Introducing $IONs

Our $IONs token runs on Polygon and can be tracked on CoinMarketCap. The IONs token features a game-changing incentive design, explained in detail here.

How does the token work? LithiumPLUS holders will receive supercharge rewards at the end of each charge interval. A charge event will last for approximately 2–4 weeks, and will be based on a certain amount of trading volume being reached.

During this charge interval, transaction taxes from the trading of the $IONs token will be directed to a supercharge pool. This pool will then be distributed as a lump sum to holders who were locked up throughout that charge interval.

We’ll release more information on exactly how supercharge rewards work, for now have a look at below graph to get an idea of what $IONs will do.

Is there a tax on buying and selling the token?

Good token design rewards holding and staking, while making selling of tokens less desirable. These incentives should be designed with the benefits of all holders in mind. I’m sure we’ve all seen the below chart, popularised by Olympus DAO.

Lithium is unique in that sell-offs are most likely to occur at certain events that are controlled by the ecosystem. Namely, post-raise and after supercharge rewards are delivered.

The good thing about having buy and sell pressure being related to utility rather than macro forces, is that at Lithium we have the optionality to put measures in place to discourage and encourage behaviour — we aren’t a whim to the markets.

Lithium V2 will be taking advantage of this opportunity by implementing variable buy and sell taxes. We will release exact tax values closer to the time of launch, but for now the below graph should demonstrate how we will vary buy and sell taxes to encourage buys at the start of a charge cycle, and discourage sells at the end of one. This will incentivise investors to keep their tokens locked up, achieving the aspirational (3,3) game theory.

Introducing NFT Interoperability

It’s no secret that at Lithium we are beyond passionate about the far-reaching consequences NFTs will have on society. The ability to prove digital ownership has been a huge missing piece of the internet age.

Lithium have big plans for how we leverage NFTs, whether this is to grant special rewards, develop referral schemes, represent a commitment, or some other factor that we haven’t even dreamed of yet — with NFTs the possibilities for innovation are endless.

Our new token will be built in a way that is completely interoperable with any NFTs Lithium release in the future. Watch this space…

Ser, what chain?

We’ve left one of the biggest announcements to last. There’s been much talk about moving away from Binance Smart Chain to a chain that, dare we say it, has a little more credibility and isn’t plagued with the shitcoin nonsense that is unfortunately now inherent to BSC.

We owe much of what we’ve achieved to BSC, it’s been an incredible blockchain for builders to launch with. Its low transaction fees and wide adoption, driven by the easily accessible BNB token have been a few of the factors in the crypto micro-cap bull-market.

At Lithium, though, we are never to rest on old laurels. We recognise and adopt new technology if and when we feel it will bring real value to our investors.

That’s why today we are announcing the $IONs token will be Polygon native.

That’s right, our new token will be tradeable through a Polygon DEX and will be tradeable with the $MATIC token, or other polygon native stablecoins.

We’ve not made this decision lightly. We know how much a lot of our early community love BSC, but we feel it’s the right timing. In the coming weeks, we’ll be sharing a detailed article as to why we’ve chosen Polygon as our chain of choice for the $IONs token.

Release Date

We’re not giving an exact release date yet. What we can say is we are planning to migrate to the $IONs token a the start of June, less than 1 month away. We’ll give exact details of how the migration will happen further down the line.

Get ready for the biggest change in the Lithium product to date. Get ready for CMC. Get ready for mass adoption — we certainly are!