We wanted to start this week’s newsletter with an update on our core business: the funding of winnable legal cases.
As you know, we have already invested in four highly winnable cases. Whilst precise details of these cases can’t be shared for legal reasons, it is highly likely that at least two of these cases will be settled during 2022.
This means that holders of $LITI tokens will be eligible for dividends. $wLITI token holders (who, incidentally, can swap for $LITI tokens to take advantage of the dividends and other benefits offered by the $LITI token), will take advantage of the undoubtable hype and correlating rise in token price that the winning cases will bring.
The great news is that the current four cases are all moving ahead quicker than expected - and Liti Capital’s board is very confident in successful results with all four of them. Here’s a quick recap on how they stand today:
We will be organising a weekly Twitter Spaces (a live audio conversation on Twitter) with one of our co-founders on Twitter every Friday at 3pm UCT. So please diarise and join us if you can - and save up your questions! You just need to follow us on Twitter at @liticapital. When our ‘Space’ commences, it’ll appear at the top of your timeline as a purple bubble for as long as it’s live. When you join our Space as a listener, you can react to what you hear with emojis, check out any pinned Tweets, follow along with captions, Tweet or DM the Space, or request to speak.
The Liti Capital Big Black Friday Deal attracted some new investors and created a lot of ‘talk’ among the crypto community. Thank you to everyone who supported the initiative!
LAWYERS ON LITIGATION FINANCE. Lawyers are showing increasing approval of the ethical, societal, and financial benefits that litigation finance offers the legal system. Bloomberg Law’s 2021 Litigation Finance Survey demonstrates this embrace of the market has notably intensified even within the last year. Lawyers who agreed that litigation finance promotes access to justice jumped from 70% in 2020 to 88% in 2021. Head to Bloomberg Law for more on the subject.
THE FUTURE OF LITIGATION FINANCE. As a countercyclical market, demand for litigation finance is projected to climb in 2022 as a response to COVID19. Per Research Nester, the litigation finance industry is expected to expand with a compound annual growth rate (CAGR) of 8.76% globally and 9.19% in North America from 2020-2028. For more market predictions, head to the American Bar Association.
AMERICAN CRYPTO REGULATION. This week the Federal Reserve, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) released a joint statement on their plans surrounding regulations on banks utilizing crypto in 2022. This move is made in an effort to protect consumers and keep banks in line, per the letter. Check out The Verge's debriefing.
CRYPTO GIVES BACK. Enjoy some wholesome news ahead of GivingTuesday (Nov. 30)— an altruistic alternative to the upcoming Black Friday and Cyber Monday. Pawthereum, a community-operated crypto project that supports animal shelters and advocates for animals in need, announced this week that they will match donations made to global animal welfare charity FOUR PAWS up to $50,000. Get the full scoop on AP News.
Governance is a decision-making system that all parties agree to adhere to in an organization, institution, or service. Its main goal is to consider the best interest of the members of whatever entity is at hand, while also maximizing available resources to promote its longevity.
In off-chain governance on blockchain, decisions are made by a community leader or a select group of community leaders. This governance style can be further broken down into three camps: benevolent-dictator-for-life, core development team, and open governance.
In the benevolent dictator-for-life model, the creator or head developer of a crypto project gets the final say on blockchain decisions. Whereas in core development team governance— you guessed it— core developers spearhead blockchain growth and adaptions. In open governance, users vote for a team— usually made up of investors, core developers, and blockchain creators— to decide on all blockchain-based decisions.
Because off-chain governance often relies on a group of voices with differing interests and perspectives, decision-making can be a slow process.
Do you always keep a finger on the crypto pulse?
This week’s Liti Capital Crossword covers all the major crypto headlines of the week— so wow us with your market knowledge for a chance at $200 worth of wLITI! Answers MUST be submitted for consideration. Best of luck!
And finally, a big congratulations to Pierre B for winning the Liti Crossword 2 - your inside-out knowledge of Liti was most evident!