Lition (LIT) Staking - All information about Lition staking - DropsEarn
Lition

Lition (LIT)

Lition is developing a 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.

  • Reward: 79.81%
  • Adjusted Reward: 79.81%
  • Compound Reward: 121.94%
  • Adjusted Compound Reward: 121.94%
  • Inflation: 0.00%
  • Lock-Up Period: 365 days
  • Total Staked: 8.57%
  • Price: $0.0096
  • Market Cap: $842,236
  • Rank: #1830

About Lition

The Lition protocol is a layer 2 scaling solution on top of Ethereum in order to complement its mainchain with certain functionalities such as scalability, privacy and deletability. We intend to be used by any developer working on a dApp that serves a mainstream market in a legally compliant way. To find out more about our blockchain ecosystem, download and read our whitepapers.

How can I join official Lition Energy chain ?

Follow intructions at Join-official-Lition-Energy-chain

I am getting Bad instruction error in ethereum while trying to vest in chain, what i am doing wrong ?

You did not approve Lition Registry contract to work with your tokens. Please read Join-Network-as-a-validator wiki to understand how to approve Lition contract to work with your tokens.

Will I receive rewards each day ?

It depends on concrete sidechain, creators can specify rewards distribution interval to be specified in range <2, 48> hours. In Lition Energy chain you will receive reward every 12 hours (8640 blocks)

How can I stake (vesting) ?

Lition recommend using metamask as they used only metamask for testing and interacting with the main smart contract, staking including. But you can sign your transactions in any way you want.

Can I stake from my ledger ?

Yes and no. You can not be a validator, if you do not have direct access to your private key, so in case you can not export private key from your HW wallet, you can always vest in pool. But Lition do not encourage to export your private key from your HW wallet, better option is to create one account just for vesting outside your HW wallet and you that one.