With the resources in the payment industry, LITEX ecosystem can easily spread out to various merchants all over the world, as they do not need to make any changes in their current settlement procedure. Making LITEX acceptable on a wide range.
Stability is securely insured by LTXN and its Smart Contracts. The payment channels are built on smart contracts, which have strict rules of accessing the assets. The balances are locked in the channel. No capital loss would accrue even if the network is attacked.
With the increasing nodes in the LTXN, LITEX has the ability to handle millions transactions per second, with extremely low transaction fee. LITEX aims to provide the best crypto payment experiences to every crypto currency users.
Jeffrey has 40 years of experience include investments in Uber and Airbnb, after which he turned his focus to bank transactions, lending platforms, and the blockchain industry. His advisory role will help guide LITEX's international growth and development strategies. Jeffrey began his career trading options and futures while studying at the University of Chicago. He later worked at Salomon Brothers, then became the youngest Senior Officer at the National Bank of Detroit. Jeffrey then launched a technology-focused venture capital firm and created a hedge fund to invest in distressed and bankrupt companies, helping to restructure their balance sheets. As an angel investor, his focus expanded to the sharing economy, biomedical, and blockchain technologies.
Lin William Cong is a professor of Finance and PhD advisor at the University of Chicago, and a faculty affiliate at the Center for East Asian Studies. His main research fields are dynamic corporate finance and information economics. His research interests include financial innovation and technology, real options, information and mechanism design, entrepreneurial finance, capital market imperfections, and China's economy and financial system. For his work, Cong has received the Finance Theory Group Best Paper Award, the Shmuel Kandel Award, and the Zephyr Prize for Best Paper in Corporate Finance, amongst other honors and fellowships. He was also a George Shultz Scholar at the Stanford Institute for Economic Policy Research and a Doctoral Fellow at the Stanford Institute for Innovation in Developing Economies. Additionally, his undergraduate research in physics and applied mathematics resulted in publications in a variety of science journals. Cong currently serves as an advisor for the Wall Street Blockchain Alliance (non-profit), and a member of multiple professional organizations such as the American Economic Association and the Econometric Society.
Cong earned a Ph.D. in finance and a MS in statistics from Stanford University, where he received the Gerald Lieberman Fellowship for outstanding contributions in research, teaching, and university service, and the Asian American Award for graduate leadership. He also holds dual degrees from Harvard University where he graduated top in Physics in 2009 with summa cum laude and Phi Beta Kappa, receiving an A.M. in physics, an A.B. in math & physics, a minor in economics, and a language citation in French.
Cong is a native of Shenyang, China. Outside his research and teaching, Cong practices Chinese Calligraphy, and enjoys reading, sports, cross fitness, guitar, as well as learning French and Japanese. Cong is also passionate about technological innovations, education in China and in the U.S., and integrating quantitative and fundamental approaches to investments in various asset classes, to which he first coined the term "Quantimental Investing" in 2014.
Chen Bin is the former architect of Paypal. In 1989, he obtained a master’s degree from Jilin University. Afterwards, he once worked as director of integration for Hitachi U.S. system, chief architect of Abacus, chief engineer of the Nokia U.S. network application, which provided him with rich oversea experiences and years of experience in architecture of payments industry. He has translated and published many works such as “The Architecture and Its Future”, “Scripture of Architecture”, and “Big Data Is The Future - Road of King”, which makes him a practitioner and evangelist of the cutting-edge network technology