LTO Network (LTO) is a hybrid layer-1 blockchain that combines public and private layers to bridge the gap between real-world and digital ownership, decentralized identities, and privacy. It is designed for securing, verifying, and exchanging enterprise information, offering a high-performance, transparent, secure, and low-cost solution for businesses and organizations. The network utilizes Leased Proof of Stake (LPoS) consensus and supports various use cases, including supply chain management, identity verification, and digital collectibles.
The LTO Network (LTO) is a hybrid blockchain platform designed for business-to-business functionalities. The native token, LTO, plays a crucial role in the network's operation and revenue generation. Here are the primary ways LTO is used:
Payment and Fees: LTO tokens are used to pay for transactions, smart-contract gas fees, and staking operations within the network.
Staking and Governance: Users can participate in staking by holding LTO tokens, which helps secure the network and earn rewards. The staking mechanism is based on Leased-Proof-of-Stake, allowing anyone to participate without needing to run a node.
Voting and Governance: LTO tokens are used for voting in on-chain governance, giving holders a say in the network's decision-making processes.
Business Workflows and Automation: The LTO Network enables the creation of decentralized workflows and automates business processes through its Live Contracts feature. This allows organizations to share and validate agreements on the network without relying on third-party intermediaries.
Data Sharing and Verification: The network facilitates the secure sharing of data between organizations using private blockchains and public ledger validation. This ensures the integrity and immutability of data while maintaining privacy.
Decentralized Identity Management: LTO Network provides decentralized identity management, allowing users to control their digital identities and data securely.
- Investment and Trading: LTO tokens can be bought, sold, and traded on various exchanges, providing an investment opportunity for users.
Overall, the LTO Network leverages its native token to create a robust and secure platform for businesses to collaborate, automate workflows, and manage data in a decentralized manner.
To store LTO Network (LTO) tokens, you can use the LTO Web Wallet, which is a non-custodial wallet that operates fully on the client side. This means that your accounts are stored locally, encrypted, and secured with a password. You can create an account by going to the LTO Web Wallet website, clicking on "Create Account," and following the prompts to set up your wallet. The wallet allows you to transfer native LTO coins, lease them, anchor document hashes to the LTO Network blockchain, and utilize the bridge to swap tokens to other networks like Ethereum and Binance Smart Chain.
Additionally, you can also store your LTO tokens using a Ledger device. To do this, you need to install the LTO Network app on your Ledger device and connect it to Ledger Live.
To buy LTO Network (LTO) tokens, follow these steps:
Create an Account:
- Register on a cryptocurrency exchange like Coinbase, Pionex, or other exchanges that support LTO Network.
- Complete the Know-Your-Customer (KYC) verification process to ensure compliance with regulations.
Choose a Payment Method:
- Select a payment method that suits you, such as:
- Credit Card or Debit Card: A simple and instant method for new users.
- Bank Deposit: Transfer fiat money from your bank account to the exchange via SWIFT.
- P2P Trading: Buy LTO directly from other users on the exchange.
- Third-Party Payment: Check the exchange's FAQ for available options.
- Select a payment method that suits you, such as:
Confirm Your Order:
- Fund your exchange account with the chosen payment method.
- Authenticate your account.
- Purchase LTO Network tokens at the current market rate or set a specific price using different order types (Market Order, Stop Order, Limit Order).
- Store or Use Your LTO:
- Hold your LTO tokens in your exchange wallet or transfer them to a personal cryptocurrency wallet like Trust Wallet, Ledger device, or Atomic Wallet.
- You can trade LTO for other cryptocurrencies, stake it for passive income, or use it for transactions on the LTO Network.
For detailed guides and specific exchange instructions, refer to the resources provided by the exchanges, such as Pionex or BitScreener.