Lition (LITION) Blockchain Platform - Rating and Details of Lition ICO (Token Sale) - Rating: Not Rated

Lition is developing the only scalable public-private blockchain with deletable data features, made for commercial products. Designed with Lition’s live P2P trading use case, and co-innovated with SAP. 

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Q4 2017

Company incorporated;
Initial Fundraising;
Licensing process for electricity supplier initiated'
Alpha version of app;
First partnership initiated.



Q1 2018

License as an electricity supplier obtained in Germany;
Beta version of P2P energy trading app;
First green power plants connected to Lition Energy Exchange;
First employees on board (4 internal and 6 external).


Q2 2018

Mass market ready (>41 million households);
Scaling up connected green power plants to 18 GWh in Germany;
Smart reader integration;
Business requirements for blockchain specified;
Design of blockchain architecture;
Technical advisory SAP.


Q3 2018

Use case for P2P applied for energy retailing piloted;
Leading energy partners on board;
25 people at Lition;
Office in Beijing opened;
Technical WP released;
Blockchain prototype;
Development with SAP started.


Q4 2018

Seed funding round completed;
Commercial expansion of P2P Energy trading use case;
Support of German Blockchain Law makers enabling STOs in Lition Blockchain.



Q1 - Q2, 2019

Testnet 1.0 public release ;
P2P expansion to large industrial clients;
Smart grid use case launch;
Energy-data driven use case launch;
1st use case migrated;
Testnet 1.0 public release;
dApp Partners onboarded;
Team Scale-Up.


Q3 - Q4, 2019

Growth of partner network within energy sector;
First pilots of regulated industries outside energy;
Mainnet 1.0 public release;
Testnet update;
Large-scale user migration.



Large-scale marketing for ecosystem;
Worldwide commercial, large-scale use cases of industries
outside of energy (healthcare, finance);
Mainnet 2.0 public release with full set features.


Team Members

Richard Lohwasser

Co-Founder & CEO

Richard holds a Ph.D. in energy economics and is an international awarded IT specialist and blockchain expert. At 15, he was fluent in 7 different programming languages. At 17, he developed and founded the startup, a Top-10 website at that time in Germany, with 1 million views per day. Later he completed a 5-year university program in 3 years and graduated as No. 1 student. After founding another tech startup in California and working for 6 years as a strategy consultant for McKinsey, he was appointed the youngest director in the history of Vattenfall: a US$ 10bn European utility corporation. Directly before Lition, Richard was managing director of German operations at leading independent international energy supplier ExtraEnergie, where he was responsible for >350 employees and US$ >1bn in sales.


Dr. Kyung-Hun Ha


Kyung has a strong management and IT background. He holds an MBA and Ph.D. in IT (Summa cum Laude). He has been a director for Online at Vattenfall, one of four leading multinational energy conglomerates in Germany with more than US$ 10 bn in sales. Currently, he is a senior director responsible for operations at GASAG, a US$ 1,4 bn leading energy supplier in Germany. In addition to his operational functions with Lition and his role at GASAG, he is an expert in the field of online marketing & data analytics. Prior and in parallel to his corporate career, he has successfully founded five start-ups in the tech and ecommerce sectors.


Dr. Manfred Gabriel

Board Member

Manfred has invested more than US$ 1.2bn, with 850mn from institutional investors. He holds a Ph.D. in Business. He was one of the founding partners of ADVISUM in 2001 and has since developed, raised, invested in, and jointly managed funds. He founded various start-ups and invested in more than 100 companies with approx. 35.000 total employees and a combined revenue of more than US$ 7 bn. Prior to this, he was Managing Partner at the investment firm GCI Management in Switzerland, and an account manager at Cap Gemini responsible for growing and restructuring companies in the technology, automotive and financial sectors like Deutsche Bank, BMW AG and Citigroup.


Jan Wiedenhaupt

Board Member Legal/Finance

Jan graduated in business and engineering. He has served as a founding partner and managing director of ADVISUM since 2001. He developed, invested in, and jointly managed funds for institutional investors with more than US$ 700m. As of right now, he’s been responsible for a volume of more than US$ 1 bn. Additionally, he has founded four start-ups. Before that he was a member of the management board of GCI Management Germany, a now stock listed investment firm. Earlier he served as Engagement Manager at Cap Gemini, responsible for clients like Deutsche Bank, Deutsche Telekom, and other clients in the financial and technology sectors.


Reinhard Lohwasser

Board Member Technology

Reinhard completed his master’s degree in physics and holds an MBA. He has been a partner of ADVISUM since 2006. Until now, he has been responsible for an investment volume of more than US$ 400m. Additionally he founded three startups, one together with his brother Richard Lohwasser. Before that, Reinhard worked for Lucent Technologies in various top management positions, such as Global Product Management Team Lead, where he held the profit and loss responsibility for the worldwide leader in optical multiplexer. Prior to that, he worked as a consultant for Cap Gemini, GCI Management, and Lockheed Martin, USA, in the field of atomic physics.


Stephan Vogel

Business Development Manager

Stephan is a certified accountant. As a department manager at ExtraEnergie, he ensured correct billing and revenue assurance of 700.000 customers. He was responsible for more than 30 employees in the area of finance, accounting, and controlling. His excellent leadership qualities and successful optimization of operating processes were a significant benefit for the department. Stephan has also studied information systems with a focus on development, administration, and web connection of DB2 and SQL databases. Furthermore, he successfully founded an e-commerce platform for World of Warcraft.


Stephan Bialek

Head of Finance & Operations Manager

Stephan is a certified accountant. As a department manager at ExtraEnergie, he ensured correct billing and revenue assurance of 700.000 customers. He was responsible for more than 30 employees in the area of finance, accounting, and controlling. His excellent leadership qualities and successful optimization of operating processes were a significant benefit for the department. Stephan has also studied information systems with a focus on development, administration, and web connection of DB2 and SQL databases. Furthermore, he successfully founded an e-commerce platform for World of Warcraft.


Benni Wörpel

Blockchain Marketing Manager

Benni has a B.A. in Science and Technology and a master’s degree in integrated natural resource management. His main focus areas are renewable energy and climate change and methodology and modelling of sustainability. He is a blockchain pioneer, and is certified by the first blockchain university courses in Germany. His master’s thesis examines the implementation of blockchain technology in a carbon cap and trade scheme. Benni has marketed and partnered with various startups, and is also an early investor in bitcoin and altcoins.


Qinwei Hao

Managing Director Lition China

Qinwei is a graduate of the renowned China Youth College for Political Sciences (中国青年政治学院), which only accepts 100 students per year. Thereafter, she earned a master’s degree in economics from the University of Cologne. She then held various managerial positions in an electrical company, where she worked for more than 7 years. Thanks to the international context she has worked in, Qinwei has developed a strong intercultural mindset which fits Lition’s global vision. As Managing Director, she is leading Lition’s Chinese branch in implementing EV charging stations in China.


Chris Kilchling

Brand & Design Manager

Chris has led branding and design across many industries. In the blockchain space, Chris served as Creative Director of Crypto Club Africa and is now responsible for all brand and design matters at Lition. Prior to this, he earned a diploma in graphic design and accumulated 15 years of multidisciplinary experience while working as a brand consultant and creative director on projects around the globe. He specializes in the development of corporate identities for forward-thinking brands in a variety of markets. Through his work, he has elevated numerous successful companies by implementing compelling and fully-integrated design and branding strategies.


Susanne Hößler

Senior Data Analyst

Susanne's working career began at AMD, where she technically supported both private and business clients. Her strong analytic mindset and technical understanding not only enabled highly efficient service, but also prepared her for nearly a decade as Data Analyst at eg Factory, a leading IT and operations service provider in Germany. Susanne led the analysis of the company's >700.000 customers. Working closely with senior tech experts and company leadership, Susanne’s data-driven approach fundamentally influenced business procedures and company decisions.


Amy Xiao

Marketing & Community Manager

Amy has worked with multinational companies for more than 9 years, and has gained tremendous experience in global sales and marketing. Her work environment has always been very international so she has excellent, customer-driven communication skills. Amy runs our Chinese social media channels and community building. Additionally, having studied international business English for several years, Amy is currently translating all relevant material about our blockchain technology for the Chinese market.


Alexander Bugaj

TGE Manager

Alex holds a B.A. Degree in International Business and has found his true passion within the cryptosphere. He succeeded early on within the market by putting his focus mainly on token sales. Thanks to his occupations as an ICO Researcher, Alex took a deep dive into the subject of token sales and has been confronted with community management tasks as well as investor relations.


Dr. Jürgen Müller

Technology Advisor

Jürgen holds a Ph.D. in IT Systems Engineering from the Hasso Plattner Institute where he was co-representative of Professor Plattner’s research chair at the Hasso Plattner Institute (HPI) for Software Systems Engineering, University of Potsdam, Germany. Besides numerous teaching activities, he mainly contributed to research projects in the area of In-Memory Data Management.

Jürgen is Chief Innovation Officer of SAP, the world’s leading enterprise software company with over 335,000 customers in over 180 countries and €22 bn in revenues. Jürgen has global responsibility for innovation across SAP and advises the executive board on all innovation-related topics in the tech field. As SAP's main driver for innovation, he has a deep understanding of the most recent tech trends, especially blockchain technology.

As Lition's chief advisor for innovation and blockchain technology, Jürgens assures Lition develops the most technically sound, innovative and tangible solutions to conquer the market. Therefore, Jürgen is working very closely with Richard and Kyung to plan and execute all tech and innovation decisions.


Kelly Ford

Sales & Marketing Advisor

Kelly is a serial international entrepreneur with 28 years of international marketing and strategy experience including 2 venture-funded tech startups (SiteAdvisor and Hunch) with successful exits (to McAfee and eBay). Most recently, Kelly served as Chief Marketing Officer at leading European mobile bank N26. During his marketing leadership, N26 became one of Europe’s most successful FinTechs, expanding from 2 countries to 17, growing its customer base 12x to more than 1 million, and raising in excess of $200M in venture capital.

Before N26, Kelly was CMO for PayPal in Germany, Austria and Switzerland. Prior to that he served as Head of Marketing, for EBAY in New York, as Sr. Director of Marketing for MCAFEE and as Director of Media Strategy for AOL. His early career included 8 years in international brand management at the iconic Campbell Soup Company as well as several years in boutique strategy consulting to Fortune 500 clients. Kelly has an Electrical Engineering/Computer Science degree from Stanford University and an MBA from INSEAD.

Kelly’s deep experience in brand building, performance marketing and international growth strategy will be an invaluable asset as Lition builds a trusted consumer brand with global presence.


Lihua (Jack) Yi

Cryptocurrency Advisor

Jack is the founder of LD Capital, Chairman of LD Group, and Chairman of FoKing Group. As an internationally acclaimed blockchain investor, Jack was named one of the Top 10 blockchain investors of 2017 by a top technology review agency in China. To date, Jack has invested in more than 150 blockchain projects, including EOS, QTUM, Stellar, Vechain, BTM, Ulord, BUMO, Quark and Penta. Some of his portfolio projects have yielded 100X returns. Prior to founding LD Capital, Jack was involved in the establishment of Youling Capital, VISINO and TokenMania. Jack has established a strong presence in the Chinese blockchain community since 2016, and is now widely recognized as one of the industry leaders in the global blockchain space.


Sang-Seop Lee 이상섭

Advisor Blockchain & Energy Use Cases

Sang-Seop is working as Head of Specialists and Leading Energy Expert for the Korea Block Chain Association (KBCA), primarily conducting research and providing blockchain consulting services for the smart energy age. With his strong ties to the international energy community and profound technical know-how, Sang-Seop constantly explores the implementation of blockchain technology in the energy sectors with leading experts and executives around the globe.

Sang-Seop has worked in the tech and IT sectors at various senior executive positions for over 16 years. For seven years he has been the Head of SI Division of Gabia, one of the leading South Korean-based companies dedicated to the provision of internet infrastructure services. Prior to that, he worked as a Managing Director at Godosoft Co. Ltd., the leading e-commerce solution provider in South Korea. Sang- Seop has a Sociology degree from the prestigious Yonsei University in Seoul, South Korea.


Eddy Travia

Advisor Digital Token Economy

Eddy Travia is a pioneer investor in blockchain technology startups and the CEO of Coinsilium, a London-based venture builder, accelerator and investor in early-stage blockchain technology companies (NEX:COIN). In July 2013, after several years in private equity in Greater China, Eddy co-founded Seedcoin, the world’s first global incubator of digital currency startups and, in May 2014, was named among the ‘Top three Most Influential Investors’ at the Blockchain Awards. Eddy has led early-stage investments in 17 blockchain companies around the world. He also regulary delivers keynote speeches on blockchain and advises corporates and financial regulators.


Prof. Dr. Markus Bick

Advisor for Research

Prof Dr. Markus Bick has been Head of the Chair of Business Information Systems at the ESCP Europe, one of the top tier Business Schools in Europe, since 2005. His chair of talented researchers and developers mainly focuses on the effective and efficient development and utilization of information systems like blockchain technology, as well as on the challenges and opportunities related to digital transformation. His main objective is to gather theoretical knowledge, methods and tools regarding modern digital information systems and technologies. During his tenure at ESCP Europe, Prof. Dr. Markus Bick has published countless journals, conference papers, and book contributions at highly renowned outlets worldwide. He holds a Ph.D. in Business and Information Systems from the University of Duisburg-Essen, where he worked as a researcher at the Department of Information Systems for Production and Operations Management (Prof. Dr. H. Adelsberger).

As Lition’s advisor for research, Prof. Dr. Markus Bick strongly supports Lition with the latest research insights in blockchain and key drivers for market adoption.