LitBit: Who we are and why we chose Cronos

LitBit Finance

How we started

The main ideators of LitBit, Steve Jones aka Savage Refinisher and Tino Skelin aka Brokva, met while working on a BSC project. The project had a lot of success in the beginning, although at a certain point they found themselves droning hard — while not getting much in return.

  1. Launchpad: Pushing high-quality projects that meet our strict criteria, such as demonstrated purpose and utility, full KYC, and carefully vetted team members.
  2. Lottery system: An anti-whale system to provide common investors with more opportunities to fund their favorite projects. Holders of our token will be issued tickets that give them more chances to get picked for an allocation spot.
  3. Liquidity locker: Part of our custodial wallet and ensuring tokens are securely locked by a third party until the moment they’re released and allowed to be sold.
  4. Token vault: A similar concept as the liquidity locker, ensures safe transactions by allowing both sides to lock their tokens, knowing neither side can pull them out on a whim.
  5. Minting lab: The autonomous minting lab devoted to minting tokens and NFTs for presales, after which the tokens are pushed into live trade.
  6. NFT creation: Creating 3D NFTs in cooperation with some exceptionally talented artists, with utility connected to our launchpad and tickets.
  7. Payment protocol: Under wraps for now. In short, the team plans to make it possible to purchase via this protocol in all online shops, without requiring the shop to implement it on their website.
  8. Farming/staking: Offering single pool staking of LitBit’s own token along with others. Yield farming between the native token and others paired for rewards, along with liquidity pool staking. The native token staking will be incorporated into the utility usage through the anti-whale lottery system. The plan is to also make a direct fork to Crypto.com staking, which will allow us to add its staking pool to our platform.
Cronos Blockchain

Why Cronos?

The decision to go with Cronos as our network of choice was a rather simple one, for many reasons.

Join the innovation

LitBit relies on the most advanced innovations in the world of crypto to bring project developers and investors together into one platform, solving multiple problems with its valuable utility. Not only that, but it gathers enthusiastic seasoned professionals that have it in them to bring these plans to fruition.

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LitBit Finance

LitBit Finance

An upcoming elite launchpad on the Cronos Network, LitBit is on a mission to provide every type of investor with access to carefully curated projects.