/lition/ general

[Anonymous No.14578030]

>Why Lition Matters?

>Many people are confused by our strong tendency towards the Energy sector even though we are building a Blockchain infrastructure for various industries. Let‘s clarify this. Initially, we started as an Ethereum P2P application designed to target one specific industry (Energy) but eventually saw a gap and therefore an opportunity in the market. Hence, we decided to revise our original plan and transform into a massive blockchain infrastructure project.

>Before we decided to run this project, we already were a licensed energy supplier with real customers and real revenues in Germany. In April 2018 we successfully launched our blockchain-based P2P energy trading app to offer clean and cost-effective energy to 41 million German households. Making us the world’s first blockchain based P2P energy exchange available in a mass-market. Currently we are in possession of customers in over 27 cities, including Berlin, Hamburg and Munich. This solution was built on Ethereum and is going to be migrated on our mainnet once fully live.

>During succeeding in the expansion of market share, we came to two important realizations: 1) that Ethereum—and indeed most of the existing blockchains!—has serious limitations that make them less than ideal for sustainable utilization in many business contexts. They are far from “green” (a key principle for the self-respecting clean energy supplier) and are hardly scalable to millions of customers, but even more importantly they are not compliant with the various EU laws governing secure exchange of private data and the requirements concerning the deletion of data mandated by the EU GDPR regulation. 2) If we face these challenges, then all enterprises aiming to launch and scale business applications in distributed environments using blockchain technology equally face these challenges.

[Anonymous No.14578038]

>In short, all the infrastructure solutions available, were just not good enough for real business in mass markets. Thus, we decided to increase the scope of its blockchain undertaking by moving beyond the dApp development to become a layer 2 solution on top of Ethereum as we did not saw the need to compete with it but rather complement it.

>To develop the blockchain solution, we entered into a Co-Innovation Agreement with the German-based multinational software giant SAP, which is in charge of developing the storage and smart contract layers, with us being the provider for the open consensus layer for this solution. SAP’s Chief Technology Officer and Executive Board Member at SAP SE, Dr. Jürgen Müller, is one of our advisors and actively involved in the #build process.

>Together with our partners we eventually determined that despite our sophisticated original business idea, the time was ripe for thinking even BIGGER. And this is how Lition, with SAP’s support, embarked on an entirely new exciting adventure: to develop our own scalable public-private blockchain infrastructure for commercial products, a system that would be equipped with deletable data features and fully compliant with all applicable laws and regulations, including the most recent EU data privacy laws. Our proprietary protocol aims to help blockchain-based applications to come out of their relatively small niche and enter the mainstream marketplace. The scaling solution that we are developing at this time will be offering a fast, robust, and cost-effective solution for a wide range of businesses and industries, including energy, enterprise data management, finance, insurance, logistics, pharmaceuticals, healthcare, media, travel, etc.—in short: having started initially as a limited-scope decentralized application provider, we are now aiming to become a sizeable infrastructure project in the blockchain space and beyond

[Anonymous No.14578066]

What? Devs just got caught frauding and there’s like only 15% in circulation

Typical pajeet coin that’s going to zero

[Anonymous No.14578069]

>Lition is excited to announce that we are offering support of the Binance Chain BEP-2 protocol to the LIT token. This collaboration between Binance and Lition aims to support the spirit of interoperability within the blockchain space and to create one of the biggest multi digital asset ecosystems of our time. Adding a new blockchain infrastructure to the Lition environment is also an important step that fosters the adaptability of our layer 2 business solution!

https://medium.com/lition-blog/lition-integrates-with-binance-chain-47ef339ecac0

>As always, we are committed to developing the blockchain standard for business by providing an advanced scalable public-to-private blockchain with deletable data features. We are working hard on delivering on the promises that we have made to you. The next few weeks will be absolutely critical to the future of this project with many more announcements and updates coming soon. Talk is easy and the only way to keep you happy is to continue delivering working products and demos, as well as expanding our ecosystem. As we move into yet another phase of our journey, we are grateful for your continued support.

[Anonymous No.14578121]

>>14578066
i dont think you're going to be able to move the price down anon no one wants to sell, just bite the bullet and buy while its still under $10 mil

[Anonymous No.14578161]

>>14578030
sources please

[Anonymous No.14578283]

>>14578066
Very low quality FUD. You should be ashamed of yourself. Not for the fussing, but for the extremely low FUD quality.

[Anonymous No.14578300]

>>14578283
>fudding
>phone posting

[Anonymous No.14578301]

>>14578121
This.
Read:
>>14577922

[Anonymous No.14578596]

Lition signs a Co-innovation Agreement with SAP. The technology partners are exploring the development of a public-private blockchain for business.

The technology partnership was first announced at the Consensus Conference in New York City in May 2018 by Torsten Zube, Head of Blockchain at SAP.

Blockchain experts know the limitations of current-generation blockchain technologies, such as
* the secure exchange of private data in distributed environments
* scalability (block confirmation time and transaction costs)
* compliance to regulatory requirements like deletion of data (GDPR compliance) hinder a mass market adoption of blockchain technology.
Both companies have therefore been validating these topics in a series of workshops over the last half year. SAP is exploring a private, permissioned, decentralized technology for verifiable exchanges of data while Lition is focusing on a public, permission-less blockchain. Both companies strive to integrate these two parts to allow for private communication and publicly verifiable claims.

Currently, SAP and Lition blockchain developers are collaborating in design-thinking workshops, laying the foundation for the worlds first public-private blockchain with deletable data features for all business.
"Helping our customers solve their business challenges is always at the very center of what we do", said Torsten Zube, Head of Blockchain at SAP. "With this cooperation, we intend to explore better options to facilitate the value-adding adoption of blockchain or blockchain-influenced applications for real business use cases."

Dr. Richard Lohwasser, Lition's CEO commented, "This partnership is based on the distinct strengths of each company, bringing together Litions expertise of public blockchain requirements, agile mindset and high market launch velocity with SAP's strong development resources and powerful innovation capabilities. SAP is the ideal partner to co-innovate and create the go to blockchain standard for business.

[Anonymous No.14578770]

POMP IT!

[Anonymous No.14578778]

>>14578596
>>14578770
good tech but what are the tokens used for?

[Anonymous No.14579184]

>>14578778
>Tokens are used to for creation of private sidechains, to pay for all transactions on the Lition infrastructure and for access to token staking rights

[Anonymous No.14579222]

>>14579184
why not use fiat instead

[Anonymous No.14579242]

>>14578030
it matters because i can get a few pump and dump and then you be like powr shiller in 2017. Dead in the water.

[Anonymous No.14579245]

OMG..

I fucking LOVE BSV memes.

BSV is soooo fucking based lol. Craig = le god.

We need to meme him into emperor status lol, how frickin based would that be guys?

It's like... he's just as based as Trump and MoonMan. I think its because he's so sassy and non-sequitorious.

This is TOTALLY the next, most epic and righteous BASED meme.... get this:

He's on the internet...

He's contrarian to what seems reasonable and admirable...

Controversial...

Quite silly and ironic...

But actually a super fun and great guy.

[Anonymous No.14579444]

>>14579222
>why not use fiat instead

[Anonymous No.14579496]

>>14579242
this is not an energy token
https://twitter.com/Lition_Block/status/1146685239588204545

[Anonymous No.14579510]

>>14578778
Reward nodes for validating transactions. Is this your first week in crypto?

[Anonymous No.14579785]

is /biz/ not interested in making it?

[Anonymous No.14579980]

when can we expect its price to increase significantly?

[Anonymous No.14579983]

>>14579785
they are. if they believe in it, they will fud it

[Anonymous No.14580084]

Fucking huge scam sirs

[Anonymous No.14580163]

>>14578778
Commercial products, tons of use cases

[Anonymous No.14580171]

>>14579222
whew lad

[Anonymous No.14580183]

>>14580084
You're not going to be able to move the price down, I'd just go ahead and buy

[Anonymous No.14580235]

[Anonymous No.14580252]

>>14580235
kek. A pilot project with two banks in Germany

Literal whos and literal scams

[Anonymous No.14580294]

Quality of memes 2/10 for lition.

Not gonna buy.

[Anonymous No.14580380]

Lition to the fucking moon $2 eoy

[Anonymous No.14580383]

Incoming drop confirmed EOW

[Anonymous No.14580518]

>>14580294
He doesn’t see the hidden gems lmfao. “Beauty is in the Eye of the beholder.”

[Anonymous No.14580531]

>>14580294
invest in memes, get meme tier returns

[Anonymous No.14580592]

>>14580380
how is less than 10x 'to the moon'

[Anonymous No.14580668]

Some fucking nigger just put up a sell wall...........................

[Anonymous No.14580984]

>>14580592
have to be modest with my expectations

[Anonymous No.14580990]

>>14580984
Yeah $2 EOY is very very very possible

[Anonymous No.14581043]

>>14580294
What memes have you seen anon?

[Anonymous No.14581090]

>>14579444
>90M
>TOPKEK

[Anonymous No.14581361]

>>14579222
>>14579444
>>14578066
>>14578300
He's here.

[Anonymous No.14581433]

LIT senpai, I'm 3k LIT off my 20k stack. I'm stacking up late but fuck it. Should have thrown all my money into this at .22 lol damn. Binance is being a nigger with my eth withdrawal fucking shit scam exchange.

[Anonymous No.14581547]

>>14580990
2$ is FUD
100EOY

[Anonymous No.14581733]

>>14581547
do you actually think we will his $100? when the hell has any eoy prediction ever happend with a low cap alt honestly, im optamistic but 100 is a bit much

[Anonymous No.14582369]

>>14578596
This is fucking huge isn't it? why are we ignoring this?

[Anonymous No.14582749]

>>14582369
We're not why do you think LIT has been the third or second most mentioned coin on this board the past week?

[Anonymous No.14582756]

>>14582749
lmao, idiots have been scrolling past this shit like we haven't been trying to help them this whole time

[Anonymous No.14582763]

>>14582749
this is LINK tier, i remember how much focus was one LINK back in the day when we realised how legit it was.