LITH TOKEN ANNOUNCES 100 PERCENT OF PROCEEDS FROM LITH MERCHANDISE
TO BENEFIT INDIGENOUS PEOPLE IMPACTED BY LITHIUM MINING
Dallas, TX – Lith Token (LITH), a green-oriented decentralized community focused on improving the environment, today announced that all proceeds from the sale of Lith Token merchandise will benefit the people in South America impacted by lithium mining.
“The conventional extraction methods of lithium in South America have greatly affected the environment of indigenous people,” said Andrew Rymer, founder of Lith Token. “We aim to right these wrongs through the Lith Token Indigenous People’s Initiative (IPI), which will help provide indigenous people with the tools and education for better living in a new and cleaner environment.”
To fund this Indigenous People’s Initiative, Lith Token has opened an IPI wallet, which is currently funded with 10 million tokens. Moving forward, all profit from Lith Token merchandise sales will be used for the purpose of funding the IPI wallet and allowing for continual donations. LITH Token will maintain 50 percent of the profits in USD and 50 percent through LITH token buybacks. This approach allows Lith Token to have stable tokens on hand for short-term charitable goals, and LITH tokens that can grow in value for long-term goals.
In the race to decarbonize planet Earth as quickly as possible, Lith Token is very much in favor of the use of lithium to enable the production of sustainable vehicles, including electric cars, which primarily run on lithium batteries. However, the traditional mining and extraction method of lithium, specifically in Chile and Argentina, where 50 percent of the world’s reserves are located, has hurt the environment.
To this end, Lith Token has specifically chosen to partner with Ensorcia and Sorcia Minerals, the company ranked as the leader in 2021 Lithium Mining technology. Ensorcia has implemented a cutting-edge mining process that casts a softer footprint on the local environment.
“Switching to more sustainable vehicles is imperative to sustaining life on this planet,” said Daniel Layton, president, Ensorcia and Sorcia Minerals. “With lithium production increasing to meet battery demand, we sought to develop new technologies and processes that would be more protective of the environment. Additionally, Ensorcia and Sorcia Minerals will be contributing a sizeable number of tokens to the IPI wallet, as part of its ongoing support of the Initiative and the indigenous people of Chile and Argentina.”
Lith Token merchandise is available for purchase through the official LITH website at www.lithtoken.io