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LTO NETWORK INFO COMP 2/4/2021

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  1. LTO NETWORK INFO
  2.  
  3. This document will be very redundant and is barely organized, just stuff I’ve been compiling as I’ve been doing my research.
  4.  
  5.  
  6.  
  7. LTO Network is a hybrid blockchain for securing, verifying and exchanging business critical information
  8.  
  9. INTRODUCTION
  10. LTO Network is a hybrid blockchain platform featuring Business-to-Business functionalities. Combining private chains and a public Leased-Proof-of-Stake blockchain, the LTO Network enables General Data Protection Regulation (GDPR) compliant blockchain solutions.
  11. LTO Network's architecture separates data sharing from network consensus and builds a decentralized public layer as well as a customizable private layer. The public layer is a digital notary for hashes. By applying the NG Protocol, transactions on the LTO Network are acknowledged within 2 seconds, making data anchoring on the blockchain a viable solution for businesses.
  12. The business strategy of LTO Network focuses on two major features: external parties building and integrating existing products, and developing LTO Network’s products which enable companies to benefit from the advantages of blockchain technology, without having to worry about the downsides of decentralization.
  13.  
  14. What is LTO Network: Hybrid Blockchain – by LTO
  15. https://www.youtube.com/watch?v=Obj9GhhgE8M
  16.  
  17.  
  18. What is LTO Network?
  19. LTO Network bills itself as a hybrid blockchain designed for trustless B2B collaboration. The private layer is for data sharing and process automation (each process residing on its own miniature ad-hoc permissionless private chain). The public layer acts as a global security settlement layer — an immutable digital notary. This hybrid approach reportedly makes LTO Network GDPR and data privacy compliant, as well as scalable and ready for adoption.
  20.  
  21. LTO Network is a hybrid blockchain solution that connects to your existing systems to enable efficient collaboration on complex multi-stakeholder processes, such as:
  22.  
  23. - international waste transportation;
  24. - track and trace of consumer goods;
  25. - inspections of oil terminal and aircraft;
  26. - providing data integrity to digital signature applications and document management systems.
  27.  
  28.  
  29. LTO Network is gaining popularity these last few months and for good reason. It is the leading European Blockchain with strong fundamentals. So strong... people seem to have a hard time believing it. So, I wanted to introduce LTO to you and show you why it’s on its way to join the top 40 coins on the cryptolist top100, where projects sit comfy with a 1 Billion USD marketcap.
  30. The Future
  31. Let’s not keep the best for last!
  32.  
  33. • Now that LTO has established a solid base with decentralized workflows, Blockchain as a Service (BaaS) and document validation, it’s shifting its focus onto DID (Decentralized Identities). Using their mainnet in combination with the established trust network of extended-SSL certificates, LTO Network will lead the way for cross-chain DIDs through their partnership with Chainlink. By using their unique transaction type of associations, any blockchain will be able to cast out their net of trust using LTO Mainnet.
  34. • Using this DID structure, LTO Network will provide a structure for verifiable credentials. It will act as an oracle for the DeFi world, one of the fastest growing use-cases of the cryptoworld.
  35. • Partnerships like Horizen and Drep Foundation have already jumped onto the opportunity and I suspect many will follow once things through Chainlink become active later in the year.
  36. • Read the newest LTO Decentralized Identities Litepaper and Techpaper here:
  37. • https://ltonetwork.com/documents/LTO%20Network%20-%20Identities%20Paper.pdf
  38. • https://ltonetwork.com/documents/LTO%20Network%20-%20Identities%20Tech.pdf
  39.  
  40. LTO Network 2021 roadmap
  41. Interested to know more? Read on!
  42.  
  43. The Basics
  44.  
  45. • LTO Network is run by a revenue making company, little chance of them running out of funds, or abandoning LTO as it is part of their IT (SaaS or Blockchain as a Service, BaaS) service structure
  46. • Total supply of 402M coins; Started at 500M, all coins are minted, there’s no inflation build in. Various instances led to burns, leaving 402M LTO total supply right now.
  47. • Circulating supply at this time is around 272M (see M&A comment under tokenomics)
  48. • LTO is not an ERC20 token or a simple smartcontract. LTO Network runs its own mainnet (a heavily adapted fork of WAVES), where they have build new functionality on to suit their use-case approaches.
  49. • They build their own blockchain tools, mostly as SaaS offered services, but also work heavily together with other blockchain parties, like Horizon, DUSK, Chainlink (making integration with any other blockchain possible) and smartcontracts on ETH.
  50. • 99,9% of the transactions on LTO are B2B transactions, paid by integrators and clients, who have to purchase tokens from the market to pay for their transactions.
  51. • Some example tools that run on LTO: fillthedoc.com (most powerful and flexible document automation workflow tool out there right now. It’s easier and cheaper to use than current standards), thecontract.app, digital signatures through signrequest, IoT sensor data tracking through the Internet of Environments project (environment data, but also climate 'corona' quality sensors: https://www.coronasafetyindicator.nl/).
  52. • They have been quiet about their progress, while big companies already make use of their tools: Deloitte (fillthedoc), Quislex (thecontract.app), IBM (Internet of Environments), NEN (national Dutch standardization company), Amspec and Navarik (both companies in the oil industry), the Dutch and Belgian government (on several levels), and the biggest to date: The United Nations.
  53.  
  54. United Nations and LTO Network launch land registry solution for the world to use.
  55. • They have been building their base level of clients and tech these last 2 years through the land & expand method. Investing their money in smart ways, not spending it on crypto marketing, but on investments to get tenders, which leads to clients and opens more doors, leading to new opportunities, etc., etc.. They’ve been biding their time, waiting for the moment to upscale and go international.
  56. • At the end of 2020, LTO Network acquired the blockchain company VIDT Datalink. As two companies that were already working together often, the document validation tech of VIDT fits very well in the enterprise packages that LTO Network offers to its big clients.
  57. • Expanding on the previous point: Merger and Acquisition is part of the LTO Network’s plan to grow (more about that under the tokenomics). They are building an ecosystem to offer all kinds of easy to integrate blockchain solutions for businesses around the world. It’s why Stansberry Research recently called LTO the “Ethereum of the Business World”.
  58. • Community: An active community has stood by LTO since mainnet launch in January 2019. They have helped develop chain crawlers, overviews, ROI calculators, wallet price display extensions in chrome, but also brought in new clients, helped promote the services and providing feedback on approaches and ideas.
  59.  
  60. The tokenomics
  61.  
  62. • The tokenomics are among the strongest I've ever seen. It should speak to anyone that likes strong fundamentals behind their coins. XRP peeps will like the real usage by clients. VETfam will like the more direct value capture mechanism. ETH people will see it as another way to earn great staking rewards while ETH 2.0 is building up.In short:- Transactions on LTO mainnet cost LTO, integrators and clients need LTO to run their SaaS (or Blockchain as a Service, BaaS) services.- LTO can only be bought from the market. There is no OTC, nor a weird structure with a second layer token like VET. Just plain and simple; as usage increases, more tokens are needed to fund those transactions and more buying pressure comes into play.- On top of that, as companies start their own nodes, they will stake LTO in these mainnet nodes themselves to get rewards back. Those staked tokens can be considered non-circulating supply, as they are not actively traded. So, while demand increases, the offer side decreases.
  63.  
  64. LTO Value Capture Cycle; one of the most direct in cryptospace. With current prices (0.22 USD) and daily transactions (100k) $ 5,500 USD is captured per day.
  65. • There is a transaction burn mechanism active since August 2020, burning 0.1 LTO per transaction. With the current daily txs (100k-105k) about 10.000 LTO is burned EVERY DAY. This means the total supply of 402M is actively decreasing. The deflation will speed up with more adoption being onboarded.
  66. • LTO Network works on a PoS mainnet. Any token holder can stake, either by running a node of their own or leasing their tokens to a vetted community nodethat does regular payouts. Leasing is super simple, and you keep full control over your tokens. Currently, 128M LTO are staked on mainnet, a whopping 47% of the circulating supply.
  67. • Annual staking ROI is between 6-8%, which might not sound like a lot until you realize this is on a deflationary total supply due to the transaction burning.
  68. • Daily transactions have recently burst through the 100.000 txs per day. It will soon become the new normal on our way to higher levels.
  69. • Remember that 272M circulating supply I mentioned? And the merger and acquisitions strategy? Well of the remaining +/- 130M LTO left that still need to unlock, 80M is part of LTO’s M&A funds. These funds will be used to bring more value to LTO’s mainnet and growing the company when the moment arrives. They recently released a blog post talking about how the M&A funds will not be touched until the LTO price is much higher, so that the power of those funds are bigger and they can make bigger moves. Read it here: https://blog.ltonetwork.com/faq-why-arent-lto-transactions-pegged-to-the-euro/
  70.  
  71. The Possible Counter Arguments
  72. There is so much more to tell that I can't possibly fit it into this post without making it a book. But let me close with some of the major against/worry arguments I've seen about LTO:
  73.  
  74. • Why, if it is so awesome and great at transactions/adoption, is the price so low then? There must be something wrong with it: IMHO, no. LTO has been seeing great traction the last two months and is not done by a longshot. Reasons I can think of why MC is still so low are: LTO Network build up their blockchain during the bear market when hype was little and people bearish, so they quit their investments quickly. LTO Network did little marketing, as they wanted to establish a solid base first, before going internationally and enter their scale-up phase.
  75. • What happens if all the tokens get burned? Not possible. The burn mechanism can be adjusted by node consensus if need be. Lowering it, or perhaps make it a percentage of the transaction costs are possible futures, all decided by the (community) nodes voting process with a need of 80% consensus.
  76. • When price rises, transactions will start too cost way too much. The team will not allow this: Again, no. Read this blogpost (same as M&A post): https://blog.ltonetwork.com/faq-why-arent-lto-transactions-pegged-to-the-euro/While a high token price will increase costs for integrators, clients will barely notice; adoption will not be impacted. These integrators have already put a margin on their offered services, allowing the price of LTO to grow for a long time before it starts impacting their client's costs.On top of that, it's quite common for every service, to charge a little more every year (just look at your own IT service plans, or TV/phone plan), so the costs will remain covered while LTO's token price rises.*Comparison example: Would LTO's price rise to 1 to 4 USD, it would still be cheaper to anchor on LTO then for example Ethereum. Some use-cases like certificate securing can easily off-set and additional cost of 1 USD per certificate, which means LTO can charge up to 4 USD without much problems on the adoption side. In general, clients don't really see the blockchain side of the service, it is simply a fiat payment.*There's two structures ready for when (not if ;)) the token price skyrockets and does become "too high":1) Nodes can vote to lower the transaction costs, just like with the burning mechanism. At the moment, a transaction costs 0.35 LTO, 0.25 for the transaction and 0.1 LTO for the burn. Should price skyrocket, nodes can adjust this downward (don't forget annual ROI in money terms would have climbed as well if price rises) so that adoption is not obstructed. This would all even out with a major increase of daily transactions, increased ROI and a higher token price. So, the vote would be have no problem to tweak the transaction prices down for things to find a new equilibrium.2) Leased Proof of Importance: Currently not active, this is something for a faraway future. LPOI skews the balance of rewards toward those nodes that are most active in transactions. Giving these nodes a better cost-effectiveness, while the public/community nodes get a little less, reward-wise. As this change in protocol would require node consensus as well, it’s not likely the community nodes will vote for this structure quickly. This means that adoption has to have progressed so far already that the integrators and clients own 80% of the node consensus by running their own nodes and staking vast amounts of LTO. This means that the price will be at a whole different level entirely before that happens.
  77. TL/DR: The LTO team benefits from a higher token price with their M&A funds, creating the opportunity to bring more value to LTO mainnet, and LTO price can grow indefinitely with the 2 possible counter solutions available.
  78.  
  79. The Moontalk
  80. • I believe that LTO has all the strengths needed to make it to the top 40 on CMC. 1 Billion USD MC would put LTO’s price just above 3 USD. But when chains like ADA can reach 30 Billion MC during the previous bull-run with absolutely no real-world usage or adoption, I’m optimistic that LTO will go for the multi-billion MC this year as BTC seeks new heights. This is not a pump and dump coin. Passive income, growth and sensible investment would be well-placed here. Still, I expect that the growth will go very fast with such great fundamentals backing it up.
  81. That’s it. LTO, the blockchain company that probably should’ve been on the stock-market for being too real for crypto. I hope you enjoyed the read. May the growth continue and see you on Mars.
  82. Edit: Typos
  83.  
  84.  
  85.  
  86.  
  87.  
  88. Functional layers
  89. Decentralized applications
  90. Organizations participate in distributed applications via their node, without the need for a central system.
  91. Distributed data processing
  92. Data is shared peer-to-peer between the nodes of specific participants, never with the whole network.
  93. Blockchain
  94. All nodes are connected via the public blockchain, facilitating consensus and data integrity.
  95.  
  96. Hybrid blockchain
  97. LTO Network allows two or more businesses to share and agree upon sequences of events. Event sharing is done peer-to-peer, without relying on an authoritative party.
  98. The limited number of parties involved present a challenge when dealing with conflicts. A majority, if it can be formed at all, can't provide an unbiased decision.
  99. Rather than re-introducing authorization on the network, parties reach consensus by leveraging on our public proof-of-stake blockchain. Anchoring of the hash of private events happens on the public chain.
  100. Blocks of the public chain have a specific height, and transactions within a block are also ordered. This order provides a globally recognized sequence of events, which is used to reach consensus on the private chain.
  101. A hybrid blockchain means private data, public consensus.
  102.  
  103.  
  104. LTO Network is a hybrid blockchain focused on business.
  105. It’s the backend platform for any system or application to integrate with.
  106. The unique architecture makes it GDPR compliant and extremely scalable.
  107.  
  108. Usecases vary from:
  109. - Anchoring existing systems for data integrity
  110. - exchanging data on processes that run between organizations in an efficient and secure way
  111. - and soon digital identification of individuals and your companies when doing business online. (defi for business)
  112.  
  113. With a focus on partners that build domain specific applications, like in education, healthcare, and the government.
  114. Those partners sell their applications to B2C, B2B, but also Government2Citizen.
  115.  
  116. >50% circ. supply staked. Staking rewards paid by clients.
  117. >Deflationary supply. 0.1 LTO burn each transaction.
  118. >Big partners include IBM, UN, AIRBUS, Dutch & Euro gov bodies
  119.  
  120. >Q4 2020 report
  121. https://blog.ltonetwork.com/lto-network-adoption-growth-overview-of-q4-2020/
  122.  
  123. >2021
  124. LTO recently just released the technical roadmap:
  125. * More details around LTO Network 3.0
  126. * DID (Decentralized Identity) solution for businesses (business passports)
  127. * A lot of Major partnerships with both crypto projects as well as traditional corporates and companies
  128. * Even more use cases going live in 2021
  129.  
  130. Links:
  131. >tech
  132. https://www.ltonetwork.com/tech/
  133. >Use cases:
  134. https://origin.ltonetwork.com/use-cases/
  135. >Clients:
  136. https://ltonetwork.com/partners-clients
  137. >Staking and leasing:
  138. https://blog.ltonetwork.com/staking-and-leasing-lto-network-node-guide
  139. >Twitter:
  140. https://twitter.com/Theltonetwork (new one)
  141. >Blog
  142. https://blog.ltonetwork.com
  143. >2021 digital identities
  144. https://www.ltonetwork.com/documents/LTO%20Network%20-%20Identities%20Paper.pdf
  145.  
  146. https://www.coinstats.network/
  147. https://upblock.io/research/LTO%20Network
  148.  
  149. ---------
  150.  
  151. >/biz/ LTO Node - 99% weekly payout
  152. https://xeno.finance
  153. Lease to address: 3JkihPXS5iPs8xDKcFQmhR8TVcAmDRUZpyx (also on website)
  154.  
  155.  
  156. LTO doesn't promise to become the next ETH, gold standard or a worldwide revolution. It offers boring optimalisation solutions for businesses and governments in a plug and play manner.
  157. ----
  158. >What is LTO?
  159. LTO Network is an enterprise focused blockchain.
  160. They make anchoring data and existing systems on chain an easy integration.
  161. Public and private layers system makes it GDPR complaint which corporate boomers love.
  162.  
  163. >How is it better than eth / ada / vet / (other shit eth killer zombie chain)
  164. LTO doesn't neccessarily aim to compete with general purpose chains.
  165. They offer particular use cases that their clients need.
  166. The major use case so far has been anchoring data on chain,
  167. as well as exchanging data on processes that run between organizations in an efficient and secure way.
  168. LTO uses a different kind of smart contract, a live contract.
  169. This allows for business users like an IT admin or a secretary to directly deliver input to the blockchain.
  170. It also allows other users to validate and reject data.
  171. This flexibility is unique for LTO and makes it perfectly suited for real life use.
  172. >blockchain made easy for HR stacies and business boomers
  173. >>
  174. Anonymous (ID: WKlADALj) 02/04/21(Thu)04:18:30 No.27693322▶
  175. >>27693377
  176. File: EsFSLcoXAAQ1o8r.jpg (76 KB, 1280x616)
  177.  
  178. >Partners & Clients
  179. IBM - multiple use cases, Corona Safety Indicator sensors, environment sensors.
  180. EU gov bodies - Files Authentication Manager use case
  181. United Nations - Land registry use case in developing countries, started successfully.
  182. VIDT merger- Implies vidt clients using LTO for anchoring (AIRBUS, NEN)
  183. Dutch DOJ - Judicial cases on Blockchain, standarized punishments for similar petty crimes.
  184. A few new major ones to be announced.
  185.  
  186. >Proof that it's alive and used.
  187. Top 10 in transactions,
  188. revenue generated and,
  189. best price per sale (p/s) ratio
  190. at a low mcap 60mil.
  191. just hit 100k 5 days in a row.
  192. >>
  193. Anonymous (ID: WKlADALj) 02/04/21(Thu)04:19:28 No.27693374▶
  194. File: IMG_20210101_102433_691.jpg (87 KB, 1280x840)
  195.  
  196. Each transaction by the LTO clients has a 0.35 LTO fee. 0.25 LTO goes to the staking rewards and 0.1 gets burned.
  197. The same token used by the clients for the service, is the one you hold.
  198. This means that the success of the network and its adoption flows directly into tokenomics.
  199. Not many blockchains have this great of a business model.
  200. Biggest reason why I hold LTO. It means that even if bitcoin and crypto market shit its pants, This shit can climb.
  201. As the price goes up, the nodes will vote to lower the fee, to keep it similar afforadble price for its clients,
  202. while we reap the benefits of higher price + staking/leasing rewards.
  203.  
  204.  
  205.  
  206. 3RD PARTY OVERVIEW
  207. https://blog.goodaudience.com/an-objective-look-at-lto-networks-token-demand-8ce15e658c2b
  208.  
  209. List of wallets
  210. https://lto.tools/balances/
  211.  
  212. TOKENOMICS
  213. Limited tokens, each transaction burns tokens, the more transactions the more deflation, the more transactions the more rewards for staking, as price goes up the transaction fee lowers to stay competitive but ROI increases.
  214.  
  215. It's designed to moon if the company succeeds in bringing clients.
  216.  
  217. Positive feedback loop:
  218. More people invest, higher the ROI from leasing (getting paid to own the token), the more attractive the token gets
  219. Businesses are incentivized to buy the token to get higher dividends from it
  220.  
  221. For every transaction, there is deflation, also bringing the price up
  222.  
  223.  
  224. Videos
  225.  
  226. Top 100X Altcoin That Will Make You RICH in 2020-2021!!!
  227. https://www.youtube.com/watch?v=xE1zzHIrwIs
  228.  
  229. LTO Network - 9 Things to Love
  230. https://www.youtube.com/watch?v=Yfb-C6Mi9TU
  231. Long intervies with the CEO and employees
  232.  
  233. LTO Network Interview - Hybrid Blockchain for Businesses | Rick Schmitz - Alexandre Raffin
  234. https://www.youtube.com/watch?v=zMa4HwgoeMI
  235.  
  236. LTO Network | Crypto Interview | Hybrid Blockchain | Integrator | Real Use Case Improved Workflows
  237. https://www.youtube.com/watch?v=NSb4eneG4q4
  238.  
  239.  
  240. really great video:
  241.  
  242. Grilling LTO Network with CryptoArnie & ICODOG | Decentralised Workflows
  243. https://www.youtube.com/watch?v=7mb6IlGVb_w
  244. 26:30 why they’re ahead of anyone who tries to copy them
  245. 37:00 how they make money
  246. 44:00 integrator buys the tokens
  247. 46:00 game theory of using product
  248. 1:11:30 price of tokens for integrators and how it affects price
  249.  
  250. if tokens are too expensive, fees will lower, which will give overcapacity of tokens to businesses using it, so they will sell their overcapacity, stabilizing the price
  251.  
  252. LTO’s youtube channel
  253. https://www.youtube.com/channel/UCaHcF-xterKYTKSpY4xgKiw
  254.  
  255.  
  256. article on live contracts by ceo
  257. https://medium.com/ltonetwork/live-contracts-whats-all-the-fuss-about-c4e4c0288157#:~:text=A%20Live%20Contract%20is%20something,decentralized%20storage%20and%20the%20blockchain.
  258.  
  259.  
  260. 4CHAN DISCUSSION
  261. https://boards.4channel.org/biz/thread/26888807#p26896313
  262. https://boards.4channel.org/biz/thread/26979754
  263. https://boards.4channel.org/biz/thread/27154819#p27174583
  264. https://boards.4channel.org/biz/thread/27251069#p27253968
  265. https://boards.4channel.org/biz/thread/27424821
  266. https://boards.4channel.org/biz/thread/27702946#p27744906
  267.  
  268.  
  269.  
  270.  
  271. TERMS DEFINITIONS
  272. GDPR
  273. The General Data Protection Regulation (GDPR) is a legal framework that sets guidelines for the collection and processing of personal information from individuals who live in the European Union (EU). ... The GDPR mandates that EU visitors be given a number of data disclosures.
  274.  
  275. B2B collaboration
  276. Azure Active Directory (Azure AD) business-to-business (B2B) collaboration is a feature within External Identities that lets you invite guest users to collaborate with your organization. ... Work safely and securely with external partners, large or small, even if they don't have Azure AD or an IT department.
  277.  
  278.  
  279.  
  280.  
  281.  
  282. Transactions vs market cap (how undervalued it is)
  283.  
  284. https://www.coinstats.network/
  285.  
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