/biz/ - Business & Finance

>>18989284
Thread theme:
https://www.youtube.com/watch?v=U95Ed4dmZn4

>>18989284
Reporting in, collected 8k staking rewards (adjusting for 2021 price)

>>18989284
I'm expecting we'll hear about the unexplained transactions and get already obvious confirmation that the team is not "dumping" on us.

>>18989367
aren't the wallets receiving the injections of LIT making a bunch of taker sell orders all day?

>>18989367
thinking the whales didn't call up the real satoshi(not craig) to crash btc. nope anons this was purely a whale dump and pump before the halvening

That's a good point. The market caused Lition's price to fall.

>>18989293
per day?

>>18989810
Yeah, 800 LIT per day which at 10$ per is 8k

I got so scammed
Thanks biz you win again

>>18989284
And not that it really matters anymore buy thanks for following the preferred naming standards

>>18989884
How much are you holding that you get 800 day? when did. you buy in?

>>18989959
Not the same person lol.

>>18990005
Probably holding about 500k.

>mfw I bought the dip

Damn thought I bought the bottom last night, now waking up to see the team still keeps on dumping on the market. Where is this heading? Back to 4 cents maybe?

>>18990029
If it goes back to 4 cents then I'm buying.

>>18990044
Also I know I fucked this one up. Just view it as Pepe's eyes glistening due to his life now being worth living thanks to Lition.

>>18990022

fixed his eyes

>>18990015
baller! what do you know that we don’t?

>>18990005
Im holding 350k, bought in ICO so I'm still in the hole BUT no one ever gets the absolute bottom of a great investment, if you can't let go of that desire you will never make it.

>>18990175
upping my stack, hope to get to around 350k as well! staking a bit and then selling the gains maybe.. i think 2020-2021 will be a good year for lit! hope the marketing campaign kicks off nicely for them!

>>18989388
>no responses
whaddya know

>>18990006

>>18990029
Probably, weird time to exitscam tho

>>18990175
>>18990204
Look at these 350k stacklets.

DAILY REMAINDER: SHITTION IS SCAM COIN, THE TEAM ARE DUMPING THEIR TOKENS FROM THIS ADDRESS EVERYDAY IN IDEX
>https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2?a=0x014f808b7d4b6f58be5fef88002d5028cd0ed14b

>https://imgur.com/a/rWVGexU

for archiving purpose and easy access i will post my old findings so everyone know the truths about the nazi scammer Richard and his team
>>18897550
>>18897611
>>18900922
>>18901472
>>18901612
>>18919921
>>18920783
>>18924650
>>18926842
>>18927888
>>18929368
>>18936794
>>18937734
>>18945086
>>18945977
>>18946317
>>18947001
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>>18947251
>>18963583
>>18965377
>>18966392
>>18971261
>>18971475
>>18971560
>>18972298
>>18972598
>>18974860
>>18976847
>>18976885
>>18981268

AND THEY DID IT AGAIN, AS SOON AS THEY WOKEUP THEY SOLD THE REST OF THE TOKENS HAHAHAHAHAHAHAHA SCAM SHITTION, STILL RADIO SILENT FROM THE TEAM
> https://deltabalances.github.io/recent.html#0xa9fe7674f35a789894c12347b24fe45197ac4748
now waiting for them to send more

>>18989284
Lition is a SCAM DESU, just sell the gains and move into ARPA before the MPC bubble. Imagine thinking people will pay their energy bill with a volatile shitcoin. KEK. https://twitter.com/VitalikButerin/status/1248704356758753281

>>18990463

>>18989284

>>18990175
Good advice.

>>18990414
Because no one knows and are waiting for a response from the team.

>>18990440
Nice I didn't even see that lol.

>>18990463
>>18990477
You literally aren't even trying to hide that the fact that you use VPNs. This is actually pathetic.

>>18990672
>no one knows
very not comfy but i'm staked so i guess it's not worth worrying

>>18990689
I'd be uncomfy when it clearly looked as if they were selling tokens that were not supposed to be unlocked.

>>18990463
>>18990477

>09:14:41
>09:15:56

G-guys have we found the bottom?

>>18990766
i hope so.

>>18990766
>>18990857
Wait for after halvening, we'll see $0.05 again and then it's time to buy.

They injected 300k more lit into the eth chain from the "token bridge" wallet than there were transfered on the binance chain just today. And not every transfer in the binance chain is a transfer to a token bridge. They keep dumping lol

>>18990463
>https://deltabalances.github.io/index.html#0xa9fe7674f35a789894c12347b24fe45197ac4748
this wallet alone hold 353ether from dumping lit tokens in the span of 2 weeks alone ,there is 10 other wallets which you can find in my other posts

oh look the price is rising again as soon as they run out of shittion to sell , are we bullish now or will the team send another 187,000 batch ????? we will find out soon enough, i will make sure to post if i detect any other illegal activity from the team wallet, your fren's mike is here to help you go to the moon
and we're still waiting for the team response

I think the problem is is that Lition has a lot of new investors coming in from 4chan. They don't know much about the project and just invested because it's being shilled. Lition investors who have been around for a while think it's so incredibly obvious that Lition isn't a scam.

>>18990689
It's not comfy if you only know about Lition because of /biz/

>>18990874
I highly doubt that if they were scamming people they would just keep selling Lit at a steady pace even when the community is freaking out.

>>18990874
>>18990923
Does this look like the instagram of a cold and notorious scam artist?

>>18990874
another smart anon with us, we're getting bigger and stronger ,thank you for taking the time to DYOR and make that awesome pic , you did it better than me
WE'RE IN THIS TOGETHER AND WE SHALL NOT LET THEM DUMP ON US LIKE THEY DID IN THE PAST


WE'ARE BULLISH NOW, NO MORE FUD I REPEAT NO MORE FUD
(until further notice like if the team do something sketchy)

>>18990874

Was Sergey scamming us when he sold all these 700K Linkies? No.

Honestly, looking at Lition, I highly doubt they'd do that. There must be an explanation for these transactions.

I read in the last thread that someone adressed it on their Telegram, have they said anything yet?

I mean Lition is backed by a serious company that works, they have clients and shit, how would they scam people like that? It makes no sense to me. So allow me to want to wait until they say something about it

>>18990977
If it turns out that Lition have been selling tokens then I honestly won't care. If it means that it will have the money to further their long term goals then I'm completely on board.

>>18991165
I will care becauae they have lies numerous times to us and think that we the investors are too dumb to check a blockchain. They should have been honest from the start. I will sell my stakes as soon as they are free if they lied to us.

>>18990977
1-sirgay had all the right to sell his tokens whenever he want
2-sirgay didn't say his tokens are locked
3-sirgay sold at the top and stopped after its started crashing
4-sirgay didn't incentivise the community to stake and making them unable to sell then dumped his tokens on them

in the other hand:
1-Richtard don't have the right to sell his tokens because he said they are locked
2-Richtard said he locked his tokens until april 2021
3-Richtard sold his tokens on the way to the top and on the way to the bottom
4-Richtard incentivise the community to stake and making them unable to sell then dumped his tokens on them

Richtard team always blamed whales for price dump but now we have tangible proves they are the ones selling:
1-they created and sent the tokens to 11 new wallets
2-the first wallets are transferring some ethers to the new wallets for tx fee
3-there is no activity in the last 90days from binance chain that match any of the 5 millions token sold in the past month which means the team lied about the BEP2 bridge or someone is double spending which is worse than the team selling because the token will be worthless overnight if its true
4-all wallets have the same selling patterns and behavior:
-sending approximately 187,000lit from dev address to one of those wallets each morning
-market selling 1/3 as soon as the token arrive, putting 1/3 as an order sell, and the rest will be sold the next day before sending another lit batch
-NO ADDRESS CASHED OUT THE ETHERS TO THIS DAY, 1500ether are still sitting there
5-they still didn't explain or address this allegations which make it more and more fishy

it also doesn't make sense to me especially that they didn't withdraw any ether from there, what is going on

you guys need to thank me for wasting all this time and force them to stop dumping the price further, but bizlits will never see it as i was trying to help them , they see it as i was fudding to buy at a lower price
now we wait

>>18991204
Thanks. Literally bought the dip.

>>18991194
>I will sell my stakes as soon as they are free if they lied to us.
Which is why you'll never make it.
Anyway, it's a good thing that this has been blown way out of proportion. They are not dumping on us, nor are they lying to us. This FUD will delegitimize any future FUD.

>>18991204
Richard also hasn't sold anything so calm down.

>>18991258
They literally lied to us because the majority of those funds cant come from the token bridge. The binance blockchain shows that. Also im still way up, as long as this does not drop to 0.00025 i made a fortune. At current prices i have ~100 eth profit. I also have 13 different stakes atm, they will end between this month and april 2021. So i will still profit if the price rises in the long term

>>18991355
>1 by this VPN
>"I-I have 13 gorillion stacks myself, fellow goy. T-Trust me. Just sell. Im just like you haha"

Okay retard.

>>18991379
>what is dynamic ip
Yeah i will show you my stakes when i'm back at my place

Staking rewards arrived!

>>18991379
Suck my dick you shithead

>>18990463
Richard is a nazi?
brb gonna buy 100k more.

>>18991529
Based

>>18991549
>Litzkrieg

>>18991549
>>18991568

Ok, that's official now.

They should have been honest and tell the truth from the beginning, that they are (maybe) selling tokens regularly to fund the expansion of the company. Almost every crypto startup does this, look at Chainlink or also Quant.
I hope it won't end in a drama if it turns out that they are indeed selling certain batches from time to time.

Maybe they just need liquidity for the upcoming refugee/biogas use case.

>>18991767
this is getting better and better.
>Lit the nazis first choice!

Im shopping for my 2022 lition Porsche tycan in Lition Green over here... I think you all need to stop trading talk and think longer term, youve all been gifted the chance of a life time here dont waste it ...Lition is only known by biz really

The next few months are going to be bloody for all markets especially crypto use that time wisely

All my LIT is staked for 12 months but I still come to these threads...and for what reason? So I can look at the schizo FUD poster (who honestly does bring up some fair points)?

Not like I could do anything about it anymore while I'm staked.

To be honest this is so fucking promising to me as I feel it's one of the first coins with a real tangible use and a good team behind it, set for takeoff in a market just asking for it.

I think I will just stay away from these threads for a year, lol.

>>18992468
Well do you have 100% LIT in your portfolio?
No?
Then you still havent made your full transformation.

>>18992620
Actually I did until I got some ESH a few days ago. Kinda pissed I went so hard into LIT earlier, otherwise I could have gotten more ESH, but oh well.

>>18992681
oh well, what's done is done.
I already got 2% return on my stake after 2 weeks and we're up 20% since then. So thats 22.4% for me.

>>18991355
>They literally lied to us because the majority of those funds cant come from the token bridge. The binance blockchain shows that.
This

>>18992981
sounds comfy anon. nice.

>>18991549
hello fellow meme maker, I approve of this meme

>>18989284
/lg/ founder here, thank you for baking a high IQ /lg/ thread. /LITGEN/ kikes are not allowed on sundays

>>18989284
More like Shition

>>18991791
>>18991767
Ein volk, Ein Reich, Ein Lition!

>>18993351
Thank you for your kind words.
I also made this meme.
Do you like it as well?

Just dropped enough to get you 5k for 2ETH.

>>18993627
this, those who fall for the stupid FUDers and dont do any own reseach will never make it.

LITarmy ist stark!

>>18990463
Mark on Telegram:
Regarding the transactions in question yesterday, the team has informed me that these were ecosystem tokens being sold to cover a part of our operating expenses:

These were ecosystem tokens being sold to cover a part of our operating expenses - as originally intended. The token bridge was used for this in an effort to mitigate FUD around those transactions as they could've been easily misinterpreted without context.

Lition has been active on many fronts since its inception and in order to keep the company sustainable, available resources are being used, as were always intended, in order to grow our technology and blockchain business further. Just recently, that growth has included the Salesforce integration as well as becoming a member of the EMINENT task force together with Chainlink and Unibright. These resources allow for Lition to keep pushing forward and more of such exciting developments can be expected soon.


Had you really believed that they're running their business on love, air and light?

>>18994215
>inb4 HAHAHAHA that's the worst excuse ever from nazi Richard sperg sperg sperg gargles on cocks HAHAHA

>>18994333
go and get a therapy you're more than just neurotic.

>>18994215
So we were right they fucked us and admitted it once we noticed

>>18994360
I-I was just inb4ing as the retard

>>18994372
seems that you've nerver run a business. you'll get really fucked hard by a business that youre invested in if they DONT pay their bills and they get bancrupt incl. all your money.

>>18994215
Embarrassing. They really treat their userbase as shit-tier Pajeets.

>>18994396
kk. LIT stronk. :D

>>18994396
its okay fren

>>18994372


They only fucked you retard

>>18994215
So the fud was true. This is not a win for litioN
Most investors will not mind the team selling tokens. But doing it this way, basically secretly sneaking those sells into the token bridge, does not look good.

>>18994411
Based retard, the problem here is they thought nobody would notice. On a public blockchain.

They openly tried to fool us.

>>18994453
>>18994411
well did they ever say beforehand that they might do this or was it lightning from a clear sky?

>>18994442
They fucked anyone holding lit.
Wtf is with the telegram fags BTW. Thousands in there and 2 or 3 people give a fuck. Are the rest just stupid, or in on it from the start?

>>18994215
Fuck you, team

>>18994481
it came out of nowhere
>>18994553
>Are the rest just stupid, or in on it from the start?
some of them are not stupid or in it, just biased by desperately hoping for this to be the best project in the world and make them rich

>>18994446
Fuck, let the dump commence

I actually mentioned this earlier. Sometimes companies have to do selloffs to cover operating costs. Could have something to do with acquiring an asset necessary for the launch of manner 2.0. Wish the team was more responsive, but didn't they tell us what it was once asked? I'm not even mad because while I'm in the red, I'm here for the long-term gains, and Lition is still shaping up to be incredibly successful.

>>18994669
Mainnet 2.0*

>>18992468
Have fun with frens here! Ignore fudders!

With how shitty the economy is right now, I cant really blame them for wanting some liquidity and frankly I prefer projects where the team's bag is light. However they should be a lot more open about this, trying to camouflage it is shady as fuck and will just spook people.

>how dare the team sell assets to continue running their business

>>18994669

Indeed. They need to pay for coming advertising aswell which is expensive. Idgaf if they 'dumped' it on us, that's how it works. Will only be fucked if they keep doing this in secret from now on.

>>18994750

This.

>>18994750
Everyone agrees that is fine. What isn't fine is the cloak and dagger lying method in which they did it. Their credibility is shot and they're just another scamcoin now as far as I'm concerned. That Insider posting awhile ago was probably a team member trying to pump the price so they could dump into it

>>18994815
>That Insider posting awhile ago was probably a team member trying to pump the price so they could dump into it
This. And it worked

>>18994815

But anon. They said what it was all about when they were asked. I assume it's just a communication problem, doesn't seem like a BIG DEAL to me, honestly.

This reminds me of the retards claiming Link was a scam because Sergey was selling 700K.

Looks like Mark from telegram didnt know about the team selling tokens from the bridge address and thats why he didnt say anything about team selling.

>>18994815
>>18994830
>My pure speculation is most definitely true
Also, was the team cloak and dagger about it? Did Mark not clarify what was going on once asked? If I recall correctly, the last /LITGEN/ was anxious because a telegram mod had to ask the team what was going on. Had he denied it previously? Genuine non-rhetorical questions.

>>18994888
How the story goes:
>team is selling from bridge address
>people ask in tg what are these transactions
>mark says its the bridge address (he doesnt know team is selling)
>people push harder cause it clearly isnt only the conversion
>mark asks team
>team says theyre selling from there to have less FUD
>mark now says in the beginning he didnt have the info of team sellign which is why he didnt say anything about it

>>18994888
>Also, was the team cloak and dagger about it? Did Mark not clarify what was going on once asked? If I recall correctly, the last /LITGEN/ was anxious because a telegram mod had to ask the team what was going on. Had he denied it previously? Genuine non-rhetorical questions.
Mark is a good guy, he does what he can. He was fed a lie before, but after he was pushed with the screenshot highlighting the missed LIT he went straight to the core team and got an answer.

>>18994669
Well at least we now know that most of the ecosystem tokens from unlock 1 and 4 (they burned 2 and 3) are gone and into private hands.

>>18994952
Mark is our savior :)

>>18994983
>Well at least we now know that most of the ecosystem tokens from unlock 1 and 4 (they burned 2 and 3) are gone and into private hands.
I hope people are aware that the HUGE returns for LPS were based on the genesys phase, which can only go on with tokens from the ecosystem pool

For the dumbfuck who claimed the extra transactions were distribution of tokens to the stakers, you can stop pretending to be retarded.

>>18995089
Its a worthless coin. Btc could be $1m and this would still go down.

ANNOUNCEMENT!!

>FUD IS OVER AND BACK TO PUMPING
>10€ EOY

From the telegram group we also discovered today that the reason for the network crash and restart of a few days ago was a problem with external validators, people running trust nodes. Patricio was contacted but couldn't help. The consensus issue was supposed to be fixed on Q1

>>18995807
>Lit
*Q3

>>18995807
i didnt see any of this, when was this said?

>>18989284

CONFIRMED THAT THE TEAM ARE EXIT SCAMMING

LIED ABOUT THE TOKENS GOING TO IDEX BEING FOR THE BRIDGE.

THEN HAD TO DOUBLE BACK AND ADMIT THEY WERE DUMPING.

STAY CLEAR

>>18995909
this is too desperate, you have to write in low caps or people wont think its real

>>18995896
Lition trading group on telegram, it's really on the latest 10 posts. Check the answers from the admin, Mark.
>>18995835
Wrong, the consensus issue had to be fixed on Q1, based on the roadmap. Q3 was to go back to mainnet

>>18995909
They payed for some expense that apparently could not wait, situations like these does occur when you are running a company in rapid expansion.

The money most likely went to something that favors lition investors long term and the project itself. Obviously.

Im still comfy as fuck and I trust Richard sehr viel.

Most of the ecosystem tokens have been burned or secretly sold by the team. This means the genesys phase will be over soon - keep in mind also that the amount of staked LIT got really huge (x10) in the last few weeks.

Without the ecosystem pool we have to rely on transaction fees, but the blockchain is broken and mostly fed by worthless test transactions. This doesn't look great for my 12 month stake, but hey, still better than nothing

>>18995984
Richard seems very optimistic in recent communications. Wouldn't be surprised if they are soon to announce a leap forward in terms of debugging. I can't see how they'd be confident in handling the increased traffic from TV ads without a system that functions well.

This retard really believed in the SAP insider LARP. Sad.

Based retard

>>18995896
>i didnt see any of this, when was this said?

>>18995807
If you are paying attention at all. They're literally ahead of schedule and expect to launch mainnet 2.0 earlier than expected.

>>18996131
Why not say this in the chat?

>>18997390
>ahead of schedule
Based retard, Q1 is over, they are very late. In the last AMA Richard claimed they are almost there, but the sidechain crashed again a few days ago.

>>18997444
Yeah I'm fully aware of that. There was no mention of finishing it in Q1. If they had actually planned to finish it in Q1 then they would have planned to begin mainnet 2.0 in Q2 instead of Q3. They just don't want to repeat the same thing again.
The sidechain crashed because they haven't updated it yet. You have the patience of a toddler. The sidechain crashed because some people tried to run a node when there wasn't enough space.

>>18989388
>>18990022
>>18990044
>>18990477
>>18990766
>>18990866
>>18990977
>>18991222
>>18991355
>>18993433
>>18994333
>>18994433
>>18994411
>>18994755
>>18994888
>>18995166
>>18995944
>>18997444
>>18997422

>>18997723
I don't get it lol.

>>18997723
Based

>>18997723
Many /LITGEN/ threads have been absolutely blessed with gets.

>>18994433

Rightfully so.

>> Be Rudiger
>> Wake up Sunday morning
>> It's 8:00, hits favorite time to hear Mallorca hits
>> turns on "das rote pferd" ob Maximum Vol so His neighbors Horst and Karl-Heinz can enjoy too
>> Dumps LIT only to FUD his own investment so he can buy more at a lower prices
>> It's 10:00 time to Drink beer and fix the Blockchain until 20:00
>> Feierabend. Proceeds to play workplace simulator games until he passes out
>> What a great Sunday

This is not decentralized is it?

>>18998048
kek

>>18998048
Based German.

>>18998099
It is decentralized.

>>18997723
>>18997882
Kek wills that Lition succeed. Early linky vibes

>>18998572
it will succeed... fud that gets cleared proves that lit makes a lot the right way.