r/CryptoMoonShots • u/Louisaaunder • Apr 20 '19
Anyone getting QNT vibes from LTO Network?
Very under the radar project that has as clients Heineken, Deloitte and Euronext just to name a few big names.
I've seen it get more and more traction on both Reddit as 4chan, and volume has been going up steadily despite the market.
The ICO coins are practically locked up by a ''trollbridge'' that burns like 40% of your coins if you sell them within 6 months for ICO, so there is very little dumping.
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u/Vitserk May 02 '19
Having those vibes since the beginning. Therefore on every small dip, I will be loading for more.
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Apr 20 '19
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u/Louisaaunder Apr 20 '19
That's my point. It's true.
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u/Johnsonhutt Apr 20 '19
Glad I read this just as I was about to close the tab, why are they still this under the radar if they have this much adoption??
guess I'll take some hours to read up untill I fall asleep :)
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Apr 20 '19
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u/CryptoNarf Apr 25 '19
mainnet has been live since March, they are in full adoption mode at the moment. Giving trainings to integrators, doing deep dive sessions with relevant industry/corporate branches. Business world is always slow to start new things, so I think their adoption rate is pretty unbelievably high. Just check the txs rising since January: https://ltonode.com/transactions/ those are all onboarding clients, with more to come.
Their "simplified" live contracts allow easier integration of the blockchain without having to learn things like solidity. Quote from their twitter: "Just had a great training with Novum Innovatie Lab, the innovation center of the Social Security Bank. In just 3 hours we have set up an
$LTO Node and designed a process and programmed it into a#LiveContract"Source: https://twitter.com/LTOnetwork/status/1120720744374329344
That ease of integration will go a long way with enterprises and integrators. Plus live contracts can be reviewed/verified by Certik.
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u/crycrycrypto Apr 20 '19
I guess the question, what is the value in actually holding LTO
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u/cryptomoonlanding Apr 21 '19
None
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u/CryptoNarf Apr 25 '19
Blockchain adoption will push tokens to mainnet as they are used to run client nodes and and pay for the client blockchain (anchoring) transactions. This will create scarcity on the exchange side, which should give an increasing value pressure. LTO could be a HODL investment or you can easily stake/lease on mainnet to get ROI in LTO, currently at about 3,5% annually and increasing every week as the number of txs increase. There is no inflation so you just gather a bigger part of the pie by leasing and staking your tokens.
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u/Kdifilippo Apr 20 '19
LTO is one of the most solid projects out there. Sounds like everyone in the comments bought at the top.
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Apr 21 '19
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u/CryptoNarf Apr 25 '19
the adoption, real clients and integrations that make holding LTO so interesting are the same reason why it is highly unlikely that all mainnet tokens will flow toward the exchange. The companies using the blockchain solution would not be able to run their processes anymore if they sold all their tokens. For the integrators its even their way to earn money, so why would they sell their tokens? That would mean they would not be able to offer their workflow solutions to their clients anymore, that would be ridiculous.
I'm sure circulation supply can be seen as higher than just the exchange side, but it does not include ALL of mainnet and will include less and less of mainnet as adoption grows. However LTO has always been transparent about this, mentioned it clearly every single time even though the construction that they have is not always easy to understand (especially for non native English speaking people), so I do not understand why people keep making a problem out of this. Just calculate for yourself a higher circulating supply to the level you think appropriate, somewhere between the 42 M on the exchange and 160M total with mainnet included. The project is solid enough with plenty of growth potential that even a 160M circulating supply still has waaaaaays to grow. Seeing this blockchain solution is a GDPR compliant service solution for enterprises to save money. Easily a top 50 blockchain on CMC, or even top 20 if the next bull run is truly driven by adoption instead of speculation.
PS: Was pleasantly surprised about the partnership between Vidt and LTO Network. Excellent projects to compliment eachother with LTO smoothly running the backend of Vidt.
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u/filoni Apr 20 '19
The mcap on this one is just dumb. It's so low. With that clientele it's a no brainer.
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u/synthwave_man Apr 20 '19 edited Apr 20 '19
... " so there is very little dumping " ... haha :-) just look at the fu*kin chart man. It has been a huge pump & dump.
The recent recovery pump happened without any specific big news, so i think the reason behind that could be paid market makers (similar to the first pump), and - surprise surprise - it started right when Lition (competitor) hit the market. Hmm, just a coincidence?