Lition

Is GDPR compliance the only use case with lition? it all looks very pretty but what is its full potential?

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Firstly you haven't even bothered to read the whitepaper (lition.io/docs/Lition_Whitepaper.pdf). Secondly, GDPR compliance isn't "a use case". It unlocks literally thousands of use cases by allowing many non blockchain European companies to take advantage of blockchain technology. Thirdly you say that as if GDPR compliance is more of a gimmick as opposed to something truly groundbreaking.

And somehow you know about Lition but you don't know about the energy business.

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This guy fucks.
GDPR isn't usecase, it's a feature. Well the deletable sidechains that make it GDPR compliant is.

The main usecase is a decentralized energy market, which it's sister company Lition Energie is executing. Lition Energie has about 10,000 german households already and is by now probably rising with 2000 a month. For this usecase they are already collaborating with Sparwelt.de (which made a tv ad) and N26, one of the largest internet banks in Europe.

But Lition is much more than that. Many usecases are thought out that could run on Lition, the next is syndicated loan dApps. For this they've already made a demo with Volksbank Raffeizen. This application will allow multiple banks to finance the same loan for example an appartment complex.

Next one up is one where they work with lawpilots to make their e-learning certificates certifyable on the blockchain. I think this dapp alone is similar to the entire usecase of VIDT which is crypto that is almost 10 times as expensive.

Then there are many more mentioned in the whitepaper but in the future it is expected that the community will start launching these apps instead of the team. Just like the token projects do on Ethereum. It's important to distinguish Lition the project from Lition the energy usecase because the project is like Ethereum while the energy usecase is like CryptoKitties.

You have no idea what you just stumbled upon.

thanks gentlemen. im going to read through the whitepaper. im just a little puzzled as to how its so low market cap.

>Lition Energie has about 10,000 german households already and is by now probably rising with 2000 a month.
I think they have closer to 50000. Remember, they're ahead of their target to reach 235000 customers by the end of 2022. And in the February AMA they said they were averaging approximately 100 customers per day. Later on I believe they've said that every month they have a 25% increase of new customers, but I'm not sure where they said.

You both get a round of applause.

>im just a little puzzled as to how its so low market cap.
You are on your way, grasshopper.

The reason why it's got such a low market cap is because lost year they had an issue with consensus. They've fixed the issue months ago and have just been doing a whole load of tests. They will launch the fix in Q3.

So gentlemen i've been reading the whitepaper and im impressed.

But what gives the lition token inherent value? does it need to be used by prospective customers?

This is indeed the reason. Big mainnet launch snafu.

They said in April they had solid 4 figure growth and 25% a month growth. I presume solid indicates 2 or 3 months of over 1000 customers growth.
Month 1: 1100 growth from 4400 to 5500
Month 2: 1375 growth from 5500 to 6875
Month 3: 1720 growth from 6875 to 8600

After that I'd assume only 20% growth

Month 4: 1720 growth from 8600 to 10320
Month 5: 2064 growth from 10320 to 12384
Month 6: 2450 growth from 12384 to 14834

Worst case scenario, April was month 2 and we're now in month 6 with about 13k households. Their growth targets to get to 235k by end of 2022 are probably exponential and they are hitting them by a wide margin so far. It's a bit puzzling how Richard high.iq can extrapolate with that much certainty from 7k to 235k but hey we dont call him Richard high.iq for nothing.

>does it need to be used by prospective customers?
Yes it needs to be used. The more transactions in the sidechain, the more rewards for the stakers. All of the stakers revenue is based on the number of transactions in the sidechain (as well as a couple of other factors). See litionstaking.com/. The staking rewards are static ie. They are the same dollar value no matter what the price of the token is. This means the higher the transactions, the higher rewards and the more people will buy the token in order to take advantage of the rewards. Of course companies (like SAP) will also need a lot of tokens in order to use it on their own sidechain. For the energy sidechain, it's the energy customers who are bringing their money into the ecosystem.

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If in February they had been getting 100 customers per day this makes it approximately 3000 customers not 1000. They had also been steadily accumulating customers all throughout 2019.

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I'm also not sure if that 25% number is correct.

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Every household needs to make a token transaction once a day. (larger companies can opt to send a transaction once every 15 minutes if the dynamic pricing makes it more beneficial to them). For the banking usecase every loan needs to make several payments over the network to many lenders.
The fee of these transactions is returned to token stakers. The fee is limited to 0.01 USD but I'm a bit fuzzy to how this is done.

When they get to their modest target of 250k households by end of 2022 we're talking about 2500 USD of daily staking rewards. And thats from the Energy usecase only and assuming no customer has dynamic pricing (which is 100 txs a day).
With other usecases, slight outperformance of the energy usecase etc it's easy to see 10k of staking rewards being generated on the network every day.
Currently only 28 million tokens are staked. By then maybe 40 million. That would mean 10 cents of staking rewards per token every year.

Now if you really want to talk potential. There are 38 million households in Germany and they will expand into Austria, the Netherlands etc. In green oriented Europe alone they could get to 10 million households and you could see several dollars of yearly staking rewards per token.

The real kicker will be when outside groups start to develop on Lition though. When a whole ecosphere of applications emerges, who knows how many transactions will occur, who knows how high the staking rewards and the price will go.

I think the price can go many multiples higher than the rewards in a bull market. So 100+ USD is not out of the picture.

Maybe they meant per working day which would be closer to 2k. But yeah you're right.

>The staking rewards are static ie. They are the same dollar value no matter what the price of the token is.
I thought there was only an upper limit. Do you know how the mechanism works to keep it static?

Wanted to reply to you

So is the token needed ...

If i can pay in other tokens but not LIT...

Why should i hodl LIT

Because LIT isn't a payment token. It's used to transfer data and information. Specifically for the energy use case, it transfers kilowatts per hour.

>several dollars of yearly staking rewards per token

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What do you mean by upper limit? Also when I said "static" I meant that it's based on transactions, number of tokens staked etc. and not that it literally stays the same.

Users need it to make transactions and pay the transaction fee.
Energy users, syndicated loan users, lawpilot users.
You need to see Lition as Ethereum.
An Ethereum with a higher possible throughput of transactions and an Ethereum with a GDPR compliant deletable sidechain option. But it's not a competitor to Ethereum it's a second layer, a feature of Ethereum.

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Wish I had just replied in one big post.

>Currently only 28 million tokens are staked. By then maybe 40 million.
Unlikely. Other sidechains (which there will eventually be dozens of) will compete for staked tokens. This will reduce the number of tokens staked in the energy sidechain.

>The real kicker will be when outside groups start to develop on Lition though.
Exactly.

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Ah I read 'transaction fees' instead of 'staking rewards'. With upper limit I mean the tx fees are limited to 0.01 USD, but I'm not sure there isn't a guarantee they cant be lower than that.

Yeah... This isn't the purpose of the Lition token. It's just a secondary use case. It isn't the reason why the token was made.

>You need to see Lition as Ethereum.
An Ethereum with a higher possible throughput

This. Some big holder here called that retarded, but that's how we get to $100b.

This is a scam and the team will dump on you until $750K cap again. Buy Verasity and stake.

Hi mikefrompakistan

>The real kicker will be when outside groups start to develop on Lition though.
>Exactly.

Yes. The energy usecase is to Lition what the DAO was supposed to be to Ethereum. Not only is the energy usecase already a way better application, by the time Ether hit 100 billion the most tangible dApp running was Cryptokitties. I understand 99% of the valuation was a projection of what could be done with Ethereum but still...

Stop shilling shition its getting embarrassing

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