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Revolutionizing Payments: Exploring Lillion's Blockchain Use Cases

Introducing Lillion (LIL)

Lillion (LIL) is a blockchain use case project developed by Lillion Innovation INC. Launched in 2021, LIL aims to create community-centric, crypto payment systems by offering a low-cost, high-speed blockchain experience. The project's journey started with the development of the LIL POS protocol and the release of the V1.0 whitepaper in Q1 2021. In Q2 2021, the team began building a community, and in Q3 2021, LIL saw its first use case in the travel industry through Treksurf.com. The project underwent testing in Q4 2021.

Lillion Innovation INC plans to leverage the attributes of the Lillion Token (LIL) to create various decentralized platforms, including an e-commerce platform, a casino platform, a payment gateway, and a trading platform for LIL and other cryptocurrencies. By harnessing the power of blockchain technology, LIL aims to provide a wide range of options for Proof of Stake and crypto-economic design.

Lillion's Proof of Stake mechanism ensures fair participation in the protocol and serves as a Sybil resistance mechanism. With features such as delegation, instant redelegation, delegation commitments, and efficient automatic reward distribution, LIL offers a unique approach to Proof of Stake and crypto-economic design.

In terms of inflation, the supply of LIL tokens is controlled by stake holding. Currently, around 350,000 LIL tokens are staked, and only the daily generated APY can be sold. On the other hand, if stakeholders do not sell 50% of the generated APY in the market and the price of LIL surpasses $5, the additional tokens will be contributed from the main supply. This scenario is triggered by a significant price increase within a short period of time.

Meet the Visionaries behind Lillion Innovation

Lillion Innovation's team comprises blockchain professionals, renowned developers, experienced researchers, mathematicians, cryptographers, and economists. These experts bring diverse expertise to the project, driving its success forward.

Ravikash Gupta, the Founder of Lillion Innovation INC, holds a post-graduate degree in International business and has extensive knowledge in finance, fund management, and blockchain development.

Rynolds Jorden, a blockchain development expert, serves as the Head Product Auditor, contributing to the growth of Lillion Innovation.

Philip Borror, a member of the management team, leads the strategies for business growth, PR, and communications at Lillion Innovation.

Thatcher Itri, the Technical Lead, is a professional blockchain project manager with a background in start-up innovation and growth.

What Sets Lillion Innovation (LIL) Apart?

Lillion Innovation's primary goal is to enhance the financial experience for users across various domains. By offering a multifunctional decentralized blockchain with no transaction charges, LIL aims to become a leading solution for mainstream use cases. The decentralized token is designed to increase the value of user experiences directly related to financial transactions. Through strategic financial and commercial partnerships, LIL provides numerous benefits, discounts, and access to the platform for token holders.

Lillion Innovation (LIL) Roadmap:

Please note that the product development timeline presented here is subject to change based on feedback from initial customers.

Phase 1: Test environment August 2021 Mainnet October 2021 Travel Platform Goal: Enable users to book air tickets, hotels, and taxis using Lillion (LIL) and other cryptocurrencies like BTC and ETH. Additionally, develop a smart travel platform with value-addition features.

Phase 2: Test environment January 2022 Mainnet February 2022 Online Casino Platform Goal: Create and introduce an online casino platform with a trust system for users. Enable gambling using LIL, BTC, ETH, and other cryptocurrencies.

Phase 3: Test environment February 2022 Mainnet July 2022 E-commerce Platform Goal: Accept Lillion currency, as well as BTC and ETH, for transaction purposes. Enable merchants to exchange Lillion to fiat currency and transfer funds to their preferred accounts.

Phase 4: Test environment August 2022 Mainnet December 2022 DEX Wallet for clients + vLIL program + significant improvement of E-commerce platform with trust and reputation algorithm. Goal: Implement a comprehensive value-addition and reputation system, including improvements to the E-commerce platform with a trust and reputation algorithm. Enable features such as making/solving claims, rating merchants, writing reviews, and more. Introduce a loyalty program during this phase of development.

Phase 5: Test environment October 2022 Mainnet December 2022 Online Games Betting Platform Goal: Develop and launch an online games betting platform. Enable acceptance of payments in LIL, BTC, ETH, and other currencies, with the option to exchange them into preferred fiat currency.

Phase 6: Test environment March 2022 Mainnet December 2022 Social Media Platform Goal: Develop a robust social network platform with desired features such as privacy and data control, ad-revenue share up to 80%, content and curation rewards, cross-posting capabilities, and multiple crypto rewards. The platform will utilize blockchain technology and offer daily payments for content and curation rewards directly to users' wallets.

Phase 7: Test environment December 2022 Mainnet February 2023 Blockchain Goal: Develop an ideal blockchain network architecture that allows multiple use cases to interoperate while maintaining security properties. The architecture will involve many independent blockchains powered by Tendermint BFT, a high-performance, consistent, and secure PBFT-like consensus engine. This approach, coupled with the Tendermint BFT consensus algorithm, will facilitate the scaling of public proof-of-stake blockchains.