Lition

Lition

Created using Figma
Created using Figma
Lition is developing the only scalable public-private blockchain with deletable data features, made for commercial products. Designed with Lition's live P2P trading use case, and co-innovated with SAP.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • Probit
    LIT/ETH 8 minutes ago
    $ 0.1632
    $ 6.057 K
    -8.07%
    42.03%
  • Idex
    LIT/ETH 23 minutes ago
    $ 0.1569
    $ 162.501 K
    -10.04%
    91.50%
  • Hotbit
    LIT/BTC 37 minutes ago
    $ 0.1617
    $ 1.751 M
    -5.03%
    -7.20%
  • Hotbit
    LIT/ETH 37 minutes ago
    $ 0.1590
    $ 1.109 M
    -9.33%
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  • Bilaxy
    LIT/ETH 47 minutes ago
    $ 0.1463
    $ 19.943 K
    -3.25%
    -5.86%
  • Bibox
    LIT/BTC one hour ago
    $ 0.1610
    $ 24.76 K
    -8.05%
    130.19%
  • Bibox
    LIT/ETH 4 hours ago
    $ 0.1555
    $ 16.106 K
    -12.74%
    661.63%
  • Eterbase
    LIT/ETH 4 hours ago
    $ 0.1617
    $ 0.2548
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  • Eterbase
    LIT/XBASE 4 hours ago
    $ 0.1728
    $ 125.062 K
    -17.85%
    194.42%
  • Eterbase
    LIT/EUR 5 days ago
    $ 0.2252
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  • Eterbase
    LIT/USDT 11 days ago
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  • Dcoin
    LIT/ETH 27 days ago
    $ 0.1219
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  • C-Patex
    LIT/BTC one month ago
    $ 0.0017
    $ 0.2785
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  • C-Patex
    LIT/BLC one month ago
    $ 0.0011
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  • C-Patex
    LIT/LTC one month ago
    $ 0.0014
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  • MXC
    LIT/ETH one month ago
    $ 0.0849
    $ 1.363 M
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To be announced
Token Details
Accepted Currencies
ETH, BTC
Company Details
Registered Country
Liechtenstein
Additional Details
MVP/Prototype
Yes
Whitelist
Yes ,
KYC
Yes
Categories
Platform

About Lition

Lition is developing the only scalable public-private blockchain with deletable data features, made for commercial products.

This state of the art protocol enables blockchain based applications to step out of their current niche into commercial mainstream deployment.

To create the standard blockchain for business, Lition is co-innovating with SAP, the world's largest maker of business software.

By combining a permissioned distributed storage engine from SAP with Lition's permissionless consensus system, we're giving businesses a high-throughput, low-latency private transaction solution with public validation for select records.

Features

Private data is stored on private sidechains. Quantum-computer safe.
Store your private data only as long as you want to. Fully compliant with data privacy regulations
Every new sidechain increases throughput. Cross-industry use cases and applications.
Our blockchain is informed by our own hands-on experience of Lition’s commercially productive dApp
Made possible through the invaluable expertise and support of key industry players

Lition Roadmap

  • Q4 2017

  • Company incorporated;
    Initial Fundraising;
    Licensing process for electricity supplier initiated'
    Alpha version of app;
    First partnership initiated.
  • Q1 2018

  • License as electricity supplier in Germany obtained;
    Energy trading platform beta-test;
    First green power plants connected to Lition Energy Exchange;
    First employees on board (4 internal and 6 external).
  • Q2 2018

  • Lition tarrifs are available to mass-market (>41 million households);
    First Customers connected (household and SMEs);
    Scaling up connected green power plants to 18 GWh in Germany;
    Integration of smart reader use case;
    Business requirements for blockchain infrastructure specified;
    Design of technical blockchain architecture initiated;
    Technical advisory with SAP starts.
  • Q3 2018

  • Use case for electric vehicles piloted (with Chinese
    partner);
    Use case for P2P applied for energy retailing piloted (with
    Asian partner);
    Leading energy partners onboarded;
    Lition staff grows to 25 (internal and external);
    Lition representative office opened in China;
    Technical whitepaper released;
    Blockchain prototype;
    Development with leading tech partner starts.
  • Read More
  • Q4 2018

  • Commercial readiness for electric vehicle charging use case
    (with Chinese partner);
    Launch of time-sensitive tariffs for customers with smart
    readers;
    Expansion to Asian partners with P2P use case;
    Testnet MVP ready;
    Testnet blockchain API;
    Testnet Dev. Toolkit, Dev&Admin release.
  • Q1-Q2 2019

  • Expansion of P2P trading use case also for large industrial
    clients;
    Launch of smart grid use case;
    Launch of energy-data driven recommendation use case;
    Testnet 1.0 Public release;
    First use cases migrated
    dApp Partners onboarded;
    Team Scale-Up.
  • Q3-Q4 2019

  • Growth of partner network within Energy sector;
    First pilots of regulated industries outside Energy sector
    that deal with private data;
    Mainnet 1.0 Public release;
    Testnet Update;
    Large-scale use case migration.
  • 2020

  • Large-scale marketing for ecosystem;
    Worldwide commercial, large-scale use cases of industries
    outside of Energy (mainly Healthcare, Finance);
    Mainnet 2.0 Public release with full set of features.

Activity

Posts:
609
VERY HIGH
Followers:
3 300
MEDIUM
Likes:
3 138
MEDIUM
Followers:
21 581
VERY HIGH
Tweets:
1 298
VERY HIGH
30 Days Growth:
846
Members:
8 734
HIGH
30 Days Growth:
140
Alexa

Rank:
757 482
LOW
Delta:
-215 381

Lition Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Dr. Richard Lohwasse...
Co-Founder & CEO
unverified
Dr. Kyung-Hun Ha
Co-Founder & COO
unverified
Manfred Gabriel
Board Member
unverified
Jan Wiedenhaupt
Board Member Legal/Finance
unverified
Reinhard Lohwasser
Board Member Technology
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Jürgen Müller
Technology Advisor
unverified
Kelly Ford
Sales & Marketing Advisor
unverified
Sang-Seop Lee
Advisor Blockchain & Energy Use Cases
unverified
Markus Bick
Advisor for Research
unverified

9 ICO

$364 992 953

Eddy Travia
Advisor Digital Token Economy
unverified

Lition Last News

$ 0.1604
-6.95%
Coin Stats
Daily, %:
-6.95%
Weekly, %:
-49.76%
Monthly, %:
-1.81%
Market Info
Market Cap:
$ 4.254 M
Volume 24h:
$ 3.072 M
Circ. Supply:
26.527 M LIT
Ticker:
LIT

Lition Reviews

DiddyCarter
B-
This is the first project I have seen having an actual SAP member as an advisor. The CTO of SAP has Lition in his LinkedIn profile which shows the project is legitimate.
Lition already has a working product in the form of a P2P Energy Trading Exchange dApp that generates revenue and has real world customers.
Testnet will be launched before token sale which gives potential investors a glimpse of what they're investing in
Mainnet launch is scheduled for 6 months after token sale. This is a long time for investors to wait to use the tokens (though the team said tokens could be staked before mainnet)
They have implemented some anti-dumping measures such as "Hodl Highway" and offering no bonus to Private Sale investors to help prevent token dumping when its listed on an exchange.
They face a stiff competition with both traditional block chains and Layer 2 Blockchain Solutions such as Loom Network which is very similar to what Lition is aiming to do. Lition does have SAP as a partner but that still doesn't eliminate the over-saturated space it is going to be entering.
-Soft Cap has already been reached which gives them enough funding to finish the project and with token sale yet to be completed, they should be able to raise more money for supporting themselves long-term.
The success of Lition depends on it having Dapps that would bring in users to the network. There are currently a lot of blockchains out there with little to no actual users due to the fact that they dont have that many Dapps.
Lastly, I wished this used a two-token model with one being the current utility token and the other a dividend/profit sharing token with holders owning some % of the company. This is just a personal preference and I know it is not easy having a security token due to the legal aspects of it being a security, but if this bear market has taught me anything, it’s that utility tokens are not being viewed as favorably as they were in 2017 / early 2018, and the market is moving towards security tokens.
Read More
Crypto Calibur
86
The team at Lition is developing a highly scalable next generation blockchain project that incorporates both public and private blockchains aimed at enterprises and various commercial entities. Lition enables the deletion of data stored on the blockchain and is tasked with allowing businesses to produce DLT based commercial products, and to move seamlessly from the Proof-of-Concept stage to creating legally compliant, blockchain based applications that are ready for mass-market adoption.
Lition aims to do this by making use of permissioned sidechains that can be altered as required, in addition to permissioned and permissionless nodes, with the project also incorporating a Layer 2 scaling solution to improve speed and efficiency. The team are working in conjunction with SAP, the world’s largest producer of business software, and the combination of a permissioned distributed storage engine from SAP and Lition’s permissionless consensus system provides businesses a high-throughput, low-latency private transaction solution with public validation for select records. Early on in their whitepaper, the team outline the following key features:
• A light client that can run on IoT devices.
• Low transaction costs, smart contract executions now cost $0.60 and are set to drop to $0.01.
• Fast block confirmation times of 1 to 3 seconds.
• Private Sidechains for private data.
• API interface for chain/backend communication for easy developer access.
• Data can be deleted from the blockchain
In order to be a leader in the provision of commercial blockchain services, the team plan to comply with GDPR (General Data Protection Rules) which is prevalent in the EU, and as a result, anyone will be able to store their private data with the knowledge that it can be deleted whenever necessary, while highly sensitive data can be stored on private sidechains and also remain safe from quantum-computers.
Read More
Midgard Research
Lition is developing a scalable public-private blockchain with deletable data features (GDPR complaint), made for commercial products. 
The team consists of individuals with a broad set of skills and experience in large corporations.
CEO&COO have been working together on top positions in big European utility corporation Vattenfall. 
Dr. Jürgen Müller (CTO and Board Member of SAP), acts as an advisor of Lition as the project has strong ties with SAP (Enterprise Software Giant). 
The project has been in operation since the end of 2017 and the team has already commercialized the world's first P2P Energy Exchange dApp in a mass market (Germany). 
Apart from energy sector, the team states that they will provide the solution that can be used in every industry that operates large amounts of data. The team is also planning to provide tools for asset tokenization (STOs). 
Testnet is set to launch on 21st of February at the SAP Data Space in Berlin.
The HC is currently set to 8M USD and the soft cap of 2M USD was already raised in the seed round.
 
There is no no bonus for private sale at all, while there was bonus (40%) for seed investors. 
We are putting the project On The Radar and will provide more details about Lition in future.
Read More
dbcrypto
B
Lition is a project with big ambitions with a broad scope of application. The team want to bring blockchain technology into mainstream use, with a particular focus on enterprise.
The team appears capable, and emphasis should be placed on the collaboration with SAP. This relationship should open many doors for the team and project to make good progress quickly in Europe but especially in Germany.
The use-cases that the team have proposed seem valid, it’s just going to be about onboarding users and integrating with existing enterprise processes that could be difficult.
Read More
OhHeyMatty
84
Read More
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