As the new year is fast approaching and 2016 is leaving with so much innovations in terms of the alternative coins (altcoins) also known as the crytocurrencies, another project is unveiled and plan to hit the market through it's Initial Coin Offerring (ICO) that will start on the second day of the New Year.
Lithium (XLTH) is a peer-to-peer self-regulating ledger system whose primary application is currency, a cryptocurrency. It was developed with 100% new source code, it does not draw code from other repositories but it is inspired by the foundations laid by the likes of Bitcoin, NXT, Peercoin and Clarity.
The Lithium Project will start it's normal ICO on January 2, 2017, but as the cryptoworld is getting tired of those failed ICO's they are doing some safety precautions to make this project successful.
They combine distribution methods to mitigate the flaws of using only one method in terms of ICO, they are doing the following:
-85% of the total coin supplies were place to the Initial Coin Offerring
-5% will be given FREE to those who will participate on their FREE DISTRIBUTION
-5% will be allocated for Signature Campaign at Bitcointalk forum.
-5% will be allocated for BOUNTIES like translations, twitter and posting about XLTH.
The ICO aims to raise 20-25 BTC to fund the development of LITHIUM and it's projects.
They are giving bonuses/discounts for all the early buyers with the following discounts percentage:
-1st day (January 2) buyer will receive 26% discount
-1st week buyer will receive 17% discount
-2nd week buyer and 3rd week buyer will receive 11% and 5% discounts respectively.
The original plan to release android and web wallets is by Janury 2 but they made it ahead of their planned schedule, an eminent sign of the seriousness of the team behind The Lithium Project.
for some more information about the project, kindly visit their ANN Thread here: https://bitcointalk.org/index.php?topic=1717241.0
