What Is Lillion (LIL)?
Lillion (LIL) is a project from Lillion Innovation INC. a company working in the field of blockchain use cases. The decentralized protocol was launched in 2021: in Q1 of 2021, a decision to develop LIL POS protocol was completed for stakeholders, and V1.0 whitepaper was released, in Q2 of 2021, the team began to form a community, in Q3 of 2021, Lillion Innovation's token LILs first use case in the travel industry (Treksurf.com) released as MVP, and testing took place in Q4 2021.
The company plans to make the most of all the attributes of the Lillion Token (LIL), including a decentralized E-commerce platform, decentralized Casino platform, decentralized payment gateway, a decentralized trading platform for LIL, and other cryptocurrencies in the marketplace.
Lillion Proof of Stake fallow ownership of tokens in a blockchain as a Sybil resistance mechanism for determining participation in its protocol. The Lillion is a Proof of Stake-based token. The Lillion provides a number of options to the field of Proof of Stake and crypto-economic design, including features such as delegation, instant redelegation, delegation commitments, and efficient automatic reward distribution.
Inflation:- All the supply is controlled by the stakeholding, (POS) The current staked LIL is around 3,50,000, only daily generated APY can be out for selling.
Deflation:- If the stakeholders do not sell 50% of the generated APY in the market and the price of LIL surpasses around $5 from the current price then it will be contributed from the main supply.
It will happen only if a certain price increase occurs in a short period of time.
Who Are the Founders of Lillion Innovation?
The team consists of blockchain professionals, renowned developers, experienced researchers, mathematicians, cryptographers, and economists.
Ravikash Gupta is the Founder of Lillion Innovation INC. He post-graduated in International business in 2001, then mastered finance, fund management, and blockchain development.
The next expert is Rynolds Jorden. He has experience in blockchain developments. The young specialist has been cooperating with Lillion Innovation as Head Product Auditor.
Philip Borror is a part of the management team of Lillion Innovation. His task is to lead to success strategies related to business growth, and PR & Communications.
Thatcher Itri is a Technical Lead, professional blockchain project manager. He has experience in start-up innovation, growth, and development.
What Makes Lillion Innovation (LIL) Unique?
The Lillion Innovation's goal is to improve the financial experience of users in all walks of life. Thus, a multifunctional decentralized blockchain without any transaction charges will lead the blockchain in the mainstream use cases.
LIL was developed with the aim of meeting the needs of token holders. In other words, the decentralized token increases the value of a user experience directly related to financial transactions. Due to strategically developed financial and commercial partnerships, LIL is a multi-utility token that allows members access to the platform, benefits, and discounts.Read More