Liti Capital SA, Swiss Litigation Finance company, is launching one of their dual tokens, the LITI, on June 24th, 2021 at 11:59 PM EDT, and the other token, the wLITI, on June 29th, 2021 at 6:00 PM EDT. LITI tokens will become available on the Liti Capital website and wLITI on Uniswap. The LITI token represents tokenized equity in the company and grants voting rights and dividends. The wLITI token can be staked to provide liquidity. Both token holders can open a claim against a project and stake tokens on that claim to call attention to projects that have defrauded their investors. Liti Capital will spend from 5 to 10 percent of its yearly investment capital to pursue these bad actors.
By tokenizing their equity, Liti Capital decentralizes access to litigation finance, an asset class that has only been an option for wealthy investors until now. Litigation finance companies find lawsuits with large payouts and acquire a percentage of the case. This percentage is considered to be an “asset”. Then they help the plaintiff win the case and take a portion of the profits. These profits will be distributed to LITI holders as dividends. As one of the few asset-backed equity tokens on the market, LITI is a valuable token to hold regardless of volatility because litigation assets can generate on average 50%-100% ROI even during bear markets or economic crises.
Liti Capital’s current “litigation assets” are valued at over $200 million. David Kay, CIO, won the largest arbitration award at the time in 2016, $1.4-billion in US cash and assets. Jonas Rey, Co-Founder, heads Athena Intelligence, a successful intelligence agency in Switzerland. Andy Christen, Co-Founder and Head of Vision and Operations, is an expert data scientist (Ph.D) and innovation entrepreneur who co-founded several fintech and blockchain startups. Jaime Delgado, Co-Founder, Head of Technical Development, has a PhD in electronics engineering and over 15 years of programming, machine learning, data analysis, and blockchain technology.
To purchase a LITI token, investors must pass KYC requirements. This token is only available for purchase on the Liti Capital website. Holding a LITI grants protections under Swiss law, dividends, and voting rights. The wrapped LITI (wLITI) will be available on Uniswap and other DEXs in the future and does not require KYC. LITI and wLITI tokens are utilized in the following ways:
Liti Capital has committed to locking $1.2 million in liquidity on Uniswap for 36 months. Up to 16% of LITI tokens are reserved for the team for salaries and expenses, as well as incentive plans for team (issued upon achievements) and community members (e.g., bounties payment).
Liti Capital’s smart contract was successfully audited by Certik.
About Liti Capital
Liti Capital is a Swiss Limited Liability Co specializing in Litigation Finance and FinTech based out of Switzerland. Liti Capital buys litigation assets to fund lawsuits and provide a complete strategic solution along with connections with the best law firm to help its client win the case. Tokenized shares of the company lower the barrier of entry for retail investors, give token holders a vote in the decision-making process, and distribute dividends to token holders upon the success of the plaintiff. Co-Founder Jonas Rey heads one of the most successful intelligence agencies in Switzerland, Athena Intelligence. His two co-founders, Andy Christen and Jaime Delgado bring operational, innovation and technical skills together to round out the leadership team. David Kay, CIO, ran a billion-dollar NYC private equity litigation finance firm before joining Liti Capital.
Visit the Liti Capital website: https://liticapital.com/
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