/biz/ - Business & Finance

Go on...

>>29891124
LTO Network is a hybrid blockchain with two layers that operate independently. The private chain facilitates automated live contracts between private networks; the public layer is optimized for "anchoring" and sharing information on an immuateable decentralized ledger.


---SUMMARY---


USE CASE:
>scaleable inter-agency data sharing consortiums


FUNDAMENTALS:
>~100k Tx/day (rising)
>99.9% Tx's from actual usage
>used by United Nations (land registry in Afganistan)
>used by Dutch gov
>GDPR compliant


TOKENOMICS:
>50% circ. supply already staked
>deflationary: 0.1 LTO burn/Tx
>unique "LPoI" network economics incentivizes clients to buy, stake LTO
>100% of staking dividends derived from network fees


---WATCH---

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


---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/

>>29891124
https://www.youtube.com/watch?v=Krs9WvkbgrY&feature=emb_title - Horizen + LTO Network Partnership AMA
from 2 days ago

Still accumulating. Wagmi, LTO bros.

>>29891269
The dips have been a blessing after reaching 40c all time high a week ago.

>>29891058
Ok now show me how to buy it from America

>>29891539
https://app.uniswap.org/#/swap?inputCurrency=0x3db6ba6ab6f95efed1a6e794cad492faaabf294d

buy ETH from any exchange ( Coinbase, Kraken), create a Metamask wallet, download metamask extension for your browser, send Eth to Metamask wallet, go to link above swap Eth for LTO.

>>29891690
Sounds great thanks anon. When’s it go to the moon?

forget about this low shit
no need to go for this scam
>you shouldn’t be topbrain to understand how to get money on staking
check Justliquidity on binance smart chain
>no reason to pay 45% of your wallet on fees and taxes

>>29891748
New to coins having government backing and usefulness sounds appealing though

>>29891058
Why is there so much fud on this coin then?
Teams of pajeets pumping it and a pathological psychotic ceo...?
And apparently even insiders dumping it...

>>29891725
Finish the math and you get a rough estimate, 3 months either way.

>>29891690
It's on Binance too isn't it?

>>29891725

Welcome aboard, moon mission sometime this year, it reached all time high a week ago but has dipped along with everything else in the market.

>>29891748
>>29891784
I think he's referring to uniswap being an eth gas eater " scam " You can use Binance to buy LTO with almost no fees.

>>29891846
yes

>>29891846
Yes, but not Binance US

>>29891787
They also use the network for human trafficking, dude, trust me

>>29891787
This coin's only real fud is that it's not a " DeFi" coin so there's less interest to invest in it currently.

>>29891748
nevermind I realized this is some random bot shilling its coin justliquidity, like that ocean-bot that has similar replies in a lot of threads " fuck your shit scam coin here's why you should invest in this" these bots needs to get banned from here.

I like LTO, hold a stack. But it is barely surviving the bull market right now. Shit performer, hopeful long term still

>>29892317

Anon, it hit 40c a week ago and these are its current ROI stats

>>29892317
sure it did't 60x like Fantom or Rubic did this year I feel your disappointment but it's still doing pretty good

Again the worst thing you can say about this coin is that it's not a DeFi project and this current bullrun is all about DeFi.

>>29892507
oh agree, it seems it had bad timing with the breakout above $0.4 coinciding with the market correction. I am comfy on it as a long term hold. I generally like to get into stuff with real world adoption and use, doesn't guarantee it does anything long term, but i am happier holding it than the foodswap tokens etc (though i still use those in the short run)

>>29892696

DeFi food meme tokens perform so well you'd be crazy not to get in on that train. I think the play is make a pretty penny DeFi and at the start of the bear market dump it all into LTO. That's what I'm doing at least.

>>29893031
Yep, agreed. Have a few long term holds, this is one of them. Meanwhile I am stacking cake as it continues to tumble down in price haha

>>29891819
I finished the math and im now all in on LTO and still filling my bags. The anon who said its the BTC of the B2B world got me thinking so i carried on doing math and holy shit they were right. Its all about available supply Transactions and apy and deflation. Imagine if you could lease BTC and the majority of leases were held by companies who were more than covering their cost of doing business from their apy gains, sell pressure would always be small Vs buy pressure from companies who can add LTO to their balance sheet and retail buyers who see LTO as the BTC of the business world, this is the narrative change riddler told us about. biz needs to do more math!

What your guys opinion on NEXT Coin? Earn NEXT by staking or by providing liquidity to Uniswap. NEXT will be available on Uniswap with many pairs, they will pair NEXT with ETH, wBTC, USDT and USDC. Join them on Telegram @nextchain

>>29893241
I've got $15k to invest in some new cryptos, shill me on this math and LTO pls

>>29893340
yeah also interested in this. I hold it already because i am a smooth brain. but would like more wrinkles

>>29893241
>>29893340
>>29893461

I'm still trying to wrap my head around the math bit as a holder myself but here's picrelated to start you up

>>29891690
boy I love gas prices

>>29893779
ethereum is a piece of shit innit

>>29893634
I think i understand, but can you dumb it down for me please?

https://blocktelegraph.io/un-accepts-blockchain-companies-one-planet-network/

Wow a bunch of useless partnerships. Ambrosus partnered with the UN in 2019 and they are dead coin. Added to the list of other dead coins including Devery, Walton chain, ShipChain.
I'm seeing no real adoption from the team and their Blockchain isn't even being used by companies.

>>29891539
hotbit has lots of little shitcoins and is available in the us. idk why i never see anything about hotbit on /biz/. is my REEF going to get stolen? (I mean besides by Penis)

>>29894056
Here comes big brain

>>29891058
At least you actually put some effort into this shill post. You have my attention sir, please continue

>>29894029
>>29894624

Ok listen up boys this is what my smol brain has grasped so far, in the beginning big boy partners integrate their businesses with LTO Network by setting up Nodes, then clients – actors who are using the network and paying transaction fees, those transaction fees are a financial incentive towards Nodes, Stakers and the leasers, stakers and leasers are actors that will stake their coins (potentially through a lease) and run a node to validate transactions. The transaction fee is fixed for the time being but will be adjusted as to be lowered as the price of LTO goes up

>https://ltonetwork.com/documents/LTO%20Network%20-%20Token%20Economy.pdf

it's some big brain stuff

>>29894056
>Ambrosus partnered with UN and they didn't deliver, therefore LTO won't either
What fallacy is this

>I'm seeing no real adoption from the team and their Blockchain isn't even being used by companies
But it literally is? Next you'll say they're faking a ~100k txs daily just to make it seem like it is being used

Weak FUD, stick to calling the CEO a coomer or something

>>29894765

The 4 users of the network can be described as follows:
- Strong passive stakers have a large percentage of overall stake in the platform,
yet do not generate transactions. They run a node to validate transactions, and in
turn receive transaction rewards.
- Passive stakers are smaller (individual) actors holding tokens with the aim to sell
for a higher price in the future, staking their smaller percentages to support the
network.
- Passive clients run transactions and use the platform for its services without
actually having a stake in the network. Note that if transaction fees become relatively large, these clients will incur significant running costs for using the platform.
- Joint Business Builders are clients that are actively participating and having a
stake in the network.

>>29895037

If you're into tokenomics you will love this, LTO has one of the best. If I made any mistakes explaining this >>29894765 please correct me.

>>29894792
wow people are transferring their LTO between the exchanges and wallets. True adoption would be companies actually using the LTO network to transfer data which I am not seeing, it is all talk and no show.
Right now any coin is a winner in a bullrun but if it can survive the bear market than the fundamentals of the project are sound.

>>29895946
Thanks for the bump. The fact that the LTO Network is being adopted is evident from the daily increase in transactions on the blockchain .

LTO Network is specifically designed, having in mind large multinational corporations that deal with various business processes that have to be automated. These include corporations dealing with supply chain management, shipping, construction, etc. They are also for cross corporations and internal use.

Currently, available products are:

FillTheDoc enables you to automate documents in any system and provides contract automation for professionals. It streamlines data from various sources into one or more documents and is for handling external data as well as generating forms and scripted templates. LTO Network will secure all the data by anchoring it on to the public chain.

Proofi is the application for digital signatures and provides unique digital signatures identifying yourself in online communications and preventing online fraud. Proofi will be integrated with other platforms and social media tools built on open standards with privacy and GDPR compliance by design.

LetsFlow is a workflow engine for running processes on the blockchain. Similar to the Zapier application, it aims to bring integrations to the blockchain world and is envisioned as a platform for building centralized and decentralized workflows.

VIDT Validation Service is a service that detects any unlawful manipulation of any digital file. In order to make files verifiable, they must be validated. V-ID’s validation process involves extracting the fingerprints of files and saving them in the blockchain. If a file is changed with just one byte, pixel, character or anything else, the fingerprint is changed and V-ID will detect it 100%.


good try tho

>>29891058
Lto bros need to find trac real quick before the sfc migration fills

https://origintrailexplained.info/

Lto is the iq test

>>29896219
we'll see where this shitcoin ends up in 3 years time

HOURLY REMINDER NOT TO INVEST IN UN BACKED COIN
>b-but muh UN partnership
Partnership with UN is actually bearish af. They'll waste investor money to Afghanistan government, one of the most corrupt and worst country in the world. Partnership with UN is death flag for many crypto project.
Example of another scam project that partner with UN:
>Devery
https://medium.com/devery-io/devery-united-nations-world-food-programme-use-blockchain-to-ensure-the-safe-delivery-of-food-to-acd6a5037123
Devery team exitscammed months after that partnership
>HST
https://medium.com/horizonstate/united-nations-igo-joins-forces-with-horizon-state-to-accelerate-sdg-innovation-38bd9f8f54d0
Horizon State token exitscammed months later and have ceased operations
>Ambrosus
https://irishtechnews.ie/ambrosus-joins-united-nations-sponsored-one-planet-network-and-establishes-partnerships-with-blendhub-and-flatev/
Bizonacci killed himself after Ambrosus revealed as scam
>LTO
Soon will follow AMB footsteps

>>29892097
It's going to enable enterprises / traditional finance to enter defi space, through the verifiable credentials and decentralized ids.
More money to be made this way, at least imo

>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.
>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.

>Rick made a short livestream after the pornstar incident and admitted he's had trouble keeping his porn addiction under control and has been spending his days jerking off to Brenna Sparks lately. (he was clearly drunk and high during the livestream)
>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
>They recently hired a XVG twitter shill to be their spokesperson and marketing advisor
>They dumped 500k LTO on Binance a few days ago and were caught red-handed
>Recently CEO organized a fake AMA on obscure crypto subreddit to pump their bags
>In the said reddit AMA CEO admitted their project at Afghanistan is going nowhere and likely to be cancelled
>Someone on their subreddit did some research and found out that LTO has furloughed nearly all their employee

If you want to invest in real world use case coin avoid scam like LTO and look at legit project like aleph.im (partnership with ubisoft) and TRAC origintrail (endorsed by WEF) instead.

>>29896821
If this is true about Defi holy fucking shit, we actually going to fucking make it, all the FUDDERS can eat my fat hairy asshole

The 120k per day transactions are all on LTOs mainnet chain.
99% of those are anchoring type, soon we will see new ones such as claims, and the identities added.
Those transactions have nice fees, from which 0.25LTO goes to stakers and 0.1 burns.
The success of the network directly flows into holders benefits
I love LTO

>>29896917
>aleph.im
>TRAC

so go make your own generals then jesus christ you've become an insufferable fud poster zero links to your claims nada fuck off.

The fudding autist has a fitting brown pajeet id
I got the purple LTO comfy id

>>29891058
I met Big Dick Rick (BDR) last week in Amsterdam.
He offered me 5000 LTO if I sucked his dick.
I'm male btw.

>>29897130
Imagine choosing a coin partnered with fucking pozzed ubisoft as if that means anything
Over pic rel

>>29896975
In addition to that, consider also how much businesses and governments can save by no longer needing to print everything or have people spend man-hours checking every step of specific processes. Faster and cheaper doing business while being compliant.

https://www.ltonetwork.com/use-cases/waste-transport-on-blockchain/

Comfy

It baffles me how people really believe there's ~120k daily transactions on the main net. Do you even realize how much that is? If they register 3.5m land parcels in Afghanistan and 10% of them change owners yearly that's only 1k daily transaction.
Maybe if 95% of those 100k+ daily transactions didn't come from shady dutch companies owned by Rick, it'd help me believe they are legit...
They promised us companies would use their own node soon™ (it was a month ago) instead of going through LegalThings but there's still not a single independant company having its own node.

>>29891332
I bought so much at the god damn high and I've only been able to buy a little more during the dips. Feels pretty bad.

>>29896975
"This will allows Dapps (defi apps too) to ensure full compliance with KYC and anti money laundering regulations."

You already have kyc systems on exchanges and banks but they're slow, wasting a lot of time and money. LTO wants to make it a one click on chain solution. It's necessary for businesses so they can adopt blockchain tech, which could be the next internet, without entering into gray zones when it comes to tax.

CEO Rick goes into detail about this in this spotify podcast, if anyone's interested, I recommend it

https://open.spotify.com/episode/58JNBEj9HeMbH4NYUm2eJ4?si=n5vwdBRvRlWE8XEN2e2T4Q&utm_source=native-share-menu

>>29897347
>Maybe if 95% of those 100k+ daily transactions didn't come from shady dutch companies owned by Rick, it'd help me believe they are legit...
LegalThings got sold to Kate Innovations, run by a billionaire.
Why can't you do any research, why are you so clueless?
it's insulting
Every transaction has a fucking fee that gets paid out to you when you stake, and you think they're handing out money for free like that?
Fuck your so dumb

https://blog.ltonetwork.com/kate-innovations-acquires-legalthings-b-v-from-firm24/

>>29891058
The good old "utility token" that will save the bear market... Hahahaha

>>29897347
>120k daily transactions
that fattens the pockets of Stakers and Leasers.

Also, >>29896219

>>29897347
You're just impatient, and about what?
Corporate boomers setting up nodes?

>>29897209
kek you want to talk about partnerships

Guys, I am almost done doing the math on this

>>29898248
I'm sorry to hear you got rugpulled by Ambrosus anon.

>>29897347
This. Everyone should read this.

>>29898773
You should have at least 3 projections once you have finished the math Date, price, TX lvl, APY, Deflation%, post shakeout available supply not held by clients and integrators ie exchange supply.

>>29899540
to be honest your typical midwit retail holders doesn't give a rats ass how 120K+ daily transactions have been achieved it fattens their pockets. Those who do a little bit more research know that those daily transactions come from businesses anchoring data on the public chain.

>>29893634
Caveman explanation pls. Grog not get wot big words say

>>29900529

dang idk how simpler I can go from this >>29894765
>>29895037

number go up

>>29900892
So if Grog buy rock, Grog can sell rock for more later?

>>29900976

>>29897347
NIGGER AFGHANISTAN HASN'T EVEN STARTED, IT STARTS NEXT WEEK, LTO IS GOING TO MELT YOUR FACE SOON, FAGGOT

BTW 45,505,544.546 is what's left in Binance node, was 50M last week. At this rate we have 2.5 months.

>>29899682
How do you estimate price? I know it's must have to do with number of txns and the amount of LTO not staked but I'm stumped other than that.

>>29900529
Grug buy rock, grug gives rock to other grug to help rock market, then other grug use rock and give grug his rock back and another rock. Now grug has more rock.

>>29891725
Binance has 45.5 million tokens left, it had 50 million last week. This >>29891819 is probably right.

Noone has cancelled a lease on biz node yet.

>>29902348
>NEXT WEEK
>NEXT WEEK
>NEXT WEEK
>NEXT WEEK
It's always next week with you, glad I sold everything 3 days ago

>PIECE OF SHIT
PIECE OF SHIT
>PIECE OF SHIT
PIECE OF SHIT
>PIECE OF SHIT
PIECE OF SHIT
>PIECE OF SHIT
PIECE OF SHIT
>PIECE OF SHIT
PIECE OF SHIT
>PIECE OF SHIT
PIECE OF SHIT
>PIECE OF SHIT
PIECE OF SHIT
>PIECE OF SHIT
PIECE OF SHIT
>PIECE OF SHIT

>>29903513
It is literally next week, retard. GoLandRegistry just launched this week.

https://twitter.com/cryptocees/status/1365604829775675396
>I love Africa
Are niggers gonna get added to our plantation?

>>29903481
/biz/node has gone from nothing to the second biggest node in a month. Are we just really early for once, or is this plebbit trolling us?

>>29904038
Rick said half of africa is contacting them for LTO

>>29904160
>>29904038
>niggers make txs paying for fees for staking rewards
Staking LTO will be modern day slavery.

>>29904130
We are early, also others outside of biz have leased there too since it has the lowest fee.

>>29904130
why do you care if the node is up on the le epic leaderboard?

>>29902785
Grug understand. But how Grug give rock to other Grug? And how other Grug make more rock with Grug's rock?

>>29904492
https://wallet.lto.network/
Make rock bag here, move rock to bag, go to "lease", select Xeno rock node and lease all rock.

>>29904492
Xeno is biz rock node and it is the least greedy of all rock nodes. You will get more new rock every saturday and it will look like cave painting related.

>>29904852
>>29904915
You are good at make Grug learning. Grug will buy these rocks and give to Xeno to make more rock

>>29904982
Based Grug will have many rock, make long nose tribe angry.

>>29903513
Selling the bottom
Amazing
Let us know your future trades so we can inverse them please

>>29903194
Can you explain please? I hold 33k lto with long term expectations but what does binances node have to do with this...
>im a brainlet

>>29904130
Have my 33k lto stakes on biznode. Feels good mane.

>>29906017
At what point do the herd decide there isnt very many available LTO to buy on exchanges? Its called the tipping point.

Listen up tards: Every client using LTO will need to replenish their supply from the market. In February, clients paid 928k LTO in fees. With an ATH in daily transactions hit last week, at 125k. And those tx fees are part burned, and the rest is returned to stakers.

And stakers AREN'T SELLING, even through this dip. The staked amount is at the ATH 137.6mil, over half of the circulating supply. And the amount on Binance is under 45.5mil, down from over 60mil in January.

Not only will current clients need to re-up, new clients will need to acquire some too. The team is aiming for a 25% MoM growth in transactions, and some of the largest projects yet (UN, KATE, shrimp, and potentially Box) haven't even started their new transactions.

Again, almost 1 million LTO was spent this month by CURRENT clients, all of which will need to be replenished when their wallet runs low.

The supply squeeze is coming. Its inevitable. You will regret this if you don't get in while you still can

>>29906017
Supply running dry from exchanges,
Will be reflected in a nice poompa

>>29891058
how much for a suicide stack

>>29907010
Sinking my next paycheck into it soon, will DCA until we pump.

>>29907573
10k sui 50k make it

>>29907010
All time high in transactions on the blockchain and all time high in token price 8 days ago, something big stirring up you feel it anons

just updated my shitty excel graph
this rate is pretty fast ngl

>>29908357
That looks very comfy anon

>>29908357
based

Ok, I'm doing this post for double digits negative IQ biz fags.

1. Binance wallet is shrinking day by day
2. 51% of the supply is already staked
3. When you do the math, binance wallet will be empty in like 2,5 or 3 months
4. The supply available on the exchanges will be very TINY at this time

Just with this informations, when you get it with LTO price will increase mechanically. No discussions about it, just deal with it.

Bonus :

LTO event not yet reached US exchanges. The roadmap saying that the partnerships with Chainlink is planned for Q3. Yes, its perfectly aligned with the dry of binance wallet.

Now we have an outstanding combo who is possible for Q3 :
- Link partnerships
- Binance wallet empty ( so an extremely buy pressure) for the coin
- Potential listing on US exchanges
- More clients incoming ( so Tx increasing)

Moreover, we were talking here about the suicide stack. Yes, its reducing day by day. We talked about 10K LTO.
With binance wallet only 800 fags can still have a MIS ( make it stack) of 55K LTO; for the SS ( suicide stack) 8 800 fags can still buy 5K LTO (IMO my SS for LTO right now)

Dont buying LTO today is just the most stupid thing on earth. When you know that all the business model is based on turbo demand VS supply.

Just do the math and DYOR.

>>29908533
>>29909395
Thanks. Just added some grid lines

>>29909624
disregard this, the dates are missing

$80 LTO will happen, 20bn mcap is inevitable.

>>29909459
Where will upcoming exchanges get their LTO from?

>>29910135
The team has some locked up tokens they can give for this purpose potentially
Some smaller exchanges like coinspot in Australia have bought from binance themselves afaik

>>29910135
They are buying right now.

Grug buy 2000 rocks. Grug will buy another 2000 rocks when sun go up and down 5 more times. Grug hope he have Japanese waifu come to live in Grug's cave soon.

>>29911181
AKA the 6k bot.

>>29910128
Price will be far higher post shakeout phase.

>>29911726
Based and comfy.

>>29912443
Thats years away, but it means we have a lot of gains to go through
We're early, wagmi