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Lition

ICO Ended
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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.
9.3
TOTAL SCORE
8.5
ICO PROFILE

(weight: 45%)

10
SOCIAL ACTIVITY

(weight: 35%)

10
TEAM PROOF

(weight: 20%)

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General
Website: Visit
White paper: Read
ICO Time: 18 Mar 2019 - 26 Mar 2019
Whitelist/KYC: Whitelist + KYC
Country: Liechtenstein
Token info
Ticker: LITION
Platform: Ethereum
Token Type: ERC20
Available for sale: 80,000,000 LITION (50%)
Financial
Raised $ 4,900,000
ICO Price: 0.1000 USD
Accepting: BTC, ETH
Soft cap: 2,000,000 USD
Hard cap: 5,000,000 USD
Q4 2017
Company incorporated;

Initial Fundraising;

Licensing process for electricity supplier initiated'

Alpha version of app;

First partnership initiated.
Q1 2018
License as an electricity supplier obtained in Germany;

Beta version of P2P energy trading app;

First green power plants connected to Lition Energy Exchange;

First employees on board (4 internal and 6 external).
Q2 2018
Mass market ready (>41 million households);

Scaling up connected green power plants to 18 GWh in Germany;

Smart reader integration;

Business requirements for blockchain specified;

Design of blockchain architecture;

Technical advisory SAP.
Q3 2018
Use case for P2P applied for energy retailing piloted;

Leading energy partners on board;

25 people at Lition;

Office in Beijing opened;

Technical WP released;

Blockchain prototype;

Development with SAP started.
Q4 2018
Seed funding round completed;

Commercial expansion of P2P Energy trading use case;

Support of German Blockchain Law makers enabling STOs in Lition Blockchain.
Q1-Q2 2019
Testnet 1.0 public release ;

P2P expansion to large industrial clients;

Smart grid use case launch;

Energy-data driven use case launch;

1st use case migrated;

Testnet 1.0 public release;

dApp Partners onboarded;

Team Scale-Up.
Q3-Q4 2019
Growth of partner network within energy sector;

First pilots of regulated industries outside energy;

Mainnet 1.0 public release;

Testnet update;

Large-scale user migration.
2020
Large-scale marketing for ecosystem;

Worldwide commercial, large-scale use cases of industries

outside of energy (healthcare, finance);

Mainnet 2.0 public release with full set features.
Last screenshot taken on 22 Mar 2020
Lition ICO
Screenshots taken on 31 Oct 2018
Stephan Vogel
Business Development Manager
Takes part in this project only
Stephan Bialek
Head of Finance & Operations Manager
Takes part in this project only
Benni Wörpel
Blockchain Marketing Manager
Takes part in this project only
Chris Kilchling
Brand & Design Manager
Takes part in this project only
Susanne Hößler
Senior Data Analyst
Takes part in this project only
Amy Xiao
Marketing & Community Manager
Takes part in this project only
Richard Lohwasser
Co-Founder & CEO
Takes part in this project only
Kyung-Hun Ha
Co-Founder & COO
Takes part in this project only
Manfred Gabriel
Board Member
Takes part in this project only
Jan Wiedenhaupt
Board Member Legal/Finance
Takes part in this project only
Reinhard Lohwasser
Board Member Technology
Takes part in this project only
Nastassia Metselitsa
Scrum Master
Takes part in this project only
Aliaksandr Zimakou
Blockchain & Frontend Developer
Takes part in this project only
Artur Basak
Lead Frontend Developer
Takes part in this project only

Advisors (5)

Sang-Seop Lee
Advisor Blockchain & Energy Use Cases
No participating data
Markus Bick
Advisor for Research
Takes part in this project only
Eddy Travia
Advisor Digital Token Economy
Participates in a number of projects
Jürgen Müller
Technology Advisor
Takes part in this project only
Kelly Ford
Sales & Marketing Advisor
Takes part in this project only
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