LowSea Leasing Node update (1st of March 2021)
February’s second half is a short one, so it seems to have flown by.
Since the last update, we’ve seen some volatile BTC movements. This of course impacted LTO as well, but it looks like we’ve established a new bottom at 0.26 USD, which is very good! TA (Technical Analyses) wise, the weekly chart of LTO looks extremely bullish and many expect more positive price movements coming in this month. The Binance wallet continues to be drained, meaning we are squeezing the supply on the exchange. This should trigger the bots push the price higher as the exchange can’t run dry of tokens to be available. A higher price will motivate people to sell, freeing up tokens for the market again. So, what do we do!? We HODL! 😉
We also saw two very nice online meetings with Rick Schmitz, the CEO. First was a webinar around land registration and the role blockchain can have there. Rick and the United Nations were present to talk about their GOLand Registry. It was said the UN node will finally start their first anchors in the first weeks of March (this week). I look forward to it, but I always keep in mind these big organizations run slow and have delays. So, let’s see if it really comes online this week. It would be awesome!
The webinar itself was very interesting and there were several bullish comments like Rick saying “We’ve got half of Africa in our mailbox.” Meaning, there’s more countries interested in the GOLand solution, which would mean more transactions for us!
Watch the webinar here: https://youtu.be/n1I-mboNjTA
The other bullish online video was the AMA with Horizen, who announced a partnership with LTO Network a little while ago.
Watch the AMA here: https://youtu.be/Krs9WvkbgrY
To me it looks like that LTO Network is very unique by breaking through the B2B adoption barriers. They are so successful now (and continuously building) that other projects would love to work with LTO Network in order to get access to those fee-paying (and thus revenue generating) companies. I really liked the vibe in this AMA and look forward to seeing how Horizen (with their zero proof knowledge and side-chains) will be able to complement LTO Network (with their Decentralized workflows and Identities) in the future. One thing both gentlemen were really clear about: whatever is coming, it will give more activity on both chains. So we all benefit from it!
And then it was March! So quick! We’ve seen the additional burn to equal the VIDT token burn just pop up on LTO’s Twitter, which means an additional 60k LTO burned. And I also noticed the LTO Team has been teasing about the SignRequest acquisition by BOX. It looks like it more and more that LTO Network and Box might be talking behind the scenes about the utilization possibilities of LTO’s blockchain solutions. Should BOX choose to start incorporating LTO’s decentralized workflows for example, it would be mega-bullish news. But people are just hoping right now. We will have to wait and see if there truly are conversations being held there, and if they will end up in a successful implementation.
May the growth continue!
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