LITH, the native token of the Lithium Finance ecosystem, is used for various purposes within the project, such as governance, rewards and access to services. LITH holders can have voting rights in the project management, thus shaping the future of the platform. In addition, LITH tokens are distributed as rewards to incentivize platform users. Access to some specialized services is also only possible using the LITH token, making it indispensable in the ecosystem.
LITH is among the day's decliners, down 39.71% in the last 24 hours and at the time of writing. A cryptocurrency exchange announced a delist decision for 5 altcoins traded on its platform. LITH, which is among the trading pairs to be delisted, will be removed on September 13. The exchange stated that it made this decision in line with regular reviews. It was announced that investors should cancel their orders before the delist date, otherwise the orders will be automatically deleted. In addition, deposits for these cryptocurrencies have been stopped and withdrawals will continue until November 30, 2024. Following this announcement, the price of LITH may have dropped.
