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/biz/ - Business & Finance


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13385121 No.13385121 [Reply] [Original]

Daily reminder that Dr. Juergen Mueller, the CTO of SAP is an active advisor to Lition

>> No.13385149
File: 99 KB, 1621x537, Business owners Incentive to stake Lition.png [View same] [iqdb] [saucenao] [google]
13385149

This part of the article that came out is really interesting, it states that the businesses that operate in a Lition sidechain, are incentivised to stake Lition in order to keep their private chain safe. This means that companies might buy up Lit's supply in order to stake and raise the price in the process

>> No.13385182

>>13385149
which companies, what do they do on their sidechain? and most important when should that be?

>> No.13385190

>>13385182
>what do they do on their sidechain?
just boomer things

>> No.13385197

So you say that hodln will pay out later ?

>> No.13385228
File: 140 KB, 1610x830, LIT Staking 20k.png [View same] [iqdb] [saucenao] [google]
13385228

>>13385182
Right now lition has a deal with VR Bank in Germany to do a $20M syndicated loan deal to a real estate company in one of Lition's sidechain.

Aswell as the partnership with SAP which opens up more deals since SAP has a big client portfolio.

The mainnet will go live in Q3 2019, and you will be able to stake with a minimum of 20k LIT, which if the volume of transactions isn't high enough, Lition has a clause in a smart contract that raises the Staking rewards to at least 20% in the first year.

>> No.13385330

>>13385228
are you allowed to tell us the name of the real estate company? maybe "Deutsche Wohnen"?

>> No.13385346

>>13385330
They don't state the name, here is the report https://finance.yahoo.com/news/lition-vr-bank-cooperate-process-160500387.html

>> No.13385395

>>13385121
Who that? A football player?