LTO Network — LowSea Leasing Node update (15th of May 2022)
Holy moly, it was like order 66 out there this week with LUNA going into freefall and dragging EVERYTHING with. Our precious LTO coin was no exception, which is a bit frustrating with all the awesome news coming. But we will survive like a few of the jedi did. Let’s dive in!
First of all: JUICY is almost here! Never before has an update seen so much consensus support. The voting period passed in one try and we’ll see the new tokenomics and functionalities activate on Wednesday the 18th of May 2022. Bring on those sweet juicy rewards (10–17% APY depending on the total staked 🥳) and let’s break the downward cycle of the bear market to smash that ATH of 90 cents!
And, with the LUNA trouble, not unimportant to know: LTO had a hard-coded max supply of 500M LTO. So what happened to LUNA won’t ever happen to LTO. 🧐
Exchanges! 4 more exchanges listed LTO Network this period:
We can’t have enough of them, and some interesting pairs there added with the Indian Rupee (INR). More will follow!
Rick (CEO) tweeted about a meeting with GET Protocol, which is another interesting Dutch project that focuses on ticket sales for a more honest secondary market around events, festivals and concerts. There’s already several Dutch artists utilizing their structures (and I would know as my wife got here recent concert ticket from BLØF through GET!). What could they be talking about? Perhaps ticketing in the metaverse? Maybe something with ownables?! We’ll have to wait and see.
The 4th of May was Star Wars Day. We know the force is strong in this project and I loved the graphic that the team put out to celebrate! We’re all just a bunch of nerds aren’t we?
With the market taking a tumble due to LUNA trouble, Rick reassured the community that LTO Network had all the means to survive a bear market. With enough reserves for the next 5 years, LTO Network is not going anywhere and will continue building. They will continue R&D (Research and Development) and they will continue to bring real projects into web3.0 and the cryptoverse.
As a closer for this update something very exciting about… Proofi! Long-term holders will remember the first version of Proofi that seems to have quietly slipped away as the team noticed the market was not right for it. From the looks of it, they’ve rekindled this product and approach to bring it to web3.0!
I’m super excited about this, as it seems to have to do with the Chainlink partnership and we all know that that partnership has grown beyond the original setup too. 🤩
I hope we won’t have to wait too long to see real news pop up about it, but I can’t help but feel extremely bullish about this one. 🚀🚀🚀 Now, if we would see a sign of life from GoLand too, it would all become beyond awesome.
That’s it! May the growth continue and let’s see what the new JUICY activation brings for attention. Be it bear of bull (I’m sure BTC will misbehave at some point), LTO is here to stay and ready to expand, even during the hardest times of the market.
Looking for a great crypto investment?
LTO is a Proof of Stake blockchain with a total supply of max 500M LTO and a great APY. The project is driven by real adoption. Join LowSea Leasing and be part of the progress that LTO Network is making in the cryptoverse.
Come stake your coins at the LowSea Leasing node on LTO Mainnet. Just follow these easy steps: https://cryptonarf.medium.com/welcome-to-lowsea-leasing-9161fb28a19a
Staking is ledger supported on LTO Mainnet!