What is Liti Capital (WLITI) | What is Liti Capital token | What is WLITI token
In this article, we’ll discuss information about the Liti Capital project and WLITI token
What Is Liti Capital SA and its wLITI token?
wLITI is an ERC-20 token that is the wrapped version of the Swiss equity token - the LITI token. Launched on June 29, 2021, the wLITI token is suitable for trading on decentralized exchanges such as Uniswap, whereas the LITI token is only available through liticapital.com and requires KYC. Liti Capital uses the blockchain to manage its share registry and developing its own case management tools on the blockchain is on its roadmap.
Swiss based Liti Capital creates the wLITI at a LITI token buyer’s request through its app on its website, which converts the LITI to a wLITI. The buyer is then able to trade the wLITI freely. Liti Capital does not directly sell the wLITI. The wLITI is wrapped at a 5000:1 ratio, and the two tokens will always maintain this ratio. The LITI is a true digital share of Liti Capital that has voting rights, pays dividends and is protected under Swiss law. The 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 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.
Never Heard of Litigation Finance?
Neither Have Most Investors - It’s Private Equity’s Best Kept Secret
Since its inception, litigation finance has been sought after by hedge fund heavyweights, highly liquid litigation funding firms, venture capitalists, and elite investors for its high return on investment.
High ROIs
Litigation funders are seeing on average a 50%-100% return range on their initial investments portfolio and are typically banking three to five times their original capital on winning cases.
Expanding Market
Litigation Finance is a booming multi-billion dollar global market projected to more than double in under a decade.
Not Connected to State of The Economy
Litigation funding thrives even in bear markets because litigation assets are not correlated with the state of the economy.
What Makes Liti Capital’s wLITI Unique?
By wrapping its LITI Token, Liti Capital has given DEX retail traders a utility token that is a wrapped version of an asset backed equity token. At any time, a wLITI token holder can unwrap 5000 wLITI and exchange for 1 LITI token with KYC in place. wLITI token holders can participate in bounties and be part of class action suits against crypto cons, scams and rug pulls as spelled out in the Liti Capital Tokenomics. Liti Capital is offering a new way to get retail traders involved in this asset class, by tokenizing its equity, Liti Capital is lowering the barrier of entry for a much wider pool of potential investors. In terms of investment appeal, litigation finance has some of the highest returns of any asset class, and is one of most reliably stable, as it operates independently from any capital market, interest-rate fluctuations and economic conditions. According the Laws and Business of Litigation Finance, Litigation finance funds post returns between 50-100% on average at the portfolio level. It’s also a strong counter weight to the litigation spending power of wealthy defendants, it’s helps ensure ethical justice.
Who Are the Founders of Liti Capital?
The original idea for Liti Capital was born from its three Co-Founders, Jonas Rey, Andy Christen and Jaime Delgado. Jonas owns Athena Intelligence, a renowned Swiss Intelligence agency with a global reach in identifying assets needed for successful litigation award recovery. Andy is a data scientist and innovation entrepreneur who co-founded several startups running on the blockchain. Jaime is a well-known blockchain expert and ETH developer as well as the CTO of other startup companies. The Founders brought David Kay as Chief Investment Officer. David previously built a billion-dollar fund exclusively for litigation finance and has won the largest litigation award at that time of over one billion dollars.
LITI Token
Equity Token
1 LITI Token = 1 Share in Liti Capital SA
KYC Compliance Required
Voting Rights & Dividends
Purchase on Liti Capital App
Can Wrap for Swaps
wLITI Token
ERC20 Wrapped LITI Token
5,000 wLITI Tokens = 1 LITI Token
No KYC, Freely Exchangeable
Available to All Investors
Purchase on Uniswap
Can Swap wLITI for LITI Tokens
How and Where to Buy WLITI token?
WLITI token is now live on the Ethereum mainnet. The token address for WLITI is 0x0b63128c40737b13647552e0c926bcfeccc35f93. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough ETH in your wallet to cover the transaction fees.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step
You need a wallet address to Connect to Uniswap Decentralized Exchange, we use Metamask wallet
If you don’t have a Metamask wallet, read this article and follow the steps
☞What is Metamask wallet | How to Create a wallet and Use
Transfer $ETH to your new Metamask wallet from your existing wallet
Next step
Connect Metamask wallet to Uniswap Decentralized Exchange and Buy, Swap WLITI token
Contract: 0x0b63128c40737b13647552e0c926bcfeccc35f93
Read more: What is Uniswap | Beginner’s Guide on How to Use Uniswap
The top exchange for trading in WLITI token is currently Uniswap v2
Find more information WLITI
☞ Website ☞ Explorer☞ Whitepaper ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Coinmarketcap
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