>AMA Oct 15 Highlights: - 'Genesis' staking phase no longer needed, active energy usecase guarantees 20% APY for stakes. - Mainstream exchange listing to be announced this month - Lition will be expanding its energy blockchain ecosystem by adding a price oracle with the industry leader in this field - In the next two weeks "very, very special unique news" will be announced for something that has never been done before in the "blockchain sphere". This will be announced with Lition's partners and will include a redesign of the Lition website. - New use case announced with Docmosis: docmosis.com >Watch the AMA here: youtu.be/YdIg4y6TRUg
posting here since too since i didnt notice there was a new thread: can someone explain something to me here is the deal i had discussions about lit with other anons before and the anons here are surprisingly ... smart for a lack of a better word
see when i ask questions in other threads i get called a fudder but when i ask questions here i get legit replies which is really fucking good
so, here is my problem with lit >why does it only have a 4m mcap? i literally dont get it I'm invested in two other lowcap coins that will 25000x but they only get 10 IP's per thread, which is a good thing. the mcap of those two projects is 10m.... but lit threads get 60-80 fucking IP's see the problem?
why, does anyone genuinely have an answer to that? also main other problem with this project is that businesses are just not gonna use it, any answer to that?
I would normally take your question serious but your dumbass actually took the numbers from coinmarketcap instead of the numbers from tcoingecko. (Mc is around 8-8,5 mil, since even coingecko is not fully up to date with burns)
James Bailey
>how long of a hold do you guys think LIT is? I'm living off of the staking rewards.
Jacob Foster
you know that's funny because every time I check mcap's on gecko I get wrong numbers so I started to take them from coinmarketcap, my mistake
Jayden Rogers
>can't be bothered to look up real market cap And >says businesses won't use it So seems to kind of pointless to argue after that. After all, a real business is using it right now, producing staking returns based on the number of tx from that real business. >the mcap of those two projects is 10m.... but lit threads get 60-80 fucking IP's Also can't tell when quality buzz in relation to market cap indicates a screaming buy.
Angel Russell
>why does it only have a 4m mcap? It doesnt. It has about 8M. There should be close to 70M tokens in circulation right now. The community is very heavily centered on Zig Forums Without Zig Forums it would probably be at 4-5M mcap. You also need to change your mindset. That it's a lowcap coin is not a problem. It's an opportunity.
>businesses are just not gonna use it, any answer to that? IMO the players that will make the biggest profits by using crypto technology are not the big corporations of today but the startups. IBM is not the big winner of the internet. Amazon is. In 1998 IBM was 100 times as large as Amazon. Businesses are not going to start using it. They are going to get founded with the concept of being a crypto (lition) usecase in mind. But that's my personal take.
Adrian Brooks
Far and away the biggest problem is the large amount of heavy bagholders from the ICO times, this dumped hard when mainnet launched the first time
Daniel Smith
>also main other problem with this project is that businesses are just not gonna use it, any answer to that? If businesses won't use a highly scalable and GDPR compliant blockchain then they won't use anything at all. Why did SAP co-innovated with Lition? Why do you think their CTO and executive board member co-wrote Lition's technical whitepaper if they're not going to use it and have no interest? Even if no other business uses Lition, Lition Energy provides a major use case just on its own.
This just stems from a complete lack of research. You're probably American and don't understand what GDPR even is.
Aaron Thomas
>this dumped hard when mainnet launched the first time You mean that first time they attempted to launch mainnet and failed to do so. Which would explain the depth of the dump. I have dumped on a failed mainnet or two in my time.
Austin Clark
>this dumped hard when mainnet launched the first time No they didn't. They dumped before the mainnet launch at the token unlock. And they're now out of the picture so it isn't an issue.
Brandon Ross
So much both of these.
Kayden Ortiz
how much lit you need to live off the staking?
i have like 5k, i paid 200$ for it.
Zachary Edwards
>Businesses are not going to start using it. They are going to get founded with the concept of being a crypto (lition) usecase in mind. This is great.
Adam Allen
damn, how much you getting from staking? and how did you get the money for the investment? Im like 21 and hoping to eventually be in a position like this
Sorry I worded that poorly. My plan is to live off my staking rewards.
Jose Perez
Ohhhh I see. Whats your price prediction then?
Andrew Allen
How much do you need for living per month?
Leo Jackson
I bet he is either running at least a 400K Trustnode or 1M LIT on LPS for mostly 12-month stakes. Or even more than that if more shorter-term stakes are involved.
With a little over 100K staked (more to come), and more than half for 12 months, I'm earning ~$10/day in LIT. Once I've staked my next 50K for a year, I hope to bump that up to $15.
I need 10x this daily amount to live, so I look forward to at least 10x more tx via both more customers and more use cases soon.
