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ICOs 5,469

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.
Screenshots taken 31 Oct 2018
Stephan Vogel
Business Development Manager
Stephan Bialek
Head of Finance & Operations Manager
Benni Wörpel
Blockchain Marketing Manager
Chris Kilchling
Brand & Design Manager
Susanne Hößler
Senior Data Analyst
Amy Xiao
Marketing & Community Manager
Richard Lohwasser
Co-Founder & CEO
Kyung-Hun Ha
Co-Founder & COO
Manfred Gabriel
Board Member
Jan Wiedenhaupt
Board Member Legal/Finance
Reinhard Lohwasser
Board Member Technology
Nastassia Metselitsa
Scrum Master
Aliaksandr Zimakou
Blockchain & Frontend Developer
Artur Basak
Lead Frontend Developer

Advisors (5)

Sang-Seop Lee
Advisor Blockchain & Energy Use Cases
Markus Bick
Advisor for Research
Eddy Travia
Advisor Digital Token Economy
Jürgen Müller
Technology Advisor
Kelly Ford
Sales & Marketing Advisor
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