Lithosphere (LITHO) reiterates its support for Ripple (XRP) in its case against the SEC. The core team building Lithosphere, KaJ Labs, predicts that Ripple will win the legal battle against the U.S. financial regulator.
The Lithosphere network aims to address the bottlenecks that hinder the adoption of blockchain technology and Web3 in the mainstream by providing a robust infrastructure for the transfer of distributed value and interoperability across multiple blockchain networks.
The XRP cryptocurrency was created by Ripple in order to provide a network for fast and low-cost cross-border money transfers. The SEC claims that the sale of XRP constitutes an offering of an unregistered security or an illegal initial public offering. The litigation has now become a bellwether case that clearly demonstrates the lack of clarity in the regulation of cryptocurrencies.
KaJ Labs recognizes the importance of the Ripple vs. SEC case and the implications of its outcome on the broader cryptocurrency space, and believes the outcome will be positive in the near future.
KaJ Labs launched the Lithosphere.network to address several bottlenecks hindering mainstream Web3 adoption but also as a means of addressing deep rooted bias & empowering underrepresented communities globally. This donation reaffirms KaJ Labs’ commitment to social justice and equality, along with Lithosphere’s position and allocation of Litho towards social responsibility causes and philanthropy.
Lithosphere’s first distribution of funds to the NAACP and the National Homelessness Law Center is part of its ongoing commitment to social and racial justice causes. The platform will provide donors, volunteers and nonprofits with greater accessibility, more flexibility, and faster transactions to further the missions of social justice and equity.
About Lithosphere
Lithosphere is the world’s first AI powered, advanced blockchain interoperability platform. The KaJ Labs foundation, the core developers of Lithosphere, introduce; a novel consensus algorithm, a new token standard with a combination of other innovations like Deep Neural Networks(DNNs) to make smart contracts intelligent. The KaJ Labs foundation aims to drive mainstream Web3 adoption.
Lithosphere is a platform-level public chain in the digital economy era that as a key infrastructure for value transfer, can connect all kinds of value, provide complete financial functions, communicate diverse communities and tokens, and bridge centralized and decentralized organizations.
Lithosphere’s goal is to establish a platform-level public chain in the digital economy era that as a key infrastructure for value transfer, can connect all kinds of value, provide complete financial functions, communicate diverse communities and tokens, and bridge the centralized and decentralized organizations to bring the Internet of Value as early as possible with a combination of AI & Deep Learning.
About KaJ Labs
KaJ Labs is a decentralized research organization focusing on AI and blockchain technology. We’re driven to create innovative products that work for the greater good around the globe.
Founded in 2017 by Joel Kasr, the KaJ Labs foundation is the driving force behind the AI blockchain platform, Lithosphere™. The KaJ Labs Foundation is an international non-profit foundation that was formed to support the development of Lithosphere and the ecosystem that will contribute to the Lithosphere Network.
The Foundation has research laboratories in Seattle, WA and Singapore with other remote employees around the world.
Media Enquiries
Dorothy Marley
KaJ Labs Foundation
Website: https://kajlabs.org
Website: https://lithosphere.network
