PolygonDaily hosts Lithium: #Lithium #LithiumVentures #PolygonDaily #Polygon
Polygon_Daily Admin: Hello and welcome, how are you today?
WJ: Great thanks – good to be here with you all.
Polygon_Daily Admin: Happy to hear! Ready to start our AMA?
WJ: Yes absolutely.
Q1: Now to start the AMA, team Lithium please have a quick introduction to the community. What made you decide to build your project?
WJ: The project was born out of the need to address increasingly abundant, almost systemic, problems appearing across the early cryptocurrency space. With scams rampant and investors typically more fickle than in the traditional investing space, the conditions for optimal investment conditions on both side of the fence were rapidly eroding. Trust from investors, and belief from founders created hostile communities and skeptical teams, reducing advancement for legitimate teams across Web3.0.
At Lithium we’ve adopted a 3-pronged approach to solving the problems we experienced as both investors and developers within the space. Firstly, our Launchpad at its core focuses ONLY on KYB’d, thoroughly vetted projects headed by awesome teams. We sift through 100s of applications to find these gems and put them through our incubator. This incubation process gives projects access to our network of partners, assisting them with marketing, development, audits, branding, technical and product support to give them the best chance of success. Finally, our venture fund sits behind in the background – taking early stakes in these projects which not only aligns our interests with investors buying at IDO, but also gives founders run-way to spend before the raise on marketing, community and product building.
Q2: Please share with us the background of the team behind this project. What are your past experiences?
WJ: So I take the role of CIO, managing the deal flow and projects we look to invest into and launch. Coming from a Tradfi background, I’ve been focused on crypto for the last 2 years and now manages our fund offering full time!
Ben’s experience is Marketing & Ops in high-growth startups. Over the last 7 years, he’s built a large Web 3.0 network and knowledge to trade and support crypto assets. He is our marketing specialist, if you want your project to get off the ground, Ben is the go-to guy to craft and execute your marketing strategy!
Tom spent the last 5 years building products in high-growth startups. An exceptional product builder (he even has a hammer tattoo!!) His skills in writing and building Web 3.0 products makes him the perfect partner to help our founders craft their launch MVP and value prop.
And of course our amazing community mods who help us manage the TG and provide valuable feedback!
Q3: What makes Lithium different from other competitors?
WJ: Few launchpads have a dedicated fund behind them and back each and every project which is offered to our community via IDO. This not only aligns our interest massively as we have real skin in the game but also gives projects we invest into some initial run-way to stop them selling down their development/team wallets immediately to pay costs. All our investments are vested and this long-term thinking has been developed to prevent pump and dumps and support the longevity of project launches.
The second is for investors, and that’s airdrops. We don’t charge launchpad fees, and instead, choose to give back to our holders, all projects that come through our launchpad give 1% of tokens (or 0.5% for dual launches) that are given to $EBSC holders, complete passively. When people start to understand the power of building up a passive, diverse portfolio of high-growth assets via Lithium, we will grow exponentially. You can see a video Tom made on airdrops here.
Source : cryptodaily.io