Project Name: Lition
Lition is a layer 2 blockchain infrastructure on top of Ethereum that enables commercial usage of dApps. The Lition protocol complements the Ethereum mainchain by adding features such as privacy, scalability and deletability for GDPR compliance. Everybody can choose to build on Lition without the need for permission.
Lition is developing the world’s first scalable public-private blockchain with deletable data features, made for commercial products. This state-of-the-art protocol enables blockchain-based applications to step out of their current niche into commercial mainstream deployment.
Blockchain development is co-innovated with SAP, whose chief innovation officer Dr. Jürgen Müller is also an advisor to Lition. SAP, a company with >400 million users and >10,000 developers, is developing the decentralized ledger and smart contract layer, while Lition is providing the open consensus layer. Lition will run the public mainnet using Lition tokens issued in an ICO for transaction execution, staking and sidechain creation.
Lition is well positioned to design a blockchain infrastructure for business use, as it launched the world’s first P2P energy trading dApp that is commercially live in a mass market with real revenues and real customers in over 25 cities. In addition to this existing P2P trading dApp, there is a second use case in which Lition, together with a major Bank and a real estate company, has developed an MVP to syndicate loans, and later tokenize the loans as Security Tokens (STOs). Beyond this, there are many more use cases with the potential to disrupt not only the Energy and Banking spaces, but many others as well.
Furthermore, SAP can easily implement this blockchain into their existing products and services for their customer base of >400,000, making them immediately ready for blockchain use cases. It is therefore well positioned to become the standard mainnet for business applications.
- Total Supply: 100,000,000 LIT
- Circulation: 60,299,210 LIT
- Token Price: 1 LIT = 0.100 USD
- Issued Date: 2019/04/17
- Website: https://www.lition.io/
- Whitepaper: https://www.lition.io/docs/Lition_Whitepaper.pdf
- Block Explorer: https://etherscan.io/token/0x763fa6806e1acf68130d2d0f0df754c93cc546b2