Tokenomics
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Litherium (LITH) tokens are produced by Binance Smart Chain (BEP-20). The production process and all transactions are open and transparent to the public. All tokens are stored in third-party digital wallets and exchanges.
BEP-20 is a token standard on Binance Smart Chain that extends ERC-20 the most common Ethereum token standard. You can think of it as a blueprint for tokens that defines how they can be spent, who can spend them, and other rules for their usage. Due to its similarity to Binance Chain's BEP-2 and Ethereum's ERC-20, it's compatible with both.
Pancakeswap is the leading decentralized exchange on the Binance Smart Chain BEP-20, and currently has the highest trading volume in the market. Also, the low gas fees and extremely high security is currently gradually gaining more and more market shares.
Coinsbit, which launched in August 2018, is a centralised exchange based in Estonia. The team claims that there are 2,000,000 Coinsbit users. Coinsbit offers cryptocurrency pairs, 6+ fiat gateways, OTC trading, and a peer-to-peer lending platform. Coinsbit provides cryptocurrency trading as well as the ability for users to earn cryptoassets through the Staking pool. Coinsbit CNB is an exchange token that was launched on January 1, 2020, with the goal of lowering trading fees for users. Coinsbit provides its platform for both listing and conducting IEOs.