Question 1

Has the price of Lition (LIT) increased today?

Accepted Answer

As of the most recent update, the price of Lition (LIT) is £ 0.00516722 with a +0.00%% change in the last 24 hours. Make sure to check our website for the most recent prices, as cryptocurrency markets can be very volatile and can change quickly.

Question 2

What is Lition (LIT)?

Accepted Answer

Lition is a unique blockchain project focusing on the development of private side chains with deletable data features built upon the Ethereum Blockchain. With the goal of enhancing privacy and scalability, Lition offers a proprietary layer 2 infrastructure, co-innovated with SAP, one of the world's leading business software providers.

Question 3

What are Lition's main applications?

Accepted Answer

Lition has developed three primary use cases in collaboration with different partners. These include: 1. A Peer-to-Peer (P2P) Energy Decentralized Application (dApp) providing electricity to customers across 100 cities in Germany. 2. A Syndicated Loan dApp developed together with VR-Bank offering a decentralized solution for managing loans. 3. An infrastructure layer for private data management with security tokens, developed with Tokeny. This use case centers on the secure management of private data through blockchain tech.

Question 4

What unique functionalities does Lition offer?

Accepted Answer

The unique selling point of Lition primarily lies in its side chains with deletable data features. While blockchain is praised for its immutable data storage, Lition bridges the gap where data privacy laws require the ability to delete personal data. Additionally, the uniqueness of Lition also comes from its three versatile use cases, embedding blockchain into energy distribution, syndicated loans, and private data management sectors.

Question 5

How does Lition (LIT) work?

Accepted Answer

Given the proprietary nature of Lition's Layer 2 infrastructure, specific technical details can vary. However, at its core, Lition operates as a second layer on top of the Ethereum blockchain. It provides private sidechains that communicate with the main Ethereum blockchain but offer additional features, such as the ability to delete data, thereby ensuring GDPR compliance. It allows real-world applications to be run on the blockchain while still adhering to privacy laws and regulations.

Question 6

What's the total supply of LIT tokens?

Accepted Answer

The total supply of Lition (LIT) is 120.1M tokens.

Question 7

How much Lition (LIT) is currently in circulation?

Accepted Answer

Of the total supply,  Lition (LIT) tokens are currently in circulation.

Question 8

Where can you buy Lition (LIT)?

Accepted Answer

Lition (LIT), like many other digital currencies, is primarily available for purchase on cryptocurrency exchanges. The digital currency is currently listed on multiple IDEX, Hotbit, Bibox, Probit, and one can select the most suitable platform based on factors like fees, user experience, and security measures. Just make sure to do your due diligence before selecting a trading platform.

Question 9

How can I keep my Lition (LIT) safe?

Accepted Answer

Keeping your cryptocurrencies safe is paramount. Be sure to store your LIT tokens in a secure wallet – either a hardware wallet for larger amounts or a reputable software wallet for smaller quantities that you may want to trade. Be sure to keep your wallet secure and backup your keyphrase somewhere safe. Please remember, losing the keyphrase often means losing access to your tokens.

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