/biz/ - Business & Finance

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.

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.

Guys I'm still holding but I have no idea what's going on

>>23603782
>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.

>>23603808
>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 ;)

>>23603728

OG LITEGEN's win. Pussy /lg baker roped himself.

>>23603842
Based and saved.
Glad to have you as a part of our team.

alright LITTY COOL GANG
Question:
>How are we going to deal with the bitches that gonna come crawling back into the generals after we take off?

>>23603880

>>23603880
I only bake /tg/s now

Is anyone else having issues staking right now

>>23604043
Thanks for playing!

>>23604076
Kek, i said it in the old thread.
My prediction is: TOMO will disabele new staking and than gutter LIT in a year for integration into Homochain.

Richard "liar" Lohwasser.

>>23603967
This >>23604109

>>23604043

>/tg/

Freudian slip confirms autism

>>23604137
>>23573128

I think people should be significantly more upset that the team lied about the number of transactions for 2020 in the whitepaper. We literally don't even have 100000 which is what they supposedly had in early 2019. Imagine where LIT would be with 1.5 million transactions in the energy sidechain? This is what people should be upset by, not the Tomochain acquisition.

>>23604175

G O O K E D

>>23604223
germany went full autism with corona. not many people thought about switching their energy provider.
>new lockdown starting Nov 2 btw
energy business still did better than most others cause people need it however changing providers in uncertain times like a global pandemic isnt much of a thing on a macro scale.

>>23604129
You got a good answer, yet you come over here crying what you're pea sized mind don't seem to grasp.

>>23604167
>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.

>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.

Buying. Havent read a single post or news article or even been on the site. But you guys have a general that isnt rari or link. Confirmed moon what else to say?

Over and out.

>>23604265
Bullshit. We don't even have 100k or 400k transactions in the sidechain and this should have been achieved in 2019 not 2020. COVID-19 absolutely does excuse their massive lies when it comes to transactions. They've also kept on saying that growth for the energy business is really good despite COVID-19. I can guarantee you are Hank Moody, Renew or some other telegram shill. This is absolutely inexcusable.

>>23604420
*COVID-19 absolutely does NOT excuse their massive lies when it comes to transactions.

>>23604420
they said they have 15k customers on the tesla pitch page and no im not one of those guys. idk what ur issue is nigga but i live in germany and business climate here is sad.

>>23604487
Do you plan to switch?

>>23604487
Do I seriously have to repeat myself?
>We don't even have 100k or 400k transactions in the sidechain and this should have been achieved in 2019 not 2020. COVID-19 absolutely does not excuse their massive lies when it comes to transactions.
We should be somewhere between 400k and 1.5 million transactions. The fact that we are STILL below 100k which was the absolute bare minimum number that they provided is ridiculous. We should have been at 400k before COVID even was around. The team have continued to say that the energy business is doing great and has largely been affected by COVID. Richard said that they are still on target for their customer goals in May this year. And if you looked at pic related they were on target to reach 1.5 million by 2020. There's a massive difference between this and 50k. Stop excusing this bullshit.

>>23604733
Richard said they already had enough to give 20% staking gains and that there were a bunch of transactions still on the centralised private ledger.
So that should work out at about 190k transactions.

>>23604677
Yeah but I can't I'm in debt with my old one atm kek. I hate energy utility companies so much.
>>23604733
Probably the reason Richard is focusing 100% on the energy business now which is great.

>>23604769
>Richard said they already had enough to give 20% staking gains
That's for the nodes vested onto the sidechain. The LPS isn't vested onto the sidechain. Everyone right now is getting more than 20% no matter where they are staking. That's what Richard meant.
>and that there were a bunch of transactions still on the centralised private ledger.
The ones on the sidechain are "dummy" transactions. Transactions won't be "added" but they will replace the existing ones. We've been given no reason to believe that they will be significantly higher or higher at all. The dummy transactions would be similar in volume to the real transactions.
>So that should work out at about 190k transactions.
I've already addressed why it's unlikely that there will be but we should have been at 400k transactions in early 2020 anyway. Stop excusing the team for being misleading.

>>23604733
I'm a bit confused, which numbers are you comparing/where are you getting them from?

I only have seen customer goals, but not transaction goals.

Richard with the unexpected heel turn. You hate to see it, but we have no choice but to move on to support our new bugmen overlords

>>23605029
They gave transactions targets in the whitepaper. It's like page 25.

>>23605093
Based and Pan-Eurasia pilled.

>>23605093
Im unironically bullish and expect a recovery as soon as the weak hands are out. Regarding tomorrow AMA it can go either way. Im still going to hold and stake for the passive income generated by real world applications. I don't care if its Tomo or Lition alone who achieve this, but it's still nonetheless a rare sight in crypto.

>>23605246
I"m holding an eth for tomorrow just in case it drops

>>23605246
>>23605263
Based and me too.

I don't feel so good frens. I am all in.

>>23605246
Richard (now Richtard) had weak hands, reason why he sold.

Keep dropping I want more litties

There's no way people gonna sell big bags at 11 cent tomorrow lol. If anything the ones who sold are watching the AMA and buy in again the moment they hear good news. Yesterday and todayhave been the the worst days of FUD.

>>23605672
This.
I bet based Long will support the market with his Dong.
>picrelated

>>23605642
Go all in already you faggot

>>23605718
L O N G D O N G
O
N
G
D
O
N
G

>>23605672
I feel like the chances for no tangible news are pretty high..

>>23605573
Not really. Let's say you promised to build a amazing table to the king, and you are a very skilled carpenter since many years back. You have many years of knowledge in the fields and are up for the task. However, during your years of expertise you wanted to also build the tools used to build the table, in order to make the table even more magnificent and unique.

You build the table, and it was a success. Now everyone wants the table and also the tools that made the table. However, you realized along the way that you were not a blacksmith, but a skilled carpenter. You even got a bit lucky with the tools you made, to make the table that everyone was so pleased about.

So you make a deal with the local blacksmith with connections far across the kingdom. You give him the blueprint for the tools while continue to build your tables, which is now also on order from empires far across.

And in the end, both got rich as fuck because of each other.

Here's your bedtime story, you get it now?

>tfw no tomochain marketing qt asian gf
why even live bros

>>23605672
>buy in again the moment they hear good news
When will people realise that we already have the news? This AMA is just to clear things up.

>>23605813

She looks like a japenese jump scare

>>23605887
>This AMA is just to clear things up.
Which is desperately needed cause there's so much misinformation atm and a lot of people sold based on blatant lies they read eg "hurr durr lit token gets deleted" type of bullshit

>>23605813
So is she our new tg trannyjanny? Did Mark get JUSTed or will he retain his janitorial duties?

>>23605955
Fudding is fun.

>>23605887
The event that has never taken place be for to such an extend can't be the acquisition. The "not to such an extend" wouldn't make sense. I think it has something to do with the central banks thing on the website.

>>23605944
>>23605995
>SHE
UH OH SHITTY LITTIES

>>23605813
Is she now our new bully gf? Like nico for stinkies?

>>23603801
I'll break it down as simply as I can:

This happens with companies in the stock market all the time and always pumps the value of both the buyer and seller in terms of companies. At the end of the day, that's exactly what this is: one company not even buying the other, just buying the technology that the selling company (Lition) is selling. If this were happening with stocks, LIT would be the pennystock on Robinhood that nobody knew about going from .17 cents to $3 per share in literal seconds.

But because it's the cryptosphere, the general crypto consumer just spastically starts spitting utter nonsense. And add to it that the crypto community is so small (when compared to stocks) every voice no matter how good or idiotic, is amplified 100x over. Basically Twitter, but the people here actually have money instead of green female mohawks.

I said it in a few threads already, but it's more business than shitcoins. Richard is an actual CEO that has employees to take care of, and a company as well. He wants to further the advancement of the company, which the LIT token is still woven into, by selling the technology to another business. Who's to say this isn't bullish for any other actual companies that want to buy such a technology? We'll know more after the AMA, and I hope someone can ask him since I'll definitely be working and will have to catch up, but calm down. FUD is just that: fear, uncertainty and doubt. You're playing yourselves. Just hold, and ask the real questions tomorrow when you have the opportunity, and certainly it'll be clearer. If you're not sold on what they have to say, then dump it and move on.

>>23606026
>extend
1: to spread or stretch forth : UNBEND
extended both her arms

>extent
1a: the range over which something extends : SCOPE
the extent of her jurisdiction

>>23606147
All the highschoolers who think stock/crypto trading is painting lines on graphs are too retarded to think

>>23606026

As you can see in these tweets:
>>23605093

The are talking about a new concept never seen before in crypto (at all). Pretty sure, that it.

>>23606147
High iq post
>since I'll definitely be working
You sound like someone that has a job unlike some of those Telegram trannies.

>>23605995
>>23606125
God I hope so, maybe I can woo her with my shitty trc21 wrapped litty stack

>>23606217
If it's just a concept it's over

>>23606147
You can and should already ask your questions in this twitter feed:
https://twitter.com/TomoChainANN/status/1321446594303062016

>>23606026
There has never been a highly scalable combination of both layer 1 and layer 2 blockchains under one ecosystem.

>>23606266
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>23606035
I coomed to trannies a few times anon. Be rest assured that this is a pure 100% female, and now my new crypto waifu

>>23606266
Yeah duh all this shit is super new.
Three years ago ethereum got clogged because of cryptokitties.
That was the level of state of the art blockchain tech back then.

>>23606253
All of the questions are shit. This ama is gonna be a disaster

>>23605794
If they sold it to Eth, Baseline, Link sure you story would check out, Homo chain is nowhere close to "connections far across the kingdom", if they were, they'd be top 10 by now.

>>23606355

There is nothing gay about beautiful asian bussy ok

Were we too cocky litbros?

>>23606147
With stocks, the one being bought out basically automatically becomes equally valuable as the sale price. For example, company x buys out company y, which is worth 50 million, and has 10 million shares ($5 per share). Company x pays 150 million for company y, basically making every share worth $15, because shareholders literally own the company, and they're the ones getting paid. (Sometimes the company who's dumping might fump if the purchase is seen as a bad investment, but the other company basically always pumps, and ceases to exist)

With crypto it's not so simple. I don't even exactly know what was being sold but whatever it was my LIT tokens didn't give me any ownership stake in it and thus no profit from Richard selling.

>>23606561
>Were we too cocky litbros?
Some of us really believed we were gonna have an AMA with the new partner Elon Musk. Too cocky.

>>23606561

No the fud is either coming from people wanting to buy the dip or they're just bored. Personally I just exaggerate whatever the general mood is and fud or shilling is fun. Most fud is obviously people just having a laugh but most LIT holders have autism like Richard so spurge out at the most obvious bit of banter.

>>23606355
>I coomed to trannies a few times anon
Bullish

>>23606614
You're too short term minded.

>>23606561
No.
Laying off all the memery, Richard wasn't all that good at his job.
>>23602999
>>23603498
Now I'm long Long.

>>23606400
Fuck off. My question is brilliant.

>>23606637
>Some of us
>us
You mean TG trannies.

>>23603728
Stop dumping!!!


RRRREEEEEEEEE

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
i'm now in a new private tg fud-group called shition.
HAHAHAHAHA
all tg normies will fall for our false fud. i'm so bullish on shtion after the fusion with tomo.
HAHAHAHAHAHHA

>>23606789
This general seems really active atm!

>>23606427
This!!!

>>23606789
Thank you for pwaying!

>>23603728
Imagine not selling before the big dump after the AMA

>>23606824
You guys should maybe ask a question.

>>23606733
I bet Long Vuong has a long schlong.

>>23606868
Don't have twitter I hate normies

>>23606852

Kek

>>23606813
this is an even bigger LARP than the tumor.

>>23606813
French anon anon isn't in the group

>>23606731
I was just comparing crypto to stocks plain and simple

>>23603728
we better get going, I bought a stack at .11 just now

We desperately need more wallets and LIT holders. It can't be that a few TG trannies and shitposters have so much price impact.

>>23606961
Which one's yours
>>23606814

>>23606253
>What is Lition and what benefits will users receive?
>why tomochain acquire lition ?
Do people really not know how to use google? Why ask such retardedly basic questions? I'm led to believe this is the train of thought of pajeets

>>23606614
Well, in that case we're about to find out because this is definitely uncharted territory. I can see your point about actual ownership of the company in terms of stocks, because a token doesn't offer that same assurance. But on the flip side of that, crypto is a 24/7, 365 day a year market. There isn't an "after hours" where insiders manipulate the living shit out of an asset and trade based on insider info. In that sense, everyone has an equal opportunity to buy and sell based on the information at hand, no matter where on the planet it comes from.

For example, in stocks: You and I hold 1000 shares each of company X. Company X is going to announce a massive shift in ownership but announce the move after hours. This gives insiders ample time to dump the price to the point of no return, while you and I just watch the price (say we bought at $5, currently worth $10). 9 am rolls around the next day, and while we went to bed with our shares worth $10 per, now they're worth $2, and continuing to dump with all the sell orders mow going through.

I'm still bullish on even the worst case scenario with this acquisition, because legally TOMO is now bound by law to compensate LIT holders if they wreck the technology thanks to the GDPA compliance they also aquired with purchasing the blockchain. But I'll hand you this: we're definitely venturing to a new frontier in this relatively young sector of the market.

>>23606614
>Sometimes the company who's dumping might fump
Wtf I meant to write "sometimes the company who's buying might dump", damn phones

>>23607030
This is bullish.
This shows that Tomo has already mass reach among NPC's.
There are way more NPC's than there are of us so an influx is imminent pushing price higher.

>>23606614
Cope. Poorfag logic

>>23607046
And I'll also add to it that whether this is is insanely great or terrible for LIT holders, it's for sure going to set a precedent for the entire market going forward. We won't be the only ones watching the end result of this alone with our bags for sure.

>>23607030
>What are the plans after the acquisition and after the acquisition?
Best one

>>23607120
Bullish for TOMO, not LIT idiot

>>23607046
>There isn't an "after hours" where insiders manipulate the living shit out of an asset and trade based on insider info
Yeah, on the other hand there's much more shady shit going on in crypto because it's such a legal gray area.

>>23607120
There are a large amount of repliers with anime profile pictures, though. That's bearish. Though I am still bullish on the project. Mass reach is looking decent in regards to NPCs and I suppose NPCs buying into it isn't bad for us, anyways.
>>23607155
Kek, I seen that one. Also
>Also, can we expect some 'Tomochain is LIT' t-shirts anytime soon?
>Is Richard a real Doctor?

>>23606924
but how do you know this? it's a private group, only members see who's in there.
... and by the way: don't be so naive and think that i have only one tg account.
hhahahahahhahahahhahahahahaha
spreading stupid fud on tg and on 4chan with my stupid army.
hahahahahahahhaha

>>23607144
Are you just blindy throwing around FUD because I wasn't really saying anything positive about LIT in that post

>>23607120
>This shows that Tomo has already mass reach among NPC's.
Not it just means /biz/ is full of genuinely stupid people.

>>23607282
Most of the dumb questions about LIT are from the TOMO community. It's a Tomo account tweet. They don't know about LIT and what it all means.

>>23607219
This is the kind of deal where legal ramifications start being developed, and oversight of some sort in general. Obviously it is subjective as to whether one person or another views that as a good thing (good for you and me, terrible for booba.finance "devs").

Btw I'm getting targeted SAP ads now lmao

>>23607304
I'm interested in seeing if Tomo holders will pump LIT.

>>23603728
LIT and SAP integrations was a meme. We're all fucked LIT bros.

They were acting so smug about the announcement.. And the exchange listing which they said was going to be a CEX.
Might not be over just yet but we are going back under 10c right after the AMA.
I though I was smart after I swung and increased my stack by 20% but it turns out I'm a retard who doesn't know when to bail.
Buckle up Litbros, rough times are ahead.

>>23607370
Poorfag cope. That makes no sense.

>>23607392
>which they said was going to be a CEX.
They didn't. Watch the AMA.

>>23607392
I think Richard might actually be autistic enough to believe this would seem bullish to the community and didn't expect the huge backlash

>>23607392
The CEX listing was unironically TomofuckingDEX.

AAAAARRRRGGGGGHHHH

>>23607419
>haha poorfag cope cringe dilate seethe have sex rugpulled bogged the absolute state

ONE OF US! ONE OF US!

We just going to ignore the fact that a stiff breeze can move the price in any direction? What are the top 50/100 holders doing?

>>23607490
Right. I'm a seething LIT bag holder. I have to stop listening to Biz shills.

>>23607392
Same kek, swapped my QNT for more LIT during the dip what a fucking retard

>>23605672
i dont feel sorry for retards that got FUDed and sold and buy back in at a loss. i dont feel bad for them at all. i relish in their brainlet pain. Like a dog unaware of his affliction and mortality as he draws last breath in fear and confusion. these people are under developed simians.

>>23607499
They'll probably unload their bags after the AMA

hahahahahahahahaha

>>23607419
>>23607519
>>23607575
>seething hard

>>23607594
The LIT team betrayed us bag holders. I feel like a goober right now.

>>23607663
thanks for supporting our false fud, want to join our group? just contact S J on tg.

>>23607593
You do realize that this is indicative of either
1. You being too stupid to buy when the price was low.
Or
2. You being so pathetic that you actually spend time fudding cryptocurrencies on /biz/ for fun instead of doing something productive with your life.

>Poorfag cope
You guys are way worse at fudding than mikefromdump, at least he puts some effort in. You do know that an important part of fudding is not telling everybody that you're fudding, right?

I'm staked for 10 more months, hopefully my ~70k stack will be enough for a gun with a bullet, I'm too much of a pussy for roping boys.

>>23607717
Exactly. They're FUDing, yet they haven't unloaded their bags.

>>23607717
You are so out of touch. The LIT team betrayed us. We got bought out by Tomo. The big CEX announcement was fucking TomoDex. It was all setup for the team to sell at the top. Now they are trying to do damage control by a shitty AMA.

>>23607165
>>23607264
>>23607282
Look at you guys taking my comment all serious and all that.

>>23607837
I can't unload my fucking bags because of the stupid staking

>>23607696
ah, sry... contact @IRSjohn, thanks.

>>23607419
It does.
Tomochain has a couple of thousand crypto investors that had never heard of LIT before and suddenly will know what it is about.
Our biggest problem before was exposure and this is basically free marketing.

A year from now this thread in the general is going to be looked back on big-time.

>>23607461
Yeah this.
I'm rather sure of it.

>>23607861
They are still asian and no real people.

>>23607861
Haha. Keep dreaming LIT bro. I just don't see it

>>23607481
USDT trading pair, bitches.

>>23607717
But price is low lmao

>>23607898
>>23607946
I'm not saying it's going to be a massive boon, just a small trickle, but it cant be a negative trickle.

Sorry bro's but the ama is just that, a time for questions not new announcements, if you expecting anything positive from it you'll be disappointed, the only thing stopping the price from dropping sub 0.5c is people staking

>>23607881
Probably as "god the writing was on the wall why the fuck didn't I sell"

What all of you aren't considering is that ftp is actually bullish on this acquisition. Earlier this year the volunteer dev team had pretty much given up on the blockchain until ftp came around. He singlehandedly took over the project and solved the consensus issue. We wouldn't have a functioning mainnet if ftp hadn't swooped in at the last minute and saved us all. If this literal crypto genius is still onboard and bullish, I'm all in. Just bought another 200k.

Ah the FUD fags are back. It really is literally just Mike and probably that fucking Biden voting NEET nigger Trevor. Nobody gives a fuck.

>>23607267
This is a fake Mike

>>23608088
Based, apt and checked

Mikes FUD might be the most vibrant buy signal in crypto. If he's gone we gotta be concerned. As long as he spams his bullshit he clearly believes he has to step in to prevent us from winning.

>>23608083
This. I'm so fucking hurt right now and I can't do a thing but watch. Why did I stake this fucking shitcoin is beyond me.

>>23608088
Top fucking kek

>>23608251
30% APY man, can't lose.
It's going to be $10, nay $20 bucks when you unlock.

Is there anything more that they're gonna accounce tomorrow? Or it's just an AMA for damage control and we're supposed to coom for the acquisition and tomodex.
Before the announcement they mentioned that the site redesign would be directly aligned with the coming news,
but that banking usecase proof of concept doesn't mean shit over there, just like the tesla pitch page.
We're literally at mercy of this AMA to be at least communicating some actual progress towards something big that depended on them acquiring Lition, otherwise we'll see what a real dump is when the top wallets sell the rest.
Ironically the people who believed in the long term success and staked their coins to support the project are the ones who are going to get completely obliterated.

>>23608088
Ive seen him post on the telegram channel, including some shitposts between him and mike in previous litgens and what your basically saying is that this shitposter who isnt an admin on the main tg group is a contributer to the blockchain development of lition?

>>23608323
>we're supposed to coom for the acquisition and tomodex.
Correct

>>23608323
We've already had the announcement. The AMA will just give us more details about the acquisition.

>>23608323
>are going to get completely obliterated
God I wished you whining nancies would be unstaked so you could drop it back to 2 cents and I could fill my bags once more.

Look Einstein, Enterprise adoption wasn't happening. He tried talking Volksbank 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 in Vietnam, Tomo was shitting the bed. All the autistic nerds just launching on Ethereum because why not.
So Tomochain bought Lition 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 some others as well.
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.

So that major exchange was confirmed to be tomodex?
And the event never before seen in blockchain was GDPR compliance?

WTF I got fucking scammed. Fuck you Richard you clearly overhyped the AMA so you could dump on us.

>>23608350
This is why we should never have shilled outside of our generals.

I can tell most of you weren't holding through the first failed mainnet.

What a clown show xD
I can't understand how someone can belive in this FUD.
It's pathetic.

Weak hands should reinvest in
.finance or xrp.

>>23608635
>And the event never before seen in blockchain was GDPR compliance?
No. You're emphasising my point here (>>23608641).

>>23608632
You are based but they don't deserve this

>>23608635
>major exchange
He never said that, he even tried to downplay it a bit by saying no it's not binance. Otherwise everybody would hype it was binance.
People just jumped to the second biggest exchange they could think of though...

>>23608641
Kek
>>23608350
Lurk moar, faggit.

>>23608663
This, OG meme's represent.

>>23608632
Thanks for the hopium
we'll see what they have to say tomorrow

The price is literally ridiculous low right now. Remember how you faggots were taking about how Lition is the most undervalued project in crypto.

GUESS WHAT IT STILL FUCKING IS - EVEN MORE NOW.

Holy fuck. All these brainlet FUDDERS and those that fell for them please sell your bags and leave. This is embarrassing.

>>23608632
Thus being able to provide an alternate platform to build as an alternative to ETH, if I'm reading this correctly (and correct me if I'm wrong). When you put it like that, it sounds like we're about to finally take the first step toward breaking free of the ETH miners and the extortion called the (((gas fee))).

Here it is folks. Your working layer 2 solution is potentially on its way.

All the spergs saying just last week how they're staking to save them from themselves will be thanking the versions them from mid October 2020 by this time next year.

>>23608735
True.
I also farm their panic volume by providing liquidity, basically cashing in on their tears.

Huge respect for Gokira having the patience to deal with LITERAL retards on telegram

>>23608663
Based.

Not sure if anyone posted this here yet but yeah Chainlink is linking lition

>>23608880
Aren't we all?

I have never felt this emotionaly involved in a fucking shitcoin. Fuck you Richard for playing with my heart like this.
Anyway, I'm confident we will see a pump at some point, no reason to buy a project just to loose money

>>23608863
This.
Basically all of the price speculation was based on the energy usecase and its transactions and transaction growth. All other usecases were just an extra that nobody really took into account.
Well guess what?
We still have the energy usecase and we have a higher likelyhood of usecases actually materializing.
AND price is fucking 40% lower.
Kek you retards.

>>23608945
Where did you get this from?

>>23608945
OOoooh boy.

>>23608945
When this gets finalized, the token price of Lition won't matter as much for stakers. If the ship sinks, we receive more on the daily, if it sails we receive less. I have been waiting for this, also the reason why I'm bullish no matter the token price.

>>23608777
Checked

>>23609062
I had expected that it was going to be a price oracle to set the gas fee to 0.xxx LIT which is then exactly 0.01 usd

>>23609068
Based oldfag

>>23609199
Exactly. That would scale the daily rewards to the price of the token, at least that was Richards vision. It has not been implanted yet, but it should in the near future.

>>23609043

Spotted it on Twitter in another post.. think nobody checked yet.. but it was obvious it was going to be Chainlink

https://github.com/smartcontractkit/external-adapters-js/blob/6f9e74648a29fc4be6fea11455e28be597b81991/CHANGELOG.md

>>23609204
Staking has saved me from capitulation before. I hope it saves a few anons again.

>>23608863
I am not braindead, fudding is just fun.

>>23609365
Based. Stinky linkies and shitty litties are frens now.

>>23609531
Yes for a brief moment in time, yes.
The shifting of the board is inevitable though.
Can you feel it, anon?

https://github.com/smartcontractkit/external-adapters-js/blob/6f9e74648a29fc4be6fea11455e28be597b81991/CHANGELOG.md


Chainlink partnership confirmed

>>23609644
>>23609703
Hopium

>>23609703
A Chainlink partnership isn't something special anymore.

>>23609753
Special or not, we know for a fact Lition will keep going :)

>>23609753
What do you mean? It's more special now than never since LINK is now a household name in crypto

>>23609782
No sane person has ever suggested otherwise.

>>23609703

>>23609830
Chainlink merely provides a service through their oracles.
There's no more to it than that.

>>23609753
This half the cryptos will be 'partnered' with chainlink its the equivalent of saying your partnered with microsoft because your company uses windows

>WAAHWAHH THEY WILL KILL LITION
>Chainlink confirmed
>OH BTW THAT'S NOTHING SPECIAL

the ride never ends with you faggots. Now that you know the Token won't go away Chainlink bad. What's the next FUD?

>>23609753
>mfw this was foreshadowed

Lition using Chainlink is good for Chainlink but it doesn't really matter that much for Lition.

>>23610021
And what I mean by this is that Lition is using Chainlink's services but not the other way round. Obviously chainlink is more important than Lition at this stage.

Chainlink is now being used by the fastest growing utility company in all of Germany.
Good news for chainlink desu.

>>23609983
Theres a mountain of FUD and no positive news, have fun staking something thats worth an order of magnitude less each month

>>23610011
How did he know lads?
>>/biz/thread/23309713
>>/biz/thread/23340192

>>23610062
I'm just laughing and you FUD fags and your mental gymnastics. No matter what happens it's all bad with you guys. We went from "LIT tokens all get deleted by chinks" to Chainlink Partnership bad.

>>23610062
This. Another dump, this time on Bilaxy.

>>23610140
Next up "Mr Long does not have a long schlong".
Disgraceful and inaccurate.

>>23608285
I doubt it when TOMO bought them out. LIT will be phased out to oblivion.

Holy heckerino they are really gonna PARTNER up with Chainlink? THE CHAINLINK? WOW that makes everything good again!!
We on a MOON mission now!

>>23610242
Oh wow I really said MOON mission heh, of course I meant we're on our way to Andromeda! Nothing will stop this!

Nevermind the LIT GETS DELETED FUD is still alive
Any day now you fucking schizos

>>23608984
Poorfag Cope

>>23610021
This!!!

>>23610140
Chainlink is the standard, there is nothing special about using it.

>>23610187
>>23610188
>>23610233
>>23610242
>>23610268
>>23610273
>>23610298
>>23610327
>discord trannies

>>23610358
The point is that schizos are claiming TOMO will just delete Lition the Token and with it all our money. They been FUDDING this shit since the announcement.

>10 million marketcap
>fudders yells scam

i've seen obivious pajeet uniswap rugpulls at 100 million marketcap and i cannot believe how low mc lition has considering that its legit not a scam

>>23610114
Cause they told in the ama..

>>23610371
In denial.

>>23610371
thanks for the (You), you absolute delusional piece of gook sucking trash

>>23603728

>>23610443
Like I said. I can tell a lot of you weren't around for the first failed mainnet.

>>23610443
>>23610475
Sorry I hurt your feelings, don't you have a job to go to this morning? You know like something more meaningful than name calling on a anime forum?

>>23610479
>pic related
Some clear manipulation going on

>>23610371
Cope. In a state of delusion.

>>23610383
In all acquisition, the one being bought out always gets phased out. Common sense!!! brainlet

>>23610554
I can't tell if you're being sarcastic but if you aren't with this
>In all acquisition, the one being bought out always gets phased out. Common sense!!! brainlet
Then you're unbelievably retarded and have no idea what Lition does.

>>23608641
>>23608777
nice trips but
>hurrr durr I know every autistic poster on this Mongolian basket weaving forum
searched through all the tg posts and the nigger is some web dev. Your bullish cuz some web dev jock is bullish, you guys are retarded (still all in)

>>23610607
It does not matter what Lition does. It's what Tomo does now. Delusional. Do you not get it?

>>23610607
Just ignore these mentally ill faggots. They have a FUD discord and FUD TG now and come here to post unbelievably stupid shit like this as if anyone falls for.

>>23610646
No ftp, is a fart sniffing narcissist who proposed to fix the blockchain for them. Lel. Original post made fun of him, not actually being bullish.
Hence lurk moar.

>>23610720
lmao I truly see now

>>23610654
You continue to prove that you have no idea what you're talking about. You know all of the 4chins buzzwords but you clearly are too stupid to make a coherent argument. Your group's fud is low quality.
>>23610686
I know. I just like to hurt their feelings.

I understand how this could be bullish but fundamentally I still feel betrayed. Why did it have to be Tomochain? I would have been fine with Tezos or some shit but we’re now completely at the mercy of some shitchain CEO who could steal the tech or phase out Lition as he pleases

>>23611023
Cope. Seething bag holder.

hello sirs i am looking for discord invite to fud discord

>>23611076
this
>we're getting listed on a BIG exchange!!!
not only is it an irrelevant chink exchange, they sell the whole fucking project

>>23611216
Sent you a 4chan dm with the link

>>23611235
>TomoDEX

>>23611200
>21 posts by this ID
You're the one seething here. It's pathetic that you have no response when your shitty fud falls apart. All it takes is a person to have the lowest-level understanding of Lition's function to understand that your fud is shit. Clearly you can't grasp whit Lition does, and therefore are a dumbass.

>>23610646
ftp has nothing to do with either of the posts that you responded to.

>>23611235
>>23611353
This!!!

>>23611398
Cope. Get out of your emotionally ties to a shitcoin. You got rug pulled and it's as clear as day right in front of you.

Waiting for the AMA. If I don't hear anything useful, I'm swapping my stack for TOMO.

>>23611716
I got a "make it" lel bag staked for another few months. I'm prepared to watch its value drop to $6K.

Based Richard saving all these people staked from panic selling.

>had a choice between Lit and Hex
>got Lit at 17 cents because I hesitated
>now at 11.4
>major fud about chinks owning the entire project now

A-at least it's a longterm h-hold and Hex isn't performing well either.

>realizing that even if crypto in general isn't a scam it's disappointing and shitty

>>23611857
LIT will be worth toilet paper by the time people get out of staking

I posted this on the 25th...

this team have no track record of baseless hyping and it would be very uncharacteristic of them to hype these upcoming announcements in they way that they have if the what will be revealed will fall short of how they described it.

>In the next two weeks "very, very special unique news" will be announced for something that has never been done before in the "blockchain sphere". This will be announced with Lition's partners and will include a redesign of the Lition website.

this is very bullish talk. If the announcement turns out to be disappointing and indeed not as described, this will be very bad for lition. i would anticipate a lot of lost confidence and momentum.

I believe the upcoming announcements determine the entire future of this project(of which i am heavily invested in, make no mistake). If the announcements are as bullish as they claim, our ascension into the top 10 can officially begin. It will certainly be aided by a genuine 'major' exchange listing, as they have described. If this exchange listing turns out not to be 'major', once again this will be a poor reflection on the team. Richard already expressed in the AMA that 'market liquidity' is a top priority for Lition, now that the mainnet is active and functional.

The huge potential of this project is available for any and all to see. It is known and established. But it's the men behind idea's that count. I am betting on the character of Richard and the Lition team. I hope they dont let us down.

The level of cope in this thread

>sold to chink scammers
>exchange is tomodex with no plan for future exchanges
>energy transactions are nowhere near what was hinted at

Nah man this is good for lit

>>23611983
I crabbed between 16,17 and 12,13 for a while. Yesterday it pumped from 11 to 16 in 2 hrs. It's not much. Some good news and this is stable above 15 again.

>>23612022
>sold to chink scammers
Not chinese. Evidence of TOMOCHAIN scamming plz I'll wait.
>no plans
Yes Richard specifically said they were in talks with exchanges and there will be more
>energy transactions are nowhere near what was hinted at
Not all targets get reached. Still 20% APY from energy TX alone according to Oct 15th ama.

>>23612013
I was fucking right Bros and not in the way that I wanted to be. We're going to all time lows. This could be the end.

The fact that the acquisition is an 'undisclosed deal' makes me very bearish. Leads me to believe Richard just dumped his bags for whatever scraps Tomochink could scavenge from the project.

>>23612024
I actually prefer it to stay down or have stable dips and pumps in a generalized range between 10-20 for a while, since I can accumulate. It's just that if 1/100th of the fud is true it might fuck the project entirely, which is annoying because I'm just trying to get that magic make-it stack and prepare for the pump to 10bux in the next GBR when linkies go to 1000.

>>23612022
>>23612024
Unbelievable cope. Rope yourselves

>>23612013
>this team have no track record of baseless hyping
But they have multiple times. It's just telegram shills refuse to hold the team accountable. Also the announcement has already happened so stop getting your hopes up.

>>23612022
>sold to chink scammers
Not scammers
>exchange is tomodex with no plan for future exchanges
They have plans for future exchanges.
>energy transactions are nowhere near what was hinted at
What?

>>23612076
>Still 20% APY from energy TX alone according to Oct 15th ama.
Yeah but only because the price is so low.

>>23603728

Still can't believe TOMO bought this, the absolute chads.

>>23612170
oh noooooooo the lits im going to sell for $100 in like 2 years are currently cheap.

ur super gay btw

>>23612308
I care about the transactions not the price. My point was that you can't claim the transactions are close to being satisfactory and that the team haven't been completely misleading about them by using the ROI. Literally the only reason why the ROI is so high is because the price is low.

>>23612372
That's how it works. Its will be based in a %.

>>23612145
The fudders can't into sarcasm and are now arguing with other fudders. You people are completely retarded kek.

>>23612526
No. Staking rewards are based on the dollar value of the transactions and are not influenced by the price of the token.

what lit price do u need to LDAR for life?

>>23612530

>>23612553
At the moment they have a fixed reward of 0.1 LIT per transaction. It's hard coded. It's not what was intended in the white paper, but it is what it is.

SHITION

>>23612788
>SHITION

>>23612757
Yeah it's temporary. Transactions fees will reduce once they sort it out so it actually proves my point even more.

The fact that this coin is dumping on the news confirms that 99% of crypto investors are sub 80 IQ NEET's.

If this happened in any kind of stock, it would be seen as a wildly positive thing.

>>23613329
It's just subhuman IQ retards selling at 11 cents. Bags are getting picked up by smarter money which is a good thing.

>>23611235
Exactly, I absolutely cannot understand how this could be seen as bullish. Tomochain are in the exact same position as Lit, a small project out of thousands of shitcoins hoping to be the next big thing. There is ZERO reason for an acquisition instead of a partnership. If it was like a Top 20 project then yeah the optics are better, but literal who buys literal who makes no sense. The only logical reason is Richard wanted to wash his hands off the project for what I can only imagine is future proofing himself against any potential legal difficulties when Lit inevitably flops like 99% of projects

>>23613378
No its not.
Tomochain is better at convincing enterprises than Richard the autist. But richard the autist will make the energy case run better.
Our Maserati will get AND a better engine AND better suspension and styling.

>>23613701
This is all so fun. Reminds me of early chainlink days. People speculating all over and fud all over.

The fundamental questions is:

Will Lition continue to grow and by grow we mean, will more enterprises and use cases be adopted on the Lition mainnet, adding to total transactions and increasing the rewards for stakes and the value of the tokens?

This is really the only thing that matters, but the deceptive manner in which Richard left the project has left a very bitter taste in my mouth and suppressed my optimistic outlook.

I might have to change my mind about Lition's telegram group after seeing the complete mess that the Tomochain channel is.

>>23614243
>the sneaky way he left the company

>Richard Lowhaaser, CEO of a multi million dollar corporation and provider of energy solutions to clients all across Germany as well as expanding his company to a global scale, is beholden to consult his business deals to be confidential for both buying and selling parties , to a group of TG trannies and anime loving cartoon frogs beforehand so they're feelings don't get hurt about the bold new direction he's taking his company

mfw putting the past few days into context

ITs been 12 hours and staking is still busted for me on the website

Shoulda bought blocknet

I really hope the AMA is shit and the price tanks further so I don't feel bad about selling.

This all FUD is made by our Cheng dong Tong squad. They accumulate at this ridiculous price.

biz IQ. -20

>>23616344
You won't feel bad anon. You should feel bad for the stakers. RIP LIT stakers

It’s all simply business. There are multiple reasons why it is ideal for Tomo to actually acquire Lition blockchain instead of just a partnership.
The first would simply be for on paper liability. You are about to go worldwide with new technology that still has tons of “gray area” when it comes to multi country regulations. Let’s say one day you piss the SEC off and they decide they want to collect a fine, you don’t want them coming and taking your German energy company’s money. Works the same way in reverse. If I’m building on Lition I don’t want the German government coming and taking money from the blockchain company because they want to collect fine from the energy company. The separation of asset ownership protects both assets.

The second reason is marketing and business aesthetics. From a marketing standpoint, is it easier for a small German energy company to sell groundbreaking blockchain technology, that they made to run their startup business, or is it easier for a blockchain company to to sell blockchain technology that already has a small German energy company successfully using it?

Simple example. It’s stupid I know but go with me. What if a tiny mom and pop burger shop, let’s call it “Rich’s burgers” invented a jet engine that was 50% more efficient and 50% cheaper. What would be the best way to sell that jet engine? Sure it’s 50% more efficient and half the price but do you think Boeing would put a meeting on the books with “Rich’s burgers” to buy jet engines? The better option would be if “Rich’s burgers” made a deal with GE aviation to go and sell their jet engines to large plane manufacturers.

Even in the tiny crypto bubble we are in 80% of the people think Lition is just an “energy token”. We need a “blockchain company” to be the face of the “blockchain business”.

>>23616473
That's a vague and useless pleppit tier assumption, just wait for the AMA or have fun fudding.

tomorrow will bring marketwide sell offs. lit is going sub.05. get out now while you still can. screenshot this.

>>23616473
Nice points

>>23603728
Copers will say this is just 'fud', same as in the tg.

But let's be realistic here. We got rugpulled by Richard, and totally sold out. We were told the 'never before seen' announcement was the 30th, when in fact they dropped the bomb on the 28th. That was a set up, which enabled the price to be pumped so they could sell team tokens before the inevitable dump.

It's really quite obvious when you just ignore the weak-minded, bargaining-stage of grief copers.

Tomochain is a literal who "eth killer' who will probably just end up consuming the tech.

Our "compensatory airdrop" is worth can you believe it my god, $18. That's a slap in the face.

Oh - you were staked? Fuck you. You are locked in, you don't get any rewards, you can't sell (thus propping up the price).

It's really sad, and disappointing, but it's time to be realistic. The AMA is literally going to be appeasement and more hopium as Richard backs away entirely, and Lit believers start to realize we got absolutely fucked.

Don't worry, there are still going to be replies to this like 'hur dur fud' and 'you're just trying to buy low'. Just stop it. I'm not trying to buy low - I bought high, I staked and now I got fucked like a whole bunch of other people.

This was the nail in the coffin for any belief I had in crypto. The whole thing is a ponzi scam, and any winners are just examples of survivorship bias.

>>23616818
>We were told the 'never before seen' announcement was the 30th, when in fact they dropped the bomb on the 28th
We were never told that it was on the 30th. We were told the AMA was on the 30th and we all assumed that this was when the news would drop. But also who gives a shit about the date?
>That was a set up, which enabled the price to be pumped so they could sell team tokens before the inevitable dump.
Proof that the team were selling tokens? Also I'm fairly certain the price doubled days before the announcement which wouldn't make sense if they market sold. In fact this is most likely insider trading and proof that insiders know what they're talking about and /biz/tards like you don't.
>Tomochain is a literal who "eth killer' who will probably just end up consuming the tech.
It's a mainnet that scales and has strong business connections and significantly more funding than Lition.
>Oh - you were staked? Fuck you. You are locked in, you don't get any rewards, you can't sell (thus propping up the price).
That's literally the risk you have to take if you lock up your tokens. But boohoo you missed out on $18.
>The AMA is literally going to be appeasement and more hopium as Richard backs away entirely, and Lit believers start to realize we got absolutely fucked.
We've now got access to a massive network and potential use cases. Richard is still going to be involved. But you're also assuming that Richard is a god and that we desperately need him.
>I bought high
You probably bought around $0.16 a few days ago.
>This was the nail in the coffin for any belief I had in crypto. The whole thing is a ponzi scam, and any winners are just examples of survivorship bias.
I'm honestly amazed at the mental gymnastics of /biz/tards and how they can take something so clearly good, and make it out to be the worst thing that's happened. It's truly an art.

>>23616818
It's kinda pointless doomposting hours before the AMA, might aswell wait and see.
Even though I'm displeased by how fast everything went, it remains a fact that Richard was in over his head having to develop two startups, and as far as I know tomo isn't the worst eth killer out there.
I still have some faith in Richard and his judgement

>>23616953
Homo chain is a literally who?
I bet that not a single person was in LIT, to become the bitch of some shitty chink start up.

>>23617030
you were not 'in' anything by buying a crypto token lmao. you fucking brainlets dont get it, this isnt the stock market, a token is not a unit of ownership of something, it's a scam. all of it is a scam. anyone with a functioning mind stayed far away from Lition because it was obvious the devs were retarded SJWs. you deserve this rugpull, we warned you, but you reeeeeee'd at us and called it 'fudding' lmao. fucking idiots. worse than the linkies, atleast they made money.

>>23617048
Fuck you, I thought Richtard was maybe some kind of autistic genius that could pull off a really good start up. But he was just what he looked like, a stupid autistic cuck. I am really happy now that I didn't stacke and that my investment wasn't that huge to begin with. But I still hate it that I now have to deal with some smelly chink shit bags.

To me it's clear that the price doubling days before the announcement was insider trading. I doubt it was caused by speculation because if people were anticipating an announcement in the AMA, then they would have bought right after the AMA not 10 days later. So you have a bunch of people somewhat connected to Lition and Tomochain who think the news is incredibly bullish for the LIT token. /biz/ then finds out and dumps the price back to where it began due to completely misunderstanding what any of this means. If you're still unconvinced how fucking dumb so many people here are then you're probably one of them. None of you would have actually ever made it.

>>23617234
To be clear I should say "then they would have bought right after the LAST AMA".

>>23617234
This and only this. But the people FUDing in here know that very very well and now proceed to seperate the fools from their money that havent done their research. Thanks god my paycheck arrives today + a small loan just to buy LIT.

One thing FUDsters still haven't been able to answer is - why would TOMO buy LIT for a substantial amount of money then

>Dump the price to zero by phasing LIT out gradually
>Do not use their tech/sidechain, replace it instead

They won't do either. When LIT dumps they're left with the heaviest bags of all of us, they'll do anything to pump them.
>

>>23617381
It's litterly the first thing shilled on their website when you check out the enterprrise section on their website.
I expect a new sidechain within the next 6 months, things are going to go faster now

>>23617234

Makes sense, the volume on uniswap was like 700k USD if I recall correctly, definitely not small time fags

>>23603728
Sir you should just be looking at TOMOCHAIN here. it's literally over.

>>23617457
Huh?

>Lition - a TomoChain division - is working exclusively to develop a core engine for central bank digital currency to be used by banks globally.

In case you can't comprehend what this means, it means that LIT is working to create a core engine which will run on the LIT sidechain, not one for TOMO to use and forget LIT completely.

Can someone bake a new AMA LITGEN?

>>23617516
On it.

>>23611235
He NEVER said "Big exchange". He said "We are in negotiations with some exchanges, we will update you later this month". And according to Richards tg message it looks like the negotiations didn't lead to anything. So the tomodex listing is unrelated to what he said in the ama.

>>23617513
I was talking about a lit sidechain, aka new usecase

I am waiting for the end of my staking to sell this Chinese crypto.

>>23617559
making meme too, give me a second.

>>23617619
Based baker

>>23617461
Interdesting, but would be a pretty big coincidence that it was pumping after gaining so much traction on /biz/

>>23617579

But why would he have given a timeline for infos about possible exchange listings, if he was not very sure about the exchange listing?

>>23617654

Most of biz who are in lit have been in it for a long ass time, not new buyers

>>23617689
So she says herselfe that Homo chain has a small pp?

>>23617741
Long Schlong definitely doesn't have a small pp.

>>23617741
She's obviously not delusional

>>23617668
It started gaining alot of traction all of the sudden before it pumped to 17-20 cents. The generals were getting filled in a few hours.

NEW THREAD!!!
>>23617819
>>23617819
>>23617819
>>23617819
NEW THREAD!!!