It is becoming increasingly difficult to stay on top of all new cryptocurrency projects. The crypto market has seen an explosion in scams and rug pullings. It has made it difficult to promote blockchain technology in mass adoption and Web 3.0 protocol growth.
It’s easy to see that the early investors in crypto are the ones who win. Investors rush to invest in tokens without considering the basic principles behind them. This can lead to costly losses. Investors should keep an eye on promising projects. There are many crypto aggregators who search the millions of projects in order to identify the most profitable tokens early in the project’s lifecycle.
Lithium Ventures, a trusted and decentralized platform, offers a rare opportunity to its owners to get access via native $EBSC token initial DEX offering, airdrops and token launches. This platform, which is independently audited, lists promising crypto projects to help investors get a better return on their investments. The model increases engagement and loyalty in the community and allows the platform to attract more projects as well as investors.
Lithium Ventures: The Rise and Life
Lithium Ventures
Lithium Ventures was founded in April 2021 to address the growing number of scams and rug pullings in early stage cryptocurrency. IDOs became more popular as crypto communities began to move towards decentralization. They replaced the ICOs (initial coin offerings) and were designed to create transparent, trusted, and safer token launches. Decentralized launchpads still allowed poor founders or people with bad intentions to raise money and not build anything.
Lithium Ventures developed a launchpad decentralized to focus on KYCed high-quality teams with proven track records in order to solve the problem. It is designed to encourage capital allocation for well-functioning projects and teams with real-world goals. It consists of an operational cross-chain launchpad. The platform has been successful in 10 cases, with 8 IDOs that were not yet subscribed.
Participation in Lithium Ventures IDO
Before we can explain how you can participate in a decentralized platform, let’s first look at the motivation behind Lithium Ventures, the $EBSC token. Investors can simply hold/take the tokens and earn an incentive. It also generates passive income to their investors because the token functions as a utility token and unlocks the value of the other projects on launchpad. Holders with $EBSC have access to IDO launches early, airdrops and the opportunity to vote in proposals.
So how exactly do you participate in an IDO?
1. Secure your tokens & tier
The first thing you will need to participate in the Lithium private sale IDO’s are $EBSC tokens. These tokens can be used to buy early-stage projects or guarantee allocations of tokens during the private sale round. Investors are divided into four tiers by the platform: Starter, Investor Strategist and Evangelist. The tokens allocated to higher tiers are proportionately greater than those at lower levels.
2. Get $EBSC tokens now
After you receive your $EBSC tokens you need to stake them. Staking doesn’t need to be done before the IDO opens for investment. This article explains the steps involved in staking.
3. Investing & Claiming in a Launchpad Project
Lithium Ventures uses an oversubscription model instead of first-come first-serve for its launchpad projects. To allow for wide distribution, while minimising the influence of market monopolists whales, Lithium Ventures uses an oversubscription model. This creates an open and transparent token launch system that gives everyone equal opportunities to purchase early into projects.
Further explanation: investors still get a portion of tokens in cases of oversubscription, which is mainly due to whale influence. You may get a refund of 1.2 BNB if the IDO is undersubscribed if you have invested 2 BNB.
You will receive an email letting you know when your IDO tokens are due to be claimed once you have made the investment. Once opened, you simply head to the claiming page and click ‘Claim’ and the IDO tokens will show up in your Metamask wallet.
The final words
It is crucial to understand the project and avoid falling for scams as the world becomes more decentralized. Lithium, a launchpad that allows investors to discover crypto-projects in their early stages before the mainstream, can help them do so while also maintaining KYC checks and audits. This transparency will ensure there are no scams or rug pulls.