Lithium Price (LITH)

Lithium (LITH) is a decentralized protocol that aims to harness the power of artificial intelligence and collective wisdom to provide insights into the value of digital assets. It utilizes machine learning algorithms to evaluate historical market data and identify potential data issues. When additional human insights are needed, Lithium turns to its community of experts to provide valuable input. The protocol's initial focus is to aim to provide asset valuation to aid users in understanding the value of digital assets, thereby assisting them in making decisions.

Lithium operates by combining the wisdom of its community with machine learning to provide deep insights into digital asset markets. The protocol uses machine learning algorithms to analyze trading data and produce a base valuation. When machine learning struggles to perform, such as in price prediction for rare assets without sufficient trading data, the protocol supplements machine learning with wisdom from the community. The protocol incentivizes and aggregates opinions from the community to gauge market sentiment. Lithium also includes a Decentralized Autonomous Organization (DAO) that operates using smart contracts on the blockchain. Members of the DAO can vote on proposals related to the development and direction of the Lithium Finance platform.

Lithium has a range of potential use cases. It can be used by anyone seeking accurate pricing information to enable decision making, such as crypto projects, issuers, investors, lenders, and analysts. These users, known as Price Seekers, can post questions on asset prices or access Lithium's data and analytical tools. Price Seekers pay fees and contribute to prize pools that incentivize price providers (Price Experts) to submit accurate pricing estimates. Price Experts, who could be brokers, traders, investors, or anyone familiar with private market activities, offer their knowledge by responding to pricing inquiries posted by the protocol and receive bounties and reputation incentives.

Lithium was developed as a decentralized protocol that aims to harness the power of AI and crowd wisdom. The protocol uses machine learning algorithms to evaluate historical market data and identify potential data issues. When additional human insights are needed, Lithium turns to its community of experts to provide valuable input. The Lithium DAO, a community-driven organization that operates using smart contracts on the blockchain, was established to allow members to have a say in the decision-making process. The DAO manages the protocol by deciding on key parameters through the voting power of LITH token holders. The DAO also manages the treasury and any service fees the protocol may collect, spending them on research, development, and protocol upgrades.

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The current market cap of Lithium is $961.28K. A high market cap implies that the asset is highly valued by the market.

The all-time high of Lithium is $0.0461. This all-time high is highest price paid for Lithium since it was launched.

Over the last 24 hours, the trading volume of Lithium is $258.22K.

Assets that have a similar market cap to Lithium include Emirex Token, Civilization, Grin, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Lithium is 5.2 billion.