/biz/ - Business & Finance

Is the LIT future distribution and supply plan still valid?

>>23576103
They have 2.95 Million team tokens due to be unlocked in April but that doesnt seem like a big draw at $0.12.
However they could have just held up appearances and hoped it would rally to $1 on hype.

20%? Where the fuck did you get that from lmao.

>>23474767
Circulating supply increased 25% in a year.
Price increased to 13 cents from 6 cents a year ago.
MCap steadily rises 170% since last year
>still under 10M

Are the tokens from October already released?

>>21922794
We're at 68 million now.

>>21920426
That's not the team.
Thats early investors requesting their unlocked tokens to be transfered so they can sell.
I reckon that the token unlock is something akin to an email being sent around 'you can now withdraw your tokens, please notify us to which address you would like them to be withdrawn' because these were boomer investors that didnt even have an ethereum adress at the time of the ico. And many have just left their 'unlocked' tokens in the pool of the mainwallet.
Please disprove this theory by pointing me the date in July where last token unlock happened and 8516250 tokens left the wallet and got distributed as that was the amount that got unlocked. Protip: you can't. Many advisors and investors opt to keep their unlocked tokens in the original locked pool and tokens trickle out at a slow pace. Yet you reeeeee about dumping every time a small trickle happens.
https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2?a=0xa7d77697427f2569de74f077728bd28ef4f94ccc
Team and investors dumping FUD BTFO

>>21920426
That's not the team.
Thats early investors requesting their unlocked tokens to be transfered so they can sell.
https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2?a=0xa7d77697427f2569de74f077728bd28ef4f94ccc
I reckon that the token unlock is something akin to an email being sent around 'you can now withdraw your tokens, please notify us to which address you would like them to be withdrawn' because these were boomer investors that didnt even have an ethereum adress at the time of the ico. And many have just left their 'unlocked' tokens in the pool of the mainwallet.
Please disprove this theory by pointing me the date in July where last token unlock happened and 8516250 tokens left the wallet and got distributed as that was the amount that got unlocked. Protip: you can't. Many advisors opt to keep their unlocked tokens in the original unlocked pool and tokens trickle out at a slow pace. Yet you reeeeee about dumping every time a small trickle happens.

>>21798883
>>21799564
>>21800595
Thus to recap Lition team controlled adresses hold 4.83M tokens in smaller than 1 mil adresses (probably used to buy and sell)

The 5.557M adress and the 4.221M adress are part of the staking pools system.
The rewards that have already reached 3.4M tokens are not yet included. Probably these tokens will come from the wallets that have been set aside in either the 7.6M one or the 10.6M one.

So as of now the top 3 wallets hold 52.95M LIT of which
3.4M LIT is allocated to the staking pool rewards that have already been allotted.
14.1M LIT is allocated for future seed/advisors payouts.
2.95M LIT is allocated to future team members payouts.
19.5M LIT will get burned.
6.08M LIT is allocated to future ecosystem payouts.
7.15M LIT is allocated to future community payouts.
It checks out.

So the maximum amount that the team can possibly dump is 4.83M tokens they already hold and perhaps a part of the 6.08M of ecosystem unlocks (and the 2.95M but that is their personal stash.)
The whole notion that the team can dump in perpetuity and is exit scamming is absurd. They have max 10M tokens that they will be able to sell over the coming years, which is 16% of circulating supply.
Meanwhile sergay is dumping 500k a week and has 616M Link left to dump, 160% of circulating supply. This is so fucking bullish...
More info here:https://medium.com/lition-blog/lition-token-distribution-and-supply-update-4a62bdeff9c6