What is the issuance price of LTO Network coins?

LTO Network's initial coin offering (ICO) in 2017 established the issuance price of LTO at €0.02 per token, raising €8 million.

Dec 29, 2024 at 10:37 pm

Key Points:

• Definition and Overview of LTO Network
• Tokenomics and Issuance Price of LTO
• Distribution of LTO Coins
• Use Cases and Value of LTO

What is LTO Network?

LTO Network is a blockchain platform designed specifically to facilitate the secure and transparent exchange of digital assets in real-world applications. Utilizing hybrid blockchain technology, it combines the immutability of public blockchains with the privacy and scalability of private permissioned networks. LTO Network aims to empower organizations with the tools they need to digitize their business processes, reduce fraud, and improve operational efficiency.

Tokenomics and Issuance Price of LTO

The native token of the LTO Network is LTO, which serves several functions within the ecosystem:

• Transaction Fees: LTO is used to pay for transaction fees on the network, incentivizing nodes to validate and process transactions.
• Governance: LTO token holders participate in the network's governance through voting on protocol updates and project proposals.
• Staking: LTO can be staked to participate in consensus and earn rewards, contributing to the network's security and stability.

The issuance price of LTO was established during its initial coin offering (ICO) in 2017. During the ICO, 400 million LTO tokens were sold at a price of €0.02 per token, raising a total of €8 million.

Distribution of LTO Coins

The distribution of LTO coins is as follows:

• ICO (40%): 400 million LTO tokens were sold during the ICO.
• Founder's Reserve (20%): 200 million LTO tokens are reserved for the LTO Network team and early contributors, with a 5-year lockup period.
• Ecosystem Fund (15%): 150 million LTO tokens are allocated to support the growth and development of the LTO Network ecosystem.
• Community Pool (13%): 130 million LTO tokens are reserved for community initiatives, hackathons, and project grants.
• Pre-sale (10%): 100 million LTO tokens were sold in a private pre-sale prior to the ICO at a preferential rate.
• Advisors and Partners (2%): 20 million LTO tokens are allocated to advisors and partners who have supported the development and promotion of the network.

Use Cases and Value of LTO

LTO Network offers a range of use cases that can benefit organizations in various industries:

• Digital Signature Authentication: LTO's hybrid blockchain architecture allows for the creation of legally binding digital signatures, increasing the security and trustworthiness of digital contracts.
• Document Verification: LTO provides a decentralized platform for storing and verifying the authenticity of documents, reducing the risk of fraud and counterfeiting.
• Supply Chain Transparency: LTO enables the tracking of goods and materials through the supply chain, ensuring product provenance and preventing the introduction of counterfeit items.
• Identity Management: LTO's blockchain-based identity system allows for the secure and portable management of digital identities, simplifying user onboarding and authentication processes.
• Data Integrity: By leveraging blockchain's immutable ledger, LTO ensures the integrity and tamper-proof storage of sensitive data, such as medical records or financial transactions.

The value of LTO lies in its ability to provide organizations with a secure and efficient platform for the exchange of digital assets. By reducing fraud, improving transparency, and increasing operational efficiency, LTO Network empowers businesses to securely harness the benefits of blockchain technology in real-world applications.

FAQs

1. What is the current price of LTO?

The current price of LTO is subject to market fluctuations and can be tracked on cryptocurrency exchanges.

2. Where can I buy LTO tokens?

LTO tokens can be purchased on a variety of cryptocurrency exchanges, including Binance, KuCoin, and Uniswap.

3. Is LTO a good investment?

The investment potential of LTO is subject to market conditions and individual risk tolerance. It is important to conduct thorough research and consult with financial advisors before making any investment decisions.

4. What is the maximum supply of LTO tokens?

The maximum supply of LTO tokens is 600 million.

5. Is LTO a decentralized network?

LTO Network is a hybrid blockchain that combines elements of both centralized and decentralized architectures, balancing security and scalability.