Liti Capital x Satoshi Club AMA Recap from 15th of August

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Liti Capital and our guests was @dvkay1979. The AMA took place on 15 August.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram community

Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with Liti Capital ! Welcome to Satoshi Club😀

D. | Satoshi Club: today our guest – @dvkay1979 ! 🙌

hello! we glad to have you here 😊

how are you doing today?

David Kay: great!

Mary | Satoshi Club: Welcome to Satoshi Club 😀

David Kay: and I’m so glad to be here.

Thanks so much. It’s an absolute pleasure and privilege to be able to present in front of your community

Mary | Satoshi Club: We are also happy to have you here today 👍

And… Let’s start our AMA 🚀

Could you please introduce yourself and tell us more about Liti Capital 😀

David Kay: Absolutely.

My name is David Kay, and I am the Executive Chairman and CIO (Chief Investment Officer) of Liti Capital.

We are the next generation of Fintech. We are the first Private Equity fund to be launched and run through the blockchain. Our view is that the returns that come to investors thru private equity should no longer just be offered to the 1% – its time to democratize private equity. Liti Capital is the first, and only, private equity for everyone!

I would also note that today is a somewhat special day to be here….we actually just announced this morning our first listing on a centralized exchange!

After more than tripling since our launch last month, we are not going to start trading on HitBTC on Tuesday morning.

Done.

D. | Satoshi Club: this is awesome news 👏👏 congrats !

David Kay: Thanks so much! Just the beginning.

Mary | Satoshi Club: Nice choice! Can you give us more details about upcoming listing 🤩

David Kay: For sure!

We just announced the listing of the $wliti token 2 hours ago for our community.

Deposits for trading will be allowed starting Monday, and we will be live for trading on Tuesday morning.

HitBTC is so excited to have us that they agreed that we would be the only new token listed this week. Can you believe that?!?

Mary | Satoshi Club: Awesome 👏

David Kay: We also are launching a 2,000,000 wliti trading reqard program 4 days after our listing.

Mary | Satoshi Club: Unbelievable! They know what thay are doing 😉

David Kay: That’s $60,000 USD of rewards for people who trade our token.

So…..that’s fun.

Done

D. | Satoshi Club: 👍 what pairs for trading will be available btw?

David Kay: That’s a great question. I believe both ETH and BTC, but I will have my team confirm!

David Kay: done

Mary | Satoshi Club: 👏

D. | Satoshi Club: nice! that’s a top pairs 👍

David Kay: Wait!

hold up!

I just was told….wLiti/USDT and wLiti/BTC

Those are the two pairs.

(That’s why its so important to have a great team there to support me….)

Done

Mary | Satoshi Club: Cool 👍 And let’s go back to the intro😃 could you tell us more about the team behind Liti Capital and their experience?😉

D. | Satoshi Club: one pair to btc and one to stablecoin! that’s even better 👌

David Kay: Sure thing.

My background is actually in private equity. I founded and ran a $1b+ private equity firm in NYC for the last 10 years.

Jonas, my CEO, founded and ran one of the largest intelligence firms in Europe. We are quite a pair.

We. Don’t. Mess. About

Andy is our COO. He’s a top data scientist and one of the best operational partners we could ever have. A true pro.

Mary | Satoshi Club: Wow, awesome background!

David Kay: Jaime heads up our Technology, and he is an absolute genius. More degrees than we have time.

But most importantly, our entire team has done this before. We have all built and managed successful businesses with fiat, and made money for investors. And now we are taking those skill sets and applying them to the blockchain.

Mary | Satoshi Club: It seems that your team has everything to reach success 👍

David Kay: We know how to do this. We are the next generation. We are not a currency, but rather – we are a business. One that operates, that is transparent, and that will make money for our investors.

For sure.

Done.

Mary | Satoshi Club: Agree with you😀

Thank you for your intro, David!

David Kay: No problem!

Mary | Satoshi Club: We choose 6 questions from our community for the first part of our AMA 😀 are you ready for them?

David Kay: Can’t wait. Hit me!

D. | Satoshi Club: 🚀 appreciate for awesome intro! let’s open the first part 🙃

Q1 from Telegram user @jodasf

I read that Liti Capital is making a game changer for litigation funding, but what are the differences that Liti Capital has with respect to traditional litigation funding, what are the changes that you think traditional litigation funding needs today and what are the innovations that Liti Capital will, of course, introduce in the litigation funding segment?

David Kay: We’re actually very similar to traditional litigation funds, only better in a bunch of ways.

Access to private equity funds like litigation financing have historically been restricted to so-called “accredited investors”… Because of this, the highly profitable litigation finance industry has been made exclusive to the top 1%. Here is where Liti Capital comes in. Thanks to blockchain technology, our equity token creates the opportunity for anyone to invest. It doesn’t matter if you have $100 or $1,000,000. We’re giving access to retail investors to invest in this once-exclusive industry. We’re disrupting the industry by making private equity available to all!

This about it this way… litigation finance has been on of the top performing asset classes in the world for the last 15 years, but most people haven’t heard of it. Do you know why?

Bc of what I just said – it’s only been available to people that have more than $1mm of liquidity.

Not anymore.

The key to what we are doing isn’t so much that we are going to change the litigation financing process itself. Litigation financing is an asset backed strategy that generates 30-50% annual returns….We love that!

What we are doing that’s really going to change the game is to bring those returns to everyone.

Some of the dumbest people I know have more than $1mm of liquidity

and some of the smartest people I know have less than $1mm of liquidity.

The democratization of finance, and of private equity, is here – and Liti is leading the way. Whether you have $1 or $10,000,000 – you are welcome here.

D. | Satoshi Club: yes we can often face such a things in life 😄

David Kay: Done.

Mary | Satoshi Club: I can guess, that we are still from that 99%🤣 can you explain to our community more about litigation finances and how this system works? May be on one small example 😀

David Kay: Sure.

Let’s say HugeCo came and offered you $20mm for your telegram channel. Amazing right?

Now – let’s say that there was a provision in that contract that said that if they determined that you did something untoward in the money before the sale – they got to keep your telegram for no money.

And you….wait for it…..got a speeding ticket.

And now HugeCo is saying this telegram channel is now theirs. And you get exactly zero dollars.

What happens?

It will take $2-3mm to fight HugeCo. What do you do?

The sad reality of it is that most of the time HugeCo wins.

But that’s where we come in…

For those people that don’t have the $2-$3mm to fight HugeCo and have been wronged – we come in. We provide that $2-3mm.

And in exchange we get a % of the upside. So in your case, let’s say 30%…

Now we stand up and fight HugeCo – and (obviously) we win.

Now, instead of nothing, you make $14mm. Pretty good, right? Especially when you take no risk!

And Liti makes $6mm – not bad either!!

That – in a nutshell – is what litigation financing is….and how we make money.

D. | Satoshi Club: very clear example 👍

David Kay: Thanks!

Mary | Satoshi Club: Thank you! Awesome explanation! Now everything is clear for me 😀

And i hope for our community 😜

David Kay: me too!

Mary | Satoshi Club: David, are you ready for the next question?

David Kay: yes!

D. | Satoshi Club: 🚀🚀🚀🚀🚀

Q2 from Telegram user @UplineStephen

Liti Capital has created two tokens that work together as one to make the litigation finance and the company’s shares avaliable to investors. 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. However, unlike wLITI tokens, I noticed that investors can only purchase the LITI token by passing KYC. May I ask what is the main dfferences between the LITI token and the wLITI token? Also, why is it the LITI token requires that an investor passes KYC before buying but wLITI does NOT require KYC?

David Kay: Although we’re on the blockchain, Liti Capital is still a real company, regulated by Swiss law. Being regulated means that we have to comply with all rules and regulations set forth by them, including the requirement for KYC to own company stock, or in our case, the LITI token.

Creating the wLITI token was the answer to providing access to everyone. This wrapped version of the LITI token is directly tied via a smart contract at a ratio of 1 LITI: 5000 wLITI. With wLITI, you can invest and trade on centralized and decentralized exchanges with ease, never having to worry about KYC.

This structure will be the future. Remember, we are NOT a currency. We are a real company. We have offices, we generate revenue (and hopefully lots of $ for our token holders). Our value doesn’t actually go down if BTC goes down! Imagine that?

“Real” businesses that are more safe, and more stable, are coming. We are one of those businesses.

But all those benefits also mean that we need to follow the rules. And those rules are what require us to have two tokens.

David Kay: Critically tho, they are reflections of each other. I like to think about it like pizza.

The liti token is a large pizza, the wLiti is 8 slices of pizza.

They are just two diff ways of talking about the exact same thing.

wLiti’s can be exchanged on our website to Liti’s in under 30 seconds (try it!). And Liti’s can be turned into wLiti’s in the same amount of time (seriously, try it!).

And you can do it as many times as you want!

I hope that helps!

David Kay: Done.

Mary | Satoshi Club: You’re on Ethereum blockchain?

David Kay: Yep.

ERC 20

D. | Satoshi Club: but why you decided to use Ethereum for your token? it’s the most expensive blockchain for transactions

Mary | Satoshi Club: Don’t you plan to expand your pizza slices on another blockchains?😀

David Kay: It’s the most commonly used. Our goal is to be private equity for everyone – so we wanted to make sure we were available to as many people as we could.

Having said that, you are right….and that’s why we are so excited to announce today that we are also being listed on HitBTC. The fees on that exchange are extremely low.

Absolutely. Check out our telegram. When I tell you this is just the beginning….i’m not kidding around.

I would also very much encourage people to take a look at our chart. Stability and consistent growth are not just words we use.

Even when ETH has taken a hit, we have stayed solid.

If your community does only one thing after this AMA – Look. At. Our. Chart.

Consistency, stability, and growth.

Mary | Satoshi Club: Do you have picture of your chart?😉 Or link?

David Kay: It’s time for everyone to have at least a part of their bag in a place that you don’t have to have a lump in your throat when you wake up every morning.

Done.

Let me get a link for you.

https://www.dextools.io/app/uniswap/pair-explorer/0x5ac9ead73344718dca963f44af960e04f168bd65

Mary | Satoshi Club: Nice dext score👍 and chart🚀

David Kay: Awwww…..you are going to make me blush

we are very proud of what we have accomplished.

D. | Satoshi Club: agreed, 99% 👀

David Kay: But it’s just the start.

Q3 from Telegram user @KathDM

In the hypothetical case that I am a small business owner and I want to sue a large and well-known company, but I don’t have the money to pay outstanding lawyers … how could Liti Capital help me? What tools would you offer me? I read that Liti Capital can pay for the case. So how does Liti Capital make a profit? Will Liti Capital pay 100% of the case or only a percentage? Would I have to pay a percentage too?

David Kay: Great question. Thank you.

First, I would encourage you to take a look at the example I gave the moderators with the hypothetical sale of their telegram channel.

But the sad truth is that without organizations like Liti Capital small businesses or individuals often don’t even have the chance to go against large corporations, not even hypothetically.

These “HugeCo”s have such huge financial backing that an attempt to file suit against them means you have to be ready to spend extraordinary amounts of time and money. Since 90% of people and small businesses can’t even take that first step, they give up altogether. The remaining individuals that do pursue the legal route end up giving up because of extremely litigation high costs or settling for way less than they deserve.

Liti Capital makes it so that the little guys have a fighting chance. When we step in, these corporations’ behavior changes. We see settlement offers increase many times over just by people signing on with us. This is a win-win because if someone was offered $1M to settle before we come in, now with our financial backing, they 10x that to $10M, we can take a percentage of the earnings and still leave the client with more than they would have received otherwise.

This doesn’t even consider the fact that when we say no to settlements and move forward to complete litigation, the rewards at that point are extraordinary. All of this comes at no risk to the client since we’re only taking a percentage of the litigation’s financial outcome.

David Kay: But – this part is important:

It is at NO COST TO YOU. And no risk.

If we were to lose, it costs you nothing. We take on 100% of the cost and risk.

That’s the deal.

Hope that helps.

Done.

Mary | Satoshi Club: Awesome!

Of course i hope that we won’t need your services, but in case we know what to do😄

David Kay: Exactly. We are the break in case of emergency, hope you never need us, guys.

BUT – if you invest in us, we are also the make you tons of money crew.

Q4 from Telegram user @Right_clicK1

It is well cleared that Litigation funding is available in both commercial and consumer applications. In a case where this funding is been used in a large scale and complicated corporate disputes that are highly valued which can possibly cause breach of contract directly to bankruptcy or antirust, what kind of help can Liti capital render in this case? In order to avoid a result of copyright or trademark infringements, how can we make use of the features in your project to serve as refuge?

David Kay: Liti Capital is a for-profit company, and believe me when I say profit.

When it comes to cases, we diligently research every possible aspect of the situation before signing on. Our goal is to win cases and generate profits for our share; I mean TOKEN holders 😊.

I’ll be honest with you, I thought I was done with litigation finance but came out of “retirement” (but critically, not the Jordan into baseball type, more the Jordan back to crush the NBA model…) to make an impact and a difference in how private equity happens.

The industry has one of the highest returns, with an average of 50% cash on cash returns. I’ve managed a portfolio worth well over $1B, I know how to navigate the industry, and we are certainly playing to win. Now, here’s where people are taken back. Liti Capital will use 20% of profits to grow the business, and 80% will be given back to investors in dividends.

So to more specifically answer your question, every case is different. We have the in-house and external expertise to analyze any case to ensure the best possible outcomes of a favorable outcome.

I will leave you with this….both me and my team go to bed at night, and wake up in the morning thinking only one thing: How are we going to make money for our token holders today.

David Kay: Done.

D. | Satoshi Club: i have lil off topic question, do you have any future ideas how to implement NFTs in your project? are you planning to do so? or you not work with that subject?

David Kay: That’s actually a great question.

We are in the process of doing just that.

We will have a number of one-of-a-kind products available from two sources:

1. There are some well known celebrities that are holders, and who have expressed an interest in doing some fun NFTs for the community

D. | Satoshi Club: nice

David Kay: 2. We are planning to offer some of the judgements and bank accounts of the people that we go get money from as unique NFTs for our community.

Mary | Satoshi Club: Are they your litigation clients?😉

David Kay: I can’t disclose that one yet.

But I will say this…..keep your eye on our socials this week.

Mary | Satoshi Club: Gotcha 😄

David Kay: Your question is going to be answered for everyone before friday.

I’m actually a little concerned you guys over here at Satoshi are bugging our offices….

D. | Satoshi Club: haha 😄

David Kay: Or maybe scared?!?

hahahahaha……

Q5 from Telegram User @Cheriemike

While reading about your platform,I notice that Liti Capital has found and identified the perpetrator of a cryptocurrency scam.Many people have lost fund in the cryptospace to scammers having you Liti Capital is a bright light to the crypto world etc.How were you able to do that?What tools were deploy to identify and pursue crypto scammers?And what percentage are being given to community members that were victims of Crypto Fraud?

David Kay: Jonas Ray, our CEO, is the founder of Athena Intelligence, one of the world’s most prestigious private intelligence firms. He’s Liam Neeson from Taken but for assets. Identifying assets and proving their ownership and value, taking into account both jurisdictional enforcement and hidden ownership, is a pilar he built his intelligence firm on.

So if you’re a crypto scammer, know this:

Jonas has a very particular set of skills, skills acquired over a very long career, skills that make him a nightmare for people like you.”

D. | Satoshi Club: lol i have seen that movie 🤣

David Kay: Although we are a for-profit business, we believe that it’s our responsibility to give back to this wonderful community.

As such, we have made an unprecedented commitment. We are committed to using 5-10% of the company’s profits to go after scammers in the blockchain space, at no cost to the victims. This is our way of helping to clean up and support this ecosystem that is supporting us.

Then you will love this: https://www.youtube.com/watch?v=KR6M-isqo1s&t=25s

And this:

David Kay: And maybe even a little of this:

If you want to see what happens – in real life – to people that mess with our community…take a look at that.

And that was all accomplished in 48 hours.

We don’t play around.

Mary | Satoshi Club: According to the latest statistics, most of the products are not even on the benches, but on the khakis. Tell us, how safe is Liti Capital? Did you pass audits?

David Kay: We are a serious group of professionals. And we have been doing this for the better part of the last 10 years. We may be newer to crypto, but we are old hands at tracking down “bad” people and getting money for our investors.

David Kay: Of course. Take a look at our website liticapital.com

We have all of our information there.

We pride ourselves on being a “safe” place to invest.

That’s our number 1 priority. Period.

Mary | Satoshi Club: Thank you for your detailed answers!

David Kay: of course!

Mary | Satoshi Club: And only 6th and last question left from this part 😀 Ready for it?

David Kay: yessum

Q6 from Telegram user @Highpee

$LITI is an equity backed token and grants holders governance right by giving them the ability to have a say on your company governance and community orientation. What are these range of actions that users will able to govern and how many tokens are required to participate in governance ? In addition to this, you said you have a board directors that has veto right on some matters irrespective of what community wants. Apart from the core team members, who makes up the board of directors and why are they given a super veto power? Under what situation can this board apply a veto?

David Kay: Community participation is essential to us. We set up [email protected] as a way for the community to reach out with scam cases. The response has been overwhelming and, honestly, sad. It breaks my heart to see so many people being taken advantage of in the crypto space.

I wish we were able to go after each one of them, but the emails don’t stop coming in . Because of the sheer number of requests we have to narrow it down; this is where the community comes in. Token holders will have the ability to vote on cases they would like Liti Capital to pursue.

Now yes, the board does have veto power because we have a fiduciary responsibility to shareholders. It’s our responsibility to ensure we are doing what is best for our community.

Said another way – this goes back to us being a “real” company.

Company’s in the non-crypto world are run by the board of directors. So are we.

That board is elected by its shareholders.

Here – we were elected by our token holders.

And we will either act in the best interests of those token holders or they will replace us with someone who will.

The truth is that while we need to replace a lot of the “old” way of doing things, there are some things that have worked extremely well for hundreds of years…..you know that old saying “don’t throw the baby out with the bath water”?

That’s how I feel about the board structure. It works. We are responsible to our token holders, and we answer to them. To all of you. To our community.

And you have my solemn promise of this…as long as I draw air as the executive chairman of this company, we will work every day with only one thought in mind: how can we make money for our tokenholders today.

Mary | Satoshi Club: How many tokens should i hold to participate in the governance?

David Kay: You can do so with only 1 Liti token.

All you need is one.

Every token holder matters.

Mary | Satoshi Club: Wow!

David Kay: Yep.

Mary | Satoshi Club: Is governance function live now?

David Kay: Yes. It’s a Swiss company, so we have been implementing those functions since day 1

Mary | Satoshi Club: Super!

David Kay: Another good example of the benefits of being a “real” company in the blockchain.

Yep – you are my boss!

If you buy a token!!!

😉

Done.

Part 2 — live questions from the Telegram community

Q1 from telegram username @Shaa93

Liti Capital is a Swiss Limited Liability Co specializing in Litigation Finance and FinTech based out of Switzerland. What is current “litigation assets” of Liti Capital?

David Kay: Wow. What a response.

This is a great question.

We have already raised more than $20mm, and we have already invested in multiple cases. This (very short) video goes through exactly what those assets are – and how they are valued. Even more importantly, it explains how we create value for our token holders.

Take a look:

Q2 from telegram username @Righteousness

What plans do you have on expanding your pizza slices on another blockchain in the next future? How can this benefit the users

David Kay: I’m never going to live down that pizza reference, am I???

We have expansive plans on that point. It’s a critical one. Our goal is to be private equity for everyone, and in order to do that we need to make sure everyone can find/buy us.

We just announced HitBTC today! But that’s just the start. We are going to have multiple additional announcements THIS MONTH on how we are going to expand even futher.

Yes – you heard that right: THIS MONTH. And yes, I am aware its august 15th

Q3 from telegram username @josephsin27

How did you meet Jonas Ray? Is this a coincidence or do you already know each other? @dvkay1979

David Kay: Now this is a story in-and-of itself.

Honestly, nothing would make me happier than to answer this question….but Jonas has sworn me to secrecy.

But how about this?? I am offering a $100 of wLiti bounty from my own bag for the person that gets Jonas to ok me to release THAT story to the public.

Q4 from telegram username @yellowchamp

So,can you explain more about the case life cycle that your platform is working with? What kind of cases you are trying to solve in crypto industry?

David Kay: Thanks for this question. As the person primarily in charge of building the portfolio, I very much appreciate this question.

I am constantly trying to balance the types of cases we bring on to ensure that we maximize cash flow, and minimize risk.

I generally try and take 20% of cases that are in an early (or exploratory phase), 20% of cases that are in the middle phase, and 60% of cases that are readily developed.

Q5 from telegram username @xperia3

Hi! 💹

Do Liti Capital Hiring? I mean more than an ambassador, do you look for full time community managers, translators, or developers for your main team?

@dvkay1979

David Kay: Yes!

We are actively looking for high-quality people.

We are growing so quickly, and we need people in almost all of those areas.

Please find us:

t.me/Liti_Capital_Official

linkedin.com/company/liti-capital/

twitter.com/liticapital

instagram.com/wlititoken

liticapital.medium.com/

And drop your information (or even just a witty comment)

Q6 from telegram username @nadee5

@dvkay1979

What are the REQUIREMENTS to join Trading rewards $wLiTi?

David Kay: There are no requirements. Just sign up to HitBTC and start trading. We will do the rest!

Q7 from telegram username @highpee

👋👋 HELLO

It is said that $LITI can generate ATTRACTIVE ROI in both bear or bull market because its business modalities has no correlation with the general market. How will you generate high returns and be able to pay high dividend to the tune of 80% to your token holders? What economic model will $LITI use to achieve reliable price appreciation and continuous income distribution at all market season?

David Kay: This is another great question. And you are 100% right.

Litigation financing is not correlated to the broader market. Those case examples I gave before, and the returns that come from them, don’t change based on the price of BTC or ETH.

We are different. We are safer.

Q8 from telegram username @Guandog

On your website it says that 5000 wLITI = 1 LITI, I would like to know if this equality or parity will be adjusted by the market or Liti Capital is in charge of maintaining the peg?

David Kay: This WILL NEVER CHANGE. Ever.

Locked for life.

Q9 from telegram username @messilolz

you mentioned that listing of $wliti token was done 2 hrs ago so what exchanges I can buy $wliti token for now?

David Kay: Today we are available on Uni Swap. Go – join us!!!

Starting Tuesday morning we will also be available on HitBTC.

Jump into these groups, and we will keep you posted on everything:

t.me/Liti_Capital_Official

linkedin.com/company/liti-capital/

twitter.com/liticapital

instagram.com/wlititoken

liticapital.medium.com/

Telegram (http://t.me/Liti_Capital_Official )

Q10 from telegram username @KhaleesiTheCryptoLady

Liti Capital is a real company; how did you deal with regulation when you decided to incorporate blockchain? When did you begin to tokenize your company?

David Kay: This is not a one time process. We deal with this every day, every week.

We need to make sure you make money with us no matter what the environment is, and ensuring we are compliant with regulations is a top priority with us…always.