/biz/ - Business & Finance

>>13378680
Tokens will be used to create side chains, pay for gas in the side chains created for each business deal, and also staking to guarantee the security of the chain.

With the SAP partnership, Lition gets access to their client portfolio, which means that if you buy now while it's still cheap, in the future when the mainnet goes live and the chain has massive transaction volume, you will mostlikely make bank from staking, (similar to how people that bought antshares made bank from GAS)

>>13363786
They pretty much signed a contract with SAP, and if SAP has a client that could use Lition's technology, they do it.

So far it is being used to make a $20 milion syndicated loan deal between Volksbanken Raiffeisenbanken and real estate development company ( https://finance.yahoo.com/news/lition-vr-bank-cooperate-process-160500387.html )

And when the main net goes live Q3 2019, Tokens will be used to create the side chains being used in these deals, to pay gas fees inside the public and private chains, as well as being used for staking, in order to secure the network.

Also in the private sale that took place (no bonuses and locked for 90 - 180 days), tokens were sold to enterprises who have interest in using the tokens when the main net goes live, some speculation going around about what companies bought in, but nobody knows for sure.