/biz/ - Business & Finance

>>23499944
>july 9

>>23499953
Right. So revenue must be even higher than 10 Million now. Mcap still not 10 Million.

>>23499953
This is a best estimation for its #household evolution imo.
They should be getting close to 20,000 households which would generate 20 Million in revenue on a yearly basis.

>>23499944
Checked and gmi

How do i get paid to shill this

>>23500155
ngmi

>>23500155
just do the needful sir

>>23500155
Im paid 10 rupees per day by the Lition team for spam biz sir

>>23500155
It's organic... Truly the next link

>>23500155
Buy LIT on uniswap.
Stake.
I get paid 100 LIT/day!

This is more undervalued than LINK ever was, LINK was powered by memes, this is powered by rock solid fundamentals (overqualified team, beats out most 200M-1b mcap teams), with a revenue stream unheard of in crypto

>>23500518
Richard agrees.

All in desu.

>>23500624
Richard is overqualified.

>>23500662
Based. This is not a man who will rugpull us, I would trust this man with my life and he will make me rich

>>23500662
Based autistic genius.

>>23500662
https://www.lohwasser.de/

this guy will never rugpull lol

>>23500765
>https://www.lohwasser.de/

haha fuck, why is this the first time I'm seeing this!?
The meme potential is truly out of this world with LIT.

I will accumulate this as long as it's under 10$ with every paycheck of mine, if I'm 80 and it still hasn't pumped I'll still have hope in Richard

>>23500873
How much can you buy a month and what do you have?

>>23501065
70k and roughly 10k at current prices

literally working overtime and driving uber at night to accumulate a make it stack before i'm priced out

>>23500682
The state of crypto when "not gonna scam us" is the minimum standard. Not only will he not rugpull us, but he will also make Lition energy a billion dollar company, and LIT a 100 billion dollar token. You read it here first

>>23500765
He will make all of us really rich...

Hello frens, I ignored this because it sounded like a litecoin knockoff (like xEth, etc.) I just read the link in OP and realize its not that at all.
Where can I go to learn more about the project?

>>23501137
https://lition.io/

>>23501137
>>23489983

>>23501137
>>23489983

>>23501111
Checked and gmi

>>23501140
>>23501153
>>23501160
Thanks frens, so this energy usecase it just one thing, but lition is actually layer two solution for buisness and euro compliance. Its also blockchain agnostic.
Is that a fair summary?

>>23501218
It will make you rich, the only thing you need to know

>>23501227
Sorry bud, not even close to enough for me. In fact this post makes me infinitely more wary.

>>23501260
Fuck off then. no one will miss you

>>23501260
Just lurk the LITGEN for a week and wait for the announcment on friday.

>>23501218
That's the gist of it, yes

>>23501260
Is that english? And you fags never learn, if you can't seperate shitcoin shilling from legit project shilling you are ngmi. People on this board are buying into shit like sta, pnk, even obvious scams like luigi and ignoring lition. If you can't see that lition is going to atleast 10x you are ngmi I'm sorry.

>>23499944
Literally ONE SINGLE USECASE has a higher revenue than LITs market cap.
Do you see how ludicrously bullish this is and how hilariously early we are?
Legitimacy like this doesn't come around often.

ITT people who buy three rugpulls a week tell you that a project with 10k paying real world customers in a first world country is a scam

kek

>>23501285
Not my problem if you can't read. Shitcoin shilling sounds exactly like this >>23501227

>>23501275
Suck my dick

>>23501284
Thank you, I'll continue to dd

>>23501305
Another benefit of having the team make huge gains from normalfag revenue is that they won't even think about dumping on us

>>23501218
You actually get this in just 5 minutes of reading.
Impressive.
Some of the dense motherfuckers on this board take months.
>Muh energy token
Read picrelated and visit the generals for questions. You'll always be meeted with a ratio of about 5 'moonposts' for every sensible informative post but such is /biz/.

>>23500140
By the way, if these numbers are close to correct AND 16k-20k customers are actually securing 20% APY for stakers at the moment.

This should mean, that in April 2021 we will AT LEAST have double the price at 20% APY or the same price, but double the APY, which would be completely insane (if the staked tokens remain about the same % of course).

+This is only taking into account the energy usecase.

>>23501305
You have to remember that revenue from the usecases doesn't directly translate into value for the token (it's not like owning company stock), but the higher the revenue is the more transactions there are which gives more rewards for stakers and node operators

>>23501316
ngmi

>>23501285
A guy managed to steal about 20k from gullible /biz/raelis through booba.finance. kek.
Well deserved.

>>23501343
It does in this case, LITbros are literally earning money through staking on their blockchain, 50k DAILY transactions which are increasing daily is purely done through normalfags paying their electricity bill

>>23501369
>the energy usecase generates enough fees to ensure 20% ROI. This basically means that the energy usecase is in it's current form almost generating 1 Million dollars in Lition network fees per year.

>>23501343
You cant have the businesscase of a 50 Million dollar company depending on a blockchain backed by stakes worth less than 5 million dollar.
With 2.5 million dollars you can 51% attack the lifeline of their business.

>>23501352
Yeah the scams just get progressively dumber when the scammers realize how retarded the people here are:
CBDAO -> AMPLYFI -> LUIGI -> BOOBA etc.
I think most people here would legit put money into "send me 1 ETH and I'll send you 2 ETH back"

>>23501382
That's literally why they haven't listed on any exchange. They wanted to keep liquidity down in the dumps to prevent 51% attacks being possible

>>23501338
Yes.

>>23501334
The generals are actually the most sensible and reasonable place of all /biz/.

>>23501338
It's probably more than 20k, they were initially going to have something called the "Genesis Phase" to encourage staking, which would secure stakers 20% APY, but only weeks later after releasing their mainnet, they had enough usecases organically from their energy usecase to cut that out completely, and still secure 20% APY

>>23501388
Ah there was a question about that in the AMA, I totally didn't understand it back then.
The guy that asks the question claims he knows that they want to minimize the ease of acquiring tokens to minimize 51% attack risk.
I didn't know that, anyone that can comment on this?
https://youtu.be/YdIg4y6TRUg?t=580

good project but bad tokenomics. There's absolutely no reason for this to pump even if it meets all its goals.

>>23501435
The genesis phase has been active since March.
Where do you think all those staking rewards came from without the mainnet being active?
So the fact that there's enough demand to secure 20% APY doesnt give any information about how many households there are since we don't know how many transactions are occurring per household.

>>23501496
your mom has bad tokenomics

>>23501496
Explain your logic if you have any.
There are massive amounts of transactions that are rising rapidly and pay a fee to stakers.
Price will rise as staking rewards rise and as the market becomes aware and realizes that these staking rewards are sustained by the usecase rather than through inflation of the supply.

>>23501496
Bad tokenomics, because...? If you try to sound smart then give atleast some explanation for your cancer cell of a though

>>23501496
This is unironically one of the few projects where the token is even needed

>>23501509
Yes but going by 10k in July and the table I replied to in my last post, we can estimate something around 20k.

The amount of trx per household is not very important, if we know:

1. That 20k households (if that's the correct number) are securing 20% according to Richard. Since he said the Genesis Phase is not really needed anymore.

2. Households are increasing and the trx per household remains stable.


Thus APY should roughly increase at the same rate as the households (only considering energy usecase again), IF the price does not move.


Not sure we are disagreeing to be honest, just getting my thoughts out there after a coffee binge.

>>23501534
>>23501544
>>23501565

I've been here long enough to know you're trying to get me to spoonfeed you. You should have looked into the tokenomics and likehood of pump BEFORE you bought.

>>23501594
HAHAHA WE need spoonfeeding from YOU after just saying "haha tokenomics bad. arent I smart for saying that out loud?"?

Jesus fucking christ that is a painfully low IQ post. Off yourselves ASAP

>>23501582
Not disagreeing on the likely doubling of either price or APY by april but with your claim that it's likely higher than 20k already.
You seem to use some circular logic somewhere, just my 2 cents.

>>23501621

Oh I'm not saying it's higher than 20k at all. Based on it being 10k in July (according to that one interview) I think somewhere around 15-25k is the most likely.
And since this falls in line with that speculative table I think that 40 by April is also pretty likely, but of course pure speculation on my part.

>>23501657
ok then we agree.

The reason this is being shilled so hard is that it’s a dead project and they’re squeezing as much out of it as they can before shutting down. mainnet doesn’t even work and they gave up on fixing it.

>>23501987
Jeez, Pajeet you stink like ass. The poo goes into all fields

>>23502005
Your name is poo now you idiot. Even Lition’s shills are failures.

>>23502025
>He didnt got the joke

Unironically kys

the idea of late anons making it makes me sick. you can buy in after $10. saged

>>23501617

you sound emotional which is understandable. I wish it had potential to pump, I've spent hours researching it thoroughly and the fundamentals are strong but it just doesn't have that pump potential.

>>23502505
the lowest of IQs

>>23502505

>you sound emotional which is understandable

low IQ as fuck. Such an empty remark lmao


>I wish it had potential to pump, I've spent hours researching it thoroughly and the fundamentals are strong but it just doesn't have that pump potential.
>sirs Im swearing on village I red intro of whitepaper. deepest research in our village. we no buy. better buy LUIGI

What a waste of air you are lmao. Who are you trying to fuck over? Such shit only works with your incestious relatives lmao

>>23502566
>>23502519


it's telling that you literally have no recourse

>>23502926
Why don't you explain why you think the tokenomics are bad? They seem pretty solid to me.
Its litterly buy and stack when the apy is high, thus reducing the apy then sell when it gets to low, which increases it, encouraging you to buy and stack.
Seems pretty good to me

>>23502926
no response is needed to incoherent stuttering

>>23499944
BREEV

>>23499944
Universa.

https://alkhaleejsugar.ae/en/news-details/worlds-largest-stand-alone-refinery-implements-blockchain-sugar-trading

>>23502926
For me to recourse against you you would need a point first LMFAO.

>Haha tokenomics bad guys
>why? haha wont tell you. They just bad lmao
>What do you mean you have nothing against my "point"?

Low IQ show continues

>>23501338
Added on to this, they're expecting to reach 235k households by end of 2022, so 2 years time valuation at current price would be 10x current whilst still getting 20% APY, or more likely x20 current price and settled at 10% APY.

Again, only using this one usecase and same % of staked tokens which both are highly likely to reflect a higher price/APY in reality when more uses get added! Literally the comfiest hold at 50k rn

>>23502926
I mean in one sense I can understand saying there isn't pump potential, but that's because it's structured as a steady grower, like a stock.

Your returns increase as the business/usecases grow, but the price will pump on the announcement of big usecases as that means a high staking reward. If they meet their target of x10 households in just 2 years that's x10 in value, whilst anything past that is speculation or additions to usecases.

It's the most solid investment you can make in the market right now, and seeing as a 20% APY is pretty high I can see the token price going x4 current rate as 5% is still ok returns and that's relying on a massive 50% of tokens being staked which will go down as more usecases are applied. Slow burn, invest, never selling, GMI.

>>23503439
Well it's true there isn't pump potential because you can basically make these calculations that you just did and if the market is composed of intelligent people they will usually determine a quite similar answer as you do.

However, the market is not always composed by intelligent people and during a hype a lot of dumb money can push the price quite a bit higher although I do think that anything below an APY of 2% will be though for even the dumbest of the dumb to buy, but I am prepared to let myself be amazed.

However, now we're basically just waiting for market realization to set in and while we are waiting the underlying usecase continues to expand with probably around 15% per month if all is going well. So yes we should see the price not only rise with 15% per month but outperform this as the market comes closer to it's senses and perhaps after a couple of weeks of significant outperformance word will start to spread like a wildfire and we may experience a short period of overvaluation. Followed by a way smaller dump to correct valuation or slight undervaluation.

>>23503311
why would they only give 10% apy, I thought the 20% would stay since they told that it’s allready doable with their income right now...

>>23503916
You still havent talked "muh bad tokenomic" and move the goalpost now. Unironically kys. I bet you are that kind of guy that uses big words infront of his coworkers to seem important enough to have contact with kek

>>23499944
If there's one thing I know from having worked with Germans in the past, it's the full scope and extent of their autism. German tism is unlike any other ive seen, and although they're annoying as fuck to work with, they don't cut corners and have too much pride to destroy their own work for personal gain.

I've found great success with following autism in crypto so far.

>>23503998
How can you guarantee a % if the price is governed by the free market?
This is a rhetorical question.

>>23504019
That aint me mate. I may have the same color id but its not the same id.

>>23504058
Tell me what other autistic coin devs have you had success with?

>>23504103
Ye mate just realized. My bad. Got too high n shit

>>23504103
Moneyskelly and Sir.Gay are also autistic...

>>23504152
Sergey really?
Not as autistic as Vitalik I think.

>>23504187
Obligatory:
https://www.youtube.com/watch?v=kUheuFDHSvI

>>23504073
yeah sorry, was calculating wrong, we will get same amount of staking gains in $ or higher! So it won’t be 20% but we will earn more then we do now anyway cause prize and customers rise

>>23504103
Btc, eth, doge, link, monero

>>23503916
Agreed, that's why I said anything past it is speculation :)

OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

My dick gets hard thinking about Lition

>>23504019

It's interesting that you're so triggered over the bad tokenomics, which that other anon has just confirmed. If you truly believed in it you wouldn't care. Anyway, I hope the project succeeds but there will be no bag pumping

>>23506070
at no point did you explain what you even mean with bad tokenomics

we can't refute a cloud of nothing

>>23504131

oh look you're a stoner as well. Explains it.

>>23506089
>>23506070

You have no argument lol. Low IQ anon :(

>>23506089
And he's going to make it before you will, tough boy.

>>23506133
^
>>23506089
Clearly just trying to FUD to accumulate, or is just retarded. Take your pick anon.
I've read the whitepaper, watched the AMA's and I'm GMI along with all my frens at the LIT gen's.

>>23501388
>>23501469
It's not true. The questioner made a lot of bullshit assumptions. But Lition needs a 67% attack not a 51%. They haven't put it on exchanges because they want to prioritize utility over a short term gain of putting it on an exchange.

>>23501987
>mainnet doesn’t even work and they gave up on fixing it.
What are you talking about?

>>23501987
except it runs smooth as the river Rhein now

Richard isn't even a real Runescape player

>>23507607
It was Adam Poo Skin Salami who asked this question

>>23499944
should i buy 5k of it rn? i was waiting to get paid to buy some more been adding a bit everyweek. feel like itll hit .12 again soon tho

>>23507986
you have 5 days

>>23508335
And had 2 years

>>23499944
so token not needed? ok

>>23508818
Just scroll up and read faggot. I can't believe so many people need to be spoonfed an actual fucking gem. Go look at the lit general chat for all the info, literally OP post will include it all.

>>23508983
still not needed "it works without the blockchain". why would they introduce something which is not needed. to make it more complicated? lol

>>23509397
Ngmi

>>23509397
You 100% clearly haven't read the whitepaper then. Myself and a friend had a similar query when going into it so we read the whitepaper and had our answers. I'm not going to spoon-feed you, there is a need and if you don't understand that you don't deserve to get rich of of this. NGMI

Haha, imagine investing in this
https://github.com/lition-blockchain
https://gitlab.com/lition
"we developed our own chain" 0 activity on github, lololol

>>23509397
There needs to be an incentive for people to run a node. Nodes are absolutely vital for the security of the network. If there's no token, there's no incentive. If there's no incentive, there's no security.

>>23509590
They use Gitlab not Github.

>>23508818
>>23509397
>>23509590
kek

>>23509870
All of these posts were made by ftp

>>23509930
ftp isn't an idiot.

>>23510932
ohhh sweet summerchild...

>>23509870
kek fucking newfags kek

>>23510939
Ftp is one of the few telegram idiots who doesn't blindly praise the team. This doesn't make him an idiot.

>>23511119
>Because one is a rebel means he is smart

Are you a flat earther?
Part of the #resist army?
You actually sound like a simple follower and not a leader of things.

>>23511147
What? That isn't what I said. I just said he's willing to criticse the project.

>>23511213
Wow, so brave. Can nobody stop this menace to society?!?!

>>23511262
You're not even responding to anything I'm saying.

>>23509668
Yeah but his question is more regarding that the usecase managed to stay running before the mainnet launched so why have a blockchain at all?
Why not run it on private servers?

People skeptical about Lition are the same type of retards who invest in retard PND schemes and try to shill it on their egg profile pic Twitter accounts. They have been duped so many times seeing an actual real project for the first time is incomprehensible to them.

lol at the desperate attempt lately to have a completely dead shitcoin catch on with /biz/

>>23511782
Try it with some etherscan links like mikefromMyanmar did you lazy bum

>>23511782
Be sure to leave your family a note.

>>23511514
You can have digital money without blockchain, you can have automated systems without smart contracts, you can orcales without a blockchain etc. Just because it technically works doesn't mean it's optimal for specific jobs. Why do you need cars when you have a horse and cart? Why do you need planes when you already have trains? You seem to be ignorant of the benefits of blockchain in general than you are ignorant of Lition.

So I have 50k but no idea how how to set up a node. Before I ask in telegram and such I just want know is it really worth it with 50k? And also how hard is it?

>>23512830
it's not hard but you have to fill out an application and hope the team picks you

alpha farmer

How does the revenue affect market cap?

>>23513393
The higher revenue indicates more customers, more customers means more transactions, more transactions means higher staking rewards, higher staking rewards means more people will be buying in the run a node and secure the network. Also just in general if the business is thriving then it's better for the project.