/biz/ - Business & Finance

All of richards comments. Do not listen to the FUD shills pretending he said things he never said.

>>23595930
more from today

lit bag holders made a new thread to avoid the reality that richard just sold lition out and ruined all value for the lit token. check previous threads, all the proof is there. lit token not needed anymore.

>>23595390
>if you have skin in the game why did you sell all the ecosystem tokens you piece of shit scammer
what will you do with the 4500eth you got from dumping millions of shition in 6 months now huh? all expenses are on tomochain so the money you got are now for you to benefit and not for shition like you said in the past YOU PIECE OF SHIT SCAMMER LITTLE MONKEY BRAIN KILL YOURSELF
Mike's FUD. How do we reply to this? Was the ETH obtained from selling the ecosystem tokens (hiding it through the bridge) never used?

Still comfy even despite all the FUD, as long as the existing usecases stay the same, which they did, the staking rewards stay the same also

>>23595957
>LIT Token will keep being used by Tomochain

OBLIGATORY OLD POST FROM APRIL-MAY
DAILY REMINDER: THE TEAM DUMPED MILLIONS OF ECOSYSTEM TOKENS AT LESS THAN ICO PRICE FROM THIS ADDRESS IN IDEX
>https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2?a=0x014f808b7d4b6f58be5fef88002d5028cd0ed14b

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


>>/biz/thread/S18896868#p18897550


enjoy getting dumped on every single day prabeesh gang

>noooooooooooo mike stop fudding my investement
NOT GONNA STOP EXPOSING THIS SCAM AFTER THE TEAM SOLD EVERYTHING BEFORE THEY ANNOUNCE THE AQUISITION, THEY LITERALLY ALSO SCAMMED TOMOCHAIN BY SELLING ALL THEIR REMEAINNG TOKENS AND TAKING THE MONEY
you will see the real dump after the ama and they avoid answering any real questions like :
-why there is a function like "litsentbymistake"?
-why it always addresses with this function are selling in idex and uniswap for the past 2 months?
-if they say it not them selling so who is selling from "litsentbymistake"? they are the only one who can call that function
-how much tokens they still hold of shition after all those dumps?
-why didn't they make the otc deals with early investors like Richtard promised?
-why is only one person controlling all the early investors addresses when the team always refer to them in plurial?
-why all the lies?
-why is Richtard gay?

bring it on you piece of worthless hazardous poop

SHITION IS A CONFIRMED SCAM
RICHTARD SOLD ECOSYSTEM AND COMMUNITY TOKENS
RICHTARD IS BEHIND ALL THE EARLY INVESTORS TOKENS, ALL THEIR ADDRESSES SELL WITH THE SAME PATTERN AND BEHAVIOR
RICHTARD LIED MUTIPLE TIMES:
LIED ABOUT ECOSYSTEM TOKENS SELLING
LIED ABOUT EARLY INVESTORS
LIED ABOUT SO MANY SHIT THAT I CAN'T BOTHER TO POST THEM ALL
Y'ALL CAN READ MY PREVIOUS POST IN WARUSO

tiiiiiiiiiiiiiiiiiiiiik toooooooooooooooooooooooooooooooooooook loyal dogs
>mike was the only person who exposed the team "bep brigde" dumpening
>mike also is the only person who is exposing the team "litsentbymistake" dumpening

>>23595930
>>23595957
>>23595984
Thanks for collecting this

Frens I had a bad dream that I woke up in Asia and Richard had slitty eyes and spoke like this CHING CHONG BONG DONG WONG TONG DONG DONG

>>23595995
>Richtard sold lition blockchain company to tomo and kept the profitable lition energy company
>Richtard literally getting rid of the blockchain meme (was obvious when they stopped mentioning anything related to blockchain in their energy website)
>the big exchange is tomodex hahahahaha
>all the wallet i posted 1.5 month ago sold everything in this past 2 weeks except for 2
>everything i said turned to be truth
>anons are still doubting my real intention
I TOOOOOOOOOOOOLD YOU SOOOO BUT YOU NEVER LISTEN YOU LITTLE BRAIN MONKEY DONKEY head


WHO IS LAUGHING NOW HUH HAHAHAHAHAHA THE REAL DUMPENING IS STILL TO HAPPEN, THIS IS JUST A TASTE OF IT


THIS IS ALL THE ADDRESSES I LISTED IN SEPTEMBER SO YOU CAN CHECK FOR YOURSELF WHY WE ALWAYS DUMP AS SOON AS WE REACH 40kgwei

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

LIT SENT BY MISTAKE addresses:
https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2?a=0x6abc05bef88e5578e7445d2578723c52363b2a37
https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2?a=0xb16671b4b02f2a427b33071d031067cedf58fb7e
https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2?a=0x25c729d6154d7d5b8d8a08394a578def054bc96e
https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2?a=0xfa03aa38e3a11f295ce105302181e9b189238626
https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2?a=0x146234df1814681be14cd919c5f11477996b4169
https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2?a=0x69e85d980bba0eee982e1cf992401045ccb57969
https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2?a=0x86fb27297e1dd77aed25242bbfd19b320f20c52a
https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2?a=0x46edb85bd6f9c18141d8bf69eca9457789a25e6a
https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2?a=0x67afb01c0dcc062f9429bc26bf6577d7dd9e7984
https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2?a=0xf73ec16626c513f229b9ff437c76bb387186769c

>>23595996
More from MARK

>>23595995
Seek help

>>23596018
>> but why'd he lock trust nodes a day before announcement?
>St. Richard wanted to protect people from making a terrible mistake by panic selling.

HAHAHAHAHAHHAHAHAHAHAHAHAHAHA RICHTARD THE SCAMMER LOCKED EVERYONE SO THEY CAN'T SELL WHILE HE DUMPED EVERYTHING HE HAS 1 DAY BEFORE THE ANNOUNCEMENT

https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2?a=0x536f51a948b6bcaef9ca2c0428b44490c4aee204
https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2?a=0x5405ab05cd7eec1add8b1f5a355b46bf0e362f11
https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2?a=0x671e7b0da391c39d3b34ebb834243db583f3f9f8
https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2?a=0xf919fb32835f72c8061515bda5fee68845ac893e
https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2?a=0x72788b35f66bd7b3aba9bd30d19c8e38632bc51d
https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2?a=0x9be8b7900b9db2e56226979444cd350fde4bb623
https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2?a=0x157a5b583c5555b93a9800ade822db970bf75b08
https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2?a=0xb99ca3d8c14fb5606e7e535cec2cc910cb84b622
https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2?a=0xb00fcd2133e41695f6c8dbd645a0d80f83c4e7c4
0xffa8e0a77c7e3dbd3c9e6e3ce9820fa85474cb07
0x437417f0cd551b8a48abd38cfbe803c47bdd4508
0x8dab40897e50c7148e444b0e6159da6832ab8751
0x62bd968d1dc43c88ff45a5c103b38fb9580a3415
0x2bebabf54283fb6a617c238d2c09de6d98ac0f2f
0x512be99dea95594d5ab2a0c26ba9ec2002614f54
0x952c3b18d9d03812c3cb9c5674eab579f3a6cdc3
0x441ff0100c0708b747c600002228ac46b7137fbb
0x5b1aed77877af55e116728448ecf239d728485ec
0xa2d617c95049bcb243d2b92ba576283c4c488f11
0x5d6bc617b6c2f07bcacbc1db19f45087150cc604
0x23237f5167c85c04cbeb67610830eb206a1c2b2e
0x66de5c906752e972cb93303355999644f8b1be98
0x2fd2cbfbfb7853e354c08c422597476e0e05dd62

>>23596009
Kek

>By end of October a special announcement of an event with partners will occur that has never taken place before in blockchain to the extent that Lition and partners will do it.
>tfw the big event and announcement is Richtard abondoning blockchain and selling shition to the asians
HAHAHAHAHAHAHAHA
imagine believing this is not the big announcement
imagine believing a scammer like kyung and Richtard
>remember when telegram trannies were speculating a tesla partnership
lmao you will have no excuse to still hodl and defend this scam after Richtard sold every shition they hold and then sold the blockchain company to the asians


>telegram pajeets are in panic mode and rankeesh gang in denial phase

------------------------------------------
>https://imgur.com/a/IMCsGyG
------------------------------------------
remember i posted this before any of the following addresses even unstacked and started to dump (13 September) and you can clearly see they still hold all the eth they got, this never happened with any other real investor address

>You think every Lition transaction you see on Etherscan is a team wallet
shutup you brainlet monkey i don't have time with someone clueless like you pretending to be a dev, kill yourself you piece of shit

but before you do that can you tell us how did i predict the exact addresses that are gonna dump their tokens? all the addresses from 31/07 "litsentbymistake" i said they will dump already dumped and now we're seeing the 31/08 are now dumping nonstop, they also never dump at this time of the day which means they are 100% europeans

Mike why the obsession? Is this just about proving people wrong on the internet? Or you actually lost money?

>>23596026
Thanks. Is it clear if Mark is going to stay as community manager?

>>23596009
lold

>>23596072
Yeah he bought high and sold low and therefore claims he got scammed.

>Can you explain the synchronisation between the early investors addresses please Michael
i will post you some of the august dumpening addresses and you judge for yourself if you believe they are controlled by multiple and independent persons from around the globe or by one entity or person (i know you have a donkey brain and you will say that doesn't mean anything but i will waste 5min just so other anons see my post and keep away from this scam)

>https://etherscan.io/address/0x1a9567577c7b6f5ae8815f9e0827f6762509122d#tokentxns
>https://etherscan.io/address/0x6083bd8d2a1583bfeebcc0bf3de30f73ff322ee9#tokentxns
>https://etherscan.io/address/0xa7da03047d1f734e4d07950a010044c8e395e056#tokentxns
>https://etherscan.io/address/0x10087ec70aec5e5ccfe487be02bfa7b99d14d12a#tokentxns
>https://etherscan.io/address/0x1d734e70c888f7791e1d19601403fb668888df01#tokentxns
>https://etherscan.io/address/0x7ede39866b8fc6fc3c1e731e977c2cd790768f2a#tokentxns
>https://etherscan.io/address/0xe13c7cda43535710891cbc4ef7e3aeb013599313#tokentxns
>https://etherscan.io/address/0xba0ee163959a47644d4ffc45c8323dee7549deb7#tokentxns
>https://etherscan.io/address/0xa62a2c44574fa5d2f015917c3aa5bf00bafe360a#tokentxns

what is in common between all this addresses:
-all of them are new addresses
-all of them got their tokens from early investors tokens
-they always sells with same patterns and behavior
-they all kept their money and didn't cash out anything (like in april-may dumpening)
-all of them converted their ether to usdt at the same day and hour (04/09/2020 --->15days and 2-3hours ago)

IMAGINE AFTER ALL THIS YOU'RE STILL HOLDING THIS SCAM AND BELIEVING TOMO WILL KEEP A WORTHLESS TOKEN INSTEAD OF USING THEIR OWN TOKEN

IMAGINE THINKING THEY ARE DUMB ENOUGH TO NOT CREATE ANOTHER TOKEN ON THEIR OWN ECOSYSTEM AND HAVE MORE TOKENS UNDER THEIR CONTROL LIKE HOW RICHTARD DID
>tomo: the already running energy usecase will remain on ethereum 'which means any future usecase will be on tomochain)
but rankeesh gang is here lying and saying all the future usecases will remain on ethereum a competitor blockchain to tomochain who no one even use or even heard of


>>23591762
>>23591803
>>23592462
it is literally tomodex, oh my god how dence are you bagholders??? you still think this is not the big exchange they promised? im sure after they see the reaction they will say this is not the exchange they promised and the negociations are still going and more news in the upcoming weeks
>but imagine them saying yes this is the promised big exchange
lmao
>>23592868
yes tomo bought lition blockchain but didn't buy the worthless lition token that everyone is holding right now and they have all the right to issue new tokens on their own tomo mainnet, thats why richtard and all the fake early investors were selling non stop for 1 year because they know this shit is gonna be worthless
they hold nothing one day before they announce this news, is this not tangible prove for you?

it over rankeesh gang, tomorrow you will get slapped really hard in the ass when they say it out loud but you will still be in denial and defend everything they will say
chink chonk chank your shitty litty just turned to trash

>hey guys thanks for doing this ama, i uh just have a quick question how the hell do i get my money back?

YOU GUYS ARE REALLY BELIEVING A BIG BANK IS GONNA USE A WORTHLESS LAYER2 BLOCKCHAIN? WITH A WORTHLESS SHITION? OHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH NONONONONONONONONONONONONONONONONO YOU GUYS CAN'T BE THIS DUMB WHAT THE ACTUAL CRAP SHITTY SHIT IM READING


HOW MANY SHITCOIN CLAIMED THEY ARE IN TALK OR IN PARTNERSHIP WITH A BANK? THIS SHIT WAS GOING ON FOR YEARS AND STILL NO BANK IS USING BLOCKCHAIN

YOU GUYS ARE REALLY DELUSIONAL TO THINK SHITION POSTING A POTENTIAL USECASE IS A REAL USECASE THAT IS JUST WAITING TO BE ANNOUNCED TOMORROW

>REMEMBER SAP PERTNERSHIP
>REMEMBER MICROSOFT PERTNERSHIP
>REMEMBER TESLA PERTNERSHIP
AND NOW A BANK PARTNERSHIP

HAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
RICHTARD SOLD ALL HIS SHITION AND SOLD THE BLOCKCHAIN AND DOESN'T CARE ANYMORE ABOUT THIS MEME ANYMORE, HIS REAL COMPANY IS MAKING BIG MONEY SO :
-WHY WOULD HE USE BLOCKCHAIN WHEN NORMIES DON'T CARE WHAT TECHNOLOGIE THEIR ENERGIE PROVIDER IS USING WHEN THEY ARE PAYING LESS MONEY
>INB4 YOU NEED DECENTRALISED BLOCKCHAIN SO YOU CAN PAY LESS
NO IT DOESN'T NEED AND THE ENERGIE USECASE WAS RUNNING FOR MONTHS IN A CENTRALISED BLOCKCHAIN AND STILL COSTUMERS ARE PAYING LESS

-YOU THINK RICHTARD IS GONNA PAY TOMO MONEY TO USE THE BLOCKCHAIN HE SOLD THEM FOR PENNIES? LMAO
-WHO IS GONNA PAY STAKERS NOW?IF THE BLOCKCHAIN WAS PROFITABLE IT WILL BE MUCH BETTER FOR RICHTARD TO KEEP IT AND GET MORE PROFITS FROM THEN SELLING IT AFTER ONLY 1 MONTH OF MAINNET

-ALSO THEY STILL DIDN'T MIGRATE ANY REAL ENERGY TXS TO THE RUNNING MAINNET SO HE NEVER PAYED ANY PENNIE TO THE STAKERS FROM ENERGIE MONEY

This guy is relentless

>>23594356
>Richtard: to become a major global player you need the global reach, a fully cblablablablabla
Richtard talking about tomoscam like he is talking about SAP or tesla acquiring shition


if you have skin in the game why did you sell all the ecosystem tokens you piece of shit scammer
what will you do with the 4500eth you got from dumping millions of shition in 6 months now huh? all expenses are on tomochain so the money you got are now for you to benefit and not for shition like you said in the past YOU PIECE OF SHIT SCAMMER LITTLE MONKEY BRAIN KILL YOURSELF

SOMEONE NEED TO SUE THIS SCAMMER AND GET HIM TO JAIL


>>23595143
I WAS RIGHT AGAIN THE TOMODEX IS THE BIG EXCHANGE SO THE BIG EVENT NEVER HEARD OF IS ALSO TOMO ACQUIRING SHITION
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
OH NONONONNONONONONO LITBRO YOU GOT TOO COMFY HOLDING A SCAM I WARNED YOU ABOUT FOR MONTHS
THERE IS NO SMOKE WITHOUT FIRE, WHEN I SAW THEM SELLING ALL THE ECOSYSTEM NONSTOP I WAS TOO SURE IT BECAUSE THEY COULDN'T FIX THE MAINNET BUT APPARENTLY IT BECAUSE OF RICHTARD SELLING LITION BLOCKCHAIN AND ABANDONING THE SHIP

>>23595967
THEY USED 201 ETH 7 DAYS AGO

SEE
https://etherscan.io/address/0x0422d559e2e26f02248257b13a44702b0c9d3975

>Ama starts
>Tomochain:"ching chong wang wond ding dong"
>Price skyrockets
>We all make it

I'm new to these LIT threads but god damn Mike you're obsessed

I told you he was going to be summoned

>>23596266
They eventually go to kraken

>>23595961
Once again it reached over 300. Feel free to act retarded once again though.

And my response from last thread:

>>23596315

>>23596072
LIKE I SAID I REALLY LOST MOST OF MY MONEY IN THE PAST BECAUSE OF RICHTARD DUMB ASS RELEASING A BROKEN MAINNET AND HIM SELLING EVERYDAY BUT NOW I ACTUALLY DID A 13X MY INITIAL INVESTEMENT FROM 2019 SO IM TOO COMFY
AND NO I WILL NOT STOP EXPOSING THIS SCAM EVEN IF IT MADE ME SO MUCH MONEY
I DON'T FORGET ANYONE TRYING TO SCAM ME
I WILL BE HERE UNTIL NO ONE IS TALKING ABOUT THIS SCAM AND RICHTARD GOING TO JAIL FOR FRAUD

Be sold like slave.

Soon Tomokek will change lition token for

TOMO ION

Why Richard, why?!?!?!?!?!

all you have to do is look at the chart to know this is going sub .1!!!

>>23595995
Did people post things like this when Chain Link was new?

>>23596408
>all you have to do is look at the chart to know this is going sub .1!!!
The question is whether to buy more

>>23596340
SO THEY ARE CASHING OUT MONEY THEY WILL USE TO GO IN VACATIONS, RICHTARD IS GONNA BUY TOO MANY NEW LEGO FOR HIS AUTISTIC SON

>OH NO MIKE THEY NEED THE MONEY TO PAY EXPENSES
NOW WHAT YOU PIECE OF SHIT

>>23596413
Yeah literally a json parser, token designed to have low price etc

>>23596413
mike is mentally ill. he does nothing all day but post this shit here and on TG.

What percentage of my crypto assets should I YOLO into $LIT?

I thought Mike was dead

>>23596439
Cheng chong ding dong King Kong fuck monk

>>23596461
like 20%

>>23596474
make that 80%

>>23596461
Just get a make it stack of 100k LIT, it's still cheap as fuck

>>23596467
mike & i are the tag team duo here to shit on your lit token parade. warning biz about the truth of richard. we will not stop till richard is in jail!

>>23596495
well i would have said 100% yesterday but we have to wait for the AMA.

>>23596513
Are you two gay together?

>>23596495
>PuMP
Bullish

>>23596513
why are you gay?

jesus this thing is dumping harder than me when i drink milk

>>23596495
>PUMP ID
based

>>23596413
Yes a lot. Its why a lot missed out. It was to hard for newer people at the time to tell if the shills or the few relentless fudders were right and they would just move on. This is a long term hold not a pump and dump. Buy stake and forget these threads exist.
Quiting another anon here:
By acquiring LIT, guess what TOMO also acquired? GDPR compliance. By doing so they just opened themselves up to all kinds of deep legal shit if they just buy the project to kill it outright without compensating the original investors in some way that'll make them satisfied. And to top it off (absolute worst case scenario here), if they just integrate their tech into TOMO, LIT holders will be compensated with TOMO that just got increasingly more useful for the broader Asian market, and you absolutely know the Asians will pump those bags.

And for those thinking Richard sold just to wash his hands of it and exit scam, that's what devs that just have a shitcoin to worry about. Richard has an actual company with government oversight to maintain, as well as the well being of those he employs. So that in and of itself is why the rugpull/exit scam take is flawed at best, smoothbrain thinking in actuality."

>>23596495
>Pump in id
WTF BROS WE ARE ALL GMI AFTER ALL OOOOOOOOOOOOO

>>23596503
I need to get 40k more to get there. I'll get there.

>>23596567
You are gonna make it

>>23596539
I WILL DRAG THAT SCAM ARTIST RICHARD TO THE KLEROS COURT !!!

>>23596607
Kek

>>23596513
>we will not stop till richard is in jail!
This is all anyone needs to read to realize these guys are trying to fund the price down to buy.

At this point I don’t care anymore about lit technology and use cases.
I experienced 3 acquisitions and I know things are going to be ugly and uncertain for LIT bag holders for a while.
There’s no way this acquisition is good news at least in the short mid-term.
Lit might even have a promising technology but the upcoming uncertainty on what will happen to it is going to kill any upside momentum.
So yeah, I’m out.

>>23596503
Unfortunately, I cannot pull that kinda weight.

>>23596631
What about the long term prospect?

Why couldn't they fucking wait with the acquisition announcement until after ama. Killed all momentum for nothing

https://mstephenw5.medium.com/recap-acquisition-q-a-session-with-lition-ceo-richard-lohwasser-from-october-28th-b48bfef0e088

>Recap: Acquisition Q&A Session with Lition CEO Richard Lohwasser from October 28th

Lition and Tomochain made headlines on October 28th with the announcement that TomoChain had acquired the enterprise blockchain unit of Lition. You can read the full acquisition announcement here.
Lition Founder and CEO Richard Lohwasser stopped by the Lition Telegram after the announcement for an impromptu Q&A session.
Introduction

Richard Lohwasser (RL): Dear community members, I see there are many questions about the recent announcement. I will join a video AMA this Friday together with TomoChain’s CEO, Long Vuong, to address the main questions that came up. What I can tell you already now is that the new entity will be a lot more powerful than the old one.

>Q: Will you be leaving Lition?
RL: I won’t. The Blockchain is still the core of the energy business (all the trades run on it), and I will also remain active in the new Blockchain infrastructure company.

>Q: Why an Acquisition?
RL: More on this on the AMA, but we realized that a new, merged company is a lot more powerful than a sole Lition alone. We needed a partner beyond a partnership.
Lition has a European Sidechain solution — but no mainnet*, no international footprint, and by far not the resource of a TomoChain. But these resources are needed if you want to play in the major league.
That’s exactly what we want to do. and need to, if we really want to make a difference. And that’s what we will do now.

>>23596539
Does Richard have a past of scamming people or just a normal career? That would be the strongest indicator to me. Kinda how like Nikola's CEO turns out to have a history of scamming, putting Nikola under the microscope.

>>23596413
Not only LINK, but ETH was relentlessly fudded.

>>23596654
That sounds like IDIOTA or XRP stupidity, why should you deadlock money for years in uncertain cryptos?
Just put it into LINK,ETH or BTC if you like to play the waiting game.

>>23596692
>Q: Does this acquisition betray your blockchain community
RL: I think we would betray the community in the long run if we would have just continued as is.
In order to really support the community we cannot just deliver on a working blockchain or one or two use cases. It also wouldn’t be my ambition. To support the community, but also to create a large value of the coin, we need a stronger, more powerful blockchain company. And that’s why we needed a strong partner. To *not* betray the community.
>Q: Can you address the issue of incentives? Are the incentives correct to make sure that TOMO does not funnel all value to the TOMO ecosystem rather than the LIT token?
RL: You are fully right. This is a concern we therefore took very seriously, and now have incentives that align TomoChain with LIT holders. This was a go-or-no-go negotiation point for us. Anything else would not be fair to the people that believed in Lition.
Q: Would this partnership effect the staking rewards when energy product comes out? How would Tomo chain effect the stakes of that?
>RL: The staking rewards are a result of sidechain transactions. these are the peer to peer trades of our electricity customers, so this is independent of the TomoChain deal.
>Q: How much of a role will you play in the merged company? How long will you stay? Also, will your energy business be dependent on LIT infrastructure for the foreseeable future?
RL: I’ll remain active in the Blockchain infrastructure. The Energy Use case remains fully dependent on the LIT infrastructure. We have to anyway, as there is no other GDPR-compliant, scalable public-private blockchain solution out there.

>>23596551
>>23596535
>>23596525
>>23596517
Strong hands are rewarded. We're gmi, frens.

>>23596695
>Does Richard have a past of scamming people or just a normal career?
I've heard he was a magician that you could book for birthdays, not sure if you would count that as scamming though

>>23596720
>Q: I’m not sure if you can answer this, but have you received a % ownership of TomoChain the company? If so, I would feel fine about this desu because your incentives would also be aligned. Tbh, I’m feeling more fine with this as time goes on anyways. Thank you for your replies by the way.
RL: I cannot go into details. But what I can tell you is that the incentive mechanism we agreed with TomoChain is that both I personally, but also TomoChain, have “skin in the game”. Our incentives are aligned with yours.
>Q: What do you say to those who think the acquisition may ruin the project?
RL: This is up to everyone’s personal judgement. What I can tell you is that from both a technical point of view and a business point of view the new company can achieve A LOT more than Lition alone.
To become a major, global player you need the global reach, a fully coupled technology, and many real business use cases. Lition alone didn’t have it. Now it has. And only as a global player the blockchain will reach real mass adoption.
That’s the motivation for the deal.
>Q: All side chains remain paid in LIT and work under LIT Nodes right? Just another mainnet got added — so only + on value?
RL: Correct
>Q: What’s your favourite Lego set Richard?
RL: Star Wars AT-AT ;)

>>23596709
That is a fair point, and I already did.

>>23596692
>>23596720
>>23596738
Thanks for spoon feeding these retards. Im super bullish for tomorrow, people are just trying to grab a cheap back to swing it on Friday night when the dust has settled.

>>23596654
I don't know. But this market is moving fast so I'm not going to keep my money on a project with such amount of uncertainty ahead and miss other opportunities until they figure their shit out, if they ever do.

>>23596787
you are talking about a community that invests in shit like CLOVER and threw 20 ETH at the BOOBA finance rugpull.

At what time is the AMA? Berlin time

>>23596929
so 4pm Berlin time or in 26 hrs

>>23596947
26 HOURS

>>23596947
we will see sub 10 cents before this ama. post ama may see .03cents.

>>23596687
If they had done that after the AMA then the negative reaction we just saw would counteract anything positive they announce in the AMA. It's obvious they are staggering the "bad" news (uncertainly) so that the "good" news has maximal price impact.

>>23597021
Trading Competition for $LIT on TomoDEX soon

>>23595957
This is fud
Who the fuck cares about tomodex

>>23596266

Have you even looked through that wallet you retard?

I'm on the fence on lition but those eths actually lead to uniswap liquidity LMAO.

Fuck me your so obsessed you just listing wallets and coming up with your own shit.

Why wait until mainnet and them sell themselves out now? There's a fucking reason for this, maybe they were aware of they got mainnet running, tomochain had a business prop in return for xyz.

Who the fuck knows? Only thing that makes logical sense is they wouldn't sell anything for no reason.

it's actually insane how much of a scammer richard is

>>23597031
this is what shitcoins do, lit bag holders seething.

>>23597129
it's actually insane how small your brain is

TICK TOCK! YOU HAVE 24 HOURS!

Is every fucking crypto either a) a scam b) used to propagate scams (eth)

Before lit this was my stance, but honestly selling to chinks is never a good idea, they have no morales. (Nothing against Asians born in western countries)

>>23597364
Tomo isnt chinese. Its Vietnamese singaporean and Vietnamese hate chinks more than westerners.

>mfw I provide liquidity for Lition and I'm the only winner here, because your fees from inflated volume are making me rich

Reminder that there is now a dedicated fud group for LIT. They're incredibly obvious and are probably too stupid or poor to use a VPN. One of then even admitted it in this thread which is doubling down on the retardation.

>>23593504
>So what's going to be announced tomorrow?

1) Chainlink (a tomochain partner) being incorporated in the Lition ecosystem as an oracle service to relay the Lition price, which will allow the Lition fees to actively adapt gas costs to an even 0.01 USD.
2) A CEX listing, likely Kucoin.
3) "An event never taken place before in the blockchain sphere which goes along with the redesign of the website." This means the central banking usecase, which now has dethroned the energy usecase in order of importance.

Say bye bye to energy token fud, say hello to central bank token shill.

>>23597567
richard has already stated that tomodex is the exchange listing.

>>23597541
Oh no no no dont tell them about it!

Why price go down sirs I lost 1 lakh

>>23597567
1) Whoopdie fucking doo, that's a nothing burger
2) New CEX ain't coming anymore (soon at least), Richard already said that in the telegram.
3) That usecase is still in R&D, not coming for many years if ever.
We got rugpulled, better accept it as a fact.

>>23597591
I'm in that screenshot, saying they got priced out. The fud is now fucking real though, the chink acquisition and listing on a shit tier exchange is a death blow to those loyal to lit. Newfags have bailed and stakers will too once tokens unlock... Feels bad

>>23597721
Okay retard. Looking forward to buying your bag

if it wasn't for locked tokens in staking lit would be below .05 right now.

>>23597647
Maybe you are new and just heard the term rug pull a lot as part of the wave of uniswap scams but I don't think you know what it means....
A rugpull is when you advertise a new coin, probably a .finance one now but it used to be sta clones. Then once people ape in on uniswap you pull the liquidity leaving them stuck with useless shitcoins. The state of this place and the fud on lit.
Go back to the fud discord group fag.

>>23597828
If it gets that low ill be buying more. I've been through a few bad fud cycles with lit and am not worried. It got down to 2 cents last December and I didn't buy then. I feel so stupid. Won't be making that mistake again.

>>23595930
>Lition alone didn't have that
So richard basically admitted lit was useless before tomochain

>>23597962
not useless but severly limited yeah. thats what the retards here do not understand. they hade more hope when Richard had to hire temporary eastern european devs and somehow lost hope now that those issues are solved.

>>23596947
Thanks

>>23597962
The point was that Lition is just a startup which is why TOMO will lead the marketing from here since it is a more household name than Lition on paper.

Have a good night anons. I'm taking a break here till after the AMA. Theres nothing more to really say and we will know more then. Stay litty.

Meme all you want, our new ceo is a fucking chink. This fucking sucks

t. Original /lg/ founder and also a skeptic/racist that would never do business with an Asian

>>23598269
>posted on asian owned 4channel

>>23597567
Cope - the post, right here.

Tomodex IS the exchange listing as Richard stated.
The never before event was the acquisition.
And who cares about them using chainlink, that's like using AWS for your website.

Do not expect much from the AMA tomorrow

>>23598269

You are not. Lying pos.

>>>23594195
This is embarrassing

>>23598423
LIT is a falling knife at the moment and it will go down to 2-3 cents tomorrow.

>>23598445
I am, doesnt even matter. Fuck every shill trying to save richard, richard not only cashed out but hyped things up before he did, also this retarded german basedboy lied to us about the new exchange. This is the most blatant lie and anyone defending him is a KEK that would let his wife be fucked by a reddit bull

>>23598522

Yeah.. I get where you are coming from. They did lie about "a major exchange". That angered me as well. But he is a pussy, it is clear in his face. I thought it was his christianity, but it is his basedboyness. Atleast we got rid of him. Maybe TOMO can do something with this. We know for sure Richtard wasn't able to.

>>23598618
I swear I prefered the other co founder kyung or wtv, seems more trustworthy even if he is asian. Lets be honest with each other now that the faggot is gone, Richard looks like a simp, matter of fact he actually looks exactly like that fucking tiktok feminist fag that is posted around 4chan. He is a fucking nerd academic Intellectual yet idiot simp jerking off to traps, he will be a good boy and pay taxes on his gains after selling lition then give the rest to a lgbtq+ diversity supportive organization and wash immigrant feets. FUCK YOU RICHARD INCOMPETENT FUCK, DISGRACE TO YOUR BLOODLINE

>>23597591
I am the "I am" goy. Now genuinely worried

>>23598409
Chingchangchong go eat a bat and fuck yourself

It breaks my heart that Richard genuinely fucked us over. No FUD here, i've been holding since may last year.

He deliberately over hyped the announcement which he KNEW would not be received well and to boot he claimed that a 'major exchange' listing was coming.

If that wasn't enough, he slyly dropped this bombshell on us BEFORE the 30th of october deadline, getting the drop on us and exiting on the pump of the empty hype he created.

It turns out the 'never seen before in the blockchain sphere' event was an acquisition of the entirety of LIT by a chink coin none of us have heard of.

I have no idea why TOMOchan bought lition, and whats in it for them, but what i do know is that we were deceived by Richard in a cunning and deliberate manner. I wont be panic selling, but I have lost a tremendous amount of faith in Lition and definitely see all momentum being lost. wouldnt be surprised to see LIT sink to all time lows.

Im genuinely shocked by this because i thought i could trust a fellow aryan autist but i was foolishly optimistic. back to the drawing board i guess.

>>23598815

Yeah, he isn't a good looking specimen. I actually thought he was around 26-27. He is built like a teenage-boy. Looks like a simp, talks like a simp, is christian and autistic. I never liked the look of him, but thought better than to judge a book by it's cover. Thought he was just some christian autistic basedboy with a dream. No drugs or other distractions, seemed like a good bet. But it is clear in retrospect, as most things are when we receive information that he wasn't a fit for this project.

I agree on Kyung, he seems like a solid dude. I think TOMO will deliver LITION for us, Richtard couldn't and it is pretty clear. He didn't even get us listed on any exchanges.His focus has only been on Lition Energy. Thats all. Nothing else. Some anon mentioned that Docmosis probably heard about it here on Biz, my guess is that THEY contacted Lition. Not the other way around.

For us, left holding the pieces, (staked and all), we are in the mercy of TOMO.

>>23597857
Rug pulls are any time you get the rug pulled from under you. This is a rug pull.

"The big, amazing news is that I sold the blockchain to an Asian company. Hope you weren't staked. Bye."

>>23598475
I hope so

>>23599021

Worst part is that we are locked and can't even get rid. It is a suckerpunch indeed.

>>23599021
Richard literally secured the golden ticket for us you brainlet

>>23599021
Basically the same. I won't sell because I can afford to lose a few grands so I will at least see how this ends, but I feel betrayed and I'm kinda hopeless about LIT atm.

I've read the posts about how this is good and a real opportunity, but what does Tomochain truly have to offer? How are they a stepping stone? Can someone give me some credible hopium?

>>23599140

No one knows anything. The AMA will answer some questions for us.

>>23599021
True. I could cope around the tomochain acquisition, but Richard's blatant dishonesty and trickery sends me over the edge. like everyone else I can't even sell because I'm locked in staking. things aren't looking good at one point I genuinely thought that this would be the last crypto to give BTC/ETH/LINK levels of gains.

Hahahahahahaha they kicked me because I said a truth about this PIECE OF SHIT LOHWASSER.

TRUTH IS HE SOLD US TO CHENG CHONG for few ladyboys and some chips.

MAJOR fcking tomodex exchange. Great job! I cannot imagine how hard negotiations that was.

New usecase xD HAHAHAHAHAHAHAHAHAAHAHAHA

Show me ONE partner bank. Can be from Kambodia, don't care.

>>23599257
Same here. I'm burned out. Back to just collecting BTC, ETH, and LINK. I sold a bunch of good bags because this seemed like the last great small-cap hope.

>>23599140
People fail to understand that the usecases of Lition are still fully intact, it's effectively the same operation despite changing hands.

SAP is newly listed as a partner on Tomochain's website, so they're still in kahoots with LIT to create a sidechain.

Tomochain clearly purchased a GDPR compliant blockchain for a reason. They aren't competitors so there's no buying and gutting going on here. I think that Tomochain has a deal in the works that needed better security, so they outright bought the Lition blockchain. This indicates to me that they have something seriously big lined up if they're willing to throw down that kind of cash.

It sucks that Richard is gone, but consider this: blockchain technology is not Richard's strong suit. He specializes in energy. It makes sense for him to dedicate more time towards developing Lition Energy because that's what he's most qualified to do (which further increases txns for LIT). He also said he still has "skin in the game", which makes me think the deal he cut with Tomochain wasn't one and done. He probably has some partial ownership of Lition, some significant holdings of LIT, or some entitlement to a % of Lition's revenue.

You should be bullish.

It's clear under new ownership Lition (Tomo) will be targeting the financial sector. But if the "big announcement" doesn't include a new financial use case already up and running then the so called announcement is nothing more than a charade given the hype from our previous CEO. I'm talking set in stone partnerships with transactions and specific launch dates etc.. not a roadmap or a promise of ewhats to come or heaven for bid just a confirmation of what we already know. If they can't provide us with real life results then the recent AMA and what follows is basically pump and dump behaviour considering the language used by Richard and Kyung, regardless of what may be in the pipeline in the future.

NEW MEME CAUSE MEMES GIVE HOPE IN THESE TRYING TIMES

STOP BEING SO NEGATIVE YOU NIGGERS

WAGMI

Don't believe anything they tell you tomorrow at the AMA. The truth is that tomochain bought the patent, you can guess the rest.

>>23599563
High quality one there anon. Great job!

>>23599563
Fuck you. I dont trust chinks and TOMO shit can go fuck itself.
They rugpulled and now its over, we got chinked and thats it.

>>23599479
Bullish on what? Tomochain isn't some god tier project it's also a relatively low cap coin trying to prove itself. It's like a small start-up being bought out by another small start-up, at the MOST it's just moving sideways but if you consider the blind leading the blind bullish you deserve to get justed on this

>>23599563
How can he prefer the AT-AT to the AT-ST. Richard really must have lost his mind

>>23599647
shut up retard, sell and fuck off then if you dont understand what this news means for staking rewards

HOW MANY LIT TOKENS DO THE EXECS/TEAM AT TOMOCHAIN OWN? WHAT INCENTIVE DO THEY HAVE TO KEEP LIT GOING UP?

>>23599804
they own it

>>23599799
It means ching chang chong LIT is gone, better start staking TOMO instead idiot.

>>23599850
Wrong. They own the tech (which can be easily built into a new token)- and the treasury (still just payouts to current team/investors). I can't see how they have any incentive in LIT tokens themselves or ensuring price rises.

>>23599851
look i get it you're trying to scare the newfags, keep ít up lad, good work

>>23599704
You clearly didn't read my post.

>>23599479
das right imma say "Ni Hao wealthy Chinaman" and wait for the massive pump

>>23599479
>People fail to understand that the usecases of Lition are still fully intact, it's effectively the same operation despite changing hands.
That's true. But I stopped believing in the meme that this was a team that never tried to hype.
So stop saying usecases. They have 1 usecase.
The volksbank raffeizen one was a demo, which the bank probably declined to further pursue, nothing will come from lawpilots either I would assume and Docmosis ok that one I believe they might launch but it is not the 'big company' that Richard said it was. It has 3 people working and 1.8 Million Euro in revenue. If it could generate 100k in yearly fees that would already be an outperformance of my expectations.
The only thing I believe is the customer number of +10k with 15 Million in revenues for Lition Energie as disclosed on the tesla page.
But to get to 235k by late 2022 they should have been at +15k and almost 20k customers by now imo.
I think growth in percentage terms has slowed considerably since the April AMA, which is why they didnt talk about it in the October AMA and that also plays a role why Richard is going to join Lition Energie to pull on that usecase.

>He probably has some partial ownership of Lition
There is no more Lition as in the company, the purchase might have been in a partial cash, partial shares deal. The team is supposed to get 2.95 Million team tokens unlocked in April. I dont know who besides Richard and Kyung would get some but that is a fairly small pie regardless.

>>23600011

Ni Hao, wealthy Chinaman!

>>23600011
After 2 months

>>23599563
Looking really good!

>>23600011
Unironically this. Ni Hao, wealthy Chinaman!
>>23600070
My point is that Tomo bought Lition for a reason, and I suspect that reason is a Lition usecase which is probably quite significant. There's no point in purchasing a blockchain without having any plans to expand its use.

>>23596631
3 acquisitions in crypto or stocks ?

>>23600240

>My point is that Tomo bought Lition for a reason

My best logical guess would be a quick-fire way to bypass GDPR regulations for whatever financial ventures they are planning to launch in the future instead of having to developing their own sidechain.

>post yfw Richard is behind the FUD cause he wants to inflate his bag before the announcement

>>23600394
wouldn't surprise me if Richard programmed fud bots to accumalate. It's done a pretty good job so far

>>23600394
But then again its helping me accumulate also so a win/win

>>23600394
>>23600445
I hope you guys buy a good rope in preperation for the AMA tomorrow.

>>23600487
Best one!

>>23600487
Yep, the AMA si gonna be shit probably.
Just doing damage control and everyone sucking each others' dick over how amazing both projects are.

>>23600538
Sadly, this is the case. We've all been here before with these bungling nerds. Best case: they make the price drop just a little. Why did I think /biz/ could get it right?

>>23600011
" Ni hao wealthy chinaman! "

>>23600070
There was also supposed to be an ecosystem and community tokens unlock with corresponding burns in october. This has not happened yet. So this deal might also have dilluted our supply with 20% by not following up with all the burn promises.
Which makes me wonder about an other point. If they did not have the means that TOMO supposedly has, why did they say they would burn so many tokens then? I think the pressure of the community during the time when advisors were dumping the price to below 2 cents made Richard commit to bad financial decisions e.g. burning a lot of tokens for the team. And being pressured of not selling tokens to raise funds for the company because fucking Mike started screaming autistically every time some tokens were sent to exchanges. I think he just didnt want to deal with that either.
Anyway this was not a good development.
Tomolady is pretty smug about all developments though.

>yesterday: Smaller team, eastern euro temp devs that botched the mainnet the first time
LIT SHOULD BE A TOP 10 COIN DURRHURR
>today: way bigger team, more resources, more potential use cases?nothing has changed fundamentally about the Token and it's existing use cases
HURRR DURR ITS OVER WE GOT SCAMMED
Yeah I'm thinking this is the great filter

>>23600588
>Best case: they make the price drop just a little
Changing my answer here. The only thing that would stop a 30-50% slide tomorrow is if they announce the new LIT sidechain of TOMO was going to start handling real banking transactions. Something of that magnitude. Otherwise, it will look like Richard hyped this acquisition to soft exit scam. I hope it works out, but I'm trying to be realistic. I just hope that both companies limp along enough to keep me getting staking rewards. But at this point I'm wondering if this fuckup will be trip both of them up enough to bring them both down. If only one goes down, it will obviously be LITION.

90% chance of -30% or more. 10% chance of amazing news.

Give it to me straight bros, what's the future of Lition?

>>23600768
>more potential with more resources so why sad now?
This is one of the few comforting takes I have.
>>23600723
Good points. I can see a few good reasons why Richard would want to this and think it's a good move. Let the bigger blockchain handle the blockchain part while focusing on the income-generating company. Makes sense. But optics are horrible. BUT the are acting like what they have to say will wow us all. What a shitshow overall. This had better be really good.

>>23600938
price will freeze today cuz no one knows what will happen tomorrow
i think that tomo bought it for a good reason and something is coming but if u dont want to risk now just listen to ama with prepared uniswap transaction just to submit when needed

>>23595897
Lit TG removing anyone that shows disappointment at the rugpull, turning into a total exit scam.

>>23601024
unless you're staked like me in which case there's nothing you can do

>>23600831
Look we're all pretty bummed but this coin was way underpriced at 20 cents two days ago.
Even if you only go by the energy usecase, even if the SAP connection was just smoke and mirrors, even if docmosis is a nothing burger and volksbank raffeizen will never materialize and even if the energy usecase isnt growing as fast as expected and needs richard to help pull it together.
Even if all that is true, Lition was undervalued at 20 cents. Not as undervalued as I thought it was but still undervalued.
Now the tomochain shit was a dissapointment and price understandably tanked but to slide even deeper than the bottom of 10-11 cents of yesterday would be massive undervaluation.
The energy usecase will stay on the ERC-20 chain, and TOMO just bought the ability to bring every future usecase to the Tomo chain and generate value for Tomo there.
Actually looking at it this way it's pretty good actually.
Lition Energie stays ERC-20 and adds value to Lition (and basically Ethereum too) and all future usecases become TRC-21 and add value for Tomo and Lition.
Richard figured he wasnt doint too well with marketing the technology to companies (probably failed with Volksbank Raffeizen and Lawpilots) and made this decision.
This is the first time I have a positive feeling about this desu, senpais.

>>23600965
Absolutely horrible communicators for sure.
Cant read a crowd these autists.

So when can stakers finally get their LIT out and dump it? Is there a set date for everyone?

Something interesting about this is that the amount of people prevented from panic selling via staking is reinforcing the value of the coin (we're still going parabolic on the yearly chart) but also reinforces the rugpull argument (Richard is keeping us from panic selling!).

>>23601035
Agree. They trying keep high level conversation after Richard "wanka" Lohwasser rug pull.

After this wholes lies they can't defend fud. Pussies

>>23601159
I said last night somewhere that it's like watching a wannabe standup comic telling really smart jokes that only he finds funny to a confused, silent audience.

>>23601062
thats why staking is retarded even if you have the most promising coin i was saying that in every LIThread
i also dont understand why you are all so negative bigger company is buying working product that has no use why would they do that? think for yourself

>>23601250
Negative because what Asian can do best? Copy/paste

I expect Lition will be only energy token ( but EWT has deal with German government)

>>23601356
This, they will gutter LIT and put it into theire own Homochain.

>major listing soon

>>23601461
lmfao i fucking died when i saw this

>>23601461
Ooof

>>23601461

>>23601461
>Major listing sirs

Can anyone shill me tomo? I know they have been close for a while now, but I haven't really put any research into them
And as much as I dislike the sale, it might have been necessary for whatever announcement they have for tomorrow.

>>23601588
>Can anyone shill me tomo?
its like ETH but better. Faster. Less Fees.

>>23601583
this project really is falling apart huh? biggest shill on twitter has fallen, generals are in shambles, big sellers are dumping.... richard betray.

>>23601175
>hey fellow LIT holders

>>23601461
Bullish, just bought 100k.

>>23601628
>generals are in shambles
wrong. /biz/ is back
>pic related

>>23601664
the state of lit can't get much worse than this.

>>23601588
>And as much as I dislike the sale, it might have been necessary for whatever announcement they have for tomorrow.
This has been my main cope. I still sold off anything that wasn't staked. So risky. On the off chance that it's big, positive news, I'll still make it. But it's probably going to go like this video.
https://www.youtube.com/watch?v=DMonlRsJ5hY

>>23600487
no, you might need one though

>>23601679
>the state of lit can't get much worse than this.
so what ur saying is the price floor is 12, 13 cent no matter how bad the news? looking good for the AMA then.

>>23601175
you can stake for 1,3,6 and 12 months. Its locked for that time.

I really thought we were all gmi, the rise to 20c the last few days was so fun frens... I hadn't told anyone this but the last few nights I'd gone to bed early and spent the night cooming to pictures of Richard. It was the best few days of my life.
But now this. It all happened so fast. So sad frens I went all in and I'm gonna lose everything.

>>23601797
dont be so negative fren. Its not that bad. Everything will be fine. Also its a little bit gay to do what you did but i dont judge.

If they don't have an actual usecase tomorrow and will just say something like "We are targeting central banks ching chong ding dong and uhh governments ching chong out" I am going to off myself. Richard and tomochain ceo I hope you are reading this.

>>23601879
its really bad. really really bad. stakers will be unlocking for the next year dumping on everyone for what richard did this past couple weeks.

>>23601797
Cheer up, fren.
Now you can coom to Mr Long Schlong!

>>23601910

>>23601910
So not only sellers but token supply burners...good shit

>>23601910
Yes, this shitcoin and their stupid CEOs are pointless, can't even workout a mainnet and you think they will get a central bank to work with them? kek
shit's fucked, hopefully it'll pump to like 15c so I can leave with small gains on this crap

>>23601920
Good, 250% APY here we come!
I'm back to bullish.
Fuck all the haterz. Yeah!
Woooooooooooohoooooooooooo
LITCONNNNNECCCCT!!!!!!!!!!!!!!!!!!!!!!!!!!!

>>23601879
I metaphorically coomed about Richard. I told everyone how smart he was and how he and his soft, nerdy body were unironically going to lead the charge of enterprise blockchain adoption. I went on at length about him. The LINK maries have Sergey, but you can't trust a fat man to be a proper nerd and it was our Sir Richard who was the real crypto autist who would probably mint more millionaires than anyone else. Then the next day he reveals that the announced announcement is that he sold the blockchain.

Maybe it will work out, but that will only happen if the news is that a bunch of banks are about to funnel a bunch of transactions through LIT. So not holding my breath.

>>23601920
Enough with this bullsiht

>>23595930
>more txs, Energy use case will still be going through the sidechain.

I couldn't care less if Tomo will improve the blockchain.

>>23601944
Goodbye frens

>>23601685
>cope
Not much else can be done until tomorrow

Anyone have that staking returns screenshot?

>>23601920
>its really bad. really really bad. stakers will be unlocking for the next year dumping on everyone for what richard did this past couple weeks.
Yep. I can't believe the best answer for LITION had to be a merger that had the optics of abandonment. Things seem to be improving. I can rationalize why this had to be the move for what they have planned, but if what they have planned is announcing a bunch of intentions (likely) instead of a bunch of financial tx (unlikely), then it's probably over. The market won't forgive that.

>>23602059
Yes!

>>23602103
There is one that shows the different % returns per staking length

>>23602013
hes still on board and still has "skin in the game" like he said. honestly i believe he didnt see himself like a sergey or vitalik or whatever for its own project and didnt think it was such a big deal for a lot of people that hes now listed as "advisor" instead of CEO. Probably doesnt know about how much people like him and attach him to the project. hes probably gonna explain more aobut what hes doing in the future.

>>23602120
its 1.2x 1.4x 1.6x 1.8x for 1month 3months 6months 12months

>>23602120
this?

>>23602096
Market schmarket.
If Richard can pull on Lition energy hard enough to get to 250k customers in 2 years then staking gains will be so high the price just has to follow.

>>23602059
From an old screenshot. I'm too demoralized to take a new one with current rewards.

Well if lition dies out there is still one upside, Adam will also be rekt.

>>23600831
Hit the nail on the head with soft exit scam. Look I know having a project that seemed good fall apart hurts, hell I went balls deep in Qash 2 years ago and got justed beyond recognition, but sometimes the writing is on the wall. Handing over your company to a 45 million marketcap Vietnamese project is not bullish by any metric possible and you guys need to accept you have been swindled

>>23602154
thanks friend

>>23602165
how much do you have staked

That's why you should never trust the Germans.

>>23602155
>If Richard can pull on Lition energy hard enough to get to 250k customers in 2 years then staking gains will be so high the price just has to follow.
Unironically another one of my copes, but short-term, there is no doubt I made a huge mistake buying up LIT this year. Got over $10K worth left staked that's going to be worth $1K by the time I can access. It may go back up, but we are in uncharted waters again after I thought we were in the clear. Fuck Richard and his autistic hype over what he KNEW would crater things for holders. I'll take it back if their AMA blows us away.

>>23602216
Richtard is austrian and not german.

>>23602172
Lition won't fucking die because of a new ownership that will spend a lot more time and resources on the Blockchain, than Lition ever could at the end. They had their hands tied around the energy market, and will now be able to focus wholeheartedly on that part. This is a win win for both sides and specially for us. Anyone who doesn't see that only wants to fud or shitpost. People are idiots.

>>23602172
This made me feel a little bit better thanks fren

>>23602172

TRUE. #worth

>>23602254
this. Idk how people are this fucking stupid. Its comical at this point.
Actually one of the major reasons why LIT has to decouple itself from the impact this board has on its price.
Richard and the gooks never even IMAGINED the affect ACTUAL REAL RACISM could have on the price. They dont know many people invested cause its been the white mans coin and all the nazi memes were pumping value. There has to be an exchange in ownership from sad racist frogs to people who dont give a shit where the TX rewards come from.

>>23602237
>Got over $10K worth left staked that's going to be worth $1K by the time I can access.
Not its not you fucking retard. Unless the energy market use case disappears overnight, the value of the coin hasn't changed at all

Why are you all fucking retarded

>>23602242
It's the same thing

>>23602237
What I don't get is how tomo/lit went from partnership to acquisition in less then in month. Wtf happened?

>>23602317
we legit all want to load up one more time before this 5-10x's

>>23602359
This

>>23601128
>The energy usecase will stay on the ERC-20 chain, and TOMO just bought the ability to bring every future usecase to the Tomo chain and generate value for Tomo there.
>Actually looking at it this way it's pretty good actually.
>Lition Energie stays ERC-20 and adds value to Lition (and basically Ethereum too) and all future usecases become TRC-21 and add value for Tomo and Lition.
>Richard figured he wasnt doint too well with marketing the technology to companies (probably failed with Volksbank Raffeizen and Lawpilots) and made this decision.
>This is the first time I have a positive feeling about this desu, senpais.

Just repeating this because I think some of you need some hopium rammed through your throats. This is not the end, my friends. In fact I think this is more bullish for Lition than for Tomo. Basically all value generation usecases will run on Lition and Tomo PLUS the energy usecase will run on Lition.
Wew lads.
Can you feel it?

>>23602390

>>23602317
Because they want to scare the weak hands away now, its their chance in case of the AMA being super bullish.

Lition energy use case is BOOMING, and will continue to do so, and will always go through the side chain, as Richard stated in the telegram answers. Anything else besides that is just a sweet bonus for me, who knows, maybe Tomo will introduce something entirely new that will increase the txs by 20% overnight. People need to get their head straight, I just wished I had more spare change so I could pick up on this dip.

>>23602309
How’s NEO doing, you gook rat huh? Hows NEO? You ratface cunt wasted 1 year of my life because your small dick chinaman had to eat a pergolin or a bat to get his dick hard

>>23602417
This guy fucks.

It was me, bros. I brought the price down. I'm sorry to say that I bought a small stack for the first time last night at 15c and I am cursed with every coin dumping right after I buy in. Sorry guys, probably gonna dump to roughly 6c~, I hate this voodoo curse that has been cast upon me, but it is what it is.

>>23602359
>They are pitching the acquisition as a power move on LITION's part to be able to handle all the awesome TOMO is going to bring.

>>23602438
im not chinese. please direct your complaints to https://twitter.com/ChinaEmbGermany

>>23602359
>Richard: Hey Tomo, you have the tech, and some asian gov and plenty of business connections that is not energy related.

>Let's say you take over the operations regarding the Blockchain, get some new use cases going and we will stay on point with the European energy business.

>Tomo: Sure, we have a lot of companies lined up that could be interested in working with us through your sidechain. What's the catch?

>Richard: All of the future txs must always go through the sidechain, and reward the token holders as intended.

>Tomo: Sure, sounds fair.

>>23602417
I actually really hope all of this is true.

>>23602487
lol

about to stake another 5k for 12 months
fuck the haters

>>23602487
>>23602546
>lol

Yeah, I tried to envision this exchange in my head and I just kept coming up with Richard soft exit-scamming us.

>>23602594
When I say soft exit scam, I mean that Richard didn't mean for things to turn out this way. But this is the best outcome for him and his family, and maybe the holders will be okay.

Or the AMA will make us all rich tomorrow.

>>23602390
This guy gets it. We are in a better position today than three days ago, after the AMA people will hopefully get it also.

>>23602254
Kek

>>23602661
I really hope so. It's all or nothing at this point. Anything short of amazing, life-changing news is going to have people already feeling rugged storming the exits. It's actually kind of exhilarating.

I would love to hear that anyone holding 250K or more is still around defending LIT here.

>>23602706
this has nothing to do with Lition. Idk why people are mentally unable to distinguish those two. Lition is not a energy coin or whatever.

>>23602738

Yeah. I am. So are several others. We are disappointed in Richard, but he made the right decision. He was incompetent.

WTFWT

>>23602637
>But this is the best outcome for him and his family
How is this the best outcome if they end up hanging from a tree in minecraft?

>>23602799
I believe all of this post. Thank you.

>>23598815
>Richard looks like a simp, matter of fact he actually looks exactly like that fucking tiktok feminist fag that is posted around 4chan
Top fucking kek

>>23602868

>>23601628
I know the Sergay betray meme but chainlink never pulled shit like this
Richard selling out the greatest anime betrayal of all time

>>23602765
It does not change the fact that lition Energy has a very tiny potencial at this moment.

>>23602914
>It does not change the fact that lition Energy has a very tiny potencial at this moment.
and how so? its not hard to get 200k customers for energy in germany thats not even the population of a mid size city here and they can sell to customers in the entire country. 90% of customers here are traditonally locked into their local supplier. theres a HUGE untapped market. its been a decade or more since you can freely change your energy provider and most people havent taken advantage of it yet even if its just a 1 click process these days online. like me fucking included. i havent done it and i could have saved money all these years idk why. i need to change mine tho for sure. mabye i switch to Lition after the AMA.

>>23599064
>His focus has only been on Lition Energy. Thats all. Nothing else
True. And this is why we are better off now

Token not needed? More like Richard not needed. Think about it rationally, what has he even achieved this year outside of his energy business? Mainnet got delayed after the first one failed, all whilst providing zero communication until a few days ago, funny that. No new use cases other than cockmosis who no one even uses whilst there has been no progress with Volksbanken or Lawpilots. Honestly if it wasn't for the Richard memes and our racism towards Asians would we even care he's stepping down? He clearly knows a ton about the energy market and it's economy, but its clear he's lacking when it comes to crypto. If SAP departed then that would be a problem, but they remain. If Lition Energy left completely then that would be a problem, but they remain. So when it boils down to it the big issue is Richard and Kyung are no longer being in charge of Lition.io but my question is: Were they even good at their jobs? And if not is a larger, richer company that specialises in Blockchain tech a better suited owner of this company? Tomo will have better connection in this space, especially in Asia and "if" Richard is still connected to Lition.io then we even still have the same connections within German Government, the EU and SAP etc. Not much has really changed so far when you think about it, and if anything the buy out could open many new opportunities. I mean they've bought Lition for a reason. I doubt Tomo can be worse.. I mean all Richard achieved was make his own business a use case. Other than that he wasn't able to achieve anything. Fuck Lego.

>>23602973
>True. And this is why we are better off now
But the shame stink...

>>23602999
>"if" Richard is still connected to Lition.io
he said he is
>then we even still have the same connections within German Government, the EU and SAP etc.
ofc we do. thats why TOMO bought.
And yes all this Richard personality bullshit here is cringe.

>/biz/ wants this guy as their CEO of gains
ever since i found Richards TikTok i lost faith in him

>>23603058
I unironically should have taken it more seriously.

>>23603058
>>23603079
Fuck off with your shitposting.

>>23603119
we are just having fun man. theres nothing else to do until the AMA

>>23602999

Agree. I think he knew that as well and made this choice. Good riddance, onwards and upwards.

>>23603146

>>23603119
Temper, temper. I'm rooting for our likely victory.

>>23603032
Just remind

He said also

"MAJOR EXCHANGE"

>>23603237
TOMO is definitely gonna list it soon. They are super close with binance for example.

>>23603032

Richards said a lot of things. What needs to be clarified is if he still has a % of ownership or is he now a paid advisor. The foremer means he'll be more involved in the progress of the Blockchain and the latter means he's an employee and ties can be cut at any time without it effecting him at all while he focusses on his Energy company. The value he brings is his current connections to Blockchain adoption in Europe.

>>23603270
I thought TOMO had already listed it?

>>23603284
he addressed it

>>23603294
yeah its listed on TomoDex but what i meant was is that Tomo is going to push for a listing relatively soon on more exchanges. They were already in negotiations with exchanges. Its not an IF but WHEN.

>>23603270
Just remind last community shill

"Tesla! Kraken! KuCoin! No binance it's shitty exchange!"

Stop make another Speculate dude.

>>23599563
Excellent work.
Keeping me calm amongst this crazy drama

>>23603348
i dont speculate. i read what they say.
see >>23595957
>"first step"
>"more will come"

>>23603237
He didn't, he just said they were in negotiations with some exchanges.

>>23603295

Not trying to argue but this doesn't say anything in regards to what his role is in regards to lition.io and that is what i'm saying needs to be addressed before we know the full picture of the future of Lition.

>>23603405
sure hes def. gonna expand on it during the AMA cause theres been so many question marks surrounding it.

>>23599647
You don't understand what rug pull means. They haven't rugged. At all.

Thread died so dumping here:

>>23599374
Dont listen to >>23599674.
Enterprise adoption wasn't happening. He tried talking Volksbank-Raffeizen into using their syndicated loan dApp, they tried lawpilots as well, they put a lot of energy into this but he came too much across as this autistic lego collectora that he is to close any deals with the exception of docmosis, a 3 people company that thinks blockchain is cool.
So he figured that now that mainnet has been delivered he'd just be wasting his time doing something he pretty much sucked at whilst what he really wanted is join his buddy Kyung and work on the energy usecase.
Meanwhile over in Vietnam, Tomo was shitting the bed. All the autistic nerds just launching on Ethereum because why wouldn't they.
So Tomochain bought Lition Technology AG and thus the intellectual property rights on the usecases already acquired by Lition. The whitepaper states that these are banking and energy usecases but perhaps in the meantime Lition has additional intelectual property rights.
Thus the energy usecase will keep running as an Ethereum sidechain backed by staked ERC-20 LIT tokens and will generate tx fees and will grow faster than it would have had without Richard working full time. They will also have to pay fees to Tomochain the company. Tomochain the company will also get LIT tokens that were held by Lition and will be able to stake those as they please.
This is how the energy usecase will benefit Tomochain the company. It will not benefit tomochain the currency as it will not run on tomochain but rather on ethereum.
Now Tomochain the company, will be able to market the Lition Blockchain and the Tomochain blockchain as a coherent package to provide to enterprises. If they succeed in winning any usecases they will establish these usecases as a Lition sidechain backed and staked by TRC21 LIT tokens. Thus these usecases will provide value to both Tomochain and Lition.

>>23603498

So to recap:
We win:
1) higher growth rate in the energy usecase thanks to Richard being able to focus there
2) larger chance of new usecases being rolled out due to a larger, more competent Tomochain team focussing on just that.
3) Tomochain Dex, kek.

We lose:
1) a sense of security of having Richard at the helm not wanting to screw over Kyung and the Lition energy usecase.
2) possible enterprise adoption of enterprises that require or prefer to have their usecase run on Ethereum and thus a possibility opening up for a competing GDPR compliant second layer to appear offering sidechains on Ethereum.

Lition the company wins:
1) A bag of money (maybe shares in Tomochain the company)

Tomochain the company wins:
1) Revenue streams from staking LIT
2) Revenue streams from intellectual property rights on usecases.
3) Big bags of LIT

Tomochain the chain wins:
1) to be able to offer enterprises an extra layer of GDPR compliant blockchain technology which Ethereum no longer can.
2) possibility of Lition income streams to be directed to future Tomochain only projects.

Tomochain the chain loses:
1) a whole lot of Tomochain the company money that would otherwise have been invested into Tomochain only projects.
2) Having to share value generated through future usecases, which will be a result of Tomochain the Team work, with the Lition blockchain.
3) Missing out on Lition Energy usecase value.

I actually think we pulled the longer end of the stick...

>>23603165
Another usecase could be turning on the ovens again and using fags like in the video for bio fuel

tfw staking isn't working because metamask is shit

>>23603324
>They were already in negotiations with exchanges. Its not an IF but WHEN.
I hear this with every shitcoin I buy into, but I hope you're right. I'll take whatever backstreet hopium I can get right now

>>23603579
lol you can basically pay to get on exchanges like many projects that just want to get pumped by chinese bots. its not an accomplishment to get listed. its just more of a risk cause it attracts volatility, investment and attention you might not want to deal with right now. similiar to how companies wait for the right moment to do an IPO.

>>23603498
>>23603536

Great post. Based.

>>23603400
They said a lot.
Important is what they do.
At this moment Richard sold blockchain to Asian copy/paste 1 Month after mainnet, so they planned that about few months. Now watch again AMA, check all him posts and try not call him liar.

>>23603691
>try not call him liar

>>23603691
Yep. Get called out for Richard worship, but his role and perception of coherence were important. This feels like a pivot-rug-softexit, but I hope I'm wrong.

New Thread!!!
>>23603728
>>23603728
>>23603728
>>23603728
New Thread!!!

>>23603498
>>23603536
High IQ post.

So why wouldn’t you just buy TOMO now since they got acquired?

>>23603836
>why buy LIT when you can buy Ethereum
basically what you are saying

>>23603836
The bigger question is, why should TOMO keep LIT running in the long run?
They could gutter them and build parts from LIT into the TOMO chain.

>>23603821
It really was.

>>23603882
That’s what I’m thinking too. Why would they keep both projects running?

>>23603882
>why would they upkeep something they bought
you're trying too hard, ranjeet, let it go

>>23603948
Fuck off, I am german.
That question was serious, why should they do it in the long run?
They could simply disabeling new staking and than gutter the LIT technology in a year for integration into TOMO.

>>23603882
>why should TOMO keep LIT running in the long run?
Because they own a lot of LIT and they spent millions literally for the sole purpose to use it.
>They could gutter them and build parts from LIT into the TOMO chain.
When will people realise that LITION IS NOW A PART OF TOMOCHAIN. Tomochain own the technology and the tokens that Lition used to hold. They are just as incentivised to boost LIT as they are to boost TOMO.

>>23603942
This is really obvious and has been addressed possibly 100 times. Tomochain is a mainnet, Lition is layer 2. These are two completely different things. You also must be aware that Lition is GDPR compliant which is something that Tomochain needs. I'm not even kidding this is extremely obvious and you shouldn't even be in crypto if you don't understand basic stuff like this.

>>23603836
why wouldnt you buy a fiat since they own maserati

>>23603993
Ask it in the AMA

>>23604167
Do they really need two different tokens for that?
I have my doubts about that.

>>23604276
Yes. You need a layer one and layer two. Tomo is layer one LIT is layer two.

>>23604338
I understand that you need both technologies, but I still believe that they could price them both with one single token.

>>23604215
This. And richard is a supreme engine builder who can make the best maserati engines ever.
However as a lead designer of the next maserati he was absolutely fuckin up the styling and suspension and said, you know what. Im just going to sell Maseratti to Fiat because they have people who know how to design the style and suspension of a car and I'll just go back and do what I do best, build the engine of the maserati, which will never be used in any Fiat ever.

>>23603882
>>23603993
eth/tomo is the app store, erc-token/whatever-the-fuck-tomo-tokens-are-called are apps

>>23604363
Then you have absolutely no understanding about the technology. You do need tokens for both because you need to incentivise nodes to be run on both layers.

>>23602886
I didn't see this one yet. Disgusting

>>23603882
Thats like saying: Oh I have Mercedes that rides smooth but its slower and I have Supra for when I want speed, so I'll just take parts from Supra and integrate it into Mercedes for both...it just doesnt work like that, plus why would you do something like that if you own both cars.

>>23604363
Youre a retard? Ah i get it now these retards dont understand how lition energy works haha yeve been looking at it for 2 years and never bothered to learn why the token is actually needed - all this fud the last day or two is directed at you retards that are easily shaken out of your positions FUCK ME good luck

This may seem negative but it's not. LIT stakers will benefit from every new usecase, that will now come more rapidly from TOMO's larger network/reach.

Lets be real, I like Richard and the Hyung, but it was literally just them and temporarily hired coders, they had trouble reaching out the big boys in crypto.

TOMO will make sure LIT gets put on Huobi/Binance if not only to pump their own newbought bags

>>23604939
Agreed. Withholding judgment till AMA.