LTO

LTOLTO

LTO Network
$0.028638
+10.57%
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  • Market Cap
    -
  • 24h Vol (Global)
    ฿0 ($989)
  • Circulating Supply
    -
  • Issue Date
    2019-01-17
  • Issue Price
    $0.030000
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
453,824,073-2019-01-17$0.030000BitcoinNG/LPOI1
explorer.lto.network
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
48,083,980SHA256http://github.com/legalthingshttps://lto.networkCOIN

Hybrid blockchain for B2B: combining private and public blockchains to solve the issues of data silos and data integrity. Scalable, GDPR compliant and open-source! Digitalization and automation of business processes offer great benefits in terms of productivity and cost reduction. However, organizations struggle to tap into these benefits for inter-organizational processes, partly due to a lack of trust. Bitcoin has proven how blockchain uses distribution and cryptography to provide a system that does not rely on trust. LTO Network builds upon this foundation taking a hybrid approach with its blockchain solution. Private layer is intended for Live Contracts, ad-hoc permissionless private chains, each with their own workflow logic. Every Live Contract rests upon its own miniature chain. The logic in each miniature chain is defined as Finite State Machine, making it understandable for both humans and machines. Essentially any deterministic inter-party process or legal agreement can be automated as a Live Contract: supply chain, third-party data handling, real estate lease agreements, etc. The data from private chains does not get exposed to the public chain, instead, events happening at the private layer are anchored to the permissionless public chain. The public layer acts as a security settlement layer, like an immutable digital notary for hashes. This hybrid approach takes the best from the two worlds: decentralization of the public chain due to token incentives - and data privacy of private chains. Combined, it makes LTO Network GDPR compliant, scalable, and allows for seamless adoption.

Teams
    Ivan Golovko

    Ivan Golovko

    CMO

    Ivan is co-founder of Distributed Fund (Alliance) and is advisor to VITE. Former CMO of ICODrops. Ivan brings his experience in product positioning, community management, and investor relations.

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    Sven Stam

    Sven Stam

    CTO

    Sven has 15+ years of experience. He holds a masters degree in Artificial Intelligence with a specialization in Distributed Systems.

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    Arnold Daniels

    Arnold Daniels

    Lead Architect

    Arnold is a software engineer with over 20 years of experience and a certified AWS architect. Arnold is a former Lead Software Engineer at Cloud9 IDE (acquired by Amazon in 2016).

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    Rick Schmitz

    Rick Schmitz

    CEO

    Rick has been a Private Equity and M&A Tax lawyer at both PwC and Deloitte. Rick is also the founder of the successful Dutch startup Firm24 and LegalThings.

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ICO
ICO Date
ICO Raised Date2019-01-13
ICO end date2019-01-15
ICO Supply Amount
ICO Token/Coin Supply33182178 LTO
Hardcap5250000 USDT
Softcap3100000 USDT
Supply Change
Total Supply Change Before ICO33182178 LTO
Total Supply Change After ICO72500000 LTO
ICO Amount
ICO price0.03 USDT
Actual Fundraising4124000 USDT
AcceptingETH
Introduction

Hybrid blockchain for B2B: combining private and public blockchains to solve the issues of data silos and data integrity. Scalable, GDPR compliant and open-source! Digitalization and automation of business processes offer great benefits in terms of productivity and cost reduction. However, organizations struggle to tap into these benefits for inter-organizational processes, partly due to a lack of trust. Bitcoin has proven how blockchain uses distribution and cryptography to provide a system that does not rely on trust. LTO Network builds upon this foundation taking a hybrid approach with its blockchain solution. Private layer is intended for Live Contracts, ad-hoc permissionless private chains, each with their own workflow logic. Every Live Contract rests upon its own miniature chain. The logic in each miniature chain is defined as Finite State Machine, making it understandable for both humans and machines. Essentially any deterministic inter-party process or legal agreement can be automated as a Live Contract: supply chain, third-party data handling, real estate lease agreements, etc. The data from private chains does not get exposed to the public chain, instead, events happening at the private layer are anchored to the permissionless public chain. The public layer acts as a security settlement layer, like an immutable digital notary for hashes. This hybrid approach takes the best from the two worlds: decentralization of the public chain due to token incentives - and data privacy of private chains. Combined, it makes LTO Network GDPR compliant, scalable, and allows for seamless adoption.

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