Ok, so I just bought 40eth worth (36k+) of these because I'm not a dumb burger and thus know that CTO of SAP as an advisor is unironically 10x bigger than Chainlink with Gonser, and the potential integrations into their software would, again unironically, make this a top 25 coin without too much trouble.
Still, I haven't followed the project much before today so would anyone want to give me a short brief of what I should be expecting in the short-to-medium term? Roadmap milestones and price speculation both welcome.
I found no one who could explain me what "co-innovation" actually means. Literally no one knows.
William Clark
Look at the YouTube interviews with SAPs CTO. They are co-founding a project
Thomas Nguyen
>They are co-founding a project
Bullshit.
Ryan Flores
Ok stay poor
Ayden Edwards
Based on my personal research, this is actually the best coin/token to real wealth at this time. The more research you do on Lit the more you invest. Dont know why some people aren't buying as much as possible now,they'll realize and start investing at 80m mcap.
Brandon Taylor
Yeah, any anons that do their own research (which you should do if you’re investing) is unironically going to make it. Seems like LIT movement is gaining traction on this board though
Evan Sullivan
I am still accumulating, am I fucked? FUCKING should have bought the dip FML
There was a token who had Soros right hand as adivsor and it still dumped to oblivion
Ryan Gutierrez
That's exactly why it dumped.
Jace Thomas
you mean jnt?
Nathaniel Reyes
yes obviously
Lincoln Flores
And it crashed to our current market cap. If it pumps to 80M like JNT did, thanks for the 10x
Andrew Baker
>when exchange or GTFO
Ethan Lewis
This is indeed a concern. IDEX and Hotbit alone are too low volume to sustain a pump to $50MM+ market cap.
Anthony Diaz
why don't plebs do their own research?
WC How is SAP “co-innovating” Lition? What does that actually mean? SV It means we’ve signed a contract to work together on bringing blockchains to mass market use. This is a common goal, based on our joint observations that today’s blockchain architectures do not support requirements of typical business use cases like managing both private and public data, legal compliance for data protection, transaction speeds, etc.
>Still, I haven't followed the project much before today
How to lose all your money, step 1
Hudson Gomez
Lition signs a Co-innovation Agreement with SAP. The technology partners are exploring the development of a public-private blockchain for business.
The technology partnership was first announced at the Consensus Conference in New York City in May 2018 by Torsten Zube, Head of Blockchain at SAP.
Blockchain experts know the limitations of current-generation blockchain technologies, such as * the secure exchange of private data in distributed environments * scalability (block confirmation time and transaction costs) * compliance to regulatory requirements like deletion of data (GDPR compliance) hinder a mass market adoption of blockchain technology. Both companies have therefore been validating these topics in a series of workshops over the last half year. SAP is exploring a private, permissioned, decentralized technology for verifiable exchanges of data while Lition is focusing on a public, permission-less blockchain. Both companies strive to integrate these two parts to allow for private communication and publicly verifiable claims.
Currently, SAP and Lition blockchain developers are collaborating in design-thinking workshops, laying the foundation for the worlds first public-private blockchain with deletable data features for all business. "Helping our customers solve their business challenges is always at the very center of what we do", said Torsten Zube, Head of Blockchain at SAP. "With this cooperation, we intend to explore better options to facilitate the value-adding adoption of blockchain or blockchain-influenced applications for real business use cases."
Dr. Richard Lohwasser, Lition's CEO commented, "This partnership is based on the distinct strengths of each company, bringing together Litions expertise of public blockchain requirements, agile mindset and high market launch velocity with SAP's strong development resources and powerful innovation capabilities. SAP is the ideal partner to co-innovate and create the go to blockchain standard for business.
VC firms, seed investors, and the dev team have a certain proportion unlocked over the next four years. Also, corporations that use this need to purchase coins either from the general public or the company to stake nodes, etc
Levi Phillips
Binance DEX is useless.
Dominic Bailey
Baby steps .. a legitimate company like this one realizes you have one chance at a major exchange listing. If you ran a tech startup, would you list on the NYSE without something as crucial as a mainnet launch not even done yet?
Robert Davis
>SAP is this 2005?
Oliver Edwards
HAHAHA Zoomers
>muh old company
Sebastian Hughes
It is what you make of it. Fact is that Lit is going to moon like fucking crazy the next couple of months.
Wyatt Sanders
Just saying Binance dex is not an answer to anything except maybe getting your foot in the door for the CEX. When is mainnet speculated to launch?
Isaiah Green
nope, I'm a 30yr old boomer, but I know SAP was for the real baby boomers, those were the fucktards that got into bed with SAP, and fucked their companies, and never saw any ROI.
Joshua Scott
Q3 2019, private mainnet was already launched in Q2
Nicholas Rivera
Yeah just found this out too. Selling when I get home this will never moon
Ian Evans
Has SAP ever mention LIT?
The video with SAP CIO, it was in a public space, not in SAP office, nor LIT offices, it is weird like Müller wanted to make his LITION business something personal, nothing official related to his SAP position
Newfag. Is hotbit a reliable exchange? Idex seems confusing
Jonathan Gray
use IDEX. have a look at the guides. super simple
Matthew Gray
no, but they tend (like many others) to overhype, so I can't trust them.
Today for example their twit is: >Lition has secured a piloting project with two Banks of the German Volks- and Raiffeisenbanken, which are part of a Coop. Financial Network holding assets summing up to more than 1 trillion USD (891 billion EUR) and a real estate Dev. Company.
Second, it's just a test of a loan on the blockchain. I mean, it is nice to put the foot on the door on a bank, but the hype they use is way over the top. There are more examples like this.
Isaac Stewart
read see
Jason Sanders
its not old news. The 20mio pilot project from march was sucessful... Jeez have a look in the others LIT posts there you go.
Christopher Phillips
they overhype because they really need commercial exposure. the project wont be a success without it
Leo White
why is the token needed? they even say they will make their own mainnet and not migrate the token.
I read it yesterday ; somewhere on their website they explain there will be no token swap when mainnet launches. This to me implies the token will stay on eth, no? Besides, if it doesn't, how is this really even something built on top of eth and not totally independent?
Luke Myers
ya thanks to people like me trying to be a top 50 wallet ;)
Joseph Gonzalez
>>> makes it easier for liquidity if its an erc20
Grayson Rodriguez
How much did u put in?
Kevin Butler
How much to make it? I have 2k
Robert Carter
Enjoy getting dumped on endlessly. Buy the SNTVT floor.
Lincoln Adams
Watching these sell orders are hilarious, cause each seller is literally throwing away free money HAHAHA
true but this circles back to my original point of what is the purpose of the token
Isaac Hill
OP asked if there is stuff he should know
Don't get me wrong, I like LIT, but when they announce that first dilution, there will be pink wojacks if people aren't expecting it. The dilution isn't on everyone's radar and Lition probably isn't too interested in shouting about it, even with the much better dilution schedule. Not that dilution changes the fundamentals whatsoever.
William King
Lition seems part of the fusion fantom binance ecosystem.
Jaxon Price
It's a blockchain (after mainnet) so the purpose of the token is the same as the purpose of ETH
Sebastian Young
There will only be pink wojaks IF the unlocked tokens are dumped en-masse by the early investors (not happening btw, they wouldn't bail out of an investment that quick), otherwise the price would remain the same
Hunter Scott
You're right about that, but the market is reactionary. Anyway, I really like the project and wish I had bought more earlier.
