/biz/ - Business & Finance

>>28603397
Trying to figure this out myself. Sitting on a 30k stack.

>>28603397
>Do biz just like pajeet coins and meme coins?

Yes.

Slow and steady use cases are boring. Not complaining, though - lets the rest of us build stacks.

4.4k stacklet only with no way of increasing it

>>28603984
Incorrect. You can stake it.

>>28604085
Do you have to stake for a minimum amount of time? Like are they locked in and can't be unstaked for a period of time?

>>28603546
prove it

Because it is not some pajeet PnD coin that has the potential to moon 30301231% in 69 days.

It will be a steady, slow climb to top 20. But I guarantee it won't fly under the radar for much longer.

>>28604229
Nigger im sitting on a 41k stack. Get over it

>>28604194
You can lease any amount to an existing node if you don't have enough (100k) to run a node yourself. It costs 1 LTO to start the leasing contract. It also costs LTO to have the staking rewards sent to you. I haven't done the exact math but I assume you want at least 1000 for it to be worth it.

It also costs 1 LTO to cancel leasing which you can do at any time. Xeno is the /biz node and 99% of rewards are shared (most other nodes have a lower share around 95% or so).

>>28604523
hah, thought so.

>>28604194
There is literally no time limit. You can stake (technically lease) for as long as you want or as short as you want

>>28604568
No picture will satisfy you fudder. Ill take a screenshot of my lease, blur out my address, and you would call it photoshop.
IVE BEEN SAYING IT SINCE .20, GET IN NOW OR YOULL GET PRICED OUT

>>28604545
wait fuck what, I need 100k for a node? Fuck nobody told me this shit. I need to DCA then to get to 100k fuuuuckkkkkkkk

>>28604194
You might have to wait a certain number of blocks before the lease counts (e.g. 1000 blocks, or about 16 hours) but otherwise no.

Just realised I'm reading all the LTO threads and they're all organic, no shillers or fudders. It's giving me good vibes anons.

>>28604685
Just lease to biz node fren

pass the joint dutch bro

we still early here

Will the APY always stay at 7% or is there a way, and if so how, that it can increase?

>doesn't promise the next HYPE FINANCIAL REVOLUTION PLATFORM
>doesn't promise DAPPS SMART CONTRACT IN EVERY MAJOR COMPANY
>only a beautiful and easy to use bread-and-butter Business2Business solution for legacy systems

also
>literally no marketing

>>28604685
You can LEASE any amount fren, 100k to start a node to stake though. Just lease, you get the same rewards

>>28604925
ty, reading about leasing now my fren.

I take it we are all eurofags here?

>>28604925
mass transfer fees are 11 LTO, looking at todays stakes, most recipients had less than 11 LTO. Are they all getting shit on by staking or are these 11 LTO split up between all recipients?

>>28605366
Am burger, used VPN to buy from binance.

I want to buy this but it has already gone parabolic, im not sure
I never buy things that have 2x in a week

>>28605604
As I understand, the one sending it pays the transfer fees, so the owner of the biznode.

>>28605033

Neem een goede hijs broeder

STOP MAKING THREADS ABOUT LTO AND HBAR I NEED TO ACCUMULATE MORE

>>28605366
No im a burger but I went to Amsterdam once and did mushrooms at flevopark if that gets me any sort of cred

>>28605667
Look at market cap. Look at total circulating supply. Now remember half that supply is being leased RIGHT NOW.
I’m literally about to buy more and I bought my first at .17

I only have 300 LTO, how many should I have to be worth staking?

>>28605714
Reeeee, take out a loan nigger get this shit QUICK

Who knows, anon. I will spoon-feed them.

>>28604915
Same, but I'm hesitant to get onto this cause I'm still a poorfag and all in GRT which doesn't seem to be slowing down. I am keeping an eye on this though and might swap soon, since I'm under 2k GRT so no delegating there.
All these threads are giving me January-GRT-threads vibes.

>>28605200
So why would somebody run a node than? Is it safe to lease to biz node?

>>28603397
Shh shh, keep quiet man this shit is underground right now, dont worry people will catch on and FOMO into it.

>>28606707
Yeah with leasing the coins stay in your wallet

>>28603397
Loow marketing, it's basically a b2b registry solution, that's not attractice to most crypto investors(aka adhd numaber chasers). It's not selling itself as the next crypto x10 because that's not their focus, despite the potential being there.

>>28606707
Leasing is safe in general in that it never leaves your wallet. Leasers are getting 95-98% of the network transaction rewards, the rest goes to the owner of the node.

Will I get compounding interests or do I have to manually release my rewards?

I just bought 1000 LTO, planning to hold 4 years. It's going to be painful if there is a BTC crash again, but long term potential is very good. How much is needed to stake?

>>28607010
I don’t think every node compounds. You’ll have to be sure to check out the specific node to see if it does

>>28607065
No minimum

>>28606831
So is it better to lease or start a node?

>>28603397
>CEO is known for scamming and pathological lying, has spent most of his childhood in psychiatric hospitals
>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. T
>The whole process of having three different tokens (native, ERC-20, and BEP-2) is confusing and unnecessary.
>The team claim to have been working on it for 6 years but their website was created 2 years ago
>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.
>They are using IBM cloud to host empty PDF files and claim they have a partnership with IBM
>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.

How much can you earn staking 10k LTO?

>>28607256

Thanks bro.

By the way, who here is planning to hold through potential BTC crashes? What do we think LTO can recover to?

>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 and is likely to pass away this year
>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
>It's been proven that the team shares and publishes misleading information about the number of staked tokens and daily transactions
If you are a newfag and wonder if you should buy LTO or not, do yourself a favor and use filters to hide every LTO thread. Do not listen to the paid shills ITT unless you want to end up broke.

>>28607264
Depends on your stack. Everything under 100k probably better to lease. You will get 99% on the biz node

>3. What is the incentive to run my own full node instead of leasing my coins?

>More revenue if you have enough people leasing to you and payout is not 100%. Also you can provide services on LTO Network with your node. Running a node might be profitable later on but it's not at the moment. If it is it's only marginal.

how is this network supposed to run if there is no incentive to run a node?

>>28607472
Cheers bro. Yeah I was wondering what the benefits of running a node are vs leasing. If there’s benefit to try and get to a 100k stack even. Leasing will be the go to but was hoping an Lto anon might know ?

i just bought 50k
how do i find the /biz node i dont see it on this shitty google doc
thx frens

>>28604915
/biz/ even has it's own node

>>28607338
>>28607435
LTObros what is this

>>28607570
I don't think any of the nodes are 100% rewards unless they are private. So nodes are generating network rewards for the owner in the form of fees from people leasing to their nodes.

Can you stake or lease on Binance?

>>28607338
>literally a nameswapped FTM pasta

>>28607677
https://xeno.finance

>>28607338
>>28607435
t. rakesh

>>28607728
He’s in every thread pasting the same pasta with no sources trying to FUD LTO.

>>28604194
Nope. Just cost 1lto as far as I'm aware.

Because It launched during a bear market.

>>28607728
Copypasta. Literally from a chainlink FUD

>>28607792
thx fren
just added 51750
may we all become exceedingly wealthy

>>28603397
I just swapped all my Rubic for LTO. now watch as Rubic moons like crazy while LTO gets hacked or FUDDED to 1 cent

>>28608146
Unpopular opinion, but RBC is just another exchange (token)
Market to get in is hard as fuck right now and imo the P2P trading is not user friendly at all.
Don't have either coins btw

>>28606038
Bros pls

>>28607338
>>28607435
Rollan

I truly never know wtf I'm doing, but you guys steered me right on Hedera and Graph so I'm in for 1K on this.
I'm a poorfag, so having 22.8K tied up in crypto is a lot for me. But I have no debt so worst case, I just keep being a wagie.

>>28607762
>>28607762
>>28607762
pls respond

>>28607762
>>28608765
Nah you gotta lease it thru the mainnet wallet. Directions should be in the OP

>>28604229
Fuck you nigger. 27k being leased right now on biz node.

>>28609287
Nice

>>28608966
Thanks but nothing in the OP, maybe you are confusing with a LTO general thread if there is one. How many is worth leasing? 1k?

>>28609370
---WATCH---

>LTO in 1.5min:
https://www.youtube.com/watch?v=Obj9GhhgE8M [Embed]
>3 min:
https://www.youtube.com/watch?v=F4B5w0j4IQQ&feature=emb_logo [Embed]
>30min:
https://www.youtube.com/watch?v=zMa4HwgoeMI [Embed]

---READ---

>GENERAL PROFILE:
https://upblock.io/research/LTO%20Network
>LITE PAPER
https://ltonetwork.com/documents/LTO%20Network%20-%20Token%20Economy.pdf
>WHITE PAPER:
https://ltonetwork.com/documents/LTO%20Network%20-%20Technical%20Paper.pdf
>/BIZ/ PASTEBIN:
https://pastebin.com/D5ETj3Ks
>TOKENOMICS FAQ:
https://blog.ltonetwork.com/faq-why-arent-lto-transactions-pegged-to-the-euro/
>ARTICLE: "An Obj. Look at LTO"
https://blog.goodaudience.com/an-objective-look-at-lto-networks-token-demand-8ce15e658c2b?gi=eb25d30c38d1
>ARTICLE: "LPoI":
https://medium.com/@malexaffey/leased-proof-of-importance-separating-the-real-from-the-fake-bbf047a75f9a
>ARTICLE: "LTO's Valuation"
https://redphoenix7even.medium.com/this-is-not-a-comparison-of-which-network-is-better-or-worse-bcd04826ab7e

---TOOLS---

>STAKING WALLET:
https://wallet.lto.network/
>/BIZ/ NODE
https://xeno.finance
>LTO STATS:
https://lto.tools/
>CALC:
https://www.stakingrewards.com/earn/lto-network/calculate
>CALC 2
https://ltonode.com/roi-calculator/

>>28608585
based, gotta take risks to make money. I only just figured this out and am up $11,000 in two weeks. That's like 6 months of hard saving for me -it's crazy.

Looking to dump 10k into this. Can someone give me a TL;DR why this is a better investment than some other coin like LINK or COSMOS?

>>28609366
Checked fren

>>28609734
Link is a good investment. LTO is just undervalued, low mcap and has a promising future.

If you want safer gains, get Link - it will go up steadily. If you think LTO will moon soon / grow like 10x in the medium term, get LTO. Or, get both to diversify.

>>28609734

The price and the current use cases.

https://www.ltonetwork.com/use-cases/

>>28610008
Thanks anon. My intuition tells me LTO is going to explode because of the low market cap. Going to go all in

Stupid question but isnt LTO similar to TRAC?

How to see how many transactions per day for every project? how do you know it's top 10

Alright I’m sold, now just to decide whether to wait for the dip

burger here, is the token address for LTO on uniswap legit? if not where to buy/swap it

4k stacklet here. RIce & Beans secured for eternity.

>>28603397
>>28603397
ty biz node for 40 free el tios i have leased them instantly

>>28610461
There wont be a dip, unless like 1-2% is a dip. The only real dip was a couple hours ago when the BTC autism dump happened.

LTO is growing faster than all of the shitcoins I gambled on to make enough cash for a make it stack and now I'm stuck with just 5k LTO unless I get lucky with a shitcoin soon. Once LTO hits $1 I'm basically priced out though. So please invent some proper fud for this and spam it.

>>28610746
Unfuddable I'm afraid. Just hope that Bitcoin crashes and we go down momentarily with it.

>>28610746
No FUD here sir. I have a lot invested in this.

So what exactly is gonna make this pop off? Just regular growth or some specific event?

>>28610945
Both. You can't predict when.

Coins moons randomly. Sometimes it's big news, other times it just kinda happens. They also grow fast and low mcaps just because we're ina bull run and people are acoomulating.

the potential for astronomical gains is there. Think of all of the shit coins with no proper working product that are pumped to stupid valuations. Then take the fact that this is already a real world use coin generating real money from paying clients. Compare that to other coins with similar txs but are not even close to generating the returns that this coin generates, then you get a price of $4 to $7, but wait!. Those other coins in that price range that don't really deserve those spots can be also be argued that it is because markets are forward looking, so the market cap can be argued by its future success. So that brings us back to LTO, where we can argues that based on its current success it should be around 4 to 7, but if markets are forward looking then based on its future potential success it can be multiples higher, lets say $10 to $20, and that's just with that they can accomplish in 1 year with more txs, more business' adopting it and scaling it higher (box.com), and integrating new features like DiD, and M&A. DYOR, but i came to this conclusion when it was around .14 cents and the fundamentals have just gotten better

>>28610945
More and more people will do the math

What are you?

>>28610905

I'll double down with gusto at that moment

>>28611520
Fuck off with these shitty ranks. This is not some pajeet pump and dump shit. Aside from that, the ranks aren't even remotely related to LTO. Keep this shit for Reef or something

>>28611325
Bigger fish hoping to be a seal by next week.

>>28611520
whales and dragons are 99% biz

>>28611977
>People on /biz/ have $500K of LTO

How does one get so much money?

>>28610945
reddit ama on monday on alt street bets. Should see some growth are redditors flood in

>>28612115
trading up after years and going all in instead of gay pussy "diversity"

>>28605610
Reported.

Still waiting on the michael burry/riddler gif.

>>28612354
>Diversify bad.

Having 2-3 coins is good retard, assuming you're playing with like $15-$20K

>>28611520
Pure shit ranking. When you know that lto is deflationnary and 10k lto is becoming a good bag.

>>28610587
its legit. I'm not sure if you can purchase LTO on any other exchange other than uniswap

>>28612683
Huobi has it

>>28612793
Good to know thanks for the heads up anon

>>28612683
I did uniswap as well with metamask to accumulate my stack. Its legit. When you go to lease your shit on lto wallet, you use the bridge interface to switch your tokens from b2b or erc20 to main net. Im a crayon eater and figured it out still.

>>28603397
you could say the same thing for Fantom. but usability is not = = price up

>>28612683
Bought it all on Binance desu, fuck gas fees

>>28611520
> Make it stack and being top 350 wallet makes you a seal

Hmm, doesn't seem right.

>>28613090
>binance
must not be from the us or using a vpn?

>>28605168
How does it help legacy systems? In what regard?

I have 920 LTO
Is it worth staking?
Or do I just hold?

>>28613537
I mean why wouldn't you stake it, it's free money.

If you're planning on long term holding that is.

>>28612793

Binance has it

>>28613750
isnt there a fee to start staking?

>>28613750
Does the reward for staking increase as the price of the token increases? According to the calc I could receive around 350usd per year, which is hardly worth the trouble.

>>28613993
like 1 LTO, very small fee and definitely worth it even for the short term

>>28612445
diverifying is cringe and for pussies like you
all in or nothing fag.

>>28614039
Right now LTO is on the Leased-PoS system, so pic releated is how APY is calculated. The primary variables are network traffic and amount of LTO that is being staked. Ultimately however LTO plans to transition to Leased-Proof-of-Importance, in which case APY for passive stakers will fall (but by then the price will probably be double digits.)

>>28614303
Am I the only one to think that fees are a bit steep? received a little above 5 coins today, but the fees were like 11 coins. Still nice to get some free LTOs but yeah.

>>28612445
>>28614253
I'm something of a diversifier myself
:^)

>>28614303
Man, we really need to prioritize getting a few more retail traders to open their own node.

Changes to this shit requires a vote by node owners so at least we would have a bit more of a say before business takes over.

Don't get me wrong leased proof of importance will eventually be good as it'll drive the price of the token up as businesses get more rewards for using the network but I hope it's not mega early

so how do i send lto tokens from metamask to my lto wallet?

>>28614470
Apparently the companies currently using LTO have stated that, for their purposes, they would pay up to a $1.00 fiat per transaction. Right now the fee is $0.14. That means we probably don't have to worry about the network getting too expensive until LTO is about $2.80... But also, consider this: major partners who use the network are incentivized to run their own nodes and stake their own LTO...doing so allows them to effectively use the system for free...read pic related. DYOR on this, anon. Trust me this isn't a pajeet p&d LTO is a serious platform with seriously solid economic foundations.

>>28614470
the node operator pays the fees for reward distribution, so sit comfy

>>28614738
nvm figured it out

>>28614576
We don't need more nodes because we have /ournode/...

>>28614576
Biz needs a 2nd node, newbies lease to it and we send our apy coins to it. Wont be long before a sui stack is out of reach for most anons never mind a make it stack.

just started leasing 1300 to the biz node. thanks for the tips frens.

>>28604685
You don't need 100k to start a node, the minimum is 1k. 100k is just the recommended minimum, because any lower and the staking rewards will be less than the cost of the server that the node runs. But with the recent increase in value, the breakeven amount might be less

>>28605667
Everything has 2xed this past week amigo

>>28606038
It costs 5 to withdraw from Binance, 1 to start a lease, 1 to end a lease, and 1 to send back to Binance. So that's 8 LTO in fees.

300 LTO will get you 21 in 1 year I'm staking rewards, if the return stays around 7%

>>28605667
Don't look at it from that perspective. This isn't a trade. This is a value opportunity from a fundamentals perspective. My belief is that the intrinsic value of LTO right now should be closer to $1bil mk cap. We're still barely past $100mil mk cap.

>>28610252
I'm not quite familiar with TRAC, but LTO integrates with current B2B systems, so on the business they don't have to re-learn new software.

Their main use-case is to anchor the hash of final B2B workflows, so both companies can trust that the other wont be able to forge the document (because otherwise, the hash won't match)

Averaging just over 100k transactions daily from real businesses using this process...and growing.

Box just bought SignRequest, one of the biggest clients on LTO. They spend about 150k LTO per month anchoring their signed documents to the network. Now imagine when Box offers this service to all of their clients...

>>28614800
Ahhh, so the fees are not LTOs that where due to be paid to me but were witheld. I get it now, extra comfy. Thanks Anon

Wagmi
never selling

>>28615970
pic related from the "LTO in 3 min" video (ctl+f to find link here) says it all...an old boomer tier Windows XP system connecting to a public universal ledger system in order to share information in a GDPR compliant way...for those of us who work in large, bureaucracy institutions the appeal of this cannot be ignored.

3700 stack here

got my 1st LTO from leasing to xeno this week

if this shit 20x it's half a year of my salary lol

protip: QLC and OPCT are good for diversifying

This or INJ?

>>28617208
Just started leasing my stack. Can't wait for my first reward. Comfy as fuck.

Hope the id thing will be huge

>>28617859
Do the math.

>>28618533
Checked.
>decentralized derivatives and stocks
>blockchain email
I guess it was a stupid question, INJ it is.

>>28618703
You didnt do the math.

>>28618976
>the year is 2027
>exponential network growth finally levels off for LTO
>all major partners and integraters run their own nodes
>they have bought up 85% of the LTO supply and use the network on a "Net-Zero" basis -- shareholders comfy
>their initial capital investment in their staked LTO sits on their Balance Sheets and has even appreciated in value -- shareholders comfy
>85% of staked LTO is therefore permanent removed from circulating supply
>only 15% of LTO supply is owned by passive-stakers who don't actually use the network
>this LTO is the primary source of supply for clients who want to expand their usage of the network, or for onboarding new clients
>be /biz/ node in 2021
>have done the math
>know what the end game is
>already own 10% of staked supply
>already own 5% of circulating supply
>diamond hands

>>28608529
kek

>>28609287
Brainlet here, what's the pro to leasing on biz's node? I have 18k leased on they original node i started with 2 years ago and 2k on biz's node

>>28619759
Vitik sounds based.

Can someone aware me on the burry thing?

>>28619769
99% payout. Based af admin. Plus, its /ournode/...

>>28620223
Lol so def worth to cancel my original lease and move to xeno. Alright anon, thank you. Another 18k incoming to xeno

>>28620323
Slightly higher apy too from my understanding. Almost 7%

>>28620323
Xeno currently controls 9.8% of the circulating supply of LTO... welcome to the oligarchy

>>28620858
*staked supply, I should have said

>>28620177
He did the math on the US housing market. Riddler did the math on LTO.

>>28608529
roll

El Tio has been defeated!

bump

Im all in on LTO and XLM. We gonna make it!