Lition has signed up with ICOBox, the world’s premier service provider for conducting ICOs. The latter will provide advice to help ensure Lition has the best support possible while they prepare to launch their ICO later this summer.
The Lition Token
The Lition Energy Exchange brings transparency and sustainability into the currently closed-off energy system by directly connecting green energy producers with smart consumers. Through Lition’s novel blockchain technology, energy producers will enjoy 30 percent higher returns while consumers will pay 20 percent lower prices.
Lition makes this possible by taking out middlemen and through lean company structures and efficient processes. The Berlin-based energy supplier has received hard-to-get energy licenses in March this year and has already built a significant client base covering eleven German cities.
The present-day energy sector is dominated by large conglomerates and the distribution process is complex and filled with intermediaries. This means consumers pay higher prices and can’t be certain where their “green energy” is coming from.The Lition blockchain technology disrupts this practice, providing end-to-end transparency, allowing consumers to directly connect with guaranteed 100 percent green power plants.
The growing Lition ecosystem will be powered by utility tokens,enabling token holders within the ecosystem to get even cheaper energy or trade access to energy on the platform. Because the app is built on blockchain technology, it simplifies the process of energy trading, by using transparent smart contracts, which allow to bypass all of the complexity of energy distribution and broker involvement.
Lition CEO Dr. Richard Lohwasser explains:
“Our up and running blockchain technology enables consumers to take control in the energy sector and choose for themselves which producers they want to work with. We ensure that consumers enjoy the lowest costs possible. Our team is assembled from leading figures in the German energy sector and with ICOBox’s team of ICO experts we make a formidable partnership.”
Lition is the brainchild of a leadership team of economics and energy PhDs with more than 100 years of experience and SAP, the world’s leading enterprise software company with more than $27 billion in revenue and 335,000 customers in over 180 countries. Lition has attracted advisors like Dr. Jurgen Muller, who is Chief Innovation Officer of SAP and is closely working with the leadership team on a daily basis.
The Lition team is led by Dr. Richard Lohwasser and South Korean Dr. Kyung-Hun Ha, both of whom have extensive experience in technology and energy management. Dr. Lohwasser was formerly a managing director at ExtraEnergie, a top-three German independent electricity supplier.
He also served as the youngest director in the history of $10 billion energy corporation Vattenfall, as well as spending more than six years in the world’s leading management consultancy McKinsey. Dr. Ha has an extensive track record in the start-up sector and is an expert in the field of online energy marketing and data analytics. He is a senior director responsible for operations at leading German energy supplier GASAG, a $1.4 billion business.
ICOBox, the leading global company offering ICO advising services which has helped its clients collect over $400 million through their ICOs in just one year, expressed its confidence that the ICO will be a success.
Co-Founder Daria Generalova says that her company is thrilled to be working with the Lition team of experts:
“Germany is world-renowned for its green energy sector, and by adding in blockchain capability, Lition is ahead of the curve. The company already has its energy exchange running successfully in Germany, which is Europe’s largest market. They are ready to introduce their product to the world, and I am pleased to be able to play a role in promoting viable green energy as the company prepares to launch its ICO.”
For more information about Lition, be sure to visit their website or follow their official telegram channel
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