Lition

ICO Ended
205 days 17 hours ago

Description

Lition is developing the only scalable public-private blockchain with deletable data features, made for commercial products. Designed with Lition's live P2P trading use case, and co-innovated with SAP. Lition, in co-innovation with SAP, is a foundation that develops the next generation blockchain infrastructure designed for businesses to bring blockchain applications from their currently predominant Proof-of-Concept stage into commercial products with mass-market adoption in a legally compliant way. Our infrastructure is the only scalable public-private blockchain with deletable data features. SAP, a company with >400.000 customers and the power of >10.000 developers, is developing the decentral ledger and smart contract layer, with Lition providing the open consensus layer.

 

General
ICO Dates
01 Mar 2019 - 31 Mar 2019
Whitelist / KYC
KYC & Whitelist
Country
Liechtenstein
Ticket
LITI
Token Type
ERC20
Available for Sale
Financial
ICO price
1 LITI = 0.1 usd
Accepting
BTC, ETH
Soft Cap
5M $
Hard Cap
25M $
Tokens for sale
250,000,000
Team
Richard Lohwasse
CEO & Co-Founder
Kyung-Hun Ha
Co-founder & COO
ADVISORS
Sang-Seop Lee
Blockchain Advisor
Jürgen Müller
Techology Advisor
Kelly Ford
Sales & Marketing Advisor
Kelly Ford
Sales & Marketing Advisor
  • 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;

  • 4
    Q2 2018

    Business requirements for blockchain infrastructure specified; Design of technical blockchain architecture initiated; Technical advisory with SAP starts.

  • 5
    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;

  • 6
    Q3 2018

    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.

  • 7
    Q4 2018

    Commercial readiness for electric vehicle charging use case (with Chinese partner); Launch of time-sensitive tariffs for customers with smart readers;

  • 8
    Q4 2018

    Expansion to Asian partners with P2P use case; Testnet MVP ready; Testnet blockchain API; Testnet Dev. Toolkit, Dev&Admin release.

  • 9
    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;

  • 10
    Q1-Q2 2019

    Testnet 1.0 Public release; First use cases migrated dApp Partners onboarded; Team Scale-Up.

  • 11
    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.

  • 12
    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.