/biz/ - Business & Finance

So here's what we've got coming up in the future:
1) An AMA with Tomochain on the 30th that is supposedly "major news" and they're "going to announce an event that has never taken place before in the blockchain sphere to this extent". Lition have never hyped up an announcement and the telegram admins act smug whenever it's mentioned. Not going to lie though I when I first heard it was with Tomochain I was kind of disappointed. I don't see what they could possibly announce that will so amazing and fantastic. I hope it's not something that only people with 180 IQ and a PHD can understand and get excited over. Well actually I kind of do, I just hope it's really good and obviously good.
2) We should be seeing an actual decent exchange coming in a few days. I wouldn't normally give a shit about exchanges but Lition desperately needs liquidity and Lition needs to be much easier to buy if we want normies to rush in and jack up the price. I think it's bullish that the team were so reluctant to put Lition on decent exchanges until now. They were too busy getting the fundamentals of the project right. It's a sign that they have their priorities straight and they aren't trying to pump and dump this token.
3) They're going to implementing oracles (most likely with Chainlink) into their blockchain to ensure that the transaction cost stays at 1 cent. I believe at the end of the last AMA, Kyung hinted at oracles being used as a part of Lition Energy but someone can correct me on that. We'll probably hear more about this in November.

Most bullish AMA as of yet, I'm pumped! Too bad I can't afford more.

>>23267053
Anon, If you had to sell 1/4 of your link stack to afford 5k Lit you're way better of selling them all and buy more Lition. Lition is a way better short term investment with a lot more room to grow than Link. You might even be able to buy back a twice as big link stack only by selling a fraction of your Lit. Just food for thought, that's how I would play it atleast.

>>22475054

>>22302106
>>22302412
I hate you so much.

>>22012555
You're an idiot. The only "testing" they will be doing is running a node.

>>21918401
>failed to launch mainnet, team keeps missing deadlines
Yeah that's the reason why it's so ridiculously underpriced right now. They haven't failed to meet deadlines though.
>company lists employees that are no longer affiliated
No they don't. Their employee list is completely up to date.
>devs are continuously dumping tokens, even ones supposedly reserved for staking rewards
Every single legitimate and successful project has had the founders "dumping" tokens. There aren't any tokens reserved for staking rewards. But anyway they've given away more tokens to stakers and burned significantly more tokens than they have sold. They sell much less than Sergey.
>was a flavor-of-the-month shitcoin over a year ago and failed to produce anything since
You clearly cannot extrapolate into the future.
>tech is a dumb gimmick that anybody can reproduce
Being the only crypto to comply with European law is not a gimmick. It is essential for a cryptoasset to comply with the law if it wants to be used. Mindsets like yours believing that crypto doesn't need to comply with regulations is just fucking stupid and is holding crypto back. If anyone could reproduce it then why haven't they? They have first movers advantage. ETH was the first for smart contracts and is still in the lead despite being inferior to many other projects.
>testnet crash and the team decide to close the website to hide their failure
Not only is this routine, Mark confirmed that this was not because of a failure.

>>21909908
In 2019 it wasn't being used. It still isn't. Mainnet 2.0 completely changes that.
>mainnet is always overrated as a price-catalyst.
That's only for cryptos that have no utility.

>>21794154
That's insider trading, which is illegal. And even if they have been selling (because no proof has been provided) it doesn't matter at all. Unless Lition has been consistently lying to us then there's no reason to think that any insider information is somehow so bearish that they need to do some incredibly illegal exit scamming which will ruin Lition Energy's reputation.

If Lition didn't exit scam last year with the failed mainnet launch, what makes you think they would do it now?

>>21593988
>I am currently reading about Lition and Energy Web.
>They seem to be attempting to solve the same problem
I swear people go out of their way to annoy me.

>>21437307
I agree there's a decent chance that it will become top 10 eventually. I highly doubt that it will be top 10 in 6 months.

>>21394555
Waste of a get. And yes you missed the opportunity to buy dirt cheap. We'll be leaving without you.

>>21254999
Digits and well said. $999 EOY.

G
R
E
E
N

>>21212754
Summening the gods of chaos.

>>21187286
>but there’s no way that is going to happen.
They are literally going to have millions of transactions in the energy sidechain. It will be enough.

>>21125498
I'm also not sure if that 25% number is correct.

>>21110633
>Most of the lit memes you'll see were made by the guy.
I did not make LITGEN.

>>21017634
In case people are unaware, Lition fixed consensus a lot earlier this year. This is why Richard said that he expected a Q2 mainnet launch and why the SAP Insider made his threads in April suggesting an upcoming announcement. Lition never encountered any issues with the consensus fix although they have updated and optimised some things. What caused the delay to the mainnet and to the SAP announcement was that Richard wanted to do shit tonnes of tests because he was absolutely certain that it was ready. You're going to get your announcement soon anons. You've barely got any time left to buy in at such criminally low prices.

>>21006163
I asked the team about a month ago and they said the multipliers are here to stay.

>>20972291
based

>>20860735
Nice.

>>20708811