Hello,\nSatoshi clubbers! Another AMA took place in Satoshi Club and we would like to\nintroduce to you the AMA session with our friends from Liti Capital and our\nguests was @dvkay1979. The AMA took place on 15 August.<\/p>\n\n\n\n
The\nAMA session was divided into 3 parts with a total crypto reward pool of 500$ <\/p>\n\n\n\n
In\nthis AMA Recap, we will try to summarise the most interesting points for you.<\/p>\n\n\n\n
Mary | Satoshi Club:<\/strong> Hello \nSatoshi Club! We are happy to announce our AMA session with Liti Capital\n! Welcome to Satoshi Club😀<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\ntoday our guest – @dvkay1979 ! 🙌<\/p>\n\n\n\n hello! we glad to have\nyou here 😊<\/p>\n\n\n\n how are you doing\ntoday?<\/p>\n\n\n\n David Kay:<\/strong>\ngreat!<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Welcome to Satoshi Club 😀<\/p>\n\n\n\n David Kay:<\/strong>\nand I’m so glad to be here.<\/p>\n\n\n\n Thanks so much. It’s an\nabsolute pleasure and privilege to be able to present in front of your\ncommunity<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> We are also happy to have you here today 👍<\/p>\n\n\n\n And… Let’s start our\nAMA 🚀<\/p>\n\n\n\n Could you please\nintroduce yourself and tell us more about Liti Capital 😀<\/p>\n\n\n\n David Kay:<\/strong>\n Absolutely.<\/p>\n\n\n\n My name is David Kay, and\nI am the Executive Chairman and CIO (Chief Investment Officer) of Liti Capital.<\/p>\n\n\n\n We are the next\ngeneration of Fintech. We are the first Private Equity fund to be launched and\nrun through the blockchain. Our view is that the returns that come to investors\nthru private equity should no longer just be offered to the 1% – its time to democratize\nprivate equity. Liti Capital is the first, and only, private equity for\neveryone!<\/p>\n\n\n\n I would also note that today is a somewhat\nspecial day to be here….we actually just announced this morning our first\nlisting on a centralized exchange!<\/p>\n\n\n\n After more than\ntripling since our launch last month, we are not going to start trading on\nHitBTC on Tuesday morning.<\/p>\n\n\n\n Done.<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nthis is awesome news 👏👏 congrats !<\/p>\n\n\n\n David Kay:<\/strong>\nThanks so much! Just the beginning.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Nice choice! Can you give us more details about\nupcoming listing 🤩<\/p>\n\n\n\n David Kay:<\/strong>\nFor sure!<\/p>\n\n\n\n We just announced the\nlisting of the $wliti token 2 hours ago for our community.<\/p>\n\n\n\n Deposits for trading\nwill be allowed starting Monday, and we will be live for trading on Tuesday\nmorning.<\/p>\n\n\n\n HitBTC is so excited to\nhave us that they agreed that we would be the only new token listed this week.\nCan you believe that?!?<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Awesome 👏<\/p>\n\n\n\n David Kay:<\/strong>\nWe also are launching a 2,000,000 wliti trading reqard program 4 days after our\nlisting.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Unbelievable! They know what thay are doing 😉<\/p>\n\n\n\n David Kay:<\/strong>\nThat’s $60,000 USD of rewards for people who trade our token.<\/p>\n\n\n\n So…..that’s fun.<\/p>\n\n\n\n Done<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\n👍 what pairs for trading will be available btw?<\/p>\n\n\n\n David Kay:<\/strong>\nThat’s a great question. I believe both ETH and BTC, but I will have my team\nconfirm!<\/p>\n\n\n\n David Kay:<\/strong>\ndone<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> 👏<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nnice! that’s a top pairs 👍<\/p>\n\n\n\n David Kay:<\/strong>\nWait!<\/p>\n\n\n\n hold up!<\/p>\n\n\n\n I just was\ntold….wLiti\/USDT and wLiti\/BTC<\/p>\n\n\n\n Those are the two\npairs.<\/p>\n\n\n\n (That’s why its so important to have a great\nteam there to support me….)<\/p>\n\n\n\n Done<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Cool 👍 And let’s go back to the intro😃\ncould you tell us more about the team behind Liti Capital and their experience?😉<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\none pair to btc and one to stablecoin! that’s even better 👌<\/p>\n\n\n\n David Kay:<\/strong>\n Sure thing.<\/p>\n\n\n\n My background is\nactually in private equity. I founded and ran a $1b+ private equity firm in NYC\nfor the last 10 years.<\/p>\n\n\n\n Jonas, my CEO, founded\nand ran one of the largest intelligence firms in Europe. We are quite a pair.<\/p>\n\n\n\n We. Don’t. Mess. About<\/p>\n\n\n\n Andy is our COO. He’s a\ntop data scientist and one of the best operational partners we could ever have.\nA true pro.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Wow, awesome background!<\/p>\n\n\n\n David Kay:<\/strong>\nJaime heads up our Technology, and he is an absolute genius. More degrees than\nwe have time.<\/p>\n\n\n\n But most importantly,\nour entire team has done this before. We have all built and managed successful\nbusinesses with fiat, and made money for investors. And now we are taking those\nskill sets and applying them to the blockchain.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> It seems that your team has everything to reach\nsuccess 👍<\/p>\n\n\n\n David Kay:<\/strong>\nWe know how to do this. We are the next generation. We are not a currency, but\nrather – we are a business. One that operates, that is transparent, and that will\nmake money for our investors.<\/p>\n\n\n\n For sure.<\/p>\n\n\n\n Done.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Agree with you😀<\/p>\n\n\n\n Thank you for your\nintro, David!<\/p>\n\n\n\n David Kay:<\/strong>\nNo problem!<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> We choose 6 questions from our community for the\nfirst part of our AMA 😀 are you ready for them?<\/p>\n\n\n\n David Kay:<\/strong>\nCan’t wait. Hit me!<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\n🚀 appreciate for awesome intro! let’s open the first part 🙃<\/p>\n\n\n\n Q1 from Telegram user @jodasf<\/em><\/strong><\/p>\n\n\n\n I read that Liti Capital is making a game changer\nfor litigation funding, but what are the differences that Liti Capital has with\nrespect to traditional litigation funding, what are the changes that you think\ntraditional litigation funding needs today and what are the innovations that\nLiti Capital will, of course, introduce in the litigation funding segment?<\/strong><\/p>\n\n\n\n David Kay:<\/strong>\nWe’re actually very similar to traditional litigation funds, only better in a\nbunch of ways. <\/p>\n\n\n\n Access to private\nequity funds like litigation financing have historically been restricted to\nso-called “accredited investors”… Because of this, the highly\nprofitable litigation finance industry has been made exclusive to the top 1%.\nHere is where Liti Capital comes in. Thanks to blockchain technology, our\nequity token creates the opportunity for anyone to invest. It doesn’t matter if\nyou have $100 or $1,000,000. We’re giving access to retail investors to invest\nin this once-exclusive industry. We’re disrupting the industry by making\nprivate equity available to all!<\/p>\n\n\n\n This about it this\nway… litigation finance has been on of the top performing asset classes in\nthe world for the last 15 years, but most people haven’t heard of it. Do you\nknow why?<\/p>\n\n\n\n Bc of what I just said\n– it’s only been available to people that have more than $1mm of liquidity.<\/p>\n\n\n\n Not anymore.<\/p>\n\n\n\n The key to what we are\ndoing isn’t so much that we are going to change the litigation financing\nprocess itself. Litigation financing is an asset backed strategy that generates\n30-50% annual returns….We love that!<\/p>\n\n\n\n What we are doing\nthat’s really going to change the game is to bring those returns to everyone.<\/p>\n\n\n\n Some of the dumbest\npeople I know have more than $1mm of liquidity<\/p>\n\n\n\n and some of the\nsmartest people I know have less than $1mm of liquidity.<\/p>\n\n\n\n The democratization of\nfinance, and of private equity, is here – and Liti is leading the way. Whether\nyou have $1 or $10,000,000 – you are welcome here.<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nyes we can often face such a things in life \n😄<\/p>\n\n\n\n David Kay:<\/strong>\nDone.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> I can guess, that we are still from that 99%🤣\ncan you explain to our community more about litigation finances and how this\nsystem works? May be on one small example 😀<\/p>\n\n\n\n David Kay:<\/strong>\nSure. <\/p>\n\n\n\n Let\u2019s say HugeCo came\nand offered you $20mm for your telegram channel. Amazing right?<\/p>\n\n\n\n Now – let\u2019s say that\nthere was a provision in that contract that said that if they determined that\nyou did something untoward in the money before the sale – they got to keep your\ntelegram for no money.<\/p>\n\n\n\n And you\u2026.wait for\nit\u2026..got a speeding ticket.<\/p>\n\n\n\n And now HugeCo is\nsaying this telegram channel is now theirs. And you get exactly zero dollars.<\/p>\n\n\n\n What happens?<\/p>\n\n\n\n It will take $2-3mm to\nfight HugeCo. What do you do?<\/p>\n\n\n\n The sad reality of it\nis that most of the time HugeCo wins.<\/p>\n\n\n\n But that\u2019s where we\ncome in\u2026<\/p>\n\n\n\n For those people that\ndon\u2019t have the $2-$3mm to fight HugeCo and have been wronged – we come in. We\nprovide that $2-3mm.<\/p>\n\n\n\n And in exchange we get\na % of the upside. So in your case, let\u2019s say 30%\u2026<\/p>\n\n\n\n Now we stand up and\nfight HugeCo – and (obviously) we win.<\/p>\n\n\n\n Now, instead of\nnothing, you make $14mm. Pretty good, right? Especially when you take no risk!<\/p>\n\n\n\n And Liti makes $6mm –\nnot bad either!!<\/p>\n\n\n\n That – in a nutshell –\nis what litigation financing is….and how we make money.<\/p>\n\n\n\n D. | Satoshi Club: <\/strong>very clear example 👍<\/p>\n\n\n\n David Kay:<\/strong>\n Thanks!<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>Thank you! Awesome explanation! Now everything is\nclear for me 😀<\/p>\n\n\n\n And i hope for our\ncommunity 😜<\/p>\n\n\n\n David Kay:<\/strong>\nme too!<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> David, are you ready for the next question?<\/p>\n\n\n\n David Kay:<\/strong>\nyes!<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\n🚀🚀🚀🚀🚀<\/p>\n\n\n\n Q2 from Telegram user\n@UplineStephen<\/em><\/strong><\/p>\n\n\n\n Liti Capital has created two tokens that work\ntogether as one to make the litigation finance and the company\u2019s shares\navaliable to investors. The launch of LITI and wLITI tokens allows any investor\nto engage in the high-performing litigation finance market previously only available\nto elite investors. However, unlike wLITI tokens, I noticed that investors can\nonly purchase the LITI token by passing KYC. May I ask what is the main\ndfferences between the LITI token and the wLITI token? Also, why is it the LITI\ntoken requires that an investor passes KYC before buying but wLITI does NOT\nrequire KYC?<\/strong><\/p>\n\n\n\n David Kay:<\/strong>\nAlthough we’re on the blockchain, Liti Capital is still a real company,\nregulated by Swiss law. Being regulated means that we have to comply with all\nrules and regulations set forth by them, including the requirement for KYC to\nown company stock, or in our case, the LITI token. <\/p>\n\n\n\n Creating the wLITI\ntoken was the answer to providing access to everyone. This wrapped version of\nthe LITI token is directly tied via a smart contract at a ratio of 1 LITI: 5000\nwLITI. With wLITI, you can invest and trade on centralized and decentralized\nexchanges with ease, never having to worry about KYC.<\/p>\n\n\n\n This structure will be\nthe future. Remember, we are NOT a currency. We are a real company. We have\noffices, we generate revenue (and hopefully lots of $ for our token holders). Our\nvalue doesn’t actually go down if BTC goes down! Imagine that?<\/p>\n\n\n\n “Real”\nbusinesses that are more safe, and more stable, are coming. We are one of those\nbusinesses. <\/p>\n\n\n\n But all those benefits\nalso mean that we need to follow the rules. And those rules are what require us\nto have two tokens.<\/p>\n\n\n\n David Kay:<\/strong>\nCritically tho, they are reflections of each other. I like to think about it\nlike pizza.<\/p>\n\n\n\n The liti token is a\nlarge pizza, the wLiti is 8 slices of pizza.<\/p>\n\n\n\n They are just two diff\nways of talking about the exact same thing.<\/p>\n\n\n\n wLiti’s can be\nexchanged on our website to Liti’s in under 30 seconds (try it!). And Liti’s\ncan be turned into wLiti’s in the same amount of time (seriously, try it!).<\/p>\n\n\n\n And you can do it as\nmany times as you want!<\/p>\n\n\n\n I hope that helps!<\/p>\n\n\n\n David Kay:<\/strong>\nDone.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> You’re on Ethereum blockchain?<\/p>\n\n\n\n David Kay:<\/strong>\nYep.<\/p>\n\n\n\n ERC 20<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nbut why you decided to use Ethereum for your token? it’s the most expensive\nblockchain for transactions<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Don’t you plan to expand your pizza slices on\nanother blockchains?😀<\/p>\n\n\n\n David Kay:<\/strong>\nIt’s the most commonly used. Our goal is to be private equity for everyone – so\nwe wanted to make sure we were available to as many people as we could.<\/p>\n\n\n\n Having said that, you\nare right….and that’s why we are so excited to announce today that we are\nalso being listed on HitBTC. The fees on that exchange are extremely low.<\/p>\n\n\n\n Absolutely. Check out\nour telegram. When I tell you this is just the beginning….i’m not kidding\naround.<\/p>\n\n\n\n I would also very much\nencourage people to take a look at our chart. Stability and consistent growth\nare not just words we use.<\/p>\n\n\n\n Even when ETH has taken\na hit, we have stayed solid.<\/p>\n\n\n\n If your community does\nonly one thing after this AMA – Look. At. Our. Chart.<\/p>\n\n\n\n Consistency, stability,\nand growth.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Do you have picture of your chart?😉 Or\nlink?<\/p>\n\n\n\n David Kay:<\/strong>\nIt’s time for everyone to have at least a part of their bag in a place that you\ndon’t have to have a lump in your throat when you wake up every morning.<\/p>\n\n\n\n Done.<\/p>\n\n\n\n Let me get a link for\nyou.<\/p>\n\n\n\n https:\/\/www.dextools.io\/app\/uniswap\/pair-explorer\/0x5ac9ead73344718dca963f44af960e04f168bd65<\/a><\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Nice dext score👍 and chart🚀<\/p>\n\n\n\n David Kay:<\/strong>\nAwwww…..you are going to make me blush<\/p>\n\n\n\n we are very proud of\nwhat we have accomplished.<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nagreed, 99% 👀<\/p>\n\n\n\n David Kay:<\/strong>\nBut it’s just the start.<\/p>\n\n\n\n Q3 from Telegram user @KathDM<\/em><\/strong><\/p>\n\n\n\n In the hypothetical case that I am a small business\nowner and I want to sue a large and well-known company, but I don\u2019t have the\nmoney to pay outstanding lawyers \u2026 how could Liti Capital help me? What tools\nwould you offer me? I read that Liti Capital can pay for the case. So how does\nLiti Capital make a profit? Will Liti Capital pay 100% of the case or only a\npercentage? Would I have to pay a percentage too?<\/strong><\/p>\n\n\n\n David Kay:<\/strong>\nGreat question. Thank you.<\/p>\n\n\n\n First, I would\nencourage you to take a look at the example I gave the moderators with the\nhypothetical sale of their telegram channel.<\/p>\n\n\n\n But the sad truth is\nthat without organizations like Liti Capital small businesses or individuals\noften don’t even have the chance to go against large corporations, not even\nhypothetically. <\/p>\n\n\n\n These\n“HugeCo”s have such huge financial backing that an attempt to file\nsuit against them means you have to be ready to spend extraordinary amounts of\ntime and money. Since 90% of people and small businesses can’t even take that\nfirst step, they give up altogether. The remaining individuals that do pursue\nthe legal route end up giving up because of extremely litigation high costs or\nsettling for way less than they deserve. <\/p>\n\n\n\n Liti Capital makes it\nso that the little guys have a fighting chance. When we step in, these\ncorporations’ behavior changes. We see settlement offers increase many times\nover just by people signing on with us. This is a win-win because if someone\nwas offered $1M to settle before we come in, now with our financial backing,\nthey 10x that to $10M, we can take a percentage of the earnings and still leave\nthe client with more than they would have received otherwise. <\/p>\n\n\n\n This doesn’t even\nconsider the fact that when we say no to settlements and move forward to\ncomplete litigation, the rewards at that point are extraordinary. All of this\ncomes at no risk to the client since we’re only taking a percentage of the\nlitigation’s financial outcome.<\/p>\n\n\n\n David Kay:<\/strong>\nBut – this part is important:<\/p>\n\n\n\n It is at NO COST TO\nYOU. And no risk.<\/p>\n\n\n\n If we were to lose, it\ncosts you nothing. We take on 100% of the cost and risk. <\/p>\n\n\n\n That’s the deal.<\/p>\n\n\n\n Hope that helps.<\/p>\n\n\n\n Done.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Awesome!<\/p>\n\n\n\n Of course i hope that\nwe won’t need your services, but in case we know what to do😄<\/p>\n\n\n\n David Kay:<\/strong>\nExactly. We are the break in case of emergency, hope you never need us, guys.<\/p>\n\n\n\n BUT – if you invest in\nus, we are also the make you tons of money crew.<\/p>\n\n\n\n Q4 from Telegram user @Right_clicK1<\/em><\/strong><\/p>\n\n\n\n It is well cleared that Litigation funding is\navailable in both commercial and consumer applications. In a case where this\nfunding is been used in a large scale and complicated corporate disputes that\nare highly valued which can possibly cause breach of contract directly to\nbankruptcy or antirust, what kind of help can Liti capital render in this case?\nIn order to avoid a result of copyright or trademark infringements, how can we\nmake use of the features in your project to serve as refuge?<\/strong><\/p>\n\n\n\n David Kay:<\/strong>\nLiti Capital is a for-profit company, and believe me when I say profit. <\/p>\n\n\n\n When it comes to cases,\nwe diligently research every possible aspect of the situation before signing\non. Our goal is to win cases and generate profits for our share; I mean TOKEN\nholders 😊. <\/p>\n\n\n\n I’ll be honest with\nyou, I thought I was done with litigation finance but came out of\n“retirement” (but critically, not the Jordan into baseball type, more\nthe Jordan back to crush the NBA model…) to make an impact and a difference\nin how private equity happens. <\/p>\n\n\n\n The industry has one of\nthe highest returns, with an average of 50% cash on cash returns. I’ve managed\na portfolio worth well over $1B, I know how to navigate the industry, and we\nare certainly playing to win. Now, here’s where people are taken back. Liti\nCapital will use 20% of profits to grow the business, and 80% will be given\nback to investors in dividends. <\/p>\n\n\n\n So to more specifically\nanswer your question, every case is different. We have the in-house and\nexternal expertise to analyze any case to ensure the best possible outcomes of\na favorable outcome.<\/p>\n\n\n\n I will leave you with\nthis….both me and my team go to bed at night, and wake up in the morning\nthinking only one thing: How are we going to make money for our token holders\ntoday.<\/p>\n\n\n\n David Kay:<\/strong>\nDone.<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\ni have lil off topic question, do you have any future ideas how to implement\nNFTs in your project? are you planning to do so? or you not work with that\nsubject?<\/p>\n\n\n\n David Kay:<\/strong>\nThat’s actually a great question.<\/p>\n\n\n\n We are in the process\nof doing just that.<\/p>\n\n\n\n We will have a number\nof one-of-a-kind products available from two sources:<\/p>\n\n\n\n 1. There are some well\nknown celebrities that are holders, and who have expressed an interest in doing\nsome fun NFTs for the community<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nnice<\/p>\n\n\n\n David Kay:<\/strong>\n2. We are planning to offer some of the judgements and bank accounts of the\npeople that we go get money from as unique NFTs for our community.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Are they your litigation clients?😉<\/p>\n\n\n\n David Kay:<\/strong>\nI can’t disclose that one yet.<\/p>\n\n\n\n But I will say\nthis…..keep your eye on our socials this week.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Gotcha 😄<\/p>\n\n\n\n David Kay:<\/strong>\nYour question is going to be answered for everyone before friday.<\/p>\n\n\n\n I’m actually a little\nconcerned you guys over here at Satoshi are bugging our offices….<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nhaha 😄<\/p>\n\n\n\n David Kay:<\/strong>\nOr maybe scared?!?<\/p>\n\n\n\n hahahahaha……<\/p>\n\n\n\n Q5 from Telegram User @Cheriemike<\/em><\/strong><\/p>\n\n\n\n While reading about your platform,I notice that Liti\nCapital has found and identified the perpetrator of a cryptocurrency scam.Many\npeople have lost fund in the cryptospace to scammers having you Liti Capital is\na bright light to the crypto world etc.How were you able to do that?What tools\nwere deploy to identify and pursue crypto scammers?And what percentage are\nbeing given to community members that were victims of Crypto Fraud?<\/strong><\/p>\n\n\n\n David Kay:<\/strong>\nJonas Ray, our CEO, is the founder of Athena Intelligence, one of the world’s\nmost prestigious private intelligence firms. He’s Liam Neeson from Taken but\nfor assets. Identifying assets and proving their ownership and value, taking\ninto account both jurisdictional enforcement and hidden ownership, is a pilar\nhe built his intelligence firm on. <\/p>\n\n\n\n So if you’re a crypto\nscammer, know this:<\/p>\n\n\n\n Jonas has a very\nparticular set of skills, skills acquired over a very long career, skills that\nmake him a nightmare for people like you.”<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nlol i have seen that movie 🤣<\/p>\n\n\n\n David Kay:<\/strong>\nAlthough we are a for-profit business,\nwe believe that it’s our responsibility to give back to this wonderful\ncommunity. <\/p>\n\n\n\n As such, we have made\nan unprecedented commitment. We are committed to using 5-10% of the company’s\nprofits to go after scammers in the blockchain space, at no cost to the\nvictims. This is our way of helping to clean up and support this ecosystem that\nis supporting us.<\/p>\n\n\n\n Then you will love\nthis: https:\/\/www.youtube.com\/watch?v=KR6M-isqo1s&t=25s<\/a>\n<\/p>\n\n\n\n And this:<\/p>\n\n\n\n