Kaj Labs

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Recent News

  • Lithosphere (LITHO) Developer KaJ Labs to Issue Second LOI to Voyager Digital

    Seattle, Washington--(Newsfile Corp. - November 22, 2022) - KaJ Labs, developer of Lithosphere (LITHO), announced that it will extend a second offer to Voyager Digital Holdings to acquire its assets. KaJ Labs still sees value in Voyager Digital's assets.On July 11, 2022, KaJ Labs announced it had issued a Letter of Intent (LOI) to acquire Voyager's assets. KaJ Labs management believed it was negotiating in good faith with Voyager, a claim that Voyager management denied during its Chapter 11 bankruptcy...

    2022-11-22 5:30 AM EST
  • Lithosphere (LITHO) Developer KaJ Labs Disputes $2B Exposure to FTX/Alameda Research

    Seattle, Washington--(Newsfile Corp. - November 14, 2022) - KaJ Labs is disputing the $2B Exposure to FTX/Alameda Research. The creator of Lithosphere (LITHO) announced that it unequivocally had no exposure to FTX, its trading firm Alameda Research, or charitable arm, FTX Future Fund.Fake reports on social media feeds have reported that KaJ Labs had an indirect exposure of more than $2 billion with FTX/Alameda. This is not true. Neither is KaJ Labs looking to offer a credit facility to FTX...

    2022-11-14 9:27 AM EST
  • KaJ Labs Announces $55 Million Grant Program for Luna Classic Developers to Fund Projects Building on Terra Classic and Lithosphere (LITHO)

    Seattle, Washington--(Newsfile Corp. - November 2, 2022) - KaJ Labs, the developer of Lithosphere (LITHO), is planning on establishing a $55 million grant program for developers building dApps on the Terra Classic chain and Lithosphere. Priority will be given to projects that showcase real world utility for Lithosphere, while implementing a burn mechanism for Terra Classic (LUNC).The KaJ Labs Foundation will advise and fully support development teams working on the revival of the Luna Classic network. The Foundation will bring...

    2022-11-02 1:00 AM EDT
  • Lithosphere (LITHO) Blockchain Developers Dispute Reports of Collaboration with Binance on 2.5 Trillion Terra Luna Classic Burn

    Seattle, Washington--(Newsfile Corp. - October 25, 2022) - Rumors and reports have been circulating online indicating that Lithosphere/KaJ Labs is working with Binance on the 2.5 trillion Terra Luna Classic (LUNC) burn. KaJ Labs wants to make it clear with audiences and the community that this has no basis in truth or fact.Although Lithosphere's native token LITHO runs on Binance Smart Chain (BSC) for now, KaJ Labs has no affiliation whatsoever with Binance or its affiliates. Lithosphere does hope to...

    2022-10-25 3:00 AM EDT
  • Lithosphere (LITHO) Developer KaJ Labs Makes Offer to Acquire Remaining Assets of Luna Foundation Guard For Terra Classic USD's (USTC) Reserve to Burn LUNC in FINESSE

    Seattle, Washington--(Newsfile Corp. - October 18, 2022) - KaJ Labs, developer of Lithosphere (LITHO), announced that it plans to buy Luna Foundation Guard's (LFG) assets for $26 million. The assets will be used for Terra Classic USD's (USTC) reserve and to burn LUNC and via the Finesse game series.The announcement by KaJ Labs comes in the wake of LFG indicating it was unable to disperse its remaining assets to UST holders. LFG said this was due to pending and potential...

    2022-10-18 2:00 AM EDT
  • Seattle-based KaJ Labs Commits an Additional $450 Million to Accommodate 2.5T Terra Luna Classic Burn with Lithosphere (LITHO) Blockchain

    Seattle, Washington--(Newsfile Corp. - October 10, 2022) - KaJ Labs, the core developer of Lithosphere (LITHO), announced that it will allot an additional $450 million to accommodate and accelerate the burn of Terra Luna Classic (LUNC) in its upcoming Finesse Shadow Warriors P2E game. That's in addition to the $100M that Lithosphere already allocated for the burn.The additional funds will facilitate a 20 percent increase in monthly burn quotas in the Finesse Shadow Warriors game in Q1 2023 and through...

    2022-10-10 1:00 AM EDT
  • Lithosphere (LITHO) Blockchain Releases Roadmap for Implementing Terra Classic & Burning 2.5 Trillion LUNC

    Seattle, Washington--(Newsfile Corp. - October 6, 2022) - Lithosphere (LITHO), confirmed it will integrate Terra Luna Classic (LUNC) in its upcoming Jot Art Finesse game series launch on Dec. 18, 2022 with a goal to burn 2.5 Trillion Terra Luna Classic (LUNC) during FINESSE: Shadow Warriors' gameplay. Lithosphere core developer, KaJ Labs is bringing gaming utility to Terra Luna Classic (LUNC), while speeding up the burning process to manage LUNC's supply.The Lithosphere project and KaJ Labs are committed to supporting...

    2022-10-06 9:42 AM EDT
  • Lithosphere (LITHO) Blockchain Confirms Upcoming Burn of 2.5 Trillion Terra Luna Classic (LUNC) During FINESSE P2E Gameplay

    Seattle, Washington--(Newsfile Corp. - October 3, 2022) - Lithosphere core developer, KaJ Labs, recently announced that it was planning to implement Terra Luna Classic (LUNC) as one of the networks in its cross-chain FINESSE games. The next-generation network has now made the decision official. It will burn 2.5 trillion in LUNC used in the network's new FINESSE game series. KaJ Labs will allocate $50 million to $100 million to facilitate the burn during the first season of Finesse. "The Foundation...

    2022-10-03 1:01 AM EDT