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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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File: 11 KB, 250x250, LTO_Network.png [View same] [iqdb] [saucenao] [google]
29654647 No.29654647 [Reply] [Original]

My LTO crypto shit be doin a lil sum sum

>> No.29655118

DAILY LTO REMINDER

>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.

>> No.29655167

>>29655118
good bot


LTO Network is a hybrid blockchain focused on business. It’s the backend platform for any system or application to integrate with. The unique architecture makes it GDPR compliant and extremely scalable.

Usecases vary from:
- Anchoring existing systems for data integrity
- exchanging data on processes that run between organizations in an efficient and secure way
- and soon digital identification of individuals and your companies when doing business online.(defi for business)

With a focus on partners that build domain specific applications, like in education, healthcare, and the government. Those partners sell their applications to B2C, B2B, but also Government2Citizen.

>50% circ. supply staked. Staking rewards paid by clients.
>Deflationary supply. 0.1 LTO burn each transaction.
>Big partners include IBM, UN, AIRBUS, Dutch & Euro gov bodies

>Q4 2020 report
https://blog.ltonetwork.com/lto-network-adoption-growth-overview-of-q4-2020/

>2021
LTO recently just released the technical roadmap with a lot of exciting things such as:
* More details around LTO Network 3.0
* DID (Decentralized Identity) solution for businesses (business passports)
* A lot of Major partnerships with both crypto projects as well as traditional corporates and companies
* Even more use cases going live in 2021

Links:
>tech
https://www.ltonetwork.com/tech/
>Use cases:
https://origin.ltonetwork.com/use-cases/
>Clients:
https://ltonetwork.com/partners-clients
>Staking and leasing:
https://blog.ltonetwork.com/staking-and-leasing-lto-network-node-guide
>Twitter:
https://twitter.com/Theltonetwork (new one)
https://twitter.com/ltoxvidt
>Blog
https://blog.ltonetwork.com
>2021 digital identities
https://www.ltonetwork.com/documents/LTO%20Network%20-%20Identities%20Paper.pdf
https://www.coinstats.network/
https://upblock.io/research/LTO%20Network

>> No.29655172

>>29655118
bullish

>> No.29655181

>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

>> No.29655219

something's finally happening. it's a shame we're nowhere near ATH and this POS crabbing coin will take ages to get there again.

>> No.29655236

>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 actually 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

>> No.29655309

Never felt so free after I sold my LTO at $0.4

>> No.29655335

>>29655236

Working with the Afghanistan government? Oh shit that's bullish af see (FTM)

>> No.29655573
File: 1.45 MB, 2000x1415, 1610846508048.png [View same] [iqdb] [saucenao] [google]
29655573

>> No.29655596

>>29655118
>>29655181
>>29655236
>>29655309
Thanks just bought 100k.

>> No.29655803

about 2mil coins have been drained from the binance wallet today. under 48mil now

https://explorer.lto.network/address/3JxRvAGmuro9MUfJ3ZkznQjKSeGYXdx9odz

>> No.29656308

>>29655309

Imagine selling at .4 when a 10x is guaranteed HAHA. Didn't do the math, NGMI. Screen capped for future keks.

>> No.29656550

>>29655803
Wat mean?

>> No.29656625

>>29656550
Means number go up.

>> No.29656702

>>29655167
you need to go back

>> No.29656740

>>29656625
Based

>> No.29656839
File: 46 KB, 679x388, Eu794BSUUAEU-Bf.jpg [View same] [iqdb] [saucenao] [google]
29656839

New AMA this Friday btw.

>> No.29656967

>>29656702

You mad I'm giving newfags an opportunity to look into LTO by giving them links for them to do their own research as opposed to you copy/pasting fake green text fud samefagging. Get fucked nigger.

>> No.29657099

They were insane.

Can you guys check Mochimo $MCM

>> No.29657195

>>29657099
No.

>> No.29657294

>>29655118
Such a lonely life.

>> No.29657737

>>29657294
Yeah he’s been copy and pasting this on legit every LTO thread. Who has time for that

>> No.29658119

This shit better make me rich or I'm coming after you guys.

>> No.29658123

>>29657737

It's our very own schizo fud poster, or a bot.

>> No.29658192

>>29657737
Lonely people with empty lives.

>> No.29658379
File: 212 KB, 768x1024, el-tio.jpg [View same] [iqdb] [saucenao] [google]
29658379

>>29658119
Not financial advice. El Tío gives and El Tío takes.