Lithium, a memoir

2020 — 2023

Dear community, Lithium Ventures is no longer active.

Lithium was a community-led crypto project with one idea: that getting into promising crypto startups at the earliest stage shouldn't require being an insider.

While we burned, we burned bright. Without any external investors, purely community-backed, we did tens of millions in transaction volume and launched a token that reached a market cap of over $20m.

Below is a short memoir that, as devs, we wanted to keep to thank everyone who made Lithium possible.

EBSC · BNB · 0x01a78db6…4522IONS · POLYGON · 0xd6d3B425…D72C
01the token
peak fully diluted value$21.5M
total volume$36.8M
trades70,365
buy-side inflows$18.7M
holders at peak10,607
buyer wallets19,117
on-chain transfers91,131
best single day$3.9M
days with a trade997
02fully diluted value · 2021–2026
05M10M15M20M20222023202420252026$21.5M · 2021-11-25
fig.1 — daily high price. — EBSC / BNB Chain · --- IONS / Polygon
03the launchpad
·3,445 investor wallets bought 9,750 allocations — an average cheque of $417, the largest $20,762.
·56% came back for another sale; one wallet joined 20 of them.
·The best month was November 2021: $1,114,465.
·Bit Hotel sold out in 60 minutes — $429,518, about $7,159 a minute.
·One Button took $108,491 in its first 60 seconds.
·Astra Guild raised $435,610 in 2.5 hours; the biggest sale drew 1,232 investors.
04A brief timeline
2021-04-05earlybsc.com is first captured by the Wayback Machine.
2021-04-27First swap on PancakeSwap: 6,392 trades, $3.9M on day one.
2021-05-07CoinGecko lists the token. First tracked price: $0.00206.
2021-05-16CoinGecko shows $312,673 traded in 24 hours.
2021-05-28Rebrand to Lithium Ventures; lithium.ventures goes live.
2021-09Launchpad goes live; the first project raises about $400K.
2021-10Launch two raises roughly $700K; the token starts climbing.
2021-11The biggest launch raises about $2M, days before the peak.
2021-11-25The peak: a trade prints $0.00430 — $21.5M fully diluted.
2022-01A fourth launch raises about $1M into a falling market.
2022The bear market takes the price down with the 2021 cohort.
2022-06-06Last EBSC trade on BNB Chain.
2022-06-09IONS deploys on Polygon; 193 of 10,607 holders migrate 100:1.
2022-06-12IONS spikes to $0.09935 (about $4.9M FDV), then declines.
2024-08-12CoinGecko archives its last copy; the token is delisted.
todayNo active market; 12,186 addresses still hold EBSC.
05Sharps v Squares

Some wallets came out well ahead. Most didn't, which is the honest truth of any 2021 token. Here's a look at the winners.

4,508 came out ahead15,175 did not
010x64be…3378in $43,903 · out $264,063+$220,161
020xd054…baa8in $846 · out $165,214+$164,368
030x0f59…6900in $2,447 · out $101,709+$99,263
040x4b5b…9514in $142,924 · out $241,562+$98,639
050xadc5…fdf1in $56,704 · out $145,974+$89,270
060x0811…2406in $236,299 · out $324,347+$88,048
070x7b27…ba22in $10,974 · out $97,323+$86,349
080xeefd…1100in $16,426 · out $74,323+$57,897
090x605a…a7cein $2,327 · out $53,560+$51,233
100xcbbc…690din $17,379 · out $61,396+$44,017
06A few iterations
01 · earlybsc.com · 2021-04-27
01 · earlybsc.com · 2021-04-27 · snapshot
02 · earlybsc.com · 2021-05-05
02 · earlybsc.com · 2021-05-05 · snapshot
03 · lithium.ventures · 2021-05-28
03 · lithium.ventures · 2021-05-28 · snapshot
04 · /case-studies · 2021-10-26
04 · /case-studies · 2021-10-26 · snapshot
05 · lithium.ventures · 2021-11-18
05 · lithium.ventures · 2021-11-18 · snapshot
06 · lithium.ventures · 2023-07-04
06 · lithium.ventures · 2023-07-04 · snapshot

// end of record

Thanks once again to everyone who traded, memed, moderated and helped shape the direction of Lithium. It was a wild time in history that we likely won't see again.

Lithium

— the devs