The litigation funding provider is offering a 250,000 wLITI token reward for new crypto scam cases
Geneva, Switzerland – Introducing ScamBusters, a revolutionary new tool that allows users to vote for which crypto-focused cases the company should pursue next. Liti Capital SA, the Swiss-based litigation funding provider, has stepped up its game in community-driven litigation financing and tackling fraud within the crypto community.
Liti Capital has promised to allocate between 5% and 10% of its yearly investment budget to finance cases that have affected its community members. Any LITI or wLITI token holder can report a purported fraud to the company, and the company will have its international team of legal experts based in 140 countries across the world explore details of the case.
Liti Capital will also put up an array of cases for voting within the community, with the case collecting the highest number of votes being added to Liti Capital’s portfolio. Community voting begins on September 23, 2021, with the first winning case to be announced on October 15, 2021.
Devoted to fighting fraud
With this year’s 14,079 investment scam reports to the FTC in the first quarter of 2021 being a record, and victims losing up to $215 million in this quarter alone, Liti Capital’s Andy Christen, CVO/COO at Liti Capital, has expressed indignation at the idea that scammers can go free for causing so much hubris and trouble.
“The idea that scammers can freely operate in the crypto sphere without facing the consequences of their actions must end to bring trust and change the perception blockchain and crypto projects have in our society”, says Andy Christen, CVO/COO at Liti Capital.
A Community-driven Anti-Scam Initiative
ScamBusters is a community voting event to select which crypto scam cases Liti Capital will sue. LITI and wLITI token holders can use their tokens without spending them to vote for the case(s) they think have the most merit. The more tokens they have, the more voting power they can exercise. Voters of the winning case will share an award up to 250,000 wLITI, distributed pro-rata to their votes.
“If cryptocurrency is going to become the de facto way people take part in the Web3 world, trust, regulation and a robust legal system are all parts of that puzzle,” says Jonas Rey, CEO at Liti Capital.
Crime doesn’t pay, but Justice does.
About Liti Capital
Liti Capital is bringing the litigation asset class to everyone through Blockchain technology with LITI tokens, an equity token that is a share of stock in Liti Capital SA. The launch of LITI and wLITI tokens allows any investor to engage in the high-performing litigation finance market previously only available to elite investors.
For project information, please read the Whitepaper.
For token distribution, please read Tokenomics.
Liti Capital Official Channels
Liti Capital Website: https://liticapital.com
Liti Capital Telegram: https://t.me/Liti_Capital_Official
Liti Capital Telegram Announcements: https://t.me/Liti_Capital_Official_ANN
Liti Capital LinkedIn: https://www.linkedin.com/company/liti-capital
Liti Capital Twitter: https://twitter.com/liticapital
Liti Capital Medium: https://medium.com/@liticapital
Liti Capital Reddit: https://www.reddit.com/r/liticapital
Binance Claim: https://binanceclaim.com
