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

/biz/ - Business & Finance


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29741410 No.29741410 [Reply] [Original]

https://unite.un.org/goLandRegistry/home
https://twitter.com/goLandRegistry

The UN just launched a website about the land registry project with LTO network.
Pretty bullish because there's a lot more countries to follow if this is a success.
The anchoring services for clients are tied with the token, same one you hold.

Countries will be buying up LTO, and each transaction (change of registry info in this case) has a 0.35LTO fee, from which 0.25 goes to staking rewards, and 0.1 gets burned.
The staking rewards with around 6-7% APY are entirely funded by client transaction and usage.

>> No.29741442
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29741442

>> No.29741544

Feels good....getting paid for my service of doing fuck all. 47million LTO left on binance, down 5million in the past week alone and were only on one proper exchange. Not even on binance US side. KeK

>> No.29741756
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29741756

>>29741544
yep, the binance wallet going down + amount staked going up in such a short term has always given us a nice pump so far.
With 2nd country announced as a client through UN land registry, we'll hit a new ATH

>> No.29741878

praying that btc shits the bed completely and drags this down to 20c. would literally sell my ass to help accoomulate more

>> No.29742044
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29742044

>>29741878
I don't see it going lower than this.
Picrel is how btc moves in bull run year,
Higher higher highs higher lows.
We're still coupled with btc, like most of the market

>> No.29743010

>>29741442
>Afghanistan
>India
>Bangladesh
>Sri Lanka
All third world nigger country that'll steal your money as soon as you step in there.
This UN partnership is bearish af

>> No.29743119
File: 349 KB, 1024x1284, lF5WliI.png [View same] [iqdb] [saucenao] [google]
29743119

Another daily reminder to never ever invest in project that partnered with UN.
>b-but it's united nations
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
>LTO
Soon will meet the same fate as HST.
Pic related

>> No.29743268

>>29743119
How can they steal my money? Give me a step by step process of how they will steal my money.

>> No.29743505

>>29741410
Yea it's pretty bullshit coin I have to agree

>> No.29743644

>>29743010
>>29743119
This nigga got this thread on speed dial. Stay poor.

>> No.29743709

LTO is actually performing better than BTC in this dump, finally some positive movement

>> No.29743765

>>29743119
VIDT TG is leaking

>> No.29743788

>>29743268
>Signing partnership with UN involves paying UN certain amount of money as stated in the contract. NO the UN will not pay LTO a dime.
>Those money will go to nigger countries like Afghan, India, Bangladesh, Sudan, etc as some form of international aid
>Corrupt government in those countries will eat up that aid while making excuses after excuses why there's no progress on the program
>Now you're left holding a bag

>> No.29743818

>>29743709
Looks like the 6k bot is having trouble pushing LTO down. Price discovery is going to be parabolic once we reach a tipping point in supply.

>> No.29743869

>>29743788
That was a shit attempt, do it again but be realistic.

>> No.29744001

>>29743869
https://www.transparency.org/en/cpi/2020/index/nzl
You can check corruption perception index there
>Afghanistan
Rank 165
>India
Rank 86
>Bangladesh
Rank 146
>Sri Lanka
Rank 94
LTO will lose their hard earned investor money as soon as they step inside those country

>> No.29744045

>>29744001
checked

>LTO
Rank 001

>> No.29744179

>>29744045
https://newsabc.net/amsterdam-crypto-company-argues-over-500000-lto-tokens/
This guy begs to differ
LTO CEO stole 500K LTO from him
Soon he'll steal from you bagholders too

>> No.29744244

>>29741756
bro that's not regularly updated, you should check blocktivity.info for that kind of information. it's linked in one of the blog posts so I guess it's more accurate.

>> No.29744366
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29744366

New client will be announced soon (another country)
AMA today
Afghanistan land registry goes live next week

>> No.29744367
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29744367

>> No.29744404

>>29744179
lol, this trial sounds like some crybaby he said, she said horseshit

>> No.29744575

>>29744404
>they ask a guy to be advisor for 500k LTO at the time
>guy does fuck all
>he still wants his reward

>> No.29745115

>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.29745152

>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.29745556

>>29745115
>>29745152
Just bought 100k more.

>> No.29745673
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29745673

This is sick. happy hodling

>> No.29745684

What's a make it stack frens?

>> No.29745738

>>29745684
10-15k sui, 55k make it. Now on discount, like everything else.

>> No.29745761

>>29745684
100,000,000 because LTO is going to 0.01

>> No.29745796
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29745796

>>29745684

>> No.29745927

>>29743119
Finally the only sensible thread in this sea of rat infested hopium