/biz/ - Business & Finance

Richard here,

It's been a few days, so I thought I'd update you guys on what exciting progress we have made recently.
At Lition, we take our project very seriously and hold a long term vision.
We have identified the reasons of the price drop over the last year and are working diligently to address these reasons.

A very recent undertaking of our team was to improve the tokenomics of our project.
We convinced the early advisers to agree to delayed token unlocks and as a return we've put our feet where our mouths are so to speak and have agreed to burn 70 and 75% of the team tokens and the project tokens respectively, resulting in a 29.5 million token burn, roughly 25% of total supply.

We are also rapidly expanding the energy use case, adding more than 100 households per day. Due to the average revenue of about 1000 euro per household this means over 100,000 euros in yearly revenue that are added to our project use case every day.

Every household also makes one transaction per day over the lition network, which requires 1 cent in fees. So when we reach a projected 50000 households somewhere later this year, 500 USD in fees will be payed daily on our network to our staking community.
This is only one usecase in one country.
We foresee several usecases and have already been in talks to expand to other markets than Germany. But even in Germany there are over 40 million households so we definitely hope to in the long run grow to a significant player and capture 10% of this market.
This alone would lead to 4 million daily transactions but clearly by this time we will have other markets established and other usecases, leading to 10's of millions of transaction over the Lition network every day.
At 1 USC cent per tx the fees payed on this network would number in the hundreds of thousands of dollars per day.
So when we talk about the potential of having 100 million USD in fees per year we definitely expect to be valued at several billion USD.

Richard out.