/biz/ - Business & Finance

>>27424821
>>27702946
>>27837476
>>28003739
>>28093735
>>28382591
>>28425111
>>28512406
>>28559377

>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.

Resident schizo "riddler" thread:
>>/biz/thread/S27154819

>>28653825
thanks just sold 100k

>>28653825

>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
>Pic related is OP, working as a freelance to shill LTO
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 and do not even waste your time researching it. Do not listen to the paid shills ITT unless you want to end up broke.

>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

>>28653908

Can't withdraw funds from binance for another week ... Should I just eat the gas fees on uniswap before Monday?

>>28654128
How the US can buy LTO without being raped by uniswap fees:

This assumes you have created an LTO Wallet (https://wallet.lto.network/)) and downloaded Trust Wallet for iOS/Android:

1. Get some BNB coins from Binance.us
2. Open Trust Wallet, tap on BNB, tap on Receive, copy the wallet address
3. Go back to Binance.us and click on your BNB. Tap on Withdraw, specify the amount you want to send, hit Preview Withdrawal. Paste in your Trust Wallet address and leave MEMO blank, yes you are sure you don’t need a memo, then hit Withdraw.
4. Wait for the BNB to appear in Trust Wallet
5. Tap Dex at the bottom of Trust Wallet
6. Select BNB for “You Pay” and LTO for “You Get” and swap. You will see that the fee is minuscule!

If you want to lease them and earn more LTO...
7. Now that you have LTO in Trust Wallet, log in to LTO Wallet and click Bridge from the Menu, then Let’s Get Started, then make sure to select LTO (BEP2) to LTO (MAINNET), Next, Next, copy the address generated.
8. Go back to Trust Wallet and Withdraw your LTO to the wallet address you just copied. You are done!
9. Once they arrive, don’t forget to stake them!

>>28653825
>>28653908
>Brown poopoo ID
>stale fud
Cmon nigger come up with somethin new

Lads what is the first wallet on the wallet list? 168 million lto??? I know the 81 million is M&A fund and 51M is binance, but who the fuck has 168 mill? Am i retarded?

>>28653758
I think these threads have been getting less action because we've all done the math, realize the price is based on adoption instead of hype, and are just sitting back mega-comfy with weekly dividend payments

>>28655005
Bogdanov

>>28655040
Aren't most coins based on adoption?

>>28655040
Basically this. With the new spokesguy and the adoption they are achieving, people will fomo in eventually. Until then, we just sit back and enjoy our passive income.

>>28655005
Stop asking questions or I will dump it.

>>28655005
eth to mainnet bridge wallet.

>>28655205
no lol, 90% of coins have 0 adoption and just run on promises and hype.

>>28655205
The important thing is the tokenomics model. With their system of Leased Proof of Importance, it incentivizes companies to buy as many tokens as they need to process transactions (with tx's costing a certain amount of a token) because it will maximize their dividends (which are paid from tx fees), making the service essentially free. If the token price goes up, the amount of tokens charged per tx goes down, so they sell their tokens, stabilizing the price, and vice versa. So the whole faith in the price going up is the projects that are adopting the token, which are extremely promising, so promising in fact that the token is severely undervalued in relation to how many actual paid transactions it's processing (top ten of all crypto, top 180 of market cap). Speculation is only a tiny portion of the price, and passive speculators are only really here to provide liquidity and decentralization for the security of the network through our nodes while the early adoption phase takes place. Eventually the tokens will all be owned by businesses, at which point us who bought early will have either bought so much that we can still live off of dividends with not much of an opportunity cost or we cashed out and made at least a 100x anyway.

bump

>>28656601
Got a bag, thanks. How do I stake it?

>>28657973
>https://xeno.finance

>>28653858
I trust this man with my life.

>>28658086

>>28655205
99% of coins are vapor ware, ada and iota for example.

>>28653758
I am feeling so comfy bros, just bought this tiny dip.

WAGMI

>>28659010
I'm waiting for a big dip to swap the rest of my portfolio to LTO.

El Tio will rise.

>>28659226
If we ever had 20 cents again I could actually accumulate a based plantation stack...but I doubt that'll happen absent a catastrophic market crash.

>>28659803
How large is plantation stack?

>>28659993
100k

bump

midnight bump

>>28659803
200k feudal lord stack is the dream but I'm already maxed out

25k leased to xeno. wagmi frens

How far is this dump run gonna take us boys? I have a lot of faith in LTO, gonna make my first margin buy on it but want to make sure I get the bottom of the dump

>>28662367
Xeno has 5% of the circulating supply staked and 10% of the staked supply...that's actually based af

we going 1$ EOW

>>28662600
Looking at the daily 29 cents seems like a point of resistance. Hard to imagine going to 20. If we ever got the opportunity I'm backing up a truck and doubling my position.

>>28654367
>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.

>>28653758
Easiest 20x we’re ever gonna make boys

>>28662756
I'll put in a buy order for 27 cents, thanks anon

>>28653758
>Bangin trannies ain’t gay

-Cees Van Dam

>>28655386
>shit on it

>>28662636
I'm thinking based

What's your realistic EOM prediction El Tio bros?

>>28664363
$3.66 ($1 bil mk cap). But that's my conservative estimate. My "El Tio wills it" estimate is $6.66 ($2.5 bil mk cap).

>>28654128
>>28654162
stop posting this shit. The other anon was right, uniswap fees are better, BNB to trustwallet is a scam and you get SIGNIFICANT less LTO than paying the ridiculous gas fee on uni

>>28653825
>uses FUD used for other coin
Make something original before fudding mr. pooja

>>28664503
Ah okay will do. I wouldn't know because I can use Binance np.

>>28664575
no worries fren, i know your intentions were good. Just don't want other fellow burgerbros to get less and feel like they got scammed LTO. Hopefully we can continue to spread this whenever someone posts the BNB trust wallet thing and help each other out.

>>28664498
>That would take me from low 5 figs to roughly $400K

I want to believe.

Just doubling in price would be exciting for me.

>>28664706

bump