Highlights

LITEX is a completely decentralized payment ecosystem for cryptocurrency.
Built on LTXN(LITEX Network), Litex supports instant micropayments with extreme low service charge.

Acceptance and application

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 and security

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.

Fast and Cheap

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.

Roadmap

2017Q4 ~ 2018Q1

Design the system architecture.
Test the basic functions of the BOLT protocol.
Consult with acquiring parties.

1

2018Q2 ~ 2018Q4

Launch LITEX payment APP.
Complete the LTXN architecture and test the theories.
Connect the acquiring parties and service providers to test.

2

2019Q1 ~ 2019Q3

Launch the Alpha version of LTXN.
Launch the official LITEX payment APP.
Connect the merchants.
Expand the acquiring parties.
Test run of transaction.

3

2019Q4 ~ 2020Q2

Launch the Beta version of LTXN.
Complete the safety test.
Open LITEX's official paymeny Software Development Kit.
Further expand acquiring parties.

4

2020Q3 ~ 2020Q4

Upgrade the APP, SDK and LTXN constantly.
Incease the application scene.
Merchants are connected in large scale.
Constantly expand acquiring parties cooperation to enhance the stability of service.

5

Team

Guanghong Xu

A PKU alumni who has 22 years of experience in a wide range of technology and business areas with a focus on providing strategic advisory services in risk management, information security, privacy and data protection, public key infrastructure (PKI) encryption and payment card process review in healthcare and financial industries across the globe.

Wang Shuobin

Bachelor (2003-2007) and master (2007-2010) in Computer Science of Peking University, former product operation director of the star product "Non-bank card payment" of Yeepay, serial entrepreneur, executive director of CEO club in Peking University, revivalist and practitioner of block chain technique.

Zhang Huaqiang

Bachelor (2003-2007) and master (2007-2010) in Computer Science of Peking University, expert in blockchain and network security, full stack engineer, designer of the "Composite decision lightning network" model, used to work as an senior research and development engineer in platforms such as IBM and Sina weibo.

Lou Huanqing

Bachelor (2007-2011) and master (2011-2014) in Computer Science of Peking University expert in blockchain, project structure engineer, full stack engineer, with abundant project experience, good at designing solutions by combining product demands and cutting edge technology.

Chu Tianshu

Founding partner and vice president of Duolabao, former product operation director of the non-bank card payment project of Yeepay, former product manager of the founding team of Baidu Shenbian, Bachelor and master in computer science and technology, Beijing University of Aeronautics and Astronautics. Duolabao is a domestic leading offline payment and marketing enterprise, top three Wechat payment service provider. The payment and transactions exceed 2 million each day

advisor

investor

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