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KaJ Labs, developer of Lithosphere (LITHO), announced that it plans to buy Luna Foundation Guard's (LFG) assets for $26 million. The assets will be used for Terra Classic USD's (USTC) reserve and to burn LUNC and via the Finesse game series.
The announcement by KaJ Labs comes in the wake of LFG indicating it was unable to disperse its remaining assets to UST holders. LFG said this was due to pending and potential litigation.
The LUNC burn will take place with the launch of the first chapter of the Finesse game series, Shadow Warriors on Dec. 18, 2022. Lithosphere (LITHO) will allocate $15 million Terra Classic USD (USTC) to facilitate the LUNC burn in Finesse should the deal succeed.
Lithosphere Network
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The first chapter in the Finesse game series is Shadow Warriors and Lithosphere has released a season preview of the game. Players can get their first look at the eagerly awaited game for Android or their Web browser.
KaJ Labs potential acquisition of Luna Foundation Guard's assets will help facilitate the LUNC burn when the Finesse game series officially launches on December 18, 2022.
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About Lithosphere
Lithosphere is a next-generation network for cross-chain decentralized applications powered by AI and Deep Learning.
About KaJ Labs
KaJ Labs is a decentralized research organization focusing on AI and blockchain technology. We're driven to create innovative products that work for the greater good around the globe.
Media Contact
Dorothy Marley
Phone: (707)-622-6168
Email: media@kajlabs.com
KaJ Labs Foundation
4730 University Way NE 104-#175
Seattle, WA 98105
Website: https://kajlabs.org
Website: https://lithosphere.network
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/140928
