/biz/ - Business & Finance

https://www.lition.io/docs/Lition_Whitepaper.pdf

Here you go now shut the fuckup nigger

>>14580129

>>14580129
Some premium speculation

I found no one who could explain me what "co-innovation" actually means. Literally no one knows.

>>14580691
Look at the YouTube interviews with SAPs CTO. They are co-founding a project

>>14580725
>They are co-founding a project

Bullshit.

>>14580735
Ok stay poor

Based on my personal research, this is actually the best coin/token to real wealth at this time. The more research you do on Lit the more you invest. Dont know why some people aren't buying as much as possible now,they'll realize and start investing at 80m mcap.

>>14580812
Yeah, any anons that do their own research (which you should do if you’re investing) is unironically going to make it. Seems like LIT movement is gaining traction on this board though

I am still accumulating, am I fucked? FUCKING should have bought the dip FML

>>14580129
it's a scam

>>14580901
We’re at sub 10m market cap. Not too late, just shouldn’t listen to idiot fudders like this guy >>14580938 who tried to time the market and got burned.

It’s funny how there was a shit ton of people yesterday saying how the dip wasn’t even close to done , now they’re fudding to try and get back in

>>14580966

>>14580129
There was a token who had Soros right hand as adivsor and it still dumped to oblivion

>>14581015
That's exactly why it dumped.

>>14581015
you mean jnt?

>>14581074
yes obviously

>>14581107
And it crashed to our current market cap. If it pumps to 80M like JNT did, thanks for the 10x

>when exchange or GTFO

>>14581390
This is indeed a concern. IDEX and Hotbit alone are too low volume to sustain a pump to $50MM+ market cap.

>>14580691

why don't plebs do their own research?

WC
How is SAP “co-innovating” Lition? What does that actually mean?
SV
It means we’ve signed a contract to work together on bringing blockchains to mass market use. This is a common goal, based on our joint observations that today’s blockchain architectures do not support requirements of typical business use cases like managing both private and public data, legal compliance for data protection, transaction speeds, etc.

https://medium.com/wolf-crypto/lition-ama-with-wolf-crypto-19207b75b66e

>>14581676
>>14581390
They currently are pending for a Binance Dex listing

>>14580593
Kek thx.
I guess it's perhaps hard to follow if you dont post the first post >>14577922

>>14580691
First page of white paper, second paragraph.

>>14580129
Anyone know why the circulating supply is such a low proportion of the total?
>Circulating Supply: 24,909,315 LIT
>Total Supply 145,100,556 LIT

>>14580938
>>14580971
SEEEEETHING

>Ok, so I just bought 40eth worth (36k+) of these

>Still, I haven't followed the project much before today

How to lose all your money, step 1

Lition signs a Co-innovation Agreement with SAP. The technology partners are exploring the development of a public-private blockchain for business.

The technology partnership was first announced at the Consensus Conference in New York City in May 2018 by Torsten Zube, Head of Blockchain at SAP.

Blockchain experts know the limitations of current-generation blockchain technologies, such as
* the secure exchange of private data in distributed environments
* scalability (block confirmation time and transaction costs)
* compliance to regulatory requirements like deletion of data (GDPR compliance) hinder a mass market adoption of blockchain technology.
Both companies have therefore been validating these topics in a series of workshops over the last half year. SAP is exploring a private, permissioned, decentralized technology for verifiable exchanges of data while Lition is focusing on a public, permission-less blockchain. Both companies strive to integrate these two parts to allow for private communication and publicly verifiable claims.

Currently, SAP and Lition blockchain developers are collaborating in design-thinking workshops, laying the foundation for the worlds first public-private blockchain with deletable data features for all business.
"Helping our customers solve their business challenges is always at the very center of what we do", said Torsten Zube, Head of Blockchain at SAP. "With this cooperation, we intend to explore better options to facilitate the value-adding adoption of blockchain or blockchain-influenced applications for real business use cases."

Dr. Richard Lohwasser, Lition's CEO commented, "This partnership is based on the distinct strengths of each company, bringing together Litions expertise of public blockchain requirements, agile mindset and high market launch velocity with SAP's strong development resources and powerful innovation capabilities. SAP is the ideal partner to co-innovate and create the go to blockchain standard for business.

>>14582362
VC firms, seed investors, and the dev team have a certain proportion unlocked over the next four years. Also, corporations that use this need to purchase coins either from the general public or the company to stake nodes, etc

>>14582246
Binance DEX is useless.

>>14582491
Baby steps .. a legitimate company like this one realizes you have one chance at a major exchange listing. If you ran a tech startup, would you list on the NYSE without something as crucial as a mainnet launch not even done yet?

>>14580129
>SAP
is this 2005?

>>14582575
HAHAHA Zoomers

>muh old company

>>14582575
It is what you make of it. Fact is that Lit is going to moon like fucking crazy the next couple of months.

>>14582568
Just saying Binance dex is not an answer to anything except maybe getting your foot in the door for the CEX. When is mainnet speculated to launch?

>>14582593
nope, I'm a 30yr old boomer, but I know SAP was for the real baby boomers, those were the fucktards that got into bed with SAP, and fucked their companies, and never saw any ROI.

>>14582647
Q3 2019, private mainnet was already launched in Q2

>>14582362

Yeah just found this out too. Selling when I get home this will never moon

Has SAP ever mention LIT?

The video with SAP CIO, it was in a public space, not in SAP office, nor LIT offices, it is weird like Müller wanted to make his LITION business something personal, nothing official related to his SAP position

>>14582788
So you think It is a blatant scam?

>>14582788
https://www.youtube.com/watch?v=FGZlO_Y8GAU
https://de.linkedin.com/in/torsten-zube

>>14580129

Newfag. Is hotbit a reliable exchange? Idex seems confusing

>>14582960
use IDEX. have a look at the guides. super simple

>>14582864
no, but they tend (like many others) to overhype, so I can't trust them.

Today for example their twit is:
>Lition has secured a piloting project with two Banks of the German Volks- and Raiffeisenbanken, which are part of a Coop. Financial Network holding assets summing up to more than 1 trillion USD (891 billion EUR) and a real estate Dev. Company.

Uhhh a trillion dollar bank. Well first, it's old news from march
https://medium.com/lition-blog/lition-and-volks-and-raiffeisenbank-vr-bank-cooperate-to-process-a-20-million-syndicated-loan-2ac55f688c59

Second, it's just a test of a loan on the blockchain. I mean, it is nice to put the foot on the door on a bank, but the hype they use is way over the top. There are more examples like this.

>>14582788
read >>14582437
see >>14582907

>>14583078
its not old news.
The 20mio pilot project from march was sucessful... Jeez have a look in the others LIT posts there you go.

>>14583078
they overhype because they really need commercial exposure. the project wont be a success without it

why is the token needed? they even say they will make their own mainnet and not migrate the token.

>>14583358
its needed for financial speculation
/thread

>>14583358
might want to provide some sauce on that statement cowboy

>>14580129
Well for one, the supply will more than double by October:

https://medium.com/lition-blog/lition-increases-lockup-period-for-all-locked-tokens-ddb62de298b9

>>14583805
so?
their initial plan was 4x the suply by october but they changed that to make us comfy

We pumping boys

>>14583779
I read it yesterday ; somewhere on their website they explain there will be no token swap when mainnet launches. This to me implies the token will stay on eth, no? Besides, if it doesn't, how is this really even something built on top of eth and not totally independent?

>>14583929
ya thanks to people like me trying to be a top 50 wallet ;)

>>14583964
>>>
makes it easier for liquidity if its an erc20

>>14584028
How much did u put in?

How much to make it? I have 2k

>>14580129
Enjoy getting dumped on endlessly. Buy the SNTVT floor.

Watching these sell orders are hilarious, cause each seller is literally throwing away free money HAHAHA

>>14584056
true but this circles back to my original point of what is the purpose of the token

>>14583898
OP asked if there is stuff he should know

Don't get me wrong, I like LIT, but when they announce that first dilution, there will be pink wojacks if people aren't expecting it. The dilution isn't on everyone's radar and Lition probably isn't too interested in shouting about it, even with the much better dilution schedule. Not that dilution changes the fundamentals whatsoever.

Lition seems part of the fusion fantom binance ecosystem.

>>14584788
It's a blockchain (after mainnet) so the purpose of the token is the same as the purpose of ETH

>>14584812
There will only be pink wojaks IF the unlocked tokens are dumped en-masse by the early investors (not happening btw, they wouldn't bail out of an investment that quick), otherwise the price would remain the same

>>14584855
You're right about that, but the market is reactionary. Anyway, I really like the project and wish I had bought more earlier.