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Dubai, U.A.E., March 10, 2022 — MRHB DeFi Network, the world’s first decentralized finance (DeFi) platform focused solely on providing ethical and halal crypto opportunities, is listing its $MRHB token on BitMart, a global centralized cryptocurrency exchange (CEX). This follows its current listing on LBank Global Exchange as well as popular DEX, Pancakeswap.
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Further to a recent announcement, Rikkei Finance launched its dual IDO and IEO for its native governance token today, quickly selling out. Currently, Rikkei’s native token, $RIFI, is live trading on both Huobi and PancakeSwap.
Rikkei Finance is a metaverse DeFi protocol, built on Binance Smart Chain, that enables safe and secure open lending offering cross-chain support, NFT collateralization, and peer-to-peer insurance cover. The long-awaited IDO started alongside Rikkei Finance’s IEO, having previously been postponed since August.
It follows a successful $5.6 million fundraising round with investors including Signum Capital, X21 Digital, and Kyber Network, as well as the $RU token NFT project IDO for its RiFi United play-to-earn soccer manager simulator.
RedKite is a cutting-edge launchpad powered by PolkaFoundry as part of the growing $PKF ecosystem. Projects are chosen carefully through a vetting procedure that analyzes the team and implementation capabilities.
Participants were able to register between December 3-6, with the IDO pool launching today, December 7. Phase 1 buying (guaranteed allocation) ran from 11:00 AM UTC to 12:00 PM UTC. Phase 2 (first come, first served) ran from 12:00 PM UTC to 12:15 PM UTC, and the community pool from 12:15 PM UTC to 12:30 PM UTC.
As previously mentioned, $RIFI is not live trading.
Regarded as a leading global digital asset exchange dedicated to providing secure and reliable digital asset trading, Huobi is listing $RIFI today on its brand new token listing platform, Primelist. The sale period runs from 10:00 AM UTC to 12:20 PM UTC, with trading time beginning at 1:00 PM UTC. Participants were offered two methods for registering for the sale: Queue or HT Holding.
To register via Queue, participants had to sign up on Huobi Global and complete the advanced verification process before 10:00 AM UTC on December 7, holding at least 50 USDT in their exchange account.
From 10:00 AM UTC to 11:00 AM UTC, eligible users register to participate in the event, with 5,000 lucky users randomly selected to qualify for the purchase and allocation of 50 USDT worth of $RIFI each.
To register via HT Holding, participants also had to sign up on Huobi Global and complete the advanced verification process before 10:00 AM UTC on December 7, having had 3-day minimum average holdings of 300 HT between December 3-6.
From 10:00 AM UTC to 11:00 AM UTC, eligible users register to participate in the event with the system automatically executing purchase orders for the maximum amount of USDT they could use for the order placement, allocating new tokens for each participant on a pro-rata basis.
Interested parties can now purchase $RIFI tokens on Huobi or PancakeSwap.
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Geneva, Switzerland, August 24, 2021 — Liti Capital’s wLITI token, a wrapped version of the Swiss company’s LITI equity token, has been listed on the Bitcoin.com Exchange on 24 August at 10:00AM UTC. wLITI is trading with BTC and USDT pairs.
Liti Capital, a Swiss-based blockchain private equity fund specializing in raising capital for legal cases, is making waves in traditional investing by bringing litigation financing to the masses, an investment practice traditionally monopolized by hedge fund heavyweights and elite investors.
Just last week, 19 August 2021, Liti Capital announced that it was funding a claim (www.binanceclaim.com) against Binance, which would enable affected individuals to pursue claims, including, if necessary, in arbitration, for compensation in relation to the exchange failing on 19 May 2021. This failure resulted in the trading accounts (including Futures, Margin, and Leveraged Token products) of at least 700 and potentially thousands of individuals being effectively untradeable for hours, causing traders to suffer losses that could exceed one hundred million dollars.
Litigation financing is the practice of bringing in investors to cover the cost of a lawsuit or arbitration in exchange for a portion of the profit. Litigation financing specialists, such as Liti Capital, purchase litigation assets for cases they deem to have a high chance of winning.
While litigation financing often requires an initial investment of $500,000 to $1 million from an investor, Liti Capital makes it accessible for anyone with as little as $50. It does this by tokenizing shares in Liti Capital and paying out dividends to Liti Capital (LITI) equity token holders when a case in Liti Capital’s portfolio is won.
Liti Capital has already secured a healthy case portfolio with its largest case potentially worth more than $1 billion when it finally settles. Cases like these, which tend to be commercial rather than consumer or personal lawsuits, usually target large-scale corporate disputes valued at more than $10 million. While they could take years before a settlement is reached, successful litigation funders can expect to pocket between three and five times their initial investments, according to estimates by litigation finance expert Steven Friel.
wLITI is an ERC-20 token that is the wrapped version of the LITI equity token. Launched on June 29, 2021, the wLITI token is suitable for trading on exchanges such as Bitcoin.com, whereas the LITI token is only available through liticapital.com after meeting KYC requirements. Liti Capital uses the blockchain to manage its share registry. Development of its own blockchain-based case management tools is on its roadmap.
Switzerland-based Liti Capital creates wLITI at a LITI token buyer’s request via Liti Capital’s app or website, which converts the LITI to wLITI at a 1:5000 ratio. The tokens will always maintain this ratio. The buyer is then able to trade their wLITI freely. Liti Capital does not directly sell wLITI.
LITI is a true digital share of Liti Capital that has voting rights, pays dividends and is protected under Swiss law. LITI is purposely not designed to be on exchanges at this time.
Both tokens represent Liti Capital, whose mantra is “private equity for all.” Liti Capital works exclusively in a single form of private equity — Litigation Finance, also called third party funding. This asset class has remained almost entirely exclusive to hedge funds and venture capitalists since its inception several decades ago. Litigation Finance is the practice of financing all or part of a legal case on behalf of a plaintiff for an agreed upon percentage of the court award.
Once Liti Capital purchases a portion of ownership of a case, it provides capital that can be used in many ways: legal fees, case management and strategy, expert witnesses, intelligence work and whatever else is needed to give the plaintiff the best chance of winning the case and collecting the award. The portion owned by Liti Capital becomes a “litigation asset” that backs the LITI token.
Danish Chaudhry, CEO of Bitcoin.com Exchange, shared his views on wLiti’s listing, saying,“The Liti Capital team are providing an equity token which is the first of its kind, focused around easy-to-access private equity investment opportunities for basically anyone with the help of blockchain technology.”
Chaudhry continues on by saying: “We’re very excited to see how Liti Capital will continue to empower their vision, and gain further outreach with our outstanding community at the exchange.”
Jonas Rey, CEO of Liti Capital, said, “Listing on Bitcoin.com Exchange is an excellent opportunity for us, and a milestone we are proud of. We have full confidence that once the public discovers just how valuable the litigation assets we are able to purchase on behalf of LITI investors are and how powerful blockchain-backed private equity trading can be, that wLITI will become a very popular token indeed.”
Listing details
Trading Opening: Aug. 24, 2021, 10:00AM UTC
Deposit Opening: Aug 24, 2021, 09;00AM UTC
Trading Pairs: wLITI/BTC
wLITI/USDT
About Liti Capital
Switzerland-based Liti Capital is a Swiss limited liability company specializing in litigation finance and fintech. Liti Capital buys litigation assets to fund lawsuits and provides a complete strategic solution along with connections to top law firms to help clients win their cases. Tokenized shares of the company lower the barrier of entry for retail investors and give token holders a vote in the company’s decision-making process. Dividends are distributed to LITI token holders upon the success of the plaintiff. Jonas Rey, co-founder of Liti Capital, also heads Athena Intelligence, one of the most successful intelligence agencies in Switzerland. His two co-founders, Andy Christen and Jaime Delgado, bring operational, innovation and technical skills to round out the leadership team.
Liti Capital recently onboarded seasoned industry leader David Kay as chief information officer and executive chairman. Boasting more than a decade of experience as funding partner and portfolio manager of a billion-dollar private equity fund in the litigation financing space, Kay successfully enforced what was at the time the largest international arbitration award in history, bringing in over $1 billion in cash and securities.
About Bitcoin.com Exchange
The mission of Bitcoin.com Exchange is to empower people from all over the world to trade cryptocurrencies with ease and confidence, from first-time traders to advanced trading professionals. With high liquidity, 24/7 multilingual support and dozens of trading pairs, complemented with a high level of security, we offer an attractive platform for trading any cryptocurrency. Within one year since launch, on average, the exchange has been visited by more than 500K active traders per month, and this number continues to grow by the minute.
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Geneva, Switzerland, Aug. 17, 2021 — Liti Capital, the Swiss-based litigation financing company that makes private equity investing accessible to everyone through blockchain technology, listed its wLITI token for the first time on HitBTC, a centralized exchange (CEX).
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CoinJar, a popular Australian-based bitcoin/crypto exchange, today announced it has listed six new coins including BAL, ENJ, GRT, MATIC, ESDT, and WBTC. From today, users will be able to buy and sell all of these coins on CoinJar; joining the 24 cryptocurrencies that users can already trade, store and send.
An automated market maker (AMM) built on the Ethereum blockchain, similar to Uniswap and Curve. Users earn the BAL token by creating and maintaining liquidity pools. BAL tokens are governance tokens, meaning that they give holders the right to take part in decisions regarding the network. As these decisions often involve rewards and fees being generated by the Balancer protocol, there’s a financial incentive to hold and participate.
One one of the pioneers of non-fungible tokens (NFTs). NFTs are one-of-a-kind markers that allow the holder to prove absolute ownership of a digital asset. Through a process known as minting, Enjin makes it easy to create NFTs on the Ethereum blockchain. ENJ is the currency that powers this process, allowing holders to both mint and “melt” NFTs.
The Graph describes itself as “a protocol for organizing blockchain data and making it easily accessible. The Graph creates an open marketplace where information from different blockchains can be sold to developers who may require it to power their own smart contracts. The Graph Token (GRT) is the currency that powers this marketplace, offering incentives for those that index, curate, and sell the data.
A fast, cross-blockchain dApp development platform built on Ethereum. Like the ETH token, MATIC is the fuel that powers the Polygon network, facilitating the payment and settlement of transactions. Polygon uses a Proof-of-Stake consensus mechanism, which means that holders of the token can “stake” their tokens and receive more MATIC in return.
Pegged in value to the US dollar, Tether allowed people to buy and sell cryptocurrency at a time when it was difficult for exchanges to find reliable banking and fiat currency partners. Cut to 2021 and the stablecoin market is booming, with more than USD $100 billion in circulation. But Tether remains the biggest player by far, accounting for more than 60% of the market and essentially functioning as the crypto world’s reserve currency.
An invention of the DeFi movement. Pegged to the same value as Bitcoin itself, WBTC is a way of representing Bitcoin ownership on the Ethereum network (i.e. you lock Bitcoin in a smart contract and receive an equivalent amount of WBTC in return). Having WBTC means you can use the Bitcoin you own on DeFi apps, for instance, to purchase tokens on Uniswap or as liquidity pool collateral on a platform like Compound or Balancer.
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Singapore, 27 May 2021 — The leading decentralized cross-chain trading protocol MDEX.COM has pulled off quite the coup, with its MDX token listing on top exchange Binance and its entry into the Top 100 rankings on Coinmarketcap.
In the last 24 hours, the MDX trading volume is USD 87 million and $MDX is currently priced at USD…
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