Vitor “The Phenom” Belfort, 44, of Brazil has partnered with LITH Token ($LITH), a green-oriented decentralized community focused on improving the environment. Currently based in Boca Raton, Florida, United States, the mixed martial arts veteran fought in the Ultimate Fighting Championship from 1997 to 2018.
As part of the partnership, Belfort will represent LITH Token and its Indigenous People’s Initiative (IPI). In this agreement, he is joining the growing number of professional athletes representing cryptocurrency companies and asking to be paid for it all in digital currency including National Football League players Russell Okung, 32, Saquon Barkley, 24, and Trevor Lawrence, 21, and undefeated professional boxer Floyd Mayweather Jr., 44, who was later found in violation of the Securities and Exchange Commission (SEC) for not disclosing a paid endorsement prior to publicizing the partnership.
“Vitor Belfort is the ultimate choice to represent LITH Token,” LITH Token founder Andrew Rymer said. “He is South American and is very well known and respected there as a great athlete and as a great person and with The Indigenous People’s Initiative meant to help those in Chile and Argentina impacted by lithium mining, Vitor Belfort can lead this Initiative better than anyone.”
Belfort is joining the effort to help those in South America impacted by lithium mining through the IPI. An IPI wallet, which is currently funded with 10 million tokens, was opened to fund this initiative.
All profit from LITH Token merchandise sales will be used for the purpose of funding the IPI wallet and allowing for continual donations in addition to more fundraising measures under development. LITH Token will maintain 50 percent of the profits of merchandise sold in USD and 50 percent through LITH token buy backs, an approach that allows LITH Token to have stable tokens on hand for short-term charitable goals and LITH tokens that can grow in value for long term goals.
“The conventional extraction methods of lithium in South America have greatly affected the environment of indigenous people,” Rymer said. “We aim to right these wrongs through the LITH Token Indigenous People’s Initiative (IPI), which will help provide indigenous people with the tools and education for better living in a new and cleaner environment.”
In the race to decarbonize planet Earth, LITH Token is very much in favor of the use of lithium to enable the production of sustainable vehicles, including electric cars, which primarily run on lithium batteries. However, the traditional mining and extraction method of lithium, specifically in Chile and Argentina where 50 percent of the world’s reserves are located, has damaged the environment.
To this end, LITH Token has specifically chosen to partner with Ensorcia and Sorcia Minerals, a mining company that uses a cutting-edge, proprietary technology mining process that casts a softer footprint on the local environment. The mining company will be contributing a sizeable number of tokens to the IPI wallet as part of its ongoing support of the initiative and the indigenous people of Chile and Argentina.
“Vitor Belfort agrees that switching to more sustainable vehicles is imperative to sustaining life on this planet,” Ensorcia and Sorcia Minerals president Daniel Layton said. “He will be a game-changer in helping this movement and has our full support in providing the resources he will need to lead this charge the best way he sees fit.”
LITH Token merchandise is available through the official LITH website at www.LITHtoken.io; ALL proceeds from merchandise sales will benefit the Indigenous People’s Initiative.
“I have so much respect for LITH Token’s effort to help South Americans in need,” Belfort said. “When I was presented this opportunity with LITH Token, I talked to my family and my team and we agreed this is a good position to help people and promote the change to energies that will protect our children’s future.”
Belfort has been competing in professional combat sports since 1996. Throughout his life, he has applied the practice of Christianity as well as the principles of respect and discipline as taught to him in his boxing and martial arts training.
Born in Rio de Janeiro, Brazil, Belfort began boxing at the age of 12 and later earned a black belt in jiu-jitsu with the late Carlson Gracie. On April 11, 2006, Belfort made his professional boxing debut in Bahia, Brazil where he knocked out his countryman Josemario Neves.
After leaving the UFC, Belfort joined ONE Championship in 2019. In June 2021, it was confirmed that he left the Singapore-based martial arts organization without a single fight.
On September 11, 2021, Belfort and Oscar “The Golden Boy” de la Hoya, 48, of Los Angeles, California, USA will headline a Triller Fight Club event at the Staples Center in Los Angeles. This marks the Brazilian MMA fighter’s second professional boxing bout and the Mexican-American boxing legend’s 46th professional boxing bout.
Belfort will proudly feature a LITH logo on his boxing shorts in his fight against de la Hoya. Tune in to watch the fight via the digital app FITE here: https://www.fite.tv/watch/oscar-de-la-hoya-vs-vitor-belfort/2p9su/