Provided that the token purchase meets your country's legal regulations, anyone can get the token. Currently, we exclude US and Chinese citizens.
Do I need to provide KYC documents?
We reserve the right to do so, more details are available on our crowd sale website once released. Further information is available on our whitepaper.
Do you have bounty program? What is the bounty subject?
We are considering two bounty programs. One will take place during the ICO, and a smaller campaign will be carried out ca. 2 months before the ICO. When applicable, it will be announced on our social media channels and on lition.io. The bounty program will leverage our Token sales and focuses on the most relevant media channels. For further details feel free to join our Telegram group: https://t.me/LitionBounty
Do you have funding cap?
Yes, there will be a funding cap, announced on our media channels and our website www.Lition.io.
I want to invest significant funds. Will I have some privileges?
Special considerations are possible and can be tailored directly with the Lition leadership.
In what currencies do you accept payments?
In the private pre-sale for selected investors we accept Fiat, Bitcoin and Ether. During public sale, we accept Bitcoin and Ether.
What is the minimum and maximum entry limit?
The limits will be provided along with the public sale details on www.lition.io
What will happen if you raise less money than you need?
Given the extensive experience of the founding team as managing directors of energy companies with >1 bn USD revenue, the funding targets are well backed by experience making an underspend unlikely. We will nevertheless strive to achieve our business objectives with less money.
What will you use the raised money for?
The raised funds will be used for development of the proprietary blockchain protocol, regional expansion of existing use cases (smart metering, electric vehicle charging and billing, etc.), as well as Compliance, Legal, Administration & Finance tasks.
When will your ICO start?
The public ICO will start later this year. Details will be announced on our social media channels and our website www.Lition.io.
Where can I see the progress of your ICO and the amount of money you already raised?
We have not yet publicly announced our ICO yet, as we are only accepting investments from selected, invitation-only investors that have the opportunity to participate early, before the widespread media attention starts. Once we launch our public sale, we will inform on progress through our social media channels and our website www.Lition.io.
Will you organize a pre-sale of the tokens? Will there be an minimum or maximum?
Yes, the private pre-sale is currently ongoing for selected investors on invitation-only basis. The public pre-sale and crowd sale will be announced later this year.
Lition is based on which blockchain network?
The Lition Blockchain application is initially running on the Ethereum public blockchain, but currently migrating the Ethereum main net architecture to Hyperledger Fabric. Moreover, with industry leaders and exclusive advisory of SAP, Lition is developing a unique proprietary blockchain which works not only for the energy sector but for all regulated markets.
What do you need the blockchain for?
The proprietary Lition blockchain is needed for all uses cases that handle private data, but still wish to be publicly available. Further, the blockchain is needed for cases that need deletion of data, as required in most regulatory environments. A full overview of all benefits, incl. fast block confirmation times, infinite scalability or low transaction costs is available at www.lition.io/lition-blockchain-protocol and the technical whitepaper.
What is a private/public blockchain? What do you need it for?
A public blockchain network is open for anyone to participate, data on public blockchains can be accessed by anyone within the network. Participating a private blockchain requires an invitation or permission. Private blockchain data access is limited to the parties given specific permission.
Lition's Energy Exchange requires both public and private chains, as i.e. power plants' prices need to be public, but customers' consumption data is not meant to be visible for the public.
What is your consensus algorithm?
Our concept is based on a Proof-of-Stake consens mechanism with two types of nodes; public nodes with access to the mainchain and public sidechains, and privileged nodes with access to private sidechains. For this a special permission by the sidechain owner and agreement to terms of service is necessary. A full overview is available on www.lition.io and especially the technical whitepaper
What makes the private sidechain so secure?
Private sidechains can only be created by trusted privileged nodes pre-authorized by the sidechain owner. Except both parties no one else can access data on this very sidechain. They have to accept terms of service and vouch with staked tokens for lawful behavior. On request, privileged nodes delete date from private sidechains, i.e. when the customer's contract expired.
Can I transfer token from your service?
Yes, you can deposit your tokens in any Ethereum wallet, such as Myetherwallet. Additionally, Lition Tokens holders will have the ability to exchange them into Bitcoin and Ether using exchanges, which we will ensure closer to the public sale.
Do the tokens comply with ERC20 standard? Can I transfer them to a third-party ETH wallet?
Until token swap our token is ERC20 compliant and can be transferred to a third-party ETH wallet.
How can I buy your tokens? What is the payment processing time? What are the fees?
During the public sale, tokens can be bought only through the links provided on our website https://www.lition.io. There are no fees for the participant – every dime results in Lition tokens.
How do you ensure protection for the token owners?
We take our token holders' security very seriously, which is why their accounts are protected on many levels:
Payment security: We use the most secure payment processing methods. Payments in cryptocurrencies are secured by the blockchain technology. Payments in fiat currency are accepted only via a wire transfer, where the international banking system and our leading European partner bank ensures their security.
Smart contract security: Lition uses robust and tested token smart contracts and works with industry-leading institutions to ensure maximum security for all token holders.
How much will the token cost?
Our token will cost USD 0.10.
How secure is the storage of tokens?
Fully secure. The vast majority of the system's tokens are kept in cold storage, and we ensure the strict safety procedures. Account access in secured with two-factor verification which prevents unauthorized access.
What are the main factors that can positively or negatively affect the demand of the token in the future?
Our proprietary blockchain is supported by industry leaders and exclusive advisory of SAP. It is fully operational in Germany, Europe's biggest energy market, offering full-service energy supply, incl. switching, billing, service desk.
Every transaction on Lition's Energy Exchange as well as staking consensus increase token demand. Additionally to the P2P energy trading Lition's Energy Ecosystem offer far more use cases and therefore token demand, such as smart metering to identify energy consumption of individual devices enabling retailers to offer time-sensitive tariffs, or real green energy supply and unified billing for e-mobility with the Lition token.
The unique features of Lition's proprietary blockchain enable tokenized implementations in many more businesses.
For details please read our whitepaper in the download section under www.Lition.io.
What do I need tokens for?
Tokens are used to pay for all transactions on Lition's Energy Exchange platform, staking for correct network behavior and the creation of private sidechains. Hence, token demand increases with every new customer, every new power plant, every daily transaction, every new miner.
What will happen to my investments if the tokens will be banned or become the subject for legal regulation?
As our ICO and token design has a formal approval from the government of Liechtenstein, our emitting country, Lition can provide far more safeguards than almost any other ICO. Liechtenstein has just officially launched their blockchain constitution and stated tokens will not in any case be banned if they have the approval of the state.
Who distributes tokens, and how quickly will I receive them after the end of the initial offer (Token Launch)?
Token distribution details will be announced closer to the ICO on our media channels and our website https://www.lition.io. You will receive your tokens ca. 2-4 weeks after ICO.
Will there be a token swap, and if so, when?
Our funds are raised on the Ethereum blockchain with a ERC20 token. Once we are switching to our proprietary Lition blockchain, there will be an atomic token swap. Further details will be announces on our media channels and our website www.Lition.io.
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