/biz/ - Business & Finance

This is what I think of lition . smell it faggot.

>>21223512

based and gretapilled

when will this dump again? i want to go all-in on Litty

>>21223683
Lit is here to eliminate you gas-emitting planet-polluting faggots.

>>21223801
This is never going to dump we only creep up from now on this is what adoption looks like

>>21223801
There is no resistance now. Pretty sure it will hit at least 0.0005.

>>21223901
Sats?

>>21223934
yep

Who is the retard putting up increments of 0.16 eth in the order book lmao

>>21224395
makes really no sense with those fees on idex.

Shill me your shitcoin then faggots how lazy can you be

>>21224921
nobody cares schizo, fuck off

LIT is lit atm. love their approach of their decentralized renewable energy market place. got a good bunch of LIT already months ago. mainnet is coming, node onboarding is already running.

>>21225422
Stay poor litfag
You had 3 years

Is there a lition discord where we can share memes

>>21225779
t.me/lition_trading

>>21225779
The TG is our battleground and is very very active
. Memes are mostly shared in Litions unofficial trading group.

>>21225626
3 years to do x3, exactly right kek

>>21225937
go on IDEX, zoom out and read the chart properly. its a 3x in USD/LIT in the last 4-5weeks. slowly climbing streadily without stupid pump & dump, eating all sellwalls alive.

>>21225904
No good memes have come out of there. Most debut in the LITGENs

>>21225897
>>21225904
Ewwww, normies...

>>21225779
>where can we share memes?
He asks on 4chan.

>>21224921
Lition is a high throughput second layer solution on top of Ethereum. The big innovation is deletable sidechains so businesses can use public blockchain tech and remain GDPR (EU law) compliant. Lition bridges the gap between blockchain and non-blockchain companies and it’s speculated that SAP will be their first big user. To showcase the technology, they have a number of usecases.

The energy usecase provides a peer to peer energy market where you can pick the provider you like and switch on a daily basis (1 tx/day) or on a 15 minute basis (96 txs/day) to chase cheap energy. The growth rate needed to get to 250k households late 2022 is being exceeded. In 2 years we can see 500k txs, burning 5000 USD/day in gas (staking revenue). If EWT with it's limited energy use case and zero other use cases can get an $80M mcap on pure speculation, imagine what this can do. There’s also a syndicated loan dApp (DeFi) with Volksbank Raffeizen and a certificates dApp with Lawpilots (data validation). Other dApps outlined in the whitepaper will cause an ecosystem of projects around Lition to emerge.

Token utility stems from the need to pay gas (max 0.01 USD) like ethereum, to secure the network by staking them and from paying fees to open up sidechains.

Lition is very underpriced due to a lack of mainnet. If Lition was just another crypto project or a scam, they would have patched the consensus issue months ago. Instead they fixed it and are running months of tests to be certain that once they launch it, it works instead of slapping a temporary solution to capitalise on the hype. 99% of your blockchain projects are just copy pasting or saying they will get shit done. Lition tries to deliver. Not owning a bag is the most retarded shit I've seen in crypto because if they make it work and you don't own some, you will get left behind and you will live every single day in despair until the day you off yourself, and this my friend, is why we call it a suicide stack.

>>21223934
He means ETH.

>>21223996
>>21226276
i don't get how people are able to think in small decimals of eth and btc. i can't work out in my head what 5^-4 of eth and btc would be in fiat in my head

>>21226231
I still don't quite understand why the customers are willing to pay around $30 a month for the service.
Are they aiming more towards industrial/commercial clients because I don't see how normal households could end up paying less overall for their electricity with that monthly $30 service fee for Lition?

>>21226589
It's because on IDEX everything is traded against ETH so it is denominated in it.
Just like you would trade an australian stock it would be denominated in aussie dollars.
You would easily say things like 'im gonna sell when it hits 10 AUD'

>>21226589
Because we've been monitoring the order list in idex for a while

>>21226766
Not 30. 0.3 usd. 1 cent per transaction.
Only large customers would pay 30 so they can send a transaction every 15 minutes.

>>21226231
Can you imagine if they were to market this to a company like tesla with all his solar panel shit? They could take it global, and we'll be billionaires.

>>21226827
Mind you, 1 cent for massive discounts on energy. It's a no-brainer for regular households to adopt. It's just about getting the word out, which will happen slowly through commercials that have been airing.

I need more convincing. shill me.

>>21227386
> I need to be rich, give me money

Don't buy lazy and filthy rat

>>21227386

Read the WHITE paper

>>21228160
Kill the thread

>>21226827
they kinda fucked us on that, whitepaper says 100tx/customer/day

Even when i asked the confirmed again, ok pooling tx’s for cheap customers ok but still, only 1 tx customer is 100 times less so 100 times les staking rewards...

>have more than 100k lit
> check the price everyday
> price is up for weeks
> excitement diminishes
> deep sense of calm and self-reflection
>start questioning myself
>do I have enough?
> will I hold long enough?

Am I scared of making it? Or am I just being a greedy fag that wants a a 15 bedroom mansion instead of a 5 bedroom one?

>>21228660
you should be staking 12 months so you dont sell too early

>>21228738
I did

I knew at the beginning of August that we were going to moon but I still didn't buy..

never gonna make it on my 5k baby stack
someone convince me to buy more at this price

>>21229005
>someone convince me to buy more at this price

mainnet still not out, still not on a big centralized exchange, link ico was for a 32m market cap, lition is a 10m marketcap, 3 times smaller than link at ICO. Enjoy

>>21229005
However far it moons a 5k stack is pointless you may as well have none

>>21229287
Not true, LIT will go well above 10$, more than 50k for a poorfag is not bad

>>21229287
true, but I'm a poorfag

>>21229005
It's been going up steadily in small increments, we haven't hit parabolic movement and price discovery phase, that's when the real gains come in. Try to buy some when it dips

Guys, look at the digits on this boy

>>21228888

>>21220122
Not that anyone asked but XRP didn't steal from
Lition and Lition didn't steal from XRP. I made both.

>>21225779
Here you go nigger I spent half an hour autistically going through each frame on Sunday morning.

You can't use it unless you post "OOOOH JAAA PUMP MEIN ENERGIEMÜNZE VATER LOHWASSER" along with it.

>>21229503
>>21229272
thanks, I've been out of the crypto loop for a while.. is uniswap a good option to buy lit? or should I stick to idex

>>21229962
Idex

>>21229962
if you know what you are doing idex is better.

>>21228650
I agree the whitepaper is misleading. I don't think it will be as low as one transaction per customer. I'm pretty sure they realise that in order to have a thriving ecosystem they would need plenty of transactions and staking rewards.

>>21229005
It's going to $100

>>21224593
Idex fees are indeed horrible, how do you guys deal with it? is it better to simply use metamask?

>>21226231
this is like Chinese to me
are there really people out there reading and understanding white papers?

What's a make it stack?
I have 30k but think it may be worth getting more on a CC.

>>21230183

We're earning thousands every single day and we don't even know it yet

>>21230405
Think its 50k+ make it. Sitting on a 15k myself and wanna double that at least.

>>21230374
What makes it funnier is this is litties actual copypasta to shill to newbies

>>21230374
Yeah but I'm not going to pretend that I understand every word. Imagine how smart the people are who actually develop this shit.

how much do you need to make staking worth it? is everyone here staking?

>>21223512
I'm in LIT, STA, and LINK. I literally could not be comfier.

>>21230138
0,09 cent per 1000 lit/day is also nothing..

Kinda feel deceived by their 100tx/customer

>>21230944
Because 1000 lit is nothing

>>21229287
>>21230586
5k is good. Everyone should get alteast 5k LIT. It's under 1k$ and will get you a basic income. Staking it for a year would give you 3 LIT every day=14$ a month at current prices
I get ~24 LIT for my ~40k stack staked for 3 months. 12 months give even greater return
>>21230421
LIT will be worth 100$ so I make 2.2k every day.
>>21230473
20-50k is easily enough to make it. Try to get 50k for the trust node which will be worth millions

So get 5k at the very least, 10k-50k will be enough to make it

>>21231073
Yeah got 380k, 30 bucks a day i still nothing...

Coin not needed
The idea that being able to delete is revolutionary Is hilarious
This is a fucking stupid project

>>21231287
gtfo, the token is needed for gas fees on the L2 blockchain. Being able to delete data is a great feature because of EU laws.

Just bought 15k LIT, you better not dump on me, krauts

>>21229005
Go on twitter and reddit and search for Lition.
Nobody will discuss it.
You're thinking just because you're in this thread where most have a decent stack that you're late.
You're not. You're incredibly early.
Even among us there are some that bought at higher prices, definitely when priced in Ethereum but even priced in usd.
So even in this very thread. You're not late.
Go to a blockfolio thread and count the number of anons with a LIT stack.
I did. It's less than 1 in 10.
You are incredibly early.

>>21231287
>The idea that being able to delete is revolutionary Is hilarious
It's deleting the data which is already separated not the blocks dipshit. You won't be saying GDPR compliance is fucking stupid in a few years.

>>21231180
Will the LIT rewards increase in value relative to USD?

I thought transactions fees were pegged to 0.1 USD, which would mean a reduction in rewarded LIT as the price of LIT goes up.

>>21231287
It's not because it's a simple idea that it is a dumb idea or unnecessary one.
Most revolutionary ideas were pretty simple.
Blockchain is a pretty simple idea.
You should sell all your crypto, imo

>>21231654
You are correct

That’s why i wrote this
>>21230944

how many LIT are needed to get a condescending handjob from Luisa?

>>21231654
They are pegged.
But you have your causality backwards.
Price will go up as number of transactions go up.
You do not need the fees to go up to have price to go up.

Imagine dreaming you can make it off stake rewards
Make it off the fucking mooning first

>>21231760
Richard gets them all day

>>21231831
back to your containment threads, stinky and enjoy the dump on your shitty x3 over 3 years scam mr. investment genius lmao

>>21231831
You have the causality backwards. I don't see what's wrong with believing you will get sustainable income from staking rewards.

>>21231773
Im aware of how the price of LIT will be driven up as a function of the net present value of future cash flows in reference to transaction volume.

But as far as the staking rewards go, which is where I am most interested, your rewards as denominated in LIT are variable, rather than fixed in to the amount of LIT you own.

>>21230138
>>21230944
I think they might group the houses together by PLZ (postleitzahl) of which there are 29000 in Germany.
So then that would yield 2,900,000 tx/day from the energy case in Germany once mature.
And then a couple of companies as well so that would be about 4 million txs. Or $40k/day.

>>21231934
Staking is a nice to have after you've already made it. Anyone who thinks otherwise has already made it.

>>21231991
Cont...
Ergo, your staking rewards are *only* fueled by adoption; speculation has no part to play.
Which means, at the moment, your best returns are likely to come from price appreciation rather than staking, and price will likely stabalize around a 5% return.
So we'll get rich by being early adopters, but not necessarily through staking, unless it really take over European business use cases.

>>21231283
30 bucks a day is pretty much 1/3rd to 1/2 of what most people earn netto in Europe.
If you get a million lit, which costs only 170k usd. You can retire in western europe off of LIT.

>>21232182
No shit

>>21232002
Yeah that would be interesting. Hopefully we'll get more information about that.
>>21232085
But you can make it with sustainable income. You aren't making any sense.

>>21232237
Its inferior in rewards to something like XSN, which is why it bears articulating, as the search for yield will likely push money elsewhere and stunt LITs growth.

Thanks for your input though.

>>21232241
I am. No one is making it off staking anytime soon. If staking is what attracts you to buy lition then you're either a whale (wouldn't be asking for advice on /biz/) or you're an idiot.

>>21232182
What? Lition is not going to be successful if no one uses it. If no one uses it then speculation won't be there to boost the price. Literally the only thing reliable and predictable about Lition are the staking rewards.

>>21232356
>No one is making it off staking anytime soon
If by anytime soon you mean less than 2-3 years then you're wrong.
>If staking is what attracts you to buy lition then you're either a whale (wouldn't be asking for advice on /biz/) or you're an idiot.
Not a whale. Staking is absolutely vital for Lition's ecosystem and is based on actual utility. I don't see what's not good about that.

>>21232458
Its good its just not the main reason to invest right now

>>21232182
>price will likely stabalize around a 5% return.
Right something like that. The market will have to decide whether its 10%, 5%, 3%.
The token's value proposition does not stem from staking rewards solely. The energy usecase will incentivize the usage of the token as currency on their platform. Furthermore it also receives value from its security that it gives. I.e. I can imagine that companies that run a usecase on lition will want their own trustnode.
I'm pretty sure it wont be over 20% at no point in the future once it reaches full supply. If it were, that would be a major buy signal.

>>21232339
>XSN
This will have the same problem. Staking rewards need to come from the real world eventually. There's no magic money machine.

>>21232550
It is if you can look more than a month into the future.

>>21231180
You right anon.

>>21232659
Their problem is actually the inverse --the amount of XSN received is fixed whereas the price relative to USD is subject to change.

But of course, it all does depend on adoption, in the end.

>>21233061
Cont...
Hence, if the value of a LIT goes up, your return on equity drops.
Whereas with XSN, for now, your return is fixed and if the price appreciates so do your staking rewards.
Again, though, that presupposes increased volatility on the price of XSN.

where do i buy?

>>21233183
The same goes for shares anon.
If the value of a stock goes up, dividend as a percentage goes down.
Usually they rise in tandem because they both are a function of how well the company is doing.
Same holds true for Lition.
Well for now Lition's return is also pretty fixed and it will remain so until they run out of their ecosystem funds.

>>21233207
Recommend Idex
https://idex.market/eth/lit

If you're a burger you can try Uniswap
https://app.uniswap.org/#/swap?outputCurrency=0x763fa6806e1acf68130d2d0f0df754c93cc546b2

>>21233389
Agreed - in such a way LIT is more akin to boomer paper than other crypto, but most cryptokiddies aren't too familiar with traditional financial instruments.

Im also not trying to knock it, just understand it and its place in the cryptosphere/my portfolio.

>>21231180
Quick explanation of what staking is?

>>21233801
>Quick explanation of what staking is?

It is summer again, fellow anons.

>>21233801
you lock away your coins to get more coins. https://staking.lition.io/pools/
https://staking.lition.io/faq/

>>21223896
I sold august first AAAAAAAAAH FUCK YOU ALL

>>21233924
can you please stop spoonfeeding ?
thanks

>>21233801
Staking is when you stake your tokens. When you stake tokens you must run a node or join a pool where the node is run for you. The nodes are what validates the transactions within the network.

>>21233953
>selling under $10
Lol, like why?

>>21233890
>>21233982
Yeah the only thing I dislike about Lition is that there are alot of newbies and telegram faggots here. Dont they know where unironically nazi's?

>>21234442
where
*we're
>wow that was bad

>>21233588
>but most cryptokiddies aren't too familiar with traditional financial instruments
Which is why price will spike to 100x the yearly returns on hype regardless.

how many LITs for angry CFNM action with Luisa

Sell an ounce of gold for LIT, yes/no?

>>21234614
I would bet my balls that you would be better off with the LIT so yes

>>21234614
Yes.

>>21233890
Lol

>>21230636
So good