How is this shit not over 100M? They literally provide elecricity to 50k+ German households which nets them 7m in earnings yearly.
Even with a conservative P/E ratio of 15 it should easily be over 100. Probably over 1b given how much vaporvare there is in the crypto space
Other urls found in this thread:
thedailychain.com
financefwd.com
twitter.com
How is it not even over 10m?
how much do earn for staking though? does it match the p/e?
How about you shut the fuck up and delete this so I can continue buying for cheap. IGNORE THIS, THE DEVS ADMITTED TO RAPING DONKEYS THESE GUYS FUCK GOATS TOO.
They're not fixed. Not sure what exactly this means as i'm not staking myself.
I was talking about how they were earning 7 million ALREADY utilizing blockchain technology.
How many other projects is pulling those numbers? Most of crypto projects are just fancy whos which potential is never even close to realized.
don't trust german companies
never trust them
Who to trust if not the ubermensch? Chinks? Gooks? Pajeets? Burgers?
if they are earning 7 mil and they have a fully diluted market cap of 16 mil, thats a p/e of ~2. a p/e of 50 means they are 25x undervalued even at current earnings, which would mean lition is by far the most undervalued crypto project right now. so the important question is how much of the earnings actually go to token holders?
Tokenomics is trash
Have you considered that maybe Lit plays no part in all of this?
germans are not who they used to be
they are npc's with no values and ambitious, they are ngmi
living here was the biggest mistake
i like lit, don't hold any thoughts
I'd only trust burgers, bongs and estonians
Where can I find their financial statements? Nothing is on their website
You can ask that from the german government I think. I think some anons did.
I can't find the exact article where their total clients were disclosed, but here's an interview where the usecase was discussed - most interestingly
thedailychain.com
We built a peer to peer energy trading platform that connects clean energy producers and suppliers directly with end users on the blockchain. Our dApp was launched in April 2018, and we now serve customers in over 1000 cities across Germany. Right now, we connect up to 100 new energy customers per day.
We are able to provide consumers access to energy at a cheaper price while also empowering them to choose their green energy type and preferred supplier. By removing the middlemen and digitalization, we are able to save customers an average of 20% on their utility bills, and power producers are seeing increased revenues of up to 30%.
>Customers in 1000 cities
>100 new customers every day on average (seems fuckhuge)
Just ask yourself, which crypto project where you invested has the team already been profiting from the project itself rather than dumping coins?
How much do you think Sergey earns outside of the coins?
How much does Vechain earn?
Polkadot? Uni? Cardano? Stellar? EOS?
Probably a miniscule amount as the token price is in the center of attention, as it is their primary source of income.
About 30% APY
All of it. But the 7 million figure is coming from Richard saying Genesis phase is no longer needed as the usecase provides enough to deliver 20% APY but that they still need to migrate all transactions onto the blockchain (part of transactions are still running on private blockchain).
So basically as of now a lot of the staking rewards come from ecosystem tokens with Richard saying this is no longer necessary.
20% APY for 35 million tokens currently staked means 7 Million LIT in staking rewards. So it's 7 Million LIT, not usd.
Here's a German article (July) that said that last years revenue was 1.6 Million and that they aim for this years to be 10 Million.
That's a 6x and implies that the average number of customers should be 10k during 2020, so basically lower than 10k before july, 10k at july and higher after july.
It cannot only be proved from their financial statements not what the CEO says. If they truly made 7 million as confirmed in their financial statements then it would be the most undervalued crypto in this space of all time
*It can only
Vidt
CEO implies that the total transaction fees paid on the network currently stands at 7 million LIT per year and rapidly growing.
This is not the same as company earnings.
The company only owns x% of tokens staked and their earnings are thus only a % of this 7 million LIT or 900k USD.
Also company valuation is not entirely relevant to coin valuation discussion.
Maybe you'd appreciate this autistic post in picrelated.
Vidt is irrelevant through Lition's docmosis usecase.
You're an idiot. CMC is wrong. Circulating supply is 72 million, total supply after token burns is 100.5 million.
It does, so you're an idiot.
>If they truly made 7 million as confirmed in their financial statements then it would be the most undervalued crypto in this space of all time
Now you understand.
There has to be documents I dont care about what the ceo is saying. Why isnt there income statements showing Litions 7 million net income?
Thats not what I said so nothing was understood. Also how did the supply increase after a burn?
>There has to be documents I dont care about what the ceo is saying.
By the time there's certainty it will already be too late.
>Why isnt there income statements showing Litions 7 million net income?
Because it's a privately owned and isn't public you moron. If you cared as much as you pretended to care you would know the difference.
There are token unlocks. They burn the tokens after the token unlocks but there's still some left over.
>Because it's a privately owned and isn't public you moron. If you cared as much as you pretended to care you would know the difference.
I obviously considered that but an user above claimed that some people were able to get it from the German gov.
Even 1 million in yearly revenue puts them far and above most competitors.
How much do you think LINK makes a year?
I've been around for a long time of people successfully getting Lition income statements from the German government. It may be possible, I don't know German laws, but Lition being privately owned is still the reason why their income statements aren't floating around.
*I've been around for a long time and I haven't heard of people successfully getting Lition income statements from the German government.
Some people are mistaken or just make shit up.
SHITION
DEAD COIN