacoma: District 5 Council Member Joe Bushnell to Serve as Deputy Mayor in 2026
- City of Tacoma Secures Over $4 Million in Transportation Improvement Board Grants
- Sandesh Sadalge Sworn in as District 4 Tacoma City Council Member for First Full Term
- Tacoma: District 2 Council Member Sarah Rumbaugh Begins Second Term