LTO Network — LowSea Leasing Node update (1st of April 2022)

  • More APY coming
  • Unlock time of 2 days will be introduced for stakers/leasers (meaning you will have to wait a certain amount of time after stopping your lease before you can move your tokens).
  • Introducing batch transfers to help corporations/enterprises/integrators be more cost efficient.
  • Introducing a fee cost voting method for the nodes to help keep usage costs more stable while the token price fluctuates (and explodes toward 10 USD and up like we all expect it to do 😉).
  • The burn on the paid transaction costs remains but is switched to a 50% of paid costs, instead of a set 0.1 LTO per transaction fee. This will help keep the burn in balance with the different transaction costs introduced under the COBALT update.
  • LTO will be temporarily inflationary, much like SOLANA, and will turn deflationary again with the growth of adoption and usage (as the amount burned will become bigger than the amount minted to increase APY).
https://blog.ltonetwork.com/litepaper/

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Crypto enthusiast. Traveled 6 of the 7 continents. LTO Network Community admin and owner of the LowSea Leasing node on LTO.

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Cryptonarf

Cryptonarf

Crypto enthusiast. Traveled 6 of the 7 continents. LTO Network Community admin and owner of the LowSea Leasing node on LTO.

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