2022-05-12: Ghost posting is now globally disabled. 2022: Due to resource constraints, /g/ and /tg/ will no longer be archived or available. Other archivers continue to archive these boards.Become a Patron!
LTO Network is a hybrid decentralized ledger for securing, verifying, and exchanging critical enterprise & government information.LTO's architecture separates private data sharing between existing systems from public network consensus which serves as a universal ledger.This hybrid approach makes LTO Network GDPR compliant so that business and government (esp. in the EU) can legally use it.- - -Meta Use Case:>scaleable inter-agency data sharing consortiums- - -Fundamentals:>partners include IBM, UN, AIRBUS, Dutch & Euro gov bodies, Chainlink>already one of the leading cryptos for Tx/day (~100k)>99.9% of Tx's are generated by paying clients>100% of staking payouts derived from network fees (APY ~7%)>clients have to purchase tokens from the market to pay for their transactions -- no OTC- - -Tokenomics:>50% circ. supply already staked>as clients start their own nodes, they will stake LTO themselves>those staked tokens = non-circulating supply>deflationary supply: 0.1 LTO burn every transaction; ~10k LTO burned daily>~80M LTO held in treasury M&A fund>M&A fund will not be touched until LTO price is much higher (maximize leverage of reserves)Links:>LTO in 1.5min:https://www.youtube.com/watch?v=Obj9GhhgE8M [Embed]>LTO in 3 min:https://www.youtube.com/watch?v=F4B5w0j4IQQ&feature=emb_logo [Embed]>in 30min /w /ourguy/ Rick (CEO):https://www.youtube.com/watch?v=zMa4HwgoeMI [Embed]--->white paperhttps://ltonetwork.com/documents/LTO%20Network%20-%20Token%20Economy.pdf>/biz/ pastebin:https://pastebin.com/D5ETj3Ks>general profile:https://upblock.io/research/LTO%20Network>tokenomics faq:https://blog.ltonetwork.com/faq-why-arent-lto-transactions-pegged-to-the-euro/>big brain deep dive:https://blog.goodaudience.com/an-objective-look-at-lto-networks-token-demand-8ce15e658c2b?gi=eb25d30c38d1---->/biz/ LTO Nodehttps://xeno.finance
Reminder that LTO is illegal and you may have to pay a fine if you are holding it>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 punnecessary.>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.>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>Pic related is OP, working as a freelance to shill LTOIf 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.
0.30 waiting room
Oh and for those who don't know this is the CEO before starting his scam token. As you can see he really doesn't look like someone you'd entrust your money to.
>>28146146>>28146222I know you're an LTO whale...don't worry, I won't tell anyone...
>>28146376You convinced me. I’m out.
>>28146376Lol hurry up and get you bag
What is the make it stack again?
10k stacklet and already leasing,am i gonna make it?
>>28146708>>28145894Whats the make it stack and whats the suicide stack?
>>2814679910k sui, 55k make it, 120k citadel
I like the idea of LTO but I dont understand why certain countries wouldnt use a centralized database instead of a blockchain for alot of their more sensitive data. Afghan makes sense bc they prob lack the infastructure and one of the primary use cases first proposed for blockchain tech was land registry (e.g. deeds). I also did look into the “IBM” partnership and I couldnt find anything on it from IBMs side. I also agree, a stablecoin would make more sense for this type of project. I also don’t understand the current low price since they have top 10 blockchain transactions (so they say). It should be way more than 29 cents bc the coin is deflationary due to tokenomics of small coin burn percentage for each tx. I think there are ghost transactions occuring on their network. I was previously invested in this project btw, it seemed/seems very promising. Im just not sold enough on it as an investor knowing its gonna be a slow pump anyway pricewise
Only have 5000, wish I could make it, feel unironically awful
>>28147270Feeling great with 5k think positive anon
>>28147539I had 15000, but because of medication side effects and insomnia, I aped into a dumbass PnD coin, fell asleep and dropped from 15000 to 5000
>>28147206damn im probably gonna be a stacklet, I can probably build at least a sui or two but it would take some time
>>28147262It will be a stable coin one day anon... when it's $100. You have yet to do the math
>>28147539if those 5k are expendable, then its a great amount to start and diversify
>>28147206whats a citadel
>>28147262LTO is undervalued because this is not a rational nor efficient market. This is why Dogecoin is worth $10 bil and a platform like LTO, with real utility and active network usage, is worth less than $100 bil. Genuine value investing opportunities are precious few and there is a lot of reasons to believe this is unironically undervalued. There is obviously always risks and nothing is assured, but from a risk/reward perspective, LTO is a screaming buy in my mind.
I used to hold PRQ as my main, but I recently swapped over before the pump. I'm now 70% LTO 30% PRQ, and I'm leasing to biz node. The more i read about this shit, the comfier I get.
Buddy of mine saying lto withdrawals from binance paused atm. Anyone else have this or is he just retarded?
>>28149452Interesting if true. I withdrew earlier today. Can anyone confirm?
>>28149548Can't confirm nor refute. My LTOs are comfortably sitting in the LTO wallet and yield me a nice return.
>>28146222if LTO will make me broke, guess i'm going to be really really fucking broke
Dracula Protocol $drc is going to make moves. Look at anything that launches a legit product. It all pumps. v2 is going to be massive. 100% unique codebase, 100% new partner pools.
We may break 30c in minutes
ALTSEASON IS FUCKING STARTING SOON WHEN BITCOIN GOES SIDEWAYSTHIS IS YOUR LAST CHANCE TO BUY LTO SO CHEAP
>>28148376A safe haven for when SHTF
The price has pumped bc of inside trading before some spicy news.Not financial advice.
>>28151345Stop I can only get so erect
Kek lads ROSE Serbian lad here again, gave it literally my last oomph (for Xth time, but for real this time), got my stack up to nearly 61.5k. I would've liked 65k but I'm satisfied enough with this as well (anything above >makeit stack is a bonus).Let's all make it frens
>>28151345I mean I hope that’s the case but it’s pumped alongside BTC, no?
>>28152030It has, but the truth is that /biz/ has finally done the math and is sucking up the supply like a vacuum.../biz/ node has 11 mil staked right now
Binance wallet literally lost over 700k tokens in about 24h period
>>28152412/biz/ node just surpassed the Binance node for staked LTO a few days ago, too. Keep in mind, if you want to buy LTO, Binance really is the only deep source of supply...
>>28152000>shill me on ROSE
What’s the biz node?
>>28152885https://xeno.finance/Based anon who runs it pays out 99% of staking dividends (1% pays for fees he incurs).
>>28152642This is LTO thread though. Search through the archives and DYOR. I'm 54% ROSE / 46% LTO.
midwit coin that is destined to fail
>>28153496I'm so glad I'm not accumulating anymore and that my bag is ready. I aped in for most of my stack at .23 - .24 and I remember how I was in full shitting bricks mode while it kept pumping.
>>28153496Multiple yahoo finance articles, used by the UN... it has a market cap 20x less than iota and they are all going ballistic cause iota got one partnership lol
OH FUGG WE BROKE THROUGH30 CENT STABLECOIN
>30 cents>screaming buy until $3.00
>already below 0.3$ >LTOutlaws on suicide watch
>>28154825you have to change your id with a VPN before trying to legit FUD this project, you already lost your cred with that one
500k more lto withdrawn from binance in just a few hours
>>28153816this is just all midwit fap material that will end with this being worth 3 cents in 2022
Holy shit we're not stopping are weIt's like some insider news or something happened
>>28155473Maybe. Though DESU if this market was rational we'd have broken $1 months ago.
>>28155383REMEMBER>he said this at 20c>he said this at 24c>he said this at 26c>he said this at 28c>he is saying this at 30c>he WILL say this at 5$ EOY
>>28155383weak FUD, I prefered it when you told us the CEO was a schizo.
>>28156497im a different FUD guy
Dracula Protocol ( $DRC ) will partner with $badger for their v2. Also, the $yfl dev is building their front end. This shit is about to be epic. Check out the chart, rounding nicely and ready for take off.
do I need to buy LTO on uniswap to use the biz node?
>>28156530I would unironically hire the XSN FUD guy if he's available. I wanted to accumulate some more
>>28156597No, buy on Binance and withdraw to LTO wallet.
>>28156597you can buy it anywhere, but you have to send it to your lto wallet
Great interview with /ourguy/ Rick, the CEO:https://open.spotify.com/episode/58JNBEj9HeMbH4NYUm2eJ4?si=n5vwdBRvRlWE8XEN2e2T4Q&utm_source=native-share-menu&nd=1
>>28145894bros im leasing my coins to biz node but it still says generating 0 sry im a noob help does it take a week or someting
>>28158155Yes, payouts are done weekly on Saturday.Read more about it on xeno.finance
>>28158155Don't worry about that, takes a few hours for things to kick into gear on the node's end. Your LTO is staked, check in on Saturday to see your dividend.
i swear this shit perfectly correlates with REEF's price. was trying to do a 10x there in order to dump it on LTO.
LTOnauts I come in this blessed thread just to say this OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
>>28145894Sentinel Dvpn is for the man of culture OP.
If the price of the coin increases, do the staking rewards increase in value proportionally?
>>28146376Hey the guy knows his corn. If he applies that sort of passion to the crypto market then I see no problem here.
>>28149123Where do these 'real values' come from?
>>28158753LTO was at 6-7% APY when it was at 2 cents, and it has maintained that yield up to 30 cents. As the network grows and Tx/day go exponential, this trend will likely remain for some time. HOWEVER, see pic related. The end game (if/when LTO is 2-3 digit price), the APY for passive staking WILL NOT be this high, and will probably be around 1% or less. This will occur as the network fully transitions to the Leased Proof of Importance model. This is why it is important to accumulate a large stake early on because in the mid to late stage the price relative to APY will not be at all attractive to retail investors who don't already hold.
>>28159047The variable used to calculate RV is the current Bitcoin price. This was selected because it is the obvious universal point of reference with which to compare the value of all these digital assets. Article from which the pic was taken is here if you want to DYOR:https://redphoenix7even.medium.com/this-is-not-a-comparison-of-which-network-is-better-or-worse-bcd04826ab7e
>>28159141>>28159266My LTO stock doin a lil sumthin
>>28159141This. But it will take a long time. Look at the amount of staked LTO by the community. It'll be awhile until corporations catch up with this. When the customers staking far outnumbers the community staking, then it will be not profitable anymore for us. By then, the token price will be at $30+
>>28159639You can only make me so hard
>>28159639And if you accumulate a "make it" stack early on, even a 1% APY at $30 will be enough to finance your lifestyle (mine, at least). It's like how the wealthy elite own these blue chips stocks that yield a dividend of 1-2%, but they literally never have to sell because the own so many shares that the nominal value of that dividend finances their lifestyle.
>>28159742Let me make you harder. LTO will buy existing projects and add their marketcap to LTO.LTO is a vampire that will suck the valuable essence out of other projects.
>>28159742Are you cooooming yet?
>>28159861I can live off of $150k per year. No problem.
>>28160038My current stack (x) $25 LTO (merely ~$10 bil mk cap, nothing insane) (x) 1% APY = triple my gross income right now....
OK I had to APE in, I'm 90% in crypto now LMFAOSomeone left their bot to work on .295 - .30 cent range on Bitmax, I had to jump in to get my stack up to 65k.
>inb4 $100 mil mkcap
>>28160325I literally went for my card as soon as I saw the bot running, was a risky gamble but it paid off.
>>28160466Actually, we're now past $100mil market cap in leaf bucks, for any leafs out there.
>>28160763Fellow leaf here, wgmi desu
>>28160877WAGTMI...but leaf bucks aren't
>>28159861Wouldn't that be 16500 usd? Where do you live?
>>28158348ok i leased my lto yesterday. its weird doesnt show you live stake
We are so making it lads
>>28161844What country should our first formal meeting take place in? It'll be the annual LTO bilderberg type meeting
>>28162084We will create a committee of 300 of our own and determine the fate of crypto (or companies using LTO) in a few years time.
>>28162084imagine the smell
200k stacklet checking in
>>28163896200k feudal lord stackgibsmetdat hwyt boi biden said so
>>28163896NiceI like how this is one of the few threads where holders report in and actually provide proof that they hold compared to countless shill pajeet tier threads
>>28159935I’m going to CUUUUUUUUM!!!!!!!!!!!!!!
>>28159935lets play guess who
>>28165117That's rick, easy
>>28165117Who is someone who understands EU regulatory & GDRS legislation and how to design systems that are compliant with those regulations?
>>28160038>I can live off of $150k per year. No problem.How did you get that number? Am I misunderstanding something in my logic?55000 LTO x 30 USD = 1650000 USD1650000 / 100 (1% APY) = 16.5k $ / Year
>>28165947LTO price appreciates as well
biz I Ieased two stacks to xeno now, but didn't unvote the first one and merged with second one, this is okay right?
>>28166304Yes you can have multiple leases.
>>28166425Kay, was worried about payout difference because I couldn't find any info on this particular matter Cheers m9
$drc is about to 10x. Ezpz. V2 launching soon. Completely unique code set. Plus, you can stills take DRC and earn ETH. APY is 15% or so. Normies love that. Then us degens can take the riskier plays if we want.
$DRC is the way friend. I'm referring to Dracula Protocol, of course. New UI will help a ton. They're marketing now. New tokenomics soon. And v2 launching soon. Buying all dips.
Unironically the next link
Run $DRC bro! Dracula has v2 launching soon. All this money floating around, a successful launch of some non-fork/cloned stuff is all you need to 2x. Then we just have to hope it’s something revolutionary (their first code set was pretty dope desu. Underappreciated). If it’s something halfway decent, this should go to 20 mil mcap. That’s an 18x from here or so.
>>28169332dracula rugpulled like 2 months ago
Reminder that I was shilling this 3x alone in december Got called a jeet
>>28158155>>28158329>>28158348How it's done?How much do you get profit?
>>28169630I wasn't around until January, I'm a newfag. Thanks for your service.
>>28169630Got in early JAN. Thank you for your service LTO Soldier.
FUUUUUCK NORMIES AND LINLIES DIS THE MATH NOOOOOOO
NOOOOOO STOP SHILLING THIS, I ONLY HAVE 13K I NEEDED MORE TIME NOOOOOO
Tell me what this poop does. I'm gonna buy 50k if this is good.I tried reading the overview on Coinmarketcap but didn't understand anything which makes me sceptical.