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Lition joins BEPSwap as Launch Partner

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THORChain

2019-07-30 — 3 min read

BEPSwap

BEPSwap is a layer-2 decentralised finance application for Binance Chain allowing any BNB or BEP2 holder to be able to swap BEP2 tokens instantly from their wallets. Users will also be able to stake their assets in liquidity pools to earn trade commissions.

BEPSwap pools are always kept at market price by anyone being able to arbitrage the price of the market back into the pool. This allows it to become a trustless price feed.

Lition

Lition is developing an advanced scalable public-private blockchain with deletable data features, made for commercial products. This state-of-the-art protocol enables blockchain-based applications to step out of their current niche into commercial mainstream deployment.

Lition has the following features:

  • Sensitive data can be stored on private sidechains that is fully compliant with data privacy regulations.
  • Designed in cooperation with the German government to be regulatory nuetral.
  • Highly scalable with cheap smart contract executions in less than 3-sec block confirmation times.

BEP-2 LIT token on BEPSwap

The Lition Network requires the $LIT token to be deeply liquid and accessible to all who want to be part of the ecosystem. By joining as a BEPSwap Launch Partner, Lition will be one of the first pools, as well as attaining “BASE PAIR” status. This means token holders can choose to swap into and out of LIT to any other token, including viewing all other tokens in prices of LIT.

Additional benefits include:

  • THORChain will acquire off the market LIT tokens between now and the launch in order to bootstrap the LIT pool.
  • THORChain and Lition will work together to promote the ecosystem.
  • Lition will be able to stake some parts of their treasury into the pool to offer even more liquidity to token holders.
  • LIT token holders will be able to stake LIT tokens in order to earn on trade commissions every day.
“We at Lition are excited to support an innovative product such as BEPSwap. Liquidity pools on Ethereum were a big success in the past which is why we are certain that similar pools will be beneficial for the Binance Chain ecosystem as well. This partnership goes hand-in-hand with our goal to increase liquidity and trading convenience around the LIT token. We are therefore looking forward for the BEPSwap product launch.”
— Richard Lohwasser, CEO
BEPSwap is the first decentralised finance application for Binance Chain and we look forward to launching it with Lition — a very high quality project with a strong BEP2 token. The future is liquid, open and incentivised.
— Kai Ansaari — THORChain Project Lead

BEPSwap is scheduled for public beta in August 2019.

Lition Update

  • Lition has been listed on Binance Dex and the LIT/BNB trading pair is now active since Friday 26th, 8pm CEST.
  • Richard, CEO of Lition held the first live AMA on YouTube.The recap of the AMA is available here.

Lition Community

To stay updated with Lition, please sign up to our newsletter on https://www.lition.io or join any of our community channels:

THORChain Update

THORChain has recently launched RUNEVault — a platform for $RUNE holders to stake their tokens and earn.

To date over 20% of the circulating supply of RUNE has been staked.

Visit RUNEVault to stake and earn now:

To keep up to date, please monitor community channels, particularly Telegram and Twitter:

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