Cryptoenter was introduced as a blockchain infrastructure for digital banking, leveraging Hyperledger Fabric to facilitate secure and seamless financial transactions. The project aimed to connect banks, businesses, and users in a decentralised ecosystem, offering:

• Instant fiat and cryptocurrency payments – Enabling transactions between users, businesses, and financial institutions.
• Messenger-based transactions – Allowing users to perform payments and other operations directly within a messaging application.
• Integration with retail stores – Supporting merchants in accepting cryptocurrency and fiat payments.
• Exchange trading – Claimed to be powered by a high-speed trading engine from the London Stock Exchange Group, facilitating transactions on Cryptoenter’s exchange.
• Banking operations – Enabling the transfer of fiat and cryptocurrencies between users.
• Currency exchange – Offering instant conversion between assets at a given rate via a bank-facilitated exchange mechanism.

Cryptoenter promoted itself as an alternative to Ripple (XRP), positioning its infrastructure as a way for banks to integrate blockchain-based financial services while retaining control over liquidity.

LION was an ERC-20 utility token launched as part of Cryptoenter’s Market Expansion Offering (MEO)—a fundraising model intended to finance the project's growth while ensuring token utility. The initial price was set at $0.136 per LION.

Cryptoenter described LION as a key component of its ecosystem, though there is no clear evidence that the token was actively used within the platform before being removed from all official references.

Based on archived materials, LION was intended to be used for:

• Payments and transfers – Enabling fiat and crypto transactions within the platform.
• Exchange trading – Acting as a medium for transactions in Cryptoenter’s trading services.
• Crowdfunding and investments – Being used within Cryptoenter’s ecosystem for fundraising initiatives.
• Access to Cryptoenter’s financial services – Potentially serving as a fee or membership token.

Cryptoenter was developed by Smart Block Laboratory, a company founded in 2017 and based in Moscow, Russia. The firm was an IBM Silver Business Partner, a Linux Foundation Silver Member, and a Hyperledger General Member.

Key individuals associated with the project included:

• Pavel Lvov – Founder, CEO, and Software Architect, an IT entrepreneur with experience in finance and blockchain.
• Andrey Filatov – Technology Advisor, former CEO of IBM Russia and Head of SAP CIS.
• Damir Gareyhanov – Senior Backend Developer, specialising in Java, Go, Python, and Rust.
• Aleksandr Lipovitskiy – Senior DevOps Engineer, with experience in server automation and infrastructure.
• Ali Kuzuget – Senior iOS Developer, involved in financial app development for major Russian banks.

Despite its initial promotion, Cryptoenter has removed all references to the LION token from its website, and there have been no updates regarding its status. Key observations include:

• No active trading or exchange listings for LION.
• No official statements explaining the token’s disappearance.
• The project has shifted its focus to blockchain infrastructure for banks, with no mention of token-based services.

This raises uncertainty about whether the LION token was ever fully integrated into Cryptoenter’s financial ecosystem. Without any official clarification, it remains unclear whether the token has been abandoned, repurposed, or will be reintroduced in the future.