Kaj Labs

Inspire Innovation

Recent News

  • KaJ Labs Confirms 200m LITHO Token Burn Schedule, Supports Listing Terra Luna Classic on Cryptocurrency Exchange Coinbase

    Seattle, Washington--(Newsfile Corp. - January 30, 2023) - KaJ Labs has confirmed the upcoming 200M token burn schedule for Lithosphere network's native token, LITHO. LITHO allocated for the burn events will come from KaJ Labs and founder Joel Kasr's allocation contingent on approval from KaJ Labs' board of directors. The burn events will lead to the reduction of Litho's max supply to 800 million from 1 billion once the main network goes live in 2023. The burn events are apart...

    2023-01-30 1:00 AM EST
  • Lithosphere (LITHO) Developer KaJ Labs Announces Letter of Intent to Acquire Genesis Global Capital, DCG Assets For $1.5 Billion

    Seattle, Washington--(Newsfile Corp. - January 23, 2023) - KaJ Labs announced that it has issued a Letter of Intent (LOI) to acquire the assets of the distressed crypto firm Genesis Global Capital for $1.5 billion.KaJ Labs seeks to purchase the remaining qualified assets of Genesis Global Capital LLC. Genesis Global Capital, also known as Genesis Global Trading, is a cryptocurrency brokerage for institutional investors. Genesis is a subsidiary of Digital Currency Group (DCG). Genesis filed for Chapter 11 bankruptcy...

    2023-01-23 1:00 AM EST
  • Lithosphere (LITHO) Blockchain Developer Plans to Extend $830M Credit Facility to Genesis, Digital Currency Group (DCG)

    Seattle, Washington--(Newsfile Corp. - January 19, 2023) - Lithosphere blockchain core developer KaJ Labs is willing to help Digital Currency Group (DCG) with its insolvency issues by extending a credit facility of $830 million.The Lithosphere network aims to eliminate bottlenecks hindering mainstream blockchain tech adoption by offering a robust infrastructure for distributed value transfer and interoperability across multiple blockchain networks.Genesis, a crypto broker owned by DCG, halted withdrawals in its platform in November, to prevent a liquidity shortfall. Short after...

    2023-01-19 1:00 AM EST
  • Lithosphere (LITHO) to Launch Finesse P2E Game & NFT Collection on Tron Network

    New York, New York--(Newsfile Corp. - January 11, 2023) - Lithosphere developer KaJ Labs will utilize TRON for the Finesse P2E game and the upcoming NFT collection from the game. Lithosphere announced its play-to-earn (P2E) game series Finesse with two chapters, "Shadow Warriors" and "The Kingdom." The multi-player platformer features intense gameplay with mixed RPG elements.

    2023-01-11 1:00 AM EST
  • Lithosphere (LITHO) Blockchain Burns Millions of Terra Luna Classic in Anticipation of Finesse P2E Game Release

    Seattle, Washington--(Newsfile Corp. - December 19, 2022) - Lithosphere core developer KaJ Labs has burnt millions of LUNC in anticipation of the upcoming official release of Finesse: Shadow Warriors (FSW), where LUNC will be burned during game play. KaJ Labs announced in Oct. 2022 that it would integrate Terra Luna Classic (LUNC) in the game series and that a website would be established to allow individuals to view the burn in real-time.KaJ Labs announced that due to current market...

    2022-12-19 1:08 AM EST
  • Lithosphere (LITHO) Blockchain Announces Plans to Support & Burn 100T Shiba Inu in Finesse P2E Series' SHIB Metaverse

    Seattle, Washington--(Newsfile Corp. - December 12, 2022) - Lithosphere developer KaJ Labs has announced that the Finesse game series will compensate players with Shiba Inu (SHIB) and the SHIB will also be utilized as a payment method for some marketplace items. The Lithosphere (LITHO) core developers plan to implement a burn mechanism in the upcoming Finesse: Shadow Warriors play-to-earn game. With this move, the developers aim to burn 100 trillion Shiba Inu.Lithosphere's Finesse game series is as highly anticipated as...

    2022-12-12 1:01 AM EST
  • 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