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Lition

ICO

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

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Overview

Project industryBusiness Services & Consulting
Product typeTechnology

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What is Lition

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

Users can store their private data only as long as they want to. Lition is fully compliant with data privacy regulations.

Details

Public sales: Mar 01, 2019 - Mar 31, 2019
Token supply: 250,000,000
Soft cap: 5,000,000USD (fiat)
Hard cap: 25,000,000 USD(fiat)

Legal

Country limitations: China, United States, South Korea,
Registration country: Liechtenstein

Token info

Ticker: LITION
Type: Utility-token
Token price in USD: 1 LITION = 0.1 USD
Accepted currencies: BTCETH
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

Lition Roadmap

1
Q4 2017

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

2
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).

3
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.

4
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.

5
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.

6
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.

7
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.

8
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.

Advisors

Sang-Seop Lee
Sang-Seop Lee
Advisor Blockchain & Energy Use Cases
Markus Bick
Markus Bick
Advisor for Research
Markus Bick linkedin
Eddy Travia
Eddy Travia
Advisor Digital Token Economy
Eddy Travia linkedin
Jürgen Müller
Jürgen Müller
Technology Advisor
Jürgen Müller linkedin
Kelly Ford
Kelly Ford
Sales & Marketing Advisor
Kelly Ford linkedin

Social media

Lition web-siteLition MediumLitionYouTubeLition TelegramLition LinkedInLition TwitterLition Facebook

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