Copyright © 2004-2021 LHCrypto
All rights reserved.


Lition sells cheap electricity

  • Lition_electricity
Articles list

Already more than 700 German households can save on the purchase of electricity. This is helped by the Lition platform, which is now reporting on the first results. Thanks to its efforts, customers buy electricity at 20% cheaper.

How does Lition work?

Decentralized service on the Ethereum platform was launched in early 2018 with the company's own money. It directly connects power plants and consumers, which allows excluding from the chain all intermediaries. The platform automatically processes the request of buyers and finds cheap electricity.

This turned out to be beneficial to all, as power plants receive an additional up to 30% of the usual amount. In Germany, there is a demand for "green energy". Although it is more expensive, public opinion is sympathetic to wind-driven generators and solar panels. Therefore, users can choose which power plant they should cooperate with.

So far, Lition is active only in Germany, and only in the territory of 12 cities. It plans to expand its activities in other EU countries, but an obstacle is compulsory licensing.

Prospects for the blockchain

However, the head of Lition Richard Lohwasser believes that his company has prospects for further development on a global scale. In particular, he is dissatisfied with the speed of the Ethereum platform, which gives a delay of execution of the order up to 30 seconds. Therefore, work is underway to create its own platform.

This example vividly shows how the blockchain is capable of improving the life of modern society. In this case, the total saving in deliveries reaches 50%, which allows to increase investment in energy production and reduce consumer spending.

And Lition is not the only one who develops this direction. In the summer of 2018, a similar project was launched in Spain. And the British Centrica is currently conducting tests to create a similar trading platform on the blockchain.

Are you ready to start?
Open Account Be a Partner

LH-CRYPTO is an online service for crypto-traders

LH-CRYPTO is an online service for crypto-traders. The service is available to everyone, except for the citizens of particular countries and several categories of people listed in the License Agreement. LH-CRYPTO is a free software for making conversion operations with CFDs on various financial assets nominated in cryptocurrencies.

The project does not manage funds and does not guarantee profits. The project only offers a service that allows to make conversion operations with cryptocurrencies on a specially configured software.

This website is maintained and supported by the following legal body:


All the settlements in this project are processed solely in cryptocurrencies. Conversion operations are processed on the terms of margin trading without a direct supply of underlying assets. According to the generally accepted term, these operations are called operations with OTC (over the counter) CFDs (contracts for difference).

Trading with OTC CFDs involves considerable risks. We recommend you pay the utmost attention to both theory and practice of margin trading before making any of such operations.

The services provided by this project are not available for: residents of USA, France, North Korea, Spain, Sudan and Syria.

visa mastercard 3D secure visa 3D secure mastercard