Lition retirement

So i need realistically 400k for my 2000/month
BRB buying lit

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lition sounds like some special lubricating lotion advertised on pornhub

I think that, all depend about the use cases they will bring.

Lets see.

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Based

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Saved. Loving it
TY user

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Smart move of your life.

Thank you, bigger version.

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i staked 9k, i sold my pnk and want to buy more lit. Can i stake above the others or do i have to make i new stake with again minimum 5k LIT?

Yes. You always need 5k to commit for a stake.

top kek

Imagine still buying / shilling shitcoins in 2020
The fucking state of Zig Forums

12k litlet here
how much to make it?

10k suicide
100k make it.
Which basically means 7k and 70k and then stake them for a year.

>shitcoin
>SAP is a partner
choose one, senpai

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Yeah, 100k is pretty much the solid make it stack. Get it while it's cheap and available, at least 70k and stake it and you will be there within a few months.

>>litionstaking.com/

Why doesn't daily income increase if LIT's token prices increases? LIT can be $10 or $0,10, the resulting daily income stays the same.
Or is it because transaction costs are pegged to some LIT/$ value?

The daily income comes from transaction fees.
Which are pegged at 0.01 USD.
I don't know how this pegging mechanism works though.

because we are still in genesis phase. Change the "lit prices" in the bottom to lets say 5$ and then put the genesis phase slider off to get an errection.

Yeah the income from staking is only good for like a month, same shit happened with LPT. First it was 200% return, a week later its 150%... on and on. Now its like 10% and the coin itself is worthless.

no you are putting the genesis phase slider on.
Genesis phase = high stake rewards
The price doesnt influence the staking rewards.
Only adoption does.
Adoption influences staking rewards
Staking rewards influences the price
Not the other way around.

>Brainlet ? You didn't read the whitepaper right ?

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how to buy this scam coin?

Idex, but stick your money into ZCN then take the profits out for more bang to the LIT buck

Will they ever get on a real exchange? Nowadays coins can't moon to LINK levels unless its on a major exchange. Also doesn't have the benefit of QNT or UBT for burgers to pump us.

Accumulate till they will be on better exchanges

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Wow you are a brainless, stop talking shit. The rewards are increasing.

Yeah but during genesis a big part of the rewards comes from community funds i thought.
Anybody know how much?

If you lock in for 12 months, x1.8 your normal rewards

Congrats faggot, you made me buy 1k of that shitcoin. At least there are Germans behind the project so it is not coming from the ultimate shit tier nations.

Now what the fuck do i need to do for stacking.
Run my own linux node? Me no comprende.

You need 5k to start staking. Everything explained here staking.lition io/faq/

>1k
ngmi

medium.com/lition-blog/lit-staking-update-33d4035082c8

talks about running an own node and whatnot starting at 1k

5k are almost 2eth.
i am too poor to gamble that on a random shitcoin.
what to do now?

Buy what you can and HODL

What happens if I stake now and lock my LIT up for a year, then buy more? Can I stake the new LIT?

I wanna keep accumulating but I'm worried shit will go down more in the upcoming BTC crash (usually happens after the halving), anyone waiting to accumulate? Price points? I wanna get some more under 6 cents I think but it could potentially go a bit lower, maybe as low as 4 cents before a rebound

Yep you can stake as many times as you want with different amounts from the same wallet

Thanks

>random shitcoin
you fucking retard

Diversify and it's less of a gamble, I get the skepticism for any crypto project but user this one is a legit moonshot (imo). Locked supply, very low marketcap, it's ripe to moon

in hwat form and when do you get the non-compounded rewards?

That's not what I'm saying.
What stash of funds do the genesis rewards come from?
Answer: the community funds
Well these funds got slashed with the last token burn.
Only 7 million left or something.
When they run out, genesis phase is over and so will the high staking rewards.

it still feels like it. here are my shitcoin moves:
arpa +41%
pnk -19%
nkn -1%
hex +59%
dna -24%

overall eth did in about the same timeframe 29% and btc 25%
unless one really hits a 10x, the big boys are almost performing the same.

I don't understand, how can we influence the staked vs circulating tokens?

Who decides the amount of use cases?

FUCK
I was waiting for it to hit CA$0.01 so I could pick up a 5k stack for $500. It was at like CA$0.0108 when I went to bed, but now it's pumping again.

Lition community is so salty

no lol

2020 will be Lition year. Just check the roadmap for Q3 and please dont masturabte.

medium.com/lition-blog/lition-roadmap-2020-cfe1344604dd

use cases is just how much 'real word' usage of this there is, like the energy one right now. They plan on being around 20 by the ed of next yar, which seems ambitious but they do have solid (and rich) partners. Total tokens stakes is literally ho many people are staking there coins.

The good tokenomics here is that the more staked the less the rewards, but the more staked the higher coin price and thus an incentive to sell. Especially if you get in early that's really great. Obviously there is nothig without risk in crypto and investing but this project is legit the best to invest in right now

SAP is also listed as a partner with UBT.
UBT is also people in Germany and they also do the whole 'get businesses into blockchain'-schpiel.

Basically why does Lit even operate as a crypto? Why not just ditch crypto and blockchain and run their energy-thing as a normal business.

Sure right now, but in a bull market (and in altcoin season) this will change fast

you got me. where can i get this in NA?

Hotbit

At the beginning they just wanted to make a business centered around p2p energy market, blockchain being the most cost effective way of doing it. I think SAP are the ones that pushed them to expand their blockchain to other applications, as a GDPR compliant blockchain has some intrinsic value to it. There might have been an interview where they talked about this

That's pretty damn bullish. This may actually be the next UBT

They would need an internal ledger anyway to keep track of their customer's transactions.
It wouldn't be as secure as running on a blockchain.
Was easier to get private investors on board.
And now they have the ledger running public and secure and they can use that as a product for other usecases, see the syndicated loan thing with volksbank raffeizen.
See also how they almost got germany's covid tracking app to run on Lition.
They just saw a need that Lition energy had and by making it into a blockchain, they can export that product to other companies and projects that have the same need.
They're just thinking bigger than just Lition Energie.

ok /biz I invested 5 Eth into this lets see how it turns out

based and bullpilled.

See you on the moon bro

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legit stop buying please let it drop back to 0.05usd

About to buy 400k of these shitcoins, how stupid am I?

Last time the board was like this we went from 0.0004 to 0.0012.

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I hope you know that you should take your time with this thinly traded coin.
Also to all anons, you can game the bots on idex.
They are usually at one side of the order book.
If you want to buy while they are on the sell side of the order book, what you do is you place an order for 1k LIT just below their sell price, they will underbid you. Then you put another one a little bit lower, they will again underbid you. You can keep repeating normally till the spread has narrowed from 100% to 20-30%.
Then you just buy their orders and delete yours.
Now they will pop up on the other side of the order book.
You can move them up as well by outbidding them.
If you wait a while, they'll even outbid whatever you bought them for in the first place.
Just play around with them a bit, there's profit to be made by gaming these bots.
I no longer do this because my bags are pretty fucking large so I dont care about making 100 or 200 bucks in a night of gaming bots desu.

depends, if you didn't stake all right away you're retard, if you did than you are on your way to the moon

haha awesome, will give this a try to fill up my orders!

Holy SHIT ! Model without use cases and just 400k households !!!

>>I'm buying more.

energytransition.org/2018/02/high-german-power-prices-low-monthly-bills/

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Ok I bite. Where can I buy this shitcoin?

Bro im as bullish as the next litianer but that would be 36% of the supply. Unrealistic imo

Thats not realistic.
1) Richard has many times said that a household almost spends 1000 euros per year in Germany.
So thats already just 1/3rd of your example.
In addition, not all of that is going to be paid in Lition, the currency.
And even if it were, it would not constantly get bought up and held. It would get bought, sent to an energy provider who would then sell it.
So it would be as if this would be a supply of lition that would be temporarily unavailable to the market to be bought and sold on exchanges because it would get used in transactions.
Kinda like the staking pool.

Yes. Maybe a 1 Lit divisable...

I don't see any good reason for this to not be on Uniswap at least right now. the team should make it a priority and seed the pool. it is a difficult token for burgers to get a hold of right now, but as soon as that changes I expect it to run up quite a bit more.

no, they are just germans

Bring us your model !

energytransition.org/2018/02/high-german-power-prices-low-monthly-bills/

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