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Lition (LITION)

ICO starts
01.03.2019 00:00
ICO ends
31.03.2019 23:50
Token
LITION
Base
Ethereum
Category
Business Services & Consulting
Country
Liechtenstein

Features

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.

Blockchain development is co-innovated with SAP, whose chief innovation officer Dr. Jürgen Müller is also Lition’s
advisor. SAP, a company with >400mn users and >10.000 developers, is developing the decentral ledger and smart contract layer, and Lition is providing the open consensus layer. Lition will run the public mainnet using Lition tokens issued in an ICO for transaction execution, staking and sidechain creation.

Lition is well positioned to design a blockchain infrastructure for business use, as it launched the world’s first P2P energy trading dApp that is commercially live in a mass market with real revenues and real customers in over 10 cities.

Next to this already-existing P2P trading dApp, there are many more use cases with initial implementations in the green energy space, with potential to disrupt the finance sector and beyond. Furthermore, SAP can easily implement this blockchain into their existing customer base of >400.000 making them immediately ready for blockchain use cases. It is therefore well positioned to be the standard mainnet for business applications.

ICO Details

Token Sales

Price in ICO: 1 LITION = 0.10 USD

Soft cap: 5,000,000 USD
Hard cap: 25,000,000 USD
Tokens for sale: 250,000,000

Token

Restricted areas: USA, China

Token distribution:
50% - for Sale
25% - Support ecosystem users/companies (lockup)
11% - Team, creators, advisors, future employees (lockup)
8% - PR & Community (lockup)
6% - Motivate ecosystem developers (lockup)

Funds allocation:
Use of proceeds (upon reach of soft cap):
52% - Engineering
19% - Use case activation / Business development
10% - Legal & Transaction costs
10% - Marketing outside of use-cases
7% - Developer community support
2% - Other / Reserve

Use of proceeds (upon reach of hard cap):
43% - Use case activation / Business development
28% - Engineering
10% - Marketing outside of use-cases
8% - Other / Reserve
7% - Developer community support
4% - Legal & Transaction costs

Accepts

BTC, ETH

Team

Richard Lohwasse

Co-founder, CEO

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