What is Lition?
Lition, in co-innovation with SAP, is a foundation that develops the next generation blockchain infrastructure designed for businesses to bring blockchain applications from their currently predominant Proof-of-Concept stage into commercial products with mass-market adoption in a legally compliant way.
Their infrastructure is the only scalable public-private blockchain with deletable data features. SAP, a company with >400.000 customers and the power of >10.000 developers, is developing the decentral ledger and smart contract layer, with Lition providing the open consensus layer.
What are the value drivers behind the token price of LITION?
The main value driver of the LITION token is the demand for the primary token use cases such as transactions (gas), staking for correct network behavior, the spawning of private sidechains by dApp developers (token rent) as well as the support of host tokens of companies and ICOs. Next to the use cases for the energy industry, any sector involving regulated, private data at high throughput will benefit from the new technology provided by Lition.
Lition ICO Roadmap
Company incorporated Initial Fundraising Licensing process for electricity supplier initiated Alpha version of app First partnerships initiated
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)
Lition tariffs are available to mass-market (>41 million households) First customers connected (households 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
Use case for electric vehicles piloted (with Chinese 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
Commercial readiness for electric vehicle charging use case (with Chinese partner) Launch of time-sensitive tariffs for customers with smart reader Expansion to Asian partners with P2P use case Testnet MVP ready Testnet Blockchain API Testnet Dev. Toolkit, Dev & Admin release
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
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
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