/biz/ - Business & Finance

>>21123562
Firstly you haven't even bothered to read the whitepaper (https://www.lition.io/docs/Lition_Whitepaper.pdf).). Secondly, GDPR compliance isn't "a use case". It unlocks literally thousands of use cases by allowing many non blockchain European companies to take advantage of blockchain technology. Thirdly you say that as if GDPR compliance is more of a gimmick as opposed to something truly groundbreaking.

And somehow you know about Lition but you don't know about the energy business.

>>21124164
This guy fucks.
GDPR isn't usecase, it's a feature. Well the deletable sidechains that make it GDPR compliant is.

The main usecase is a decentralized energy market, which it's sister company Lition Energie is executing. Lition Energie has about 10,000 german households already and is by now probably rising with 2000 a month. For this usecase they are already collaborating with Sparwelt.de (which made a tv ad) and N26, one of the largest internet banks in Europe.

But Lition is much more than that. Many usecases are thought out that could run on Lition, the next is syndicated loan dApps. For this they've already made a demo with Volksbank Raffeizen. This application will allow multiple banks to finance the same loan for example an appartment complex.

Next one up is one where they work with lawpilots to make their e-learning certificates certifyable on the blockchain. I think this dapp alone is similar to the entire usecase of VIDT which is crypto that is almost 10 times as expensive.

Then there are many more mentioned in the whitepaper but in the future it is expected that the community will start launching these apps instead of the team. Just like the token projects do on Ethereum. It's important to distinguish Lition the project from Lition the energy usecase because the project is like Ethereum while the energy usecase is like CryptoKitties.

You have no idea what you just stumbled upon.

>>21124164
>>21124657
thanks gentlemen. im going to read through the whitepaper. im just a little puzzled as to how its so low market cap.

>>21124657
>Lition Energie has about 10,000 german households already and is by now probably rising with 2000 a month.
I think they have closer to 50000. Remember, they're ahead of their target to reach 235000 customers by the end of 2022. And in the February AMA they said they were averaging approximately 100 customers per day. Later on I believe they've said that every month they have a 25% increase of new customers, but I'm not sure where they said.

>>21124164
>>21124657
You both get a round of applause.

>>21124854
>im just a little puzzled as to how its so low market cap.
You are on your way, grasshopper.

>>21124854
The reason why it's got such a low market cap is because lost year they had an issue with consensus. They've fixed the issue months ago and have just been doing a whole load of tests. They will launch the fix in Q3.

>>21124164
>>21124657
So gentlemen i've been reading the whitepaper and im impressed.

But what gives the lition token inherent value? does it need to be used by prospective customers?

>>21124854
This >>21124973 is indeed the reason. Big mainnet launch snafu.

>>21124919
They said in April they had solid 4 figure growth and 25% a month growth. I presume solid indicates 2 or 3 months of over 1000 customers growth.
Month 1: 1100 growth from 4400 to 5500
Month 2: 1375 growth from 5500 to 6875
Month 3: 1720 growth from 6875 to 8600

After that I'd assume only 20% growth

Month 4: 1720 growth from 8600 to 10320
Month 5: 2064 growth from 10320 to 12384
Month 6: 2450 growth from 12384 to 14834

Worst case scenario, April was month 2 and we're now in month 6 with about 13k households. Their growth targets to get to 235k by end of 2022 are probably exponential and they are hitting them by a wide margin so far. It's a bit puzzling how Richard high.iq can extrapolate with that much certainty from 7k to 235k but hey we dont call him Richard high.iq for nothing.

>>21125191
>does it need to be used by prospective customers?
Yes it needs to be used. The more transactions in the sidechain, the more rewards for the stakers. All of the stakers revenue is based on the number of transactions in the sidechain (as well as a couple of other factors). See https://www.litionstaking.com/.. The staking rewards are static ie. They are the same dollar value no matter what the price of the token is. This means the higher the transactions, the higher rewards and the more people will buy the token in order to take advantage of the rewards. Of course companies (like SAP) will also need a lot of tokens in order to use it on their own sidechain. For the energy sidechain, it's the energy customers who are bringing their money into the ecosystem.

>>21125498
If in February they had been getting 100 customers per day this makes it approximately 3000 customers not 1000. They had also been steadily accumulating customers all throughout 2019.

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

>>21125191
Every household needs to make a token transaction once a day. (larger companies can opt to send a transaction once every 15 minutes if the dynamic pricing makes it more beneficial to them). For the banking usecase every loan needs to make several payments over the network to many lenders.
The fee of these transactions is returned to token stakers. The fee is limited to 0.01 USD but I'm a bit fuzzy to how this is done.

When they get to their modest target of 250k households by end of 2022 we're talking about 2500 USD of daily staking rewards. And thats from the Energy usecase only and assuming no customer has dynamic pricing (which is 100 txs a day).
With other usecases, slight outperformance of the energy usecase etc it's easy to see 10k of staking rewards being generated on the network every day.
Currently only 28 million tokens are staked. By then maybe 40 million. That would mean 10 cents of staking rewards per token every year.

Now if you really want to talk potential. There are 38 million households in Germany and they will expand into Austria, the Netherlands etc. In green oriented Europe alone they could get to 10 million households and you could see several dollars of yearly staking rewards per token.

The real kicker will be when outside groups start to develop on Lition though. When a whole ecosphere of applications emerges, who knows how many transactions will occur, who knows how high the staking rewards and the price will go.

I think the price can go many multiples higher than the rewards in a bull market. So 100+ USD is not out of the picture.

>>21125723
Maybe they meant per working day which would be closer to 2k. But yeah you're right.

>The staking rewards are static ie. They are the same dollar value no matter what the price of the token is.
I thought there was only an upper limit. Do you know how the mechanism works to keep it static?

>>21125615
Wanted to reply to you >>21126220

So is the token needed ...

If i can pay in other tokens but not LIT...

Why should i hodl LIT

>>21126355
Because LIT isn't a payment token. It's used to transfer data and information. Specifically for the energy use case, it transfers kilowatts per hour.

>>21126144

>several dollars of yearly staking rewards per token

>>21126220
What do you mean by upper limit? Also when I said "static" I meant that it's based on transactions, number of tokens staked etc. and not that it literally stays the same.

>>21126355
Users need it to make transactions and pay the transaction fee.
Energy users, syndicated loan users, lawpilot users.
You need to see Lition as Ethereum.
An Ethereum with a higher possible throughput of transactions and an Ethereum with a GDPR compliant deletable sidechain option. But it's not a competitor to Ethereum it's a second layer, a feature of Ethereum.

>>21126355
>>21126461

>>21126144
Wish I had just replied in one big post.

>Currently only 28 million tokens are staked. By then maybe 40 million.
Unlikely. Other sidechains (which there will eventually be dozens of) will compete for staked tokens. This will reduce the number of tokens staked in the energy sidechain.

>The real kicker will be when outside groups start to develop on Lition though.
Exactly.

>>21126516
Ah I read 'transaction fees' instead of 'staking rewards'. With upper limit I mean the tx fees are limited to 0.01 USD, but I'm not sure there isn't a guarantee they cant be lower than that.

>>21126551
Yeah... This isn't the purpose of the Lition token. It's just a secondary use case. It isn't the reason why the token was made.

>>21126535
>You need to see Lition as Ethereum.
An Ethereum with a higher possible throughput

This. Some big holder here called that retarded, but that's how we get to $100b.

>>21123562
This is a scam and the team will dump on you until $750K cap again. Buy Verasity and stake.

>>21126780
Hi mikefrompakistan

>>21126578
>The real kicker will be when outside groups start to develop on Lition though.
>Exactly.

Yes. The energy usecase is to Lition what the DAO was supposed to be to Ethereum. Not only is the energy usecase already a way better application, by the time Ether hit 100 billion the most tangible dApp running was Cryptokitties. I understand 99% of the valuation was a projection of what could be done with Ethereum but still...

Stop shilling shition its getting embarrassing

>>21127049
Both BAND and LITION are better investments than linkies.

>>21127049
It's afraid

>>21124657
Yea, except V-IDT is not just an expensive alternative, it's a revolution in tracing on the blockchain, something lition ( A god mode token,,,) just isn't focusing as hard on.

Just got a bunch of EWT the other day, any exciting connections between these two?

>>21127417
So you are also in VIDT I presume?
Haven't looked into it as much but it blew up already. Sad.

They have real customers which already makes it better than 99.99% of crypto projects.
I just dont understand why it's soo low in market cap, when the normies learn about it it's going to mars

>>21127729
They know all about it they just don't want to be a part of a racist dump coin

>>21127763
don't see much talk about it outside of biz

>>21127763
There is 0 result when you search for lition on the ethereum subreddit u_u
https://www.reddit.com/r/ethereum/search?q=lition

>>21127763
>>21127785
>>21127843
Yet if you search warosubiz you find 4615 mentions of 'Lition' over the past 18 months.

OK then faggots. They only way /biz/ will get behind this is if it pumps FAST as they have no attention span. So how quickly will this x10 from its current price?

>>21127497
Yea, I have been in Vidt and lition since their first major drops and 4chan endless scam post phases. vidt i see less potential in compared with LIT however!

Both are cool projects that I'll stay in for a bit longer :)

>>21128432
Hoping for 50m mcap on both

>>21127049
Imagine holding a billion dollar cap coin. Thanks for playing, retard

>>21128649
Imagine shilling a coin so shit not even pajeets are interested

>>21128649
>>21128776
why the fuck are you fighting?
chainlink and lition go hand in hand retards

>>21124657
Screencaped, this post made me so fucking hard

What the best place to get LIT?
Uniswap has such low volume

>>21128796
This.
No need for tribalism here.
Although LIT obviously has a lot more upside potential at this point but you don't have to be a genius to see that.

Any date for the mainnet please ? We are already Q3 and there is nothing

>>21128875

I use Idex

>>21128931
They are actually kinda working with each other in the EMINENT taskforce lol

>>21128776
Imagine being so fragile and insecure that you only can buy a coin that others rode up and shilled to you instead of riding one up yourself. Ngmi

>>21129006
Q3 is a three months span, retard. It does not mean "at the beginning of Q3".

>>21128007
>>21128415
I've been analyzing the posting rate of 'Lition' on /biz/ at >>/biz/?ghost=yes&task=search&search_text=Lition&offset=4500

Apparently peak posting happened in April last year with 100 mentions a day. This was around IPO time.
Then it hit a lull in posting as the price slumped and it took 66 days to get another 500 mentions.
A second but lower peak happened shortly thereafter with almost 60 mentions a day. This was when the double top in ETH was set.
The price slumped again and posting activity disappeared again. It took 58 days to get to 500 mentions. But as the bear market continued for longer it took another 101 days to get to the next 500 mentions and then another 133 days to get to another 500 after that.
The recent peak to 0.0055 ETH also saw activity increase on /biz/ but not as much as back then, price didnt reach as high either. It took 13 days to amass 500 mentions (40 mentions a day).
The current bear market/bottoming shows itself again in /biz/ activity with taking 46 and 47 days to add another 500 mentions to /biz/
Notably this is significantly higher than the previous bear market and saw the reemergence of /LITGEN/s or /lg/s for the first time during a bear market.

For reference. 'link' gets mentioned 1500 times per day on average (past 10 days) with at its current peak hitting over 100 posts an hour.
So disregarding the ICO, 'link' is about 40 times as popular than 'lition' if they both make a new high. But 'link' is probably more the default to refer to the project than 'lition'. 'lit' might be but this is sometimes used as a word or to refer to the board /lit/. Now I analysed how often this happens and from that I deduced that 'lit' in reference to the project has been used about 8000 times. So almost twice as often as 'lition'.

Thank you for reading about my autism.

>>21129087
August is not the beginning of Q3, low iq

>>21129159
So if you would need to sell the token to a investor, what would be your arguments? I see an issue in adoption, why should anyone develop on lit?
They scared aways potential investors with their issues regarding their tech.

>>21129224
>why should anyone develop on lit?
Have you not read the thread. It's the only GDPR compliant blockchain and it's significantly more scalable than a lot of other projects.
>They scared aways potential investors with their issues regarding their tech.
No they haven't. All that has happened is that there have been delays.

>>21129224
>haha they fucked their first mainnet and took a year to fix it completley? Absolutley bearish

This is your brain on Link and generally top100 shitcoins

>>21127263
absolutely based

>>21129202
We're not even halfway in Q3 moron, calm down, they will deliver. You should use the time that is given to you to accumulate instead of whining.

>>21129224
>So if you would need to sell the token to a investor, what would be your arguments?
They already have an operational use-case where 10-50k german households are buying electricity with on a daily basis right now. This usecase alone with modest growth in the future would justify a multiple of today's price.
The token stands at 12 cents. Full dilluted supply will be 100 million.
Even if this is the only usecase and they only reach 250k households (which need 1 txs/day) and no businesses which would use dynamic transactions (96 txs/day) the chain would see 250k txs/day. If they indeed manage to keep fees at 0.01 usd that would yield stakers 2500 USD/day.
This would at current prices and at half the tokens staked yield a 15% return forever.
I like to see this as a type of dividend that a company pays.
No company provides this yield. Only the top 1% pays half that. https://www.youngresearch.com/researchandanalysis/dividend-investing/the-highest-yielding-sp-500-stocks/
Thus based on the assumption of Lition Energie app eventually getting that 250k households you should assign it at least a valuation that is 2-5 times that of today.

Then comes the upside. They can get for every 100 households, 1 business with dynamic pricing (96 txs/day). This doubles the valuation to a 4-10x
On the 38 million german household market they could get 1 to 2 million households without any stretch of the imagination. This quadruples or octuples the valuation to a 16-80x.
They can expand into other European territories. This doubles the valuation to 32-160x.
They can expand into other non-European countries (I think there was talk of Malaysia). This doubles the valuation to a 64-320x.
There will be other Lition developed usecases. This increases the valuation between 50% or 500% to a 96-1600x.
There can be significant development activity to make use of the GDPR compliant blockchain feature. 200-6400x.

And then you have the overvaluation of a hot project during crypto mania.

>>21129748

And that's just the energy use case. Wait till we partner with the (((banks)))

The only reason why the price is still so low is because some of their seed investors were literal boomers who got their tokens for half the ICO price. No wonder it always dumped immediately after reaching 10 cents (ICO price). Boomers already get ecstatic after a 50% gain, let alone a 100% one.
We can basically thank the boomers for all those cheap litties.

>>21127729
It hasn't been shilled on CT
They haven't done crypto advertising yet
Reddit has no idea
No one knows what it is
People fell for the main net fud, which was actually extremely bullish of you have some level of intelligence. This is a real project, a real business that is already succeeding. This is the future of energy markets. Decentralised energy selling to each other.

>>21130385
Please don't shill it on reddit, fuck those Burn Loot Murder lovers

>>21130549
Wouldn't reddit have found lit for themselves by now if it was worth anything ??

litbros, wtf was that?? Are we departing for good?

>>21130549
I will to those idiots at $100 and not a moment before.

>>21130701
yeah like they found link?
No. they don't find anything. because individual thought doesn't exist on r/crypto

Uhhhh guys we are moving

>>21130717
>>21130840
Congratulations, shilling a shitcoin on /biz/ works again

>>21130717
>>21130840
I just bought 100k. Sorry bros this is not the true departure

>>21130962
Nice larp

>>21130995
stay mad nolitter. Go flick ur clitty

>>21130962
Based nonetheless, you are going to make it.

I like projects that can be easily dismissed with simple questions
Why should a shitcoin be necessary for an energy exchange? *crickets*
It might pump anyway because crypto lol but it’s definitely a shitcoin

>>21129159
very based anon thank you for your analysis

>>21131626
Based

>>21131626
>Why should a shitcoin be necessary for an energy exchange?
So you can do peer to peer blockhain secured energy trading and do so dynamically every 15 minutes to take advantage of price fluctuations in the energy markets?

>>21131649
It was maximum autism

>>21131510
Nice gif

SOMEONE BAKE A /lg/ or LITGEN NOW ITS HAPPENING

Lit confiemed to be the whitest coin. The ethnostate coin.

HAIL LOHWASSER, HAIL VICTORY

>>21132165

>>21132367
We are all going to make it.

>>21123562
OBLIGATORY POST
DAILY REMINDER:
[X] Mainnet Go-Live soon (Q3 2020),
[X] GDPR-compliant
[X] Energy Use Case backed by their own company, having a working business model with millions of revenue
[X] Developing Business Side in parallel with Blockchain Side
[X] Top business angels and advisors on board
[X] SAP partnership
[X] joined EEA EMINENT Task Force
[X] Huge, legit Staking Revenues since several months
[X] Listed on Uniswap, IDEX (and some shit exchanges) which means you're still early
[X] ranked as the #1 green energy startup in Germany
[X] attracts high-effort FUD in an attempt to keep it down
[X] cup and handle price pattern
[X] accumulation signs, whales were accumulating the past few months
[X] we're entering the next lit bull cycle, history always repeat itself

my golden rule is:
[X] BUY THE RUMOR SELL THE NEWS
[X] BUY THE RUMOR SELL THE NEWS
[X] BUY THE RUMOR SELL THE NEWS
mainnet release will make the price skyrocket like elrond or more
you have only few days before the price goes parabolic (already started), buy now or you will commit no breathing when you realize you missed a life time opportunity to make it

also
>tfw you tried to help anons selling the May top and buy the July bottom but no one listened
doesn't matter, we all gonna make it because this shit is gonna moon the hardest, mark my word, mike never lie

>>21133126
Mike, how much to make it in your opinion?

>>21133173
depend where you live but i think 50k is enough to make it if you hold long term (years not months or days) and don't be like this dude who sold because he made 50% of profits instead of waiting another month and get 500% profit from your initial investment
>https://deltabalances.github.io/recent.html#0x8fb5eeb38422e027f7052bbe077c7e7d636e9e4c

what should I be using to buy crypto?

>>21126355
The lition token is used as an incentive in staking rewards to secure the network, so imagine that company X that is using a node, and pays the lition team in euros.The lition team will then market buy lition with that money to then distribute the tokens as rewards to the staking pools, so you're not only getting money from the staking rewards, but the price of the coin will also go up because the team will be market buying it to distribute it.

Someone tell me please, what are the returns on staking?

>>21133654
Is it the only thing that makes LIT valuable?

>>21134551
Lition is an infrastructure layer similar to ethereum.
Ethereum doesnt even have staking yet yet is worth 50 billion.

>>21134315
i got ten percent in a little over 100 days.
But its a bit lower now but stable. That is if you lock for a year

>>21133372
fake mike, he doesnt even talk shit about lition

>>21134890
Does the lition token need to be spent to use this infrastructure? Is that what gives this value

>>21134551
It doesn't need more, this can just scale and create real demand for the token

>>21135000
The Lition token has 3 uses:

1 - Companies need to pay a lition fee to spawn private sidechains.

2 - Lition is used to pay for gas in their network, similar to ethereum.

3 - Lition tokens are used to secure the network by staking them.

>>21135443
fees are not a fucking use case they are the opposite

>>21135465
Not in this case, since the lition blockchain is a product for enterprises, they are the ones that are going to pay fees to use private chains, and making thousands to milions of transactions per day, which will bring demand for the token, the average investor and speculator in this thread won't be using the private sidechains, but only using lition to stake , so you maybe make one transaction a month? The fees I'm talking about are going to be paid by big companies using the blockchain

>>21135000
Well its still a payment system so yeah the idea is that you make payments with it yes.
The main feature is that it has deletable sidechains so that companies can use it for secure microtransactions whilst still being compliant with GDPR law.
Secondary is high throughput of transactions, much larger than ethereum.

>>21135465
Private sidechains are.

>>21134315
30% APY

>>21131510
bullish

>>21135637
So the utility here is a private chain. Why should that involve a token?

>>21136564
Because you still need to verify the private chains with public transactions secured on a decentralized blockchain?
Just a guess.

>>21137463
when AMA?

I'm break even on ETH/LIT again
Thank you saint Lohwasser

>>21129159
Neat. I'm considering making a webcrawler which grabs metadata about posts here, searches for key terms like "buy this now", replies to threads that say something like "give me a 10x" or "shill me this coin" and creating a shitcoin score for each coin that get shilled on here. The rate of shill posts/total posts about the coin will create the shitcoin score. Any interest in this?

>>21137870
I own coinshill.com, I had similar ideas + a voting system. If you want to work together let me know

>>21132165
just bought 1 billion

>>21138057
Cool. I'm pretty busy with other shit but I'll keep it going as a side project and I'll let you know through the message function on your website when I have something that works.