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The wLITI token from Swiss litigation financing firm Liti Capital SA is listed on HitBTC Exchange.
Listing details
Trading date: Aug. 17, 2021, 3:00 pm UTC
Trading pairs: wLITI/BTC and wLITI/USDT
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 centralized and decentralized exchanges, whereas the LITI token is an equity token only available through Liti Capital SA.
The LITI is a true digital share of Liti Capital that has voting rights, pays dividends and is protected under Swiss law. The wLITI is wrapped at a 5000:1 ratio to the LITI. By wrapping its LITI Token, Liti Capital has given retail traders a utility token that is a wrapped version of an asset-backed equity token.
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.
What Makes Liti Capital’s wLITI Unique
Liti Capital is offering a new way to get retail traders involved in this asset class, by tokenizing its equity. At any time, a wLITI token holder can unwrap 5000 wLITI and exchange for 1 LITI token with KYC in place through its website app.
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 lowers 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 to 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 and helps ensure ethical justice.
Liti Capital uses the blockchain to manage its share registry and developing its own case management tools on the blockchain is on its roadmap.
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.
For project information, please read the Whitepaper.
For token distribution, please read Tokenomics.
Liti Capital Website: https://liticapital.com
Liti Capital Telegram: https://t.me/Liti_Capital_Official
Liti Capital Telegram Announcements: https://t.me/Liti_Capital_Official_ANN
Liti Capital LinkedIn: https://www.linkedin.com/company/liti-capital
Liti Capital Twitter: https://twitter.com/liticapital
Liti Capital Medium: https://medium.com/@liticapital
