/biz/ - Business & Finance

Hi guys, Richard here.
The correct answer is Lition.
Ticker: LIT
You're welcome.

>>17258490
Richard here.
How much Lition do you own my friend?

Hi guys it's Richard here.
So let me start with informing you that we've been very busy here at Lition.

The recent price drop has been linked to two things mainly. A return to beta testing phase and bad tokenomics.
We are hard ar work tackling the first issue and are testing the net up to 150 txs a min now.
The tokenomics has been negociated with our early investors and advisors and we reached a deal and they agree to have the token unlocks postponed significantly. In return we at lition put our money where our mouth is and agreed to burn a further 75% of our tojens and 70% of the community tokens for a total of a 29,5 million LIT burn taking LIT supply down to 100,5 million.

We are pleased to have announced a partnership with N26 and have more announcements to make shortly so keep tuning in.

Also the energy usecase is really coming along nicely and we are currently adding 100+ customers per day already serving 15000 households in Germany.

Each household pays sends a transaction on our lition network to pay their electricity for the day. This transaction costs 1 cent. The energy usecase is thus already generating an income of 150 dollars per day for our stakeholders. We are hoping to grow this energy business into 100k sometime next year and eventually reach over 1 million households in germany.
Needless to say that in such a scenario (1 million transactions over the Lition network per day) staking would become very profitable, bringing in about 4 million per year.

That is off course just the energy usecase and only its implementation in Germany. The Lition network can scale far larger than that with for example GDPR compliant syndicated loan transactions, another usecase we are working on.

Hope this helps.

Richard here.
1 LIT
Checkem.

>>17254491
Hi guys it's Richard here.
So let me start with informing you that we've been very busy here at Lition.
The price drop has been linked to two things mainly. A return to beta testing phase and bad tokenomics.
We are hard ar work tackling the first issue and are testing the net up to 150 txs a min now.
The tokenomics has been negociated with our early investors and advisors and we reached a deal and they agree to have the token unlocks postponed significantly. In return we at lition put our money where our mouth is and agreed to burn a further 75% of our tojens and 70% of the community tokens for a total of a 29,5 million LIT burn taking LIT supply down to 100,5 million.

We are pleased to have announced a partnership with N26 and have more announcements to make shortly so keep tuning in.

Also the energy usecase is really coming along nicely and we are currently adding 100+ customers per day.

Hope this helps,

Richard here.
Just to let you know we are burning another 25% of our tokens.

https://medium.com/lition-blog/lition-burns-75-of-team-tokens-as-their-part-of-seed-investor-lockup-extension-deal-29-5m-lit-df12faa5a43c