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

/biz/ - Business & Finance


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29937237 No.29937237 [Reply] [Original]

WE'RE BACK. You bought the dip.... right?

>> No.29937294

What the fuck was that? Is a company buying some LTO? Is it a government??

>> No.29937309

>>29937237
Indeed I did. LTO is so fucking undervalued

>> No.29937384

Here comes the FUD bot soon, I actually miss him

>> No.29937436

Nah. Swapped over to trac instead. The founders aren't fucking morons like Rick.

>> No.29937453

STOP ANON IT'S A TRAP
DAILY REMINDER NOT TO PARTNER WITH UN BACKED COINS
>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
>LTO
Soon will follow Ambrosus footstep

If you want to invest in real use case coin look up Aleph.im (partnership with Ubisoft) and Origintrail/TRAC (partner and endorsed by World Economic Forum)

>> No.29937528

>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.29937548

Is this the surprise the insider this morning promised us?

>> No.29937559

>>29937528
zzz copypasta now

>> No.29937603
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29937603

>>29937309
>>29937453
>>29937528
there he is

>> No.29937629

>>29937453
Thoughts on trac general fud?

>> No.29937646

>>29937603
oops, meant to tag >>29937384 , not >>29937309

>> No.29937650
File: 111 KB, 1082x694, F0E0C628-AF07-4AB7-9ED4-5FAF1352DC42.jpg [View same] [iqdb] [saucenao] [google]
29937650

>he didnt buy the dip

>> No.29937680

comfy rewards

>> No.29937709

>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.29937803

why is this already going back down?? I bought at $0.38

>> No.29937835

>>29937803
fleshing out the quick seller niggers

>> No.29937872
File: 29 KB, 591x405, IMG_20210301_085842_970.jpg [View same] [iqdb] [saucenao] [google]
29937872

>>29937436
TRAC is the real deal indeed
World Economic Forum will use them
And they're not wasting their money on some UN nigger charity program

>> No.29937907

>>29937803
Because day trading a low mcap is retarded

>> No.29937961

>>29937803
it's how the big pumps happen
lots of buying, fomo, then weak people drop out and the people who actually wanted to buy it for a reason keep buying it more for cheaper

>> No.29938031
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29938031

>>29937384
I found him
>>29937453

>> No.29938309

>>29937237
We mooning boys. I love how biz is just straight up sleeping on this shit. We gonna have so many FOMO threads soon. And yes, I bought more at the dip.

>> No.29938336

I've done the math and 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.
My advice? Look up origintrail (TRAC) instead. They've numerous real, meaningful partnership that'll generate true revenue on their blockchain

>> No.29938627

>>29938336
>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
it doesn't even matter if they're not legit, it helps him sell it and it will become legit. fake it til you make it

>> No.29938731

>>29938336
>shilling TRAC in an LTO thread
imagine being this desperate
inb4 giving other anons a chance

>> No.29938837

I WAS WAITING FOR FUCKING 3-5 BUSINESS DAYS FOR MY FIAT TO BE AVAILABLE WHY COULDN'T YOU FUCKERS WAIT

>> No.29938864

FUCK ME that's a big dildo.

>> No.29938914

NO NO NO NO MY PAYCHECK COMES IN TOMORROW STOP PUMPING

>> No.29939457

>>29938336
but LegalThings is no longer owned by Rick. KATE innovations owns it. plz keep up, you're fud is getting worse

>> No.29939720

>>29939457
So LegalThings is bought by a no name, probably shell company? That's even worse.

>> No.29939889

>>29939720
not selling you my bag faggot

>> No.29939894

>>29937237
The volume on this fucking coin is just so piss poor, u can't even buy 50k USD worth without moving the fucking thing 5%

>> No.29939941

>>29939894
It's because people have been taking their LTO out of Binance for more than a month, there is less liquidity now

>> No.29940109

>>29938336
TRAC is junk. They’ve had >3 years to get listed on a Tier 1 exchange but refuse to do so. They will never get listed on a US exchange because their token is a security. TRAC will eventually die like Modum.

>> No.29940163

>>29940109
Yep I like TRAC but this is why I sold it.

>> No.29940324
File: 936 KB, 1080x1080, LTO2.png [View same] [iqdb] [saucenao] [google]
29940324

>>29937453

Aleph down 2% in 24hrs TRAC up only 5% meanwhile LTO bouncing back to its previous ath like a motherfucker. Don't be upset you chose to bag hold absolute shitcoins over LTO.

>> No.29940344

Whats with the tiny volume bit before the jump? Is someone trying to strangle lto? See coingecko 24 h. Its like someone opened a short before going long?

>> No.29940438

>>29938336
Your TRAC thread generated no interest this morning shit died out so fast , here you are shilling that piece of shit in here.

>> No.29940887

here's why you shouldn't invest in LTO
>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.29940916

>>29937709
>CEO IS A COOMER

LTO $10 EOY on that alone

>> No.29940973

>>29940438
TRAC is gaining traction on reddit where the masses will FOMO in while LTO thread on reddit barely have any replies.

>> No.29941042
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29941042

Getting paid in 8 hours so I have to stand by and watch it pump in the meantime

>> No.29941950

>>29940973
keep coping kek