What is LITION ( LIT ) ? Comprehensive analysis

What is LITION ( LIT ) ? Comprehensive analysis

By Snow Under Sun | SnowUnderSun | 28 Apr 2020


Some of you already heard Lition and its ICO.

3 major features.

 

1- DIFFERENT ICO MODEL

ICOs that normally spread very cheaply in the private saloon. LIT, the Private sale area did not make any discounts in this very rare situation.

then you can say why these people invested.

Private sale participants are only allowed to receive more LIT.

However, your token is locked for a very long time (6 months).

The downside of this is that almost no one has joined the private sale (seed round 2m total amount of 4.9 M), 40% of the total tokens have been sold in the seed round.

So they actually masked private sale as seed. It's a very innovative method.

 

2- REFUND IF YOU DO NOT LIKE

What does that mean? LIT says no one wants to invest in the market bear.

If not satisfied, investors can pay back 50% of their money in dollars for the first 6 months.

ICO is a function that will encourage investors.

The handicap is that they will not be able to touch half of the money they have collected for 6 months.

 

3- HODL LIT

As its name suggests, the tokens distributed at ICO produce new tokens if not moved.

Some kind of staking. They give 5% ROI to HODL for 30 days and 25% ROI to 180 days HODL.

 

QUANTITATIVE ANALYSIS (QUANTITY)


Rather than what the project is, the form of analysis where the numbers speak is quantitative analysis.

If you believe that almost all of the cryptos are a fashion/trend, then this first part, supported by rational numbers, will be of more interest to you.


a) Market cap

recent price is 937 satoshi ( 7.3 cents) and the market cap is 2.6 million USD. 24-hour volume is around 600,000 USD

b ) Circulating Supply

Circulating supply is 35 million and the total supply is 130 million tokens.

c ) Whale list

The total number of wallets is 2470. top 2 wallets hold %53 of LIT tokens.

 

ICO details

price was 6 cents at seed ICO phase. they also get some kind of stacking rewards. Possible to expect that price may down to below 6 cent.

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Snow Under Sun
Snow Under Sun

A westerner in Thailand. Previously,13 years Sales Executive in a Forbes 500 company and 6 years HR executive in a multinational company. Crypto trader since 2015.


SnowUnderSun
SnowUnderSun

A westerner in Thailand. Crypto trader since 2015. Previously Sales Executive in a forbes 500 company.

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