Lithium Finance: The First Pre-IDO Asset on Convergence Finance

Lithium Finance
Jun 10 · 3 min read
  • Lithium Finance will become the first project to conduct a pre-IDO on Convergence Finance, the next-generation AMM that features private and illiquid assets.
  • While the offering will be available to all DeFi users via Convergence’s ConvO platform, the whitelist lottery is weighted in favour of eligible CONV holders.
  • The Lithium team is proud to be part of the driving force that helps democratize private and illiquid assets and make them available to everyone.

Lithium Finance is thrilled to announce the launch of its pre-IDO on Convergence Finance, and it will make Lithium the first pre-IDO project on Convergence. This offering came after Lithium and Convergence entered a strategic partnership earlier this month.

Pre-IDO means the token offering that happens before the traditional Initial DEX Offering takes place. Participating investors will gain exposure to VC-style private investment on crypto projects. In Lithium’s case, investors will be able to invest in Lithium and buy LITH tokens at a VC-level rate, which offers a much more significant first-mover advantage over those who will enter in the future IDO.

Lithium’s pre-IDO will be held on June 24, 2021, and the whitelist will be opened on June 17, 2021. The offering will be available on Convergence Offering or ConvO. Eligible CONV token holders will be able to have “premium access” to the Lithium pre-IDO.

David Lighton, Co-Founder of Lithium Finance, said, “Lithium is specialized in pricing private and illiquid assets, and Convergence makes these assets tradable in the DeFi space. As two projects working hand in hand, we are proud to be the first project that can utilize this mechanism and be part of the driving force that helps democratize private and illiquid assets.”

Oscar Yeung, Co-Founder of Convergence Finance, added that “The Lithium pre-IDO is an excellent example to demonstrate the capabilities and capacity of Convergence Finance. We will continue to work closely with Lithium Finance in the future, especially in the area of pricing private assets.”

About Lithium Finance

Official Links:

Website / Telegram / Twitter / Litepaper

About Convergence Finance

Official Links:

Website / Discord / Telegram / Twitter / Litepaper

LithiumFinance

The first decentralized data oracle solution to price the unpriced

LithiumFinance

Lithium Finance is the first decentralized data oracle solution that uses collective intelligence to regularly price illiquid assets that are currently expensive and difficult to value.

Lithium Finance

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Lithium Finance Uses Collective Intelligence to Price the Unpriced

LithiumFinance

Lithium Finance is the first decentralized data oracle solution that uses collective intelligence to regularly price illiquid assets that are currently expensive and difficult to value.