Lition: The Backstory To A $22M Syndicated Loan, Product Pivots, And Everything Else In Between

Here is the backstory to From how the 2 founders quit their high-paying jobs in the corporate world, to product pivots and a $22,000,000 syndicated loan. With, everything else in between.

Lition: The Backstory To A M Syndicated Loan, Product Pivots, And Everything Else In Between

Curated via Twitter from Forbes Tech’s twitter account….

Within a few months of having the government license to sell electricity in Germany, the Lition team decided to pivot and work on a public-private deletable blockchain infrastructure that allowed for data to be deleted. According to Dr.

Within a few months of having the government license to sell electricity in Germany, the Lition team decided to pivot and work on a public-private deletable blockchain infrastructure that allowed for data to be deleted. According to Dr.

Around the same time, Lition launched its consumer website and partnered with GASAG, a clean energy vendor to connect their customers with energy producers directly through blockchain technology.

Around the same time, Lition launched its consumer website and partnered with GASAG, a clean energy vendor to connect their customers with energy producers directly through blockchain technology.

The company recently raised $2,000,000 from its seed investors, $900,000 during the enterprise round and then Lition went on to announce its public token sale, which sold out.

The company recently raised $2,000,000 from its seed investors, $900,000 during the enterprise round and then Lition went on to announce its public token sale, which sold out.

Prior to the public sale, in February 2019 Lition launched their testnet and worked with VR bank (Germany’s 3rd largest bank) on a pilot project transacting a $22 million syndicated loan between two VR bank cooperatives.

Prior to the public sale, in February 2019 Lition launched their testnet and worked with VR bank (Germany’s 3rd largest bank) on a pilot project transacting a $22 million syndicated loan between two VR bank cooperatives.

In order for Lition to continue working on their public-private deletable blockchain solution, they would require funding to do so.

In order for Lition to continue working on their public-private deletable blockchain solution, they would require funding to do so.

This funding allowed Lition to begin working on building its public-private deletable blockchain—and divert more attention to marketing.

This funding allowed Lition to begin working on building its public-private deletable blockchain—and divert more attention to marketing.

This government license was approved, which saw Lition launch their P2P energy exchange.

Lition has developed an enterprise public-private blockchain on top of ethereum with a deletable blockchain protocol.

Lition has developed an enterprise public-private blockchain on top of ethereum with a deletable blockchain protocol.

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