Lition
Lition (LITION)
More on ICO
Token Sale March 1, 2019 - March 31, 2019
TrackICO Rating 4.3 / 5 ICOMarks Rating 8.9 / 10 ICOBench Rating 3.9 / 5
Whitelist/KYC Whitelist & KYC
Token price 1 LITION = 0.10 USD
Platform Ethereum

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.

Q4 2017

Company incorporated;
Initial Fundraising;
Licensing process for electricity supplier initiated'
Alpha version of app;
First partnership initiated.

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).

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

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;
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.

Q4 2018

Commercial readiness for electric vehicle charging use case
(with Chinese partner);
Launch of time-sensitive tariffs for customers with smart
readers;
Expansion to Asian partners with P2P use case;
Testnet MVP ready;
Testnet blockchain API;
Testnet Dev. Toolkit, Dev&Admin release.

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

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.

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.