Lithium

At the end of 2016 it appeared some crypto currency one of them is Lithium. Lithium is a peer to peer self regulating ledger system whose primary application is currency. Lithium was delepod with 100% new source code. The project does not draw code from other repositories but takes inspiration from the foundations laid down from like Bitcoin, NXT, Peercoin and Clarity

www.thelithiumproject.org

SPECIFICATION

                                                             Total Coins: 30,000,000

                                                             Hashind: sha223

                                                             System: Proof of Transaction

                                                             Block Times: 1 minute

                                                             Block Reward: 2 coins

                                                             Year Interest: 3.5%

COIN DISTRIBUTION

We acknowledge every distribution method has flaws in their search for democratic distribution. For example, proof -of –work excludes the community in general, allowing only miners to acquire coins initially. Also, this system rewards large mining operations, botnets, and ends up rewarding a reduced amount of people. Free distribution methods, in the other hand tend to reward people who can cheat the system and create false account, bots, and so on. Also, free distribution tends to devalue the price of the coin, because people without true interest tend to dump their coins as soon as it gets into an Exchange.

For this reason, we have laid down a plan to combine distribution methods to mitigate the flaws of using only one method. We will distribute a percentage of the coins through an Initial Coin Offering (ICO) and the remaining percentage will be given through a Free Distribution (FD) and bounties.

This way we can achieve the following:

[1] We provide Lithium with an intrinsic value of 20 BTC from the ICO.

[2] We don't devalue the price by making it 100% free distribution.

[3] We help spread the word about Lithium by giving away 10% for free.

[3] The ICO will help us fund the development of the projects listed in the next section, thus increase its value.
[4] We reward investors: starting out with a small marketcap of 20 BTC ($15,000 USD) allows our investors to get a considerable amount of Return on investment(R01) since any coin of this characteristics tends to have a Marketcap above $1,000,000 USD, or more, easily.

METODOLOGY
ICO: 25,500,000 (85%)
Free Distribution: 1,500,000 (5%)

Bounties Signatur Campaign at the bitcointalk.org: 1,500,000 (5%)

ICO

ICO Start: January 2

ICO End: January 30 (or when all coins are sold)

Coins Offered: 25,500,000 LITHIUM

Raising: Between 20 and 25 BTC (20 BTC if all coins are sold the first day)

1st day price: 1 Lithium = 0.00000079 BTC

Price Bonuses

1st day (Jan 2) = 0.00000079 BTC

1st week (first week) = 0.00000085 BTC

2nd week (2nd week) = 0.00000090 BTC

3rd week (3rd week) = 0.00000095 BTC

www.thelithiumproject.org