KaJ Labs Announces Lithosphere (LITHO) Buy Back Program, Jot Art (JOT) GameFi Token is Launched
Chicago, Illinois--(Newsfile Corp. - May 1, 2023) - KaJ Labs has announced the launch of the LITHO buy back program to increase shareholder value. The program will allow Lithosphere to repurchase outstanding LITHO tokens. The buy back program is part of Lithosphere's ongoing efforts to enhance the ecosystem and ensure long-term network sustainability. "With this program, we are demonstrating our confidence in the long-term prospects of Lithosphere and our commitment to the LITHO community,"...
2023-05-01 5:32 AM EDT
KaJ Labs Supports Campaign to List Lithosphere (LITHO) & Jot Art (JOT) on Huobi Global Exchange
Seattle, Washington--(Newsfile Corp. - April 19, 2023) - The KaJ Labs team, core developers of the novel Lithosphere A.I blockchain support the voting campaign to list both LITHO and JOT on Huobi Global, a leading global blockchain asset financial service provider. JOT received over 3.5 million $HT votes during the previous round of the Huobi PrimeVote 3 campaign. The Jot Art metaverse is an ecosystem within the Lithosphere community powered by the JOT token. In June 2022, Jot Art announced...
2023-04-19 1:00 AM EDT
KaJ Labs Burns Millions of Lithosphere (LITHO) Tokens in Anticipation of Finesse P2E Game Release
New York, New York--(Newsfile Corp. - April 12, 2023) - Lithosphere core developer KaJ Labs is proud to announce the successful completion of the first LITHO token burn, removing 2 million LITHO tokens from circulation. This strategic move is part of Lithosphere's ongoing efforts to enhance the scarcity of its native cryptocurrency, LITHO. KaJ Labs has also announced that the season premiere for Finesse Shadow Warriors P2E game will be rescheduled for August 18, 2023. Lithosphere's...
2023-04-12 6:16 AM EDT
Lithosphere (LITHO) Introduces Deep Neural Networks for Smart Contracts, a First in the Blockchain Industry
Chicago, Illinois--(Newsfile Corp. - April 4, 2023) - Lithosphere has announced the introduction of deep neural networks (DNNs) for its smart contract ecosystem. This marks the first time DNNs will be integrated into a blockchain-based platform, offering significant potential benefits for decentralized finance (DeFi) and numerous other applications. Smart contracts have become increasingly popular in recent years, with the ability to automate transactions and reduce the need for...
2023-04-04 1:00 AM EDT
Lithosphere (LITHO) Blockchain Developers Deny Partnering With Coinbase To Burn 2.5 Trillion LUNC and Repeg USTC
Seattle, Washington--(Newsfile Corp. - March 20, 2023) - A recent rumor circulating online claims that Lithosphere/KaJ Labs is partnering with Coinbase to burn 2.5 trillion Terra Luna Classic (LUNC). However, KaJ Labs would like to clarify that there is no truth to these rumors and they have no affiliation with Coinbase or its affiliates. KaJ Labs does plan to partner with other tier 1 exchanges in the future on the Luna Classic burn, but confirms that it is not Coinbase at this time. At this...
2023-03-20 12:00 AM EDT
KaJ Labs Locks 100 Million Lithosphere (LITHO) Tokens Until 2035 to Boost Network Security and Stability
Seattle, Washington--(Newsfile Corp. - March 7, 2023) - KaJ Labs, a leading blockchain-based firm and developer of the novel Lithosphere network, announced a 100M Lithosphere (LITHO) lock-up from Feb. 22nd 2023 until Mar. 24th 2035. The move is aimed at boosting network security and stability by restricting the use and movement of tokens for a set period. "We are excited to lock-up this amount of LITHO to promote the security and stability of our network," said Joel Kasr, KaJ Labs's CEO. "By...
2023-03-07 3:19 AM EST
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 of...
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...
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,...
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...
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...
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...
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...
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 litigation. The LUNC...
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...
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...
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...
2022-10-03 1:01 AM EDT