LowSea Leasing Node update (1st of November 2021)
You can feel the excitement in the air these last two weeks of October. BTC reaching new ATH, ETH reaching new ATH. Alt’s next run are around the corner and LTO Network is ready to join the races. Here’s what happened in the LTO Network ecosystem.
Kucoin officially announced listing LTO Network! This is huge news, as many in the community have been waiting for additional large exchanges to pop up. Trading has begun moments ago on this 1st of November: https://trade.kucoin.com/LTO-USDT
And Kucoin did an excellent job of introducing LTO Network to their community.
Kucoin also announced a trading competition AND a net holding competition.
It will be great to see another tier 1 exchange provide traders the opportunity to grab LTO and many in the community are hoping to see liquidity been spread out a bit away from Binance’s hold over the token.
Secondly, the COBALT mainnet update for LTO has been approved in the first voting round. Activation has just happened as well!
This update will open up LTO’s ecosystem beyond the B2B focus. Cross-chain activity, Decentralized Identities and Verifiable Credentials will come into play. Triall will be able to start hashing their clinical trials on LTO Mainnet and Sphereon will be able to start utilizing their MyCompanyWallet. Besides that, LTO will have some great things coming, like NFT2.0 and bridging DeFi projects. Things are looking good. Or, as Kucoin mentions in their listing announcement:
LTO Network has established itself as Europe’s leading blockchain due to strong real-world usage. It was founded on B2B enterprise solutions such as data & document verification and authentication. With the recent COBALT mainnet update this solid base is expanded with the addition of NFT2.0 technology and Decentralized Identifiers as the first stages of fulfilling the vision of becoming a world-leading layer-1 blockchain.
By utilizing its hybrid (2-layer) approach, LTO Network is natively GDPR compliant. This ensures easy compliance for companies around the world with ever-increasing privacy laws. LTO Network enables developers and businesses to build Privacy Aware Decentralized Apps (PADA) and offers many unique opportunities for projects to explore.
Immediate plans for LTO Network include NFT2.0, decentralized identities/verifiable credentials driving KYC, expansions on already established projects and much more. Keep an eye out for LTO’s new roadmap later this year.
IMPORTANT (especially with the Kucoin listing): The ERC20 LTO Token Swap has officially commenced. Exchanges are switching over to the new v2 smart contract, but not all of them have done so yet. Be sure to keep and eye out on the blog post (which will list any exchanges supporting v2 LTO and be diligent to check which paths you need when transferring between exchanges so that you do NOT lose your tokens:
This weekend were filled with Halloween festivities across the internet and states. LTO Network had organized some twitter hunts and a few quick/lucky people were able to find hidden seed words for wallets with a nice reward in it. Overall, it’s great to see these community engagements. It is proof that the marketing really has found its base and is helping give LTO exposure in many ways.
Speaking about marketing and rewards, more marketing examples happening these past 2 weeks:
- The ledger giveaway that LTO Network.
- The price guessing competition on Reddit.
- The vlog’s the LTO team are doing now every couple of weeks.
Keep an eye out for these things, because I’m certain more will come.
On the adoption front we got a glimpse of Rick’s ABC (Always Be Closing) mentality. He’s traveling all over the place like France and England to talk to (potential) integrators/clients/projects.
We saw that a UK casino will be using LTO’s Decentralized Identities and Verifiable Credentials for their KYC process. The idea being that casinos will be able to share their done KYC with each other across LTO Network by using the unique ‘Trust Networks’ functionality on mainnet. This will save casinos time/effort/costs. The community is looking forward to seeing more official information about this use case pop up.
All in all, very busy weeks and I would not be surprised if I missed a few things. Be sure to keep track of the announcement channel on telegram and follow LTO Network and Rick on Twitter.
See you in a few weeks and may the growth continue!
Looking for a great crypto investment?
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Staking now also ledger support on LTO Mainnet!
