/LITGEN/ Lition General - Final accumulation edition

[Anonymous No.22010537]

Latest news:
>5 Trust node invitations have been sent out. Mainnet rollout secured, $4.20 secured.
>>21992869
>Plebbit is on to us
https://www.reddit.com/r/CryptoMoonShots/comments/igwvgn/lition_8_million_dollar_market_cap_with_real_use/
>ColdFusion youtube channel namedrops Lition in relationship to the Microsoft Azure integration. 71k views in one day
https://youtu.be/_3gbo_NinT0?t=466
>SAP blog on integration with Ethereum mainnet. (not directly Lition related)
https://blogs.sap.com/2020/08/21/sap-integration-with-ethereum-mainnet/
>5 Trust node operators will be added to testnet next week.
https://twitter.com/Lition_Block/status/1296834260062674949?s=20

>What is Lition?
https://youtu.be/upUoOSnZvdY

>How To Buy?
https://idex.market/eth/lit
https://app.uniswap.org/#/swap?outputCurrency=0x763fa6806e1acf68130d2d0f0df754c93cc546b2
https://www.hotbit.io/exchange?symbol=LIT_ETH

>How To Stake?
https://medium.com/lition-blog/getting-started-with-lition-pool-staking-how-to-deposit-733ff18cb8f3

>Staking Calculator
https://www.litionstaking.com/

>Lition Maker Energy Sidechain (down due to testing no issues or problems >>21888581
http://bcenergymainnetc.lition.io:22003/dashboard

>Official Site
https://lition.io/

>Twitter
https://mobile.twitter.com/Lition_Block

>Whitepaper
https://www.lition.io/docs/Lition_Whitepaper.pdf

>Price
https://www.coingecko.com/en/coins/lition

>Previous threads (newest to oldest)
*virgin /lg/s
>>21930461
>>21867059
>>21852121
>>21817815*
>>21780808
>>21780010
>>21718243
>>21705733
>>21661352

[Anonymous No.22010641]

>22001281
Still a bit perplex at how it's possible that some anons still not get it. How can you believe they'll be stuck at 50 txs per day if they already said that they're well on their way to reaching 220k households at Lition energie and that these households will at the very least make 1 txs per day but possibly a lot more.

[Anonymous No.22010681]

>>22010641
link to misinformation thread
>>22001281

[Anonymous No.22010746]

This might sound a bit weird but it is actually true. I went to highschool with Richard, the CEO, and he always used to tell me stories about his grandpa. What he told me is that his grandpa was a waffen SS officer, can't remember which rank exactly, but he was pretty high up there. He always talked about it like he was really proud of it. He once told this story about him going into his grandpa's basement and finding some old uniforms, he asked his grandpa if he could have one of them, his grandpa said it was a bit big for him but that he could take it home. Then the day after he got it he wore it to school.

Do with this info what you want, but I would be cautious. I'm posting this anonymously because I know what Richard is capable of.

[Anonymous No.22010971]

>>22010537
Lities are so pathetic. Constantly being dumped on, lied to. Imagine buying LIT when you could have bought VIDT and make 20x

[Anonymous No.22011006]

>>22010537
60k lit. any idea on 3 month lock up returns? 6 months? Want to get to 70k

[Anonymous No.22011141]

>>22010537

Q3 ends end of September, are we on track sirs?

[Anonymous No.22011180]

>>22011141
Is this a serious question?
The 5 trust nodes operators will get a videomeeting on monday or tuesday.
Probably mainnet next week, tops week after.
They will be on track.
We will make it.

[Anonymous No.22011234]

Who dumped today? Thinking of picking up some

[Anonymous No.22011281]

>>22011180

Very good, my 50k is staked until June next year, I am chillin. Looking forward to this beast waking up and btfoing /biz/

[Anonymous No.22011313]

I have 8k Lition. I have capital to put about 3k into shit. Lition, or just fuck around with other projects?

[Anonymous No.22011356]

What does the lition chadfolio look like?

[Anonymous No.22011390]

>>22011356

LINK, LIT, and RSR

I may be biased because thats what im stackin

[Anonymous No.22011754]

>>22011281
I hope we can convince enough of our fine /biz/raelis before it happens.
But yeah if by 2 weeks you haven't bought in yet after many waves of consistently high info threads with good discussion instead of random pajeet shill posts. Then they may be retarded and well... fuck em.

[Anonymous No.22012055]

>>22010971
Imagine buying VIDT when you could have bought LEND and made 1000x

[Anonymous No.22012378]

>>22010641
Because they literally don't pay attention and they don't do their research.

>>22011313
Obviously put it into Lition. But first don't be a retard and make your own decisions instead of asking /biz/

>>22011356
100% LIT

[Anonymous No.22012412]

>>22011281
>Selling LIT in 2021
ngmi

[Anonymous No.22012457]

>>22011234
Everyone's dumping after Richard chose Adam to lead the testing team. Our lives are now in the hands of 5 telegram faggots (they are now the Lition testing team). I'm out.

[Anonymous No.22012460]

>>22011313
8k Lition... That's 1200 USD and you're asking where to put the other 3000?
I'd say at least pump those numbers a bit, those are rookie numbers.
Rest in Ether I'd say. 50/50 Ether/LIT.
Then you have 15k Lit and you should be comfy.

[Anonymous No.22012513]

>>22012457
I know there's a 90% chance that you're joking but there might be some idiots who believe you. Adam is obviously not "leading" the testing team. The "telegram faggots" also aren't a part of the testing team. Literally all they are doing is running a node.

[Anonymous No.22012536]

>>22012457
The FUD is surprisingly weak.
A week ago it was still pretty strong and convincing. Fudders are getting BTFO'd.
To be clear. We caused the price to dump, so we could accumulate a bit longer.
The generals were hitting the bump limit almost every time, when we decided to not make a general, 6-7 threads bumped up all over the board. So we made a containement general, starved the other threads and then stopped hyping it for now 3 days or something.
This gave ample time for some normies to transfer lit to IDEX so we can fill our bags again around these cheap ass levels of 0.00037 ETH.
So much LIT is going to get accumulated in IRON /biz/ hands who'll hardly sell before $100 because $90 is FUD.

[Anonymous No.22012555]

>>22012513
>one of the five who is doing testing with their testnet in the upcomming days!
>who is doing testing
>doing testing
>testing

[Anonymous No.22012586]

>>22012457
The reality was worse than this predicted chart by the way. We dumped to 14c after his announcement and we're and still going down

[Anonymous No.22012652]

>>22012555
>>22012457
>>22012586

You need to calm down Trevor...or you will have an heart attack. Either way...I love having my own little fanclub with you as the fan club president on here. I couldnt give less of a shit if some child is selling their token because "BUHHUHH daddy lohwasser hasnt chosen me to be one of the first 5 nodes WUAAAAAAAAAAAAAH". That just means more cheap LIT for me. :^)

[Anonymous No.22012679]

>>22012555
You're an idiot. The only "testing" they will be doing is running a node.

[Anonymous No.22012696]

>>22012679
Psshhht dont tell him. We want to see more temper tantrums from this clown! He is clearly seething about nothing and I LOVE IT!

[Anonymous No.22012720]

>Adam Selam got invited
>the biggest retard of tg
>all tokens are locked and cant sell

fuck

[Anonymous No.22012802]

>>22012720
Its really poor isn't it. The team have underestimated the impact of this decision on the project. If they pick an autist to lead the testing team just because he posts on TG 24/7 then you start to wonder have they made equally bad decisions with their development team and senior staff? Lition is shaken to its core at this moment and may not recover. The price dump in the last 12 hours is not a coincidence.

[Anonymous No.22012864]

>>22012720
>all tokens are locked and cant sell

AWWWW that is sooo sad to hear! I wish you could dump the price more :)

[Anonymous No.22012882]

>>22012412

I ain't selling shit gonna restake till I die

[Anonymous No.22012885]

>>22012802
>If they pick an autist to lead the testing team
1) He's not leading the testing team
2) Everyone invested in LIT is an autist.

>just because he posts on TG 24/7
They need the first five people to run a node to be trustworthy and who has been around in the community for a while. You can't trust someone who you barely know.

>Lition is shaken to its core at this moment and may not recover.
Look I know you're joking but shut the fuck up.

[Anonymous No.22012969]

>Q2 2020 LIT was making up 50% of my folio
>now it's below 5% of my folio value
>haven't sold any LIT
>haven't bought other coins

what did Richard and Adam 'The Retard' Selam mean by this performance?

[Anonymous No.22012977]

>>22012802
>I am leading the testing team

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH

[Anonymous No.22012989]

>>22012969
>He is still seething

oh no no no no. Better sell you little retard :^)
My friends also want some cheap LIT.

[Anonymous No.22013002]

what you guys don't get is that they chose a retard on purpose to demonstrate that the mainnet will work even with some node operators fucking up.
Best way to test.

[Anonymous No.22013019]

Guys, I'm getting sweaty.
I have 50k LIT and bought XMM for $1k 2 days ago and now it's at $3.6k.
Please pray for me that it doubles again so that I can double my LIT stack to 100k.

Also I'm not sure if I should stake them. It looks like with staking it takes 10 years for the coins to be tax free. I also have no idea if compounding resets this every day. Fucking taxes man.

[Anonymous No.22013028]

>>22012989
kek

if anybody had any friends that wanted LIT we wouldn't be performing like dogshit when everything is mooning x20.

>if it goes down I'll just buy more!
... and so Adam 'The Imbecile' Salam mumbled the eternal bagholder anthem

[Anonymous No.22013043]

>>22012969
The price has literally tripled since then. It definitely isn't a tenth of the price lol.

[Anonymous No.22013046]

>>22013002
Kek too bad I have no french fries with me since the amount of salt here is astonishing! Wh would have guessed that biz is full of retards...oh wait. Every old TG member does know that. kek

[Anonymous No.22013114]

>>22013028
>He is still seething
>WUAAAAAAAAH I DONT LIKE THIS TOKEN HOLDER! I BET HE MADE IT DUMP PRICE -20% WUAAAAAAAAAAH

And thats why no one will trust you :) Imagine trading on emotions lmao

[Anonymous No.22013124]

>>22012802

>running a node, the most neet passive income generator in the universe
>leading the testing team

Please pick one

[Anonymous No.22013137]

>>22013028
I bet you are one of these retards who are spewing /biz/ memes in the official Lition channel KEK

You are waaaaaay below me buddy.

[Anonymous No.22013214]

>>22010641
Yeah, it's mind boggling.
XMM has 360 Telegram members in 2 days and LIT has 734. People really be chasing scams

[Anonymous No.22013226]

Lmao people talking about price crashing. There is barely any liquidity on Idex. One dude with 2-3 BTC dollars can make the price move 20%. Yesterday it happened to be the other way.

Once Lition gets mainet and some exchanges we will start flying.

[Anonymous No.22013236]

>>22013214

Lit might be the ultimate sleeper, its so obvious to people holding that its only a matter of time

[Anonymous No.22013246]

>pajeets STILL fudding

biz needs flags.

[Anonymous No.22013255]

>>22013236

It does make you feel a bit crazy. To be so certain about something no one else knows about.

Happened with LINK also btw.

[Anonymous No.22013333]

>>22013019
OP here, we're in the final weeks tops before mainnet, before the /biz/laggards and normies flow in. I also wont stop posting generals like I did last week because others still wanted to accumulate. I'm already in so I don't care if others have to fomo. We're down 25% with LIT even though mainnet is even more sure.
I'd say take your profit and boost to 75k LIT, staking will take you to 100k. But it's up to you.

[Anonymous No.22013339]

>>22013019
>>22013236
I've took a little bit of profit and will now buy another 10k of LIT

[Anonymous No.22013364]

Pattern?

[Anonymous No.22013400]

>>22013333
Quints of truth. I will wait until this evening and then put whatever the rest of my XMM is worth in LIT

[Anonymous No.22013442]

>>22013400
It's for you, anon.

[Anonymous No.22013499]

>>22013400
checked

[Anonymous No.22013517]

>>22013364
Everyone's is green and mine is red. Good thing this stuff is bullshit anyway...

[Anonymous No.22013559]

>>22013400
meant quads of course, kek

[Anonymous No.22013563]

>>22013517
Although I gotta say that A LOT of threads and high quality posters in LITGEN/LGs had green id's.
It would be superstitious to believe in red/green IDs but it is just a pleasent observation.

[Anonymous No.22013572]

>>22013517
Mine is redder than yours, it's fine anon

[Anonymous No.22013596]

>>22011390
This is accurate. Maybe a little BUIDL.

[Anonymous No.22013617]

>>22013517
>>22013572
Every green needs a little red to balance out.
See you this evening, hopefully with a bigger stack. I need to boot up Stardew Valley, buy two new chickens and name them Greta and Luisa.

[Anonymous No.22013967]

i have never exchanged on idex.
should I activate tx verification on idex?
also, can i trust the automatic price suggestion on limit orders on idex?

[Anonymous No.22014247]

Kek
>>22012586
>>22012457
>>22012802
>>22012969 (broken ass english but asking "What did he mean by this?" lol)
>>22013028


Thanks for playing! Please come again. Weak hands are the best sauce for some lulz.

[Anonymous No.22014325]

>>22014247
fuck me I missed it

still a 20k stacklet

[Anonymous No.22014334]

>>22013967
I think so, but to be honest. Arent ETH fees insanely high? Might be interesting to try out a CEX like Hotbit desu.

[Anonymous No.22014356]

I just bought my first litties /biz/

[Anonymous No.22014390]

>>22014325
20k is a respectable amount considering that people nowadays struggle to get even 5k. I remember some months ago that people like you would be laughed at by everyone. This has already changed before any mainnet is out. Just relax and hold. Stake if you can.

[Anonymous No.22014554]

>>22014356
Lit version here >>22011281
Improved version here >>22013442
Because why would you decline calls from the based department? Don't get it.

[Anonymous No.22014691]

Going to boom a downhill ski session in the alps when LIT his $10 in 2021

[Anonymous No.22015002]

>>22014691
Cool, hope you enjoy.

[Anonymous No.22015028]

>>22014691
Imagine selling at 10$

[Anonymous No.22015081]

>>22014691

For me its a few deep tree runs in Japan

[mikefrommooncrash No.22015151]

>>22010537
>price is crashing as i told them
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

[mikefrommooncrash No.22015169]

>Sunday
>no mainnet
>no AMA
>no announcement
My disappointment is immeasurable and my day is ruined


>failed to launch mainnet, team keeps missing deadlines
>company lists employees that are no longer affiliated
>devs are continuously dumping tokens, even ones supposedly reserved for staking rewards
>was a flavor-of-the-month shitcoin over a year ago and failed to produce anything since
>tech is a dumb gimmick that anybody can reproduce
everything you need to know about lition aka shition and their ceo Richtard low.iq

>>21781930
>>21782451
>>21782556
>>21786492
>>21786763
>>21787482
>>21790113
>>21790965
>>21791057
>>21793551
>>21795269
>>21796924
>>21808511
>>21809266
>>21809739
>>21810031
>>21810115
>>21811271
>>21815195
>>21816629
>>21821481
>>21822796
>>21859989
>>21860195
>>21861608
>>21862195
>>21862385
>>21862538
>>21863664
>>21864286
>>21864560
>>21865856
>>21867226
>>21867865
>>21868081
>>21868357
>>21869884
>>21871147
>>21872019
>>21876858
>>21877572
>>21878225
>>21883600
and more importantly:
>http://bcenergymainnetc.lition.io:22003/dashboard
>one node got disconnected hours ago (08-25-2020)
>they added another new node (08-25-2020)
>after 2 hours: testnet stops producing new blocks
>testnet crash and the team decide to close the website to hide their failure
IBFT CONSENSUS IS STILL BROKEN AFTER 1 YEAR HAHAHAHAHA
>>21931685
>i will save this reply so i can tell you in the future "I TOLD YOU SO YOU PIECE OF A BRAINLET DONKEY EYES"

[Anonymous No.22015257]

>>22015169

Did you get selected for a trust node mikey boy?

[Anonymous No.22015931]

I wasn't selected for a node because I didn't suck richtard low.iq and admins dick enough

[Anonymous No.22015951]

>>22015931
>changes ID
>Has no "mikefromMumbai" name on him

Why are you so fucking retarded? Were you parents brother and sister?

[Anonymous No.22016157]

>>22015951
>>22015931

I'm not mikefrompakistan I am the original /lg/ baker

[Anonymous No.22016466]

>>22014247

[Anonymous No.22016560]

>>22016466
lol. Never said I would be a lead tester. Are you by any chance Mikefrommumbais cousin? Or just the average "haha I am pretending to be retarded" TG memer? (I tell you a little secret...you are cringey as fuck :( )

[Anonymous No.22016649]

>>22012555
>>one of the five who is doing testing with their testnet in the upcomming days!
>>who is doing testing
>>doing testing
>>testing
>>22016560

[Anonymous No.22016684]

>>22015028

Who said I was selling.. Its all about that comfy Trust node income

[Anonymous No.22016690]

>>22016649
So where did it say that I am some kind of a "lead" tester, brainlet? I am simply testing to run a fucking node on the testnet lmao. Keep seething. I seriously love it! :)

[mikefrommooncrash No.22016707]

>obsessing over a persona named "mikefrommoon"
>oh no stop fuding my bags, i can't fool other anons to buy my bags higher with you posting facts about a nazi scammer team selling all their tokens before even finishing testing
Retards

[Anonymous No.22016736]

>>22016649
>oh shit he had a grammatical error in his sentence as a non-native english speaker LOL

kek

[Anonymous No.22016737]

>>22016690
You're not testing anything. The team are. Stop larping as an employee.

[Anonymous No.22016742]

>>22011390
same+yfl punt

[Anonymous No.22016761]

>>22016737
But I am testing stuff with them and will get in contact with them tomorrow. Question is why are you so salty about it? :^)

[Anonymous No.22016833]

The fact there is a dedicated fudster for this board is quite bullish
If it was just one post per thread I could write it off, but multiple lengthy replies day after day? I am getting aroused

[Anonymous No.22016847]

>>22016761
Back to my original point then
They are literally testing with telegram faggots larping as industry leading testers, instead of using actually qualified people. Biggest sell signal ever known on /biz/

[Anonymous No.22016898]

>>22016847
>qualified people
Whats so hard about running a node

[Anonymous No.22016918]

>>22011390
Exactly the same

[Anonymous No.22016961]

>>22016847
But you dont know my qualifications which actually led me to this position. Poor little kiddo thought he can come around with his "Metamask skills" and be one of the first five HAHAHAHA.


>Back to my original point then

You never had one and thought off some lame strawmans (I never even said a word about any "employment" lol) to make it seem that you got some point here. Imagine the team giving a brainlet like you one of these spots. A dishonest child with a tanter tantrum. Now THAT would be actually bearish. But dont worry. We'll test things out for you so you can join the fun later, little buddy. Remember: Keep on seething :)


>>22016898
Believe it or not...there is a lot of people who wouldnt get that done. I mean look at the countless people that are struggeling to stake.

[Anonymous No.22016979]

>>22016898

He is fudding or is just a retard.

They did this for us to be nice. They had no reason to, but did. I think its great.

[Anonymous No.22017015]

>>22016979
This also. All 5 were long time holders and contributors to the several chats. That was the top priority when they were picking the people.

[Anonymous No.22017139]

>>22016898
Hes not just running it
Hes testing it
There's a difference
>>22016961
You're living in a fantasy world where you think they picked you based on qualifications. Let me tell you again, if your capabilities have any significance on the success of lition then that is a clear sell signal. They should not be giving important roles to Telegram nobodies. So again I suggest your larping on your importance. You're not employed and this wasn't a job interview. Do you dress up as Richard in the evenings and wank yourself off in front of a mirror?

[Anonymous No.22017272]

>>22017139
>ignoring the facts and keep on lying

K E K. You are so retarded that at this point its not fun anymore to mock you really. I only said that I have more qualifications than you think (implying that you "think" lol).

>Telegram nobodies.
1) I am sure that I am more needed to the community than you are :^)

2) They need to trust these "nobodies" so these dont leak code or some shit. Are you not fucking getting it? Of course you dont because, and I am repeating myself here, YOU ARE FUCKING RETARDED.
I've never larped as anyone. You were just flinging with strawmans to make it seem you got a point. Not my problem you cant read for shit. Last (You), clown.


2)

[Richtard No.22017285]

>>22012885
They're fudding to bring price down. Simples.

[mikefrommooncrash No.22017294]

>>22017015
>>22017139
>these 2 retards are fighting because only one of them got selected to be part in scam
Retards everywhere while team is dumping nonstop
this is the new bridge to hide ecosystem dumpening
>https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2?a=0xc2ba04e89016f417e1219af7ef82a5b6a9214793

[Anonymous No.22017387]

>july 3, 2019
>decide to buy LIT instead of VIDT
>hold this entire time
>my soul

fuck you pajeet faggots. LIT has underperformed and you niggers act like we've done a 20x. fucking fags

[Anonymous No.22017581]

>>22017294
do you really think that chosing randomly a eth-address that has LIT on it for claiming that its the new token bridge will believe anyone here?

[Anonymous No.22017625]

>>22017294
sure, the token bridge has 43,991,129 HEX and 140,240,227chiliz

[Anonymous No.22017940]

>>22017387
LINK took 3 years fren

[Anonymous No.22018614]

trust node roll out this week mfs

[Anonymous No.22018689]

>>22017387
Youre a pathetic worm, lition is releasing its product soon.. and it has the best use usecase any crypto has ever had at launch... we couldnt be a more based high iq community either... you should seriously get out tho you obviously have zero clue about what blockchain is going to do

[Anonymous No.22018765]

>>22017294
If they hurry up they could dump all their tokens and exit scam before the mainnet deadline.

[Anonymous No.22018865]

the fud is so stupid cheap atm. tomorrow, monday will be the start of the 5 initial nodes - starting the final mainnet-testing. then in the next step much more (trusted) nodes will be onboarded.

dont believe any fud here. LIT will be a rocketship and massive passive income for anyone staking just with the energy use case.

[mikefrommooncrash No.22019145]

>>22018765
lmao they already did you retard, they sold 4.3 ml tokens belonging to fake investors (aka Richtard and his brother)
now it time for them to sell the remaining 1.7ml ecosystem tokens

[Anonymous No.22019210]

>>22019145

Only 1.7 mill? Thats nothing.

[Anonymous No.22019276]

>>22019145
in your small fud-world these are fake investors. noone else calls them fake.

[Anonymous No.22019392]

Richard murdered us by picking non-white smoothbrains for Trust Nodes

[Anonymous No.22019411]

>>22019392
Who's non-white?

[Anonymous No.22019517]

>>22019411
Adam is middle eastern

[Anonymous No.22019532]

>>22019517
Ohhh am I?

[Anonymous No.22019752]

>>22019517
I think Selam is retardspeak for 'Wham Bam Adam Slam' wooot wooooot wuuuuuhuuuuuw.

[Anonymous No.22019841]

>>22019752
>I think Selam is retardspeak for 'Wham Bam Adam Slam' wooot wooooot wuuuuuhuuuuuw.

What the fuck did he mean by this?

[Anonymous No.22019899]

Valuation post:

In my opinion a crypto can be valued viewed from three different angles:
Profit valuation (e.g. IDEX profit distribution token)
Payment system valuation (e.g. bitcoin, the US dollar)
Dependency valuation (e.g. Ethereum and it's ecosystem)

To make a valuation it is important that you insert probability in your valuation, i.e. not:
The price of X will go to price A.
But rather:
There's a probability W that X will go to price A and
There's a probability V that X will go to price B and
There's a probability U that X will go to price C.
To have a view on the risk reward profile.

Lition is in the peculiar situation that it can derive value from all three angles profit, payment and dependency.
The profit stems from up to 0.01 USD/tx going to the stakers
The payment stems from actual value being transacted on the network (for the energy usecase approx 1000 euro per household.
The dependency of the company Lition Energie AG (which is a different entity than the company that makes the blockchain) is dependent on that blockchain and has an interest that there are not enough tokens to be bought at low prices so that a 51% attack could take place.

Now I'm going to adress them each individually and assume that the other two dont provide value or that it providing value has some 2nd order effect on the metric that I'm assessing.

[Anonymous No.22019909]

just bought the dip and doubled my stack
we gonna make it frens

[Anonymous No.22019924]

Is 3$ eoy realistic?

[Anonymous No.22019933]

>>22019899
Let's start with the profit valuation.
For the Lition energy usecase, the profit calculation goes as follows:
Profit = households X transactions per household X fees per transaction
Lition energy currently has around 20k households (estimate) and is on track to reach 250k households in 2 years.
Let's make our valuation for 2 years into the future and say that there's 20% chance of 100k households or lower, 50% chance of 250k households and 30% of 500k households.

In the worst case scenario, one household only makes 1 tx per day, in the best case scenario one household makes 96 txs per day. With possibilities of clustering most likely
Let's say the probabilities here are 20% 1 tx/day, 70% 4 txs/day and 10% 96 txs/day

The transaction costs will be limited to 0.01 usd/tx. It is for me unclear what the mechanism will be to have these transaction costs this high. It is my fear that they may wind up being as low as litecoin, bitcoin cash, bitcoin SV or dogecoin transaction costs where the median currently is 0.001, 0.001, 0.0001 and 0.003 USD respectively.
I dont think this is very likely and expect fees to be close to 0.01 USD, let's say 0.009 (90%) but am willing to account for a low probability scenario of 0.001 USD (10%)

[Anonymous No.22019962]

>>22019899
>>22019933
So what do we get then?
Well the lowest valuation would be 100k households, 1 txs per household at 0.001 usd/txs which gives us a profit of 100 USD/day and a likelyhood of this occuring of 0.2*0.2*0.1 = 0.4%
The highest valuation would be 500k households, 96 txs per household at 0.009 usd/txs which gives us a profit of 432000 USD/day and a likelyhood of 0.3*0.1*0.9 or 2.7%
The likeliest valuation would be 250k households 4 txs/day and 0.009 usd/txs which gives a profit of 9000 USD/day and a likelyhood of 0.5*0.7*0.9 or 31.5%
We can do this with all cases (there are 18 of them) and get a weighted average of 30479 USD/day in profit.

We can also add some expectations as to what will the valuation be based on a Price-to-Earnings ratio and the amount of tokens that will be staked.
The price to Earnings for the IDEX token is currently around 60 on a yearly basis. So I'm going with maybe a P/E of 20 (30%), P/E of 60 (30%) and a P/E of 200 (40%) (latter crypto mania, it think it will happen).
The tokens staked could be a lot less if new usecases pop up or more due to token supply increasing. So I'm going with 15 million (30%), 30 million (40%) and 50 million (30%).

From this we have a total of 162 cases and we see that from the profit angle alone, the chance to be valued at 20 cents or higher is 98.5%, 1 usd or higher, 88%, 10 usd or higher 46% and 100 usd or higher 7% and that the probability weighted average comes in at 45 USD.

[Anonymous No.22019995]

>>22019899
>>22019933
>>22019962
Now from the payment system valuation I am inclined to compare it with either bitcoin as a payment system or the USD as a payment system. The USD is the basis of the US economy where you have transactions per year that total about 20.5 trilion USD, meanwhile the M2 money stock stands at 18.4 trillion USD. Almost a 1-to-1 ratio. On the bitcoin network however the total amount of transactions made per day average 11.5 Billion dollar. On a yearly basis that is 4.2 trillion dollars in transactions, almost 20 times the market cap of Bitcoin. This metric is thus called the velocity of money. 1.1 for the M2 stock of the US (historical average 1.6) (see: https://fred.stlouisfed.org/series/M2V#)) and 19.5 for Bitcoin (historical average about 40) (see: https://charts.bitcoin.com/btc/chart/velocity#5ma4).). Now because most of bitcoin transactions is just sending it to and from exchanges etc without really transacting it for a service or product it is my conviction that the payments made on the lition network which will be on a yearly basis about 1000 euro per household is more akin to the pattern of the US dollar than that of bitcoin when it comes to a relationship between valuations and transactions. Thus if they get to 100k customers, they'll have 100 million being transacted for energie in a given year and that should thus roughly be the mcap valuation given to lition as a payment system. So $1 per 100k customers. Perhaps a little bit less, but I'd be surprised if these transactions were deemed as valueable as ordinary bitcoin transactions where people just shuffle coins between their wallets. At 500k customers you could see a valuation of $5 only from the payment system angle.

[Anonymous No.22020020]

>>22019899
>>22019933
>>22019962
>>22019995
From the dependency angle we are a bit in uncharted territory. Looking to European utilities they are usually priced in between 0.4-2 times the revenue. I would expect a high growth young company to be valued at least at the upper range of the spectrum and probably quite a bit higher. So Lition Energie could have a revenue between 100 and 500 million and thus be valued around 1 billion euros in 2 years from now. What should a blockchain be worth if the existence of a 1 billion euro company relies on it? It's a difficult question but the answer will probably be somewhere north of 100 million adding another couple dollars to our valuation.
Even in the worst case with just 100k customers and just a 100 million dollar valuation of the company, The blockchain should still derive a value from it in the tens of milions. Making it impossible for the tokens to have a lower value than today.

Adding everything together I estimate the probability of this becoming a 10 bagger in the next 2 years to be as high as 95% and for it to become a 100 bagger to be over 50%. Beyond 15$ the valuation becomes mostly dependent on the profit angle since the payment angle and dependency angle pretty much max out at $5 and 10$ respectively in the best case scenarios. I would pretty much aim for about $25 in 2 years and that doesnt have to be the end of it at all. Such a valuation also falls perfectly in line with the trend that we're in since the beginning of the year.

[Anonymous No.22020117]

Thx based autist math anon!

[Anonymous No.22020244]

>>22019752
Agree on this

[Anonymous No.22020327]

>>22020020
Wtf are you talking about. Just say which price you expect for 1 LIT pls.

[Anonymous No.22020381]

>>22020020
thanks for some high iq comments. something like this stands out of all low iq-postings.

LIT will generate a lot of fees and staking rewards, has a functioning business, trusted nodes on mainnet start on monday and richard is a really good networker (see SAP, Volksbank, Salesforce ....)

[Anonymous No.22020437]

>>22020327
> I would pretty much aim for about $25 in 2 years

[Anonymous No.22020503]

wtf uniswap wants 17$ transaction fee...

[Anonymous No.22020511]

>>22020437
That means only 1.5m for my 60k coins :(

[Anonymous No.22020594]

A lot of people tend to underestimate the importance of Litions mainnet. It's not simply about passive income through more use cases and staking rewards for us stealth phase investors or about posting green wojaks on /biz/, the mainnet will be the fundamental breakthrough regarding the commercial mass adoption of blockchain tech in Europe. The political dimension should be clear for us /pol/ bros, we will use our crypto fortune as shields and swords to liberate us and others from (((them))), as good as we can.

[Anonymous No.22020796]

[Anonymous No.22021225]

...

[Anonymous No.22021239]

>>22021225
Is that Bogdanoffs son on the lower right?

[Anonymous No.22021244]

>>22019145
>4.3 ml
I wanted to roleplay in your fud, but it's just sooo pathetically bad and uneducated I just can't.

[mikefrommooncrash No.22021490]

>>22020594
patricio is a crackhead?

[Anonymous No.22021649]

>>22011390
I don't have any LINK, missed the boat on that despite numerous opportunities to get in. Not bitter at all though, because there's always going to be something that comes along (LIT, for example) that's a worthwhile project to get behind.

>>22013333
>Green ID
>Quads
I'm thinking we're golden bros.

>>22019909
I'm going to see if it dips any lower by tonight, and if it does (or at least holds at where it is) I'm going to dump another hundred or so at it. I may have the 5k minimum at that point to start staking, so that'll be milestone #1 accomplished

[Anonymous No.22021808]

>>22021649
Congrats fren, 5k is a nice start. I started with arout 4k last year and I'm currently sitting at around 20k. I lost money on my initial investment but I still believe in the project.

[Anonymous No.22022073]

>>22019899
>>22019933
>>22019962
>>22019995
>>22020020
nice analysis, makes me feel comfy

[Anonymous No.22022230]

[Anonymous No.22022433]

>>22019899
>>22019933
>>22019962
>>22019995
>>22020020

[Anonymous No.22022463]

>>22020437
So I could expect 5-10$ within a year? Decent.

[Anonymous No.22022520]

>>22010537
My laptop broke how can I buy with just a phone?

[Anonymous No.22022525]

[Anonymous No.22022570]

>>22022520
I'd try hotbit.

[Anonymous No.22022640]

>>22022570
Sure you would you retard kek

[Euronymous No.22022707]

>>22010537
This meme is hoter than the rsr threads. Where to buy

[Anonymous No.22022723]

>>22022520
Uniswap is how I got mine. Most people here seem to go through idex and I know you can navigate the site on mobile. Looked a little clunky but I know it can be done.

>>22021808
As of now I'm about break even on it (bought 1500 around .13 and 1000 at about .17 or so). It's one of those where price doesn't matter so much, I'll keep adding to it. Once it gets to .50 I may cool off a bit since that's the point I expect more people to find out about it and it will probably take off from there.

[Anonymous No.22022779]

>>22022723
Where do I store them if I buy on phone?

[Anonymous No.22022790]

>>22022779
You can use the Trust Wallet for that.

[Anonymous No.22022958]

>>22022707
It's in the OP.
Idex or Uniswap but are DEX'es with high ETH fees.
Hotbit is a bit of an unknown chink exchange. Most people use IDEX.

[Anonymous No.22022986]

>>22022958
IDEX fees are low. Only uniswap is suffering.

[Anonymous No.22023220]

>>22013333
>>22013400
Just bought another 12k.
I'm at 72k now, where around 51k are staked. Will have another look at how the taxes for staking work and then maybe stake the remaining 21k. But now I absolutely do have no more money to put into except coins from which I also do not wish to part

[Anonymous No.22023714]

>>22022790
It's not even on the trust wallet wtf. If I buy off the ico is it stored as ethrum or something?

[Anonymous No.22023764]

>>22023714
You must add the token contract adress I think. Or just search for the token in the search bar. I promise you that its there. I hold a couple LIT like that

[Anonymous No.22024423]

>>22023764
>You must add the token contract adress I think

How do I do this cause its not on search bar

[Anonymous No.22024485]

>>22024423
find the contract address on etherscan and paste it into the search

[Anonymous No.22024501]

>>22024423
How new are you anon?

[Anonymous No.22025134]

bump

[Anonymous No.22025353]

>>22024501
Usually I buy off exchanges. Newish to crypto. Could have bought 300 link for 500usd they make this shit hard to buy btc for canadians.

Looking at lit and bzrx I hold 152link I bought for 1430 cad all together

[Anonymous No.22025554]

>>22025353
Canadian? Use ShakePay to buy ETH/BTC, it's the best option in my experience. As for storage, check out the MEW wallet app.

[Anonymous No.22025744]

>>22025554
I'll check out mew. I wish I could buy it off an exchange but I get why I cant. I'd be satisfied with 2-5$ per lit within a year

[Anonymous No.22026382]

>>22025744
$100 is FUD

[Anonymous No.22027157]

Good news: ETH is pumping and LIT is dumping. By nights end you should be able to get the most bang for your buck litties!