/biz/ - Business & Finance

>>21167992
Will LIT be listed on other exchanges after mainnet 2.0 launch?

Good morning

>>21167992
Here's what I'd like to do in this thread.
I'd like to be constructive for a change and crowdsource a nice pasta that can be used whenever an anon asks to shill Lition to her.

So I'm scanning warosu biz for some interesting posts. Here it goes...

>Literally the only reason why Lition is so ridiculously underpriced is because of a lack of functioning mainnet. Now think about this, if Lition was just your run of the mill blockchain project or a scam, they would have patched the consensus issue months ago and called it a day. Despite the fact that Lition fixed the consensus issue months ago (why do you think Richard said they're likely to launch before Q3), they are still going through a massive amount of tests. They desperately want to be certain that once they launch it, it works and it works well. If they didn't have any utility they wouldn't have cared about triple testing consensus, they would have just slapped a temporary solution to capitalise on the hype. The only reason why it's taken so long is because their solution needs to scale to the demand that they know they're going to have. The fact that it has taken so long for a solution is bullish.

>By the way, once mainnet 2.0 launches we're not only going to get significantly higher staking rewards (and in turn a higher price for the token), we will also find out what they're doing with SAP, Microsoft, N26 as well as other major announcements. A significant delay in fixing the consensus issue is what has allowed us to make it. Be grateful and hold on tight.

>>21168360
Kek. Welcome Nigel.

>>21168369
>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.

>>21168369
>Think about this way. If EWT with it's limited energy use case and absolutely zero other use cases can take it to an $80 million market cap on pure speculation. Imagine what a functional energy use case with hundreds of thousands (and eventually millions) of customers will do. Not only will the price rise due to utility, but the speculative market will also follow far higher than EWT has gone. Now combine this with the fact that Lition is the only proper GDPR compliant crypto. It will be used for commercial and enterprise uses all over Europe starting off with SAP. Lition will be able to bridge the gap between blockchain and non-blockchain companies. What do YOU think will happen to the price?

>>21168369
>

>>21168369
Missed, kek. >>21168624

>Fucking JP Morgan Quorum ran into similar issues for the consensus mechanism, meanwhile Lition is working on it with actual researchers to find a solution or work around. 99% of your blockchain projects are just copy pasting or saying they will get shit done. And now comes an actual team that tries to deliver shit and you can't understand it, not owning a LIT bag is the most retarded shit I've ever seen in crypto because if they make it work and you don't own some, you will get left behind and will witness a fucking 3 million marketcap top 700 coin becoming a top 10 multi-Billion coin. If this plays out like this you will live every single day in despair until the day you off yourself, and this my friend, is why we call it a suicide stack.

>>21168369
>Lition is a second layer blockchain on top of ethereum (but can switch to Binance if needed).
It's main novelty is sidechains that are deletable, thereby making Lition useable for companies and applications that want to be compliant with EU GDPR privacy laws. (it's also low fee, high txs throughput)

The team is simultaneously developping usecases for their blockchain as a way to showcase the technology.
The first one is Lition Energie where already about 20k german households purchase energy with peer to peer through lition. A big advantage could be for larger customers who can then dynamically bid and switch from provider every 15 minutes in order to chase the lowest electricity costs.
Other usecases are in banking and hopefully a whole ecosystem will flourish on the lition blockchain.

Team is pretty solid. Low price due to mainnet fuckup which is now tested and awaiting relaunch.

>>21167992
Why are you so based?

>>21168351
No the team have been very explicit and said that they are not adding any new exchanges even after mainnet 2.0. They believe that LIT is already liquid and they enjoy Americans being excluded.

>>21168369
>Look it up and read past the first line. The decentralized energy is simply the real world use case for the blockchain. SAP works with them and banks for DeFi

>Funny thing is the energy test use case blew up so big in Germany that it’s use case alone will make it. $21million loan on standby along with many other things. Lition is a business blockchain solution. Lition energie is the first business showing off the solution so the other fat kids will get the courage to jump in the pool. And then they accidentally made one of the fastest and awarded energy companies in Germany.

Whats the best way to store my little lit's lads? I preferably want to stake them.

>>21168681
Because I have a big fat stack of Lition.

Lmao

>>21168734
If you stake you have no way to get around metamask.
If you don't stake you can store them whichever way you would with ethereum. Meaning you can use a trezor or ledger or paper wallet and later import to your wallet application of choice.

>>21168711
Sources ?

>>21168763
Is about to get dabbed on.

>>21168476
>>21168419
>>21168369
I'm fairly certainly these were me. I thought they were pretty good but no one really responded to them at the time.

>>21168734
>>21168774
You can interact with your ledger on Metamask, that's how I staked my litties.

>>21168763
Gets dabbed on.

>>21168734

https://medium.com/lition-blog/getting-started-with-lition-pool-staking-how-to-deposit-733ff18cb8f3

>>21168836
Ah well, enjoy your day in the sun, fren.

>>21168786
Sarcasm. Of course they will eventually add exchanges after mainnet.

>>21168774
Can't you connect your hardware wallets to MM though?

>>21168846
That's interesting, can you link me?

>>21168880
Well appearantly I'm an idiot.

>>21168900
here's an article about it, it's pretty easy desu

https://metamask.zendesk.com/hc/en-us/articles/360020394612-How-to-connect-a-Trezor-or-Ledger-Hardware-Wallet

>>21168369
>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.

Is that true about the lition fee to spawn sidechains? Is it known how much and what mechanism drives this fee?

>>21168369
>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.

>>21168369
>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.

>>21168369
>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.

>>21168369
>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.

>>21168986
Thx mate.

Well I think that was it. My selection of the most relevant posts of the past two weeks.
If you have sections that you feel are very important in order to convey the essence of lition to newbies let me know.

>>21169048
>>21169088
>>21169156
All great.

>>21168711
>and they enjoy Americans being excluded.
Big if true

We just keep on going up. And there's so much room for growth,

We rich now, we wealthy

>>21168999
Best post ever anon. Lition will melt faces.

0.00042 ETH

I'm so pissed of by the trash shill Lit threads which start to pop. We were so much better when we only had our autistic single daily Litgen. I already miss it.

>>21167992


MMM JAA PVMP MEIN ENERGIEMüNZE VATER LOHWASSER

>>21169614
generals are boring

>>21169614
Shill threads are tactical, made by those who also make the generals

>>21169648
Listen you degenerate, Lit is the white man's coin. The German coin. We're, clean, organized, high IQ. Not dirty Indians shilling and shitting up the board. This general is our ethnostate.

>>21169736
not really

I'm in the german telegram channel and there are only 48 people and includes austrians and swiss

Realised earlier, my stake ended a week ago and I could have sold after this massive pump, but of course I have just restaked instead

>>21169614
Why were we better?

>>21169681
It is, but we need to keep price from going to much hypy. I'd prefer a slow in steady rise over the boom's and busts of the past.

Inform but not shill desperately.
They need our info more than we need their money.

>>21169681
Not a good look either way

>>21169843
>Believes this pump is temporary
ngmi

>>21169819
We meet up at oktoberfest or what was the plan?

mainnet 2.0 when?

>>21169819
All the other germans are in the afghan/arab and african speaking telegram groups, don’t worry

>>21169881
The pajeets are in on it now because we told them. Yes it's a legit project but the quality / social class/ intelligence of its investors has been severely diluted, and they won't stake either. Expect a dump.

>>21169878
How is it not a good look?

>>21169899
I swear we have about 50 people asking this everyday. Q3. Specific date should be announced soon.

>>21169891
full of chinks and boris becker ex wives

>>21170025
bump

is this going to dump or not?

>>21169619
Gif deserves credit
>>21170734
Buy high sell low

>>21170867

Thanks anon, I spent about half an hour making it frame by frame.

>>21171107
whats this?

>>21171107
The ape is back. When the wall is gone we'll see another 50% pump.

>>21171176
there is another 99ETH wall around 49K
I hope someone will do the needful

>>21171107
>>21171176
Ok anons, listen up.

As anon said importantly here >>21169681
>Shill threads are tactical, made by those who also make the generals.
And I replied cautiously here >>21169871
>It is, but we need to keep price from going to much hypy. I'd prefer a slow in steady rise over the boom's and busts of the past.
>Inform but not shill desperately.

This is the time to go out away from our containement board and reach out to other anons. Shill away.

>>21171107
what's his problem?

>>21171358
He hates money

>>21171107
who the fuck does this? Why have there been so many sell walls?

>>21171107
That is the same whale who tried to suppress the price at 0.00032 ETH.

>>21168369
Yes, I did it!
I crammed the essentials down into a sub 2000 character 4chan post.
Behold...

>>21171829
Lition is a high throughput second layer solution on top of Ethereum. The big innovation is deletable sidechains so businesses can use public blockchain tech and remain GDPR (EU law) compliant. Lition bridges the gap between blockchain and non-blockchain companies and it’s speculated that SAP will be their first big user. To showcase the technology, they have a number of usecases.

The energy usecase provides a peer to peer energy market where you can pick the provider you like and switch on a daily basis (1 tx/day) or on a 15 minute basis (96 txs/day) to chase cheap energy. The growth rate needed to get to 250k households late 2022 is being exceeded. In 2 years we can see 500k txs, burning 5000 USD/day in gas (staking revenue). If EWT with it's limited energy use case and zero other use cases can get an $80M mcap on pure speculation, imagine what this can do. There’s also a syndicated loan dApp (DeFi) with Volksbank Raffeizen and a certificates dApp with Lawpilots (data validation). Other dApps outlined in the whitepaper will cause an ecosystem of projects around Lition to emerge.

Token utility stems from the need to pay gas (max 0.01 USD) like ethereum, to secure the network by staking them and from paying fees to open up sidechains.

Lition is very underpriced due to a lack of mainnet. If Lition was just another crypto project or a scam, they would have patched the consensus issue months ago. Instead they fixed it and are running months of tests to be certain that once they launch it, it works instead of slapping a temporary solution to capitalise on the hype. 99% of your blockchain projects are just copy pasting or saying they will get shit done. Lition tries to deliver. Not owning a bag is the most retarded shit I've seen in crypto because if they make it work and you don't own some, you will get left behind and you will live every single day in despair until the day you off yourself, and this my friend, is why we call it a suicide stack.

>>21171855

Very Good

any old rankeesh gang who remember this?
>https://imgur.com/a/rWVGexU


>>>>/biz/thread/S20009237#p20014064
>June 29
>i told all of you to sell before june and buy back in late July or beginning of august, but no one listened
who here listened to based mike? i think no one listened to me
we all gonna make it anyway frens


but that piece of shit dumb whale who put 2ml littion sell wall at 0.00035 in april is now putting a 815k sell wall at 0.00042, the price gonna crash a little bit but no worry it will get eaten soon enough

>>21171967
also
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

>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

>>21167992
I sold 10 days ago after holding for over a year. I am beginning to believe I have genuinely been cursed.

>>21172051
HAHAHAHAHAHA. Thanks for playing!

Hey Mike, I am thinking about getting 25k more. Do you know any more about this project? I read your thread a while ago, how can this project be pumping if it is as you say, a scam? That information you provided really stinks up the whole project.

>>21172076
Laughing at the misfortune of others will only hasten your own fall from grace

>>21172051
dont feel bad anon. you arent the biggest retard ITT. i had 75k at one point. lost possession of my wallet.

>>21172051
>>21172189

>>21172139
Oh snap, Confucius! I am laughing even more now since you are coping and were most likely one of these crying faggots in the TG or /biz/ that cried about Lition being a quick money cashgrab. I have seen A FUCKING LOT of people throughout my 1 and a half year hold of this token which is why I am even jollier about people getting burned like that. Maybe you will find another gem for yourselfes but this train has driven away for you, buddy!

>>21171107
This won't even last 3 hours.

>>21172189
100 million litties on the wall
75000 had a great fall
They couldnt put the 75k litties together again.
99 million 925k litties on the wall.

Sorry bro.

>>21172088
they act like a scam but they are not one, they still didn't spend any of the 1800 ethereum and they are converting some of it to stable coins which is a bullish sign that they are here for the long term and not like the other blatant scams who will just cashout and abandon the project

all the fud i did was to put pressure on the team so they stop market selling and crashing the price for the fifth time (didn't stop them) and to help anons not getting rekt

now they don't have much lition to dump cuz early investors already sold most of their july tokens and the team is apparently not gonna sell ecosystem this time around and that explain the price surge

>>21172189
reduced supply. B U L L I S H

Thank you anon

>>21172465
$1 per LIT within the next weeks would be a reasonable upwards -correction- imo.

>>21167992
Lition is a scam. Buy ARPA and wait for, first, the De-Fi-nomics, then the MPC bubble. Literally a 500x waiting to happen.

>>21173205
Cool story but you are far from being white, Patel. Jump infront of a train in Mumbai or something.