BlockLit Overview

BlockLit is driven by a strong belief in the inevitability of the energy transition towards a more sustainable future. The company is committed to making this transition possible and accessible to everyone. BlockLit recognizes that while the world needs to change, the lack of education, high financial requirements, and the complexity of metal and mineral exchanges make it challenging for the average person to participate in new investment opportunities, particularly in critical minerals like lithium.

BlockLit's vision is to provide a solution that allows everyone, regardless of their financial background or knowledge, to invest in lithium, a crucial mineral powering electric batteries for various applications, including cars, laptops, and cell phones. The company leverages blockchain technology to create a token that is 100% backed by lithium, with its price pegged to the mineral's market price. This approach ensures that even individuals with limited resources can invest in lithium, support environmental sustainability, and contribute to a better world while also making a profit. BlockLit represents the world's first digital tool for direct lithium investment, open to all.

How BlockLit's Token Works

BlockLit operates on a sustainable model that is 100% backed by lithium. Here's how it works:

Tokenization of Derivative Contracts: BlockLit acquires derivative contracts of lithium in the largest and most liquid market for such assets. These contracts provide exposure to the lithium price. The company then creates digital tokens on the blockchain that track the price of the underlying assets within a 5% spread range.

Price Stability: To maintain the stability of the Lithium Token's value, BlockLit has established strategic partnerships with renowned OnChain oracles and price market providers to ensure real-time and accurate data feeds. The token's value is anchored to the real-world lithium price, and daily price updates are provided on the BlockLit website. If there are discrepancies between the token price and the real-world lithium price, BlockLit automatically takes actions to rebalance the token.

Selling Tokens: After tokenizing derivative contracts of lithium, BlockLit makes these tokens available for investment through Launchpads, Decentralized Exchanges (DEXs), and Centralized Exchanges (CEXs). This approach ensures accessibility to a wide range of investors, from early adopters to those accustomed to trading on centralized platforms.