/biz/ - Business & Finance

>The token was only created to get funds in the ICO and could easily be replaced by a stablecoin
>Their only real partner is the government of Afghanistan, which has the 7th lowest GDP per capita of the entire world in 2020 according to the IMF
>Most if not all of their marketing budget goes into paying pajeets to shill their scam on /biz/ and Telegram
>There's no proof that all 60 clients LTO has are paying customers and the team didn't offer a free or discounted trial run to boost their numbers to make LTO more appealing to investors.
>In fact the CEO explained several times that they are giving free tokens to companies to try out their system, and you wouldn't know if these companies stopped using LTO and their transactions were replaced by fake ones.
>IOTA will be able to perform LTO's entire usecase for free. LTO is a fork of waves which offers no real innovation and will be replaced by IOTA
>CEO is a long time friend of Jed McCaleb and Mark Karpelès, he was the mastermind behind the rise and fall of Mt. Gox
>Most members in the team are trainees with no experience, only the Lead Architect is talented but he was diagnosed with prostate cancer last month
>The parent company of LTO, Firm24 has lost customers and is close to bankruptcy after a scandal involving 2 employees who participated in child trafficking

yes, its a scam. dump all your bags to me. PLEASE DUMP

I arrived at some of this FUD on my own and its the reason I never bought. There's way too much uncertainty with LTO

>>28465828
Would also like someone to dispel this fud. Thinking of selling mine for GRT or DEXG or something

>>28466537
>>28466805
actually cant tell if srs

>>28466805
They have on some of the old LTO threads on here. Idk how to link them, so i cant, but just DYOR on it. Im relatively new to biz so one thing i dont understand is what is the point of shilling your coin? like if its a legit project, it doesnt need to get bought more of, itll happen on its own? why should i help anons make money?

>Most members in the team are trainees with no experience, only the Lead Architect is talented but he was diagnosed with prostate cancer last month
thanks just sold 100k

>>28466537
Explain

>>28465828
>>28465845
>>28466537
>>28467512
Having browsed several LTO threads out of curiosity today, the same pattern of negative responses is really standing out and starting to look like coordinated negative shilling. The question is who is putting so much effort into trashing this coin in such a consistent manner. Didnt even give a shit about it before but now I'm intrigued.

>>28465845
i sold the top

>CEO is known for scamming and pathological lying, has spent most of his childhood in psychiatric hospitals
[citation needed]
>The issuance of the ERC-20 LTO tokens have a tradeable asset versus the staking asset. This could certainly flag the ERC-20 LTO token as a security at the SEC, and the resulting measures taken against the LTO Network would be anything but good.
This does not matter at all. Why would a Euro-centric blockchain care about the SEC? Further, how is this ERC-20 token any different from the other utility tokens that are available and not being FUDed by the SEC?
>The whole process of having three different tokens (native, ERC-20, and BEP-2) is confusing and punnecessary.
It is not. Almost no wallets support the native token, to allow early adopters the ability to procure tokens, easily tradable assets are required.
>The team claim to have been working on it for 6 years but their website was created 2 years ago
Website creation only makes sense once the technology is available and working to attract seed money and early clients.
>LTO is centralized, slow, and the tokenomics are unsustainable if the price gets higher than $0.5 as it would force clients to pay much more than if they were using a regular a regular company.
It is not centralized, the network encourages adopters to setup and run their own nodes. Staking incentives ensure this, allowing integrators to run net-zero costs. If the price rises above an unsustainable level, nodes can vote and agree to reducing transaction fees.
>They are using IBM cloud to host empty PDF files and claim they have a partnership with IBM
[citation needed] and counter-FUD: https://www.youtube.com/watch?v=zMa4HwgoeMI&feature=emb_title

>>28468708
It's the sourpusses that have been priced out or ppl that want to accumulate more that r fudding

>>28468708
lmao literally half the holders. unironic accumulation

>>28468708
>>28469169
>>28469283
If you saw those botted fake sell walls on Binance today, it makes me think this is a coordinated fud.

>>28465845
>>The token was only created to get funds in the ICO and could easily be replaced by a stablecoin
The token is used by integrators to pay for transactions.
>>Their only real partner is the government of Afghanistan, which has the 7th lowest GDP per capita of the entire world in 2020 according to the IMF
And NEN, and the dutch waste ministry, and the ministry of justice, and Diamond Centre Wales, with other partners on the way. These are partners actually using the network for real-life use cases.
>>Most if not all of their marketing budget goes into paying pajeets to shill their scam on /biz/ and Telegram
smells like curry in here
>>There's no proof that all 60 clients LTO has are paying customers and the team didn't offer a free or discounted trial run to boost their numbers to make LTO more appealing to investors.
This is not negative even if it is true; it reduces available supply and encourages future adoption by demonstrating working systems to other companies
>>In fact the CEO explained several times that they are giving free tokens to companies to try out their system, and you wouldn't know if these companies stopped using LTO and their transactions were replaced by fake ones.
Read the white paper; fake or spam transactions are net-negative in a LPoI scheme.
>>IOTA will be able to perform LTO's entire usecase for free. LTO is a fork of waves which offers no real innovation and will be replaced by IOTA
[citation needed]
>>CEO is a long time friend of Jed McCaleb and Mark Karpelès, he was the mastermind behind the rise and fall of Mt. Gox
[citation needed]
>>Most members in the team are trainees with no experience, only the Lead Architect is talented but he was diagnosed with prostate cancer last month
[citation needed]
>>The parent company of LTO, Firm24 has lost customers and is close to bankruptcy after a scandal involving 2 employees who participated in child trafficking
[citation needed]

Lmfao whoever wrote all that bs definitely sold the bottom, likely thought 18c was a great exit.

>>28465828
smells like rotten milk in here

Keep going guys. Wanna buy a suicide stack if it drops a bit

>>28469475
I have a small stack myself, just am poor and can't risk losing fren

>>28465845
Wait?! I haven't been paid anything to shill this coin! Have I been scammed?!