LTO Network Coin & StealthEX AMA Recap – All You Need to Know
On December 9, 2021, we had StealthEX & LTO Network Coin AMA Session in our Telegram Community Chat and here is a recap. Just take a little time to read through and learn everything you need about LTO crypto. Let’s start!
Today, we are delighted to be joined by Shawn Naderi (@itsnaderi), the Chief Marketing Officer of LTO Network.
As usual, we will start off with the round of Twitter questions, with the chat being turned off for the time being.
Questions from Twitter
StealthEX: So without wasting any time, let’s plow ahead with the first Twitter question. Please take your time to reply 🙂
Q1: Are you building nodes in LTO Network? If so, Can a normal person (without programming experience) run a validation node?
Shawn Naderi: Yes! Anyone can run a node and be rewarded for their part in securing our network and being part of the ecosystem. It is slightly technical, but we welcome everyone who wants to join and be involved in creating their own node. I’ll share some resources below for those who are interested!
This should be the github and if you want to talk tech and get a helping hand from our community and team, you can hop into our tech chat Telegram. Also here’s a whole page with info on our nodes and staking.
Q2: Does LTO Network support cross-chain interoperability? Do you provide cross-chain support to ensure compatibility with other networks?
Shawn Naderi: Of course, our coin itself is bridged to BEP2 and ERC20 (you can do that via our online bridge). But I think a lot of people are looking at whether our NFT2.0 tech is going to be available cross-chain. The answer is… ABSOLUTELY! We actually have a partnership with ChainLINK and their technical team has been working with our devs to allow our NFT2.0 assets and our DID solutions (Decentralized Identifiers) to be made available cross-chain!
There are massive implications for this. Especially the DID solution being available cross-chain. Imagine taking your private digital identity with you wherever you go!
Q3: One of the main problems that NFT lovers face is the oversized valuation of NFT in the market. So how is the price of NFT determined in Notable and solves the problem of overstimulation? Does LTO have an Oracle system to estimate the value of the NFT?
Shawn Naderi: As a decentralized solution, our NFT2.0 tech means the asset itself is not self aware about its own value. It is agnostic to this.
Q4: Hi Shawn, we have seen some really cool marketing initiatives come along recently. Apart from spreading the visibility did they have success among new clients or developers as well?
Shawn Naderi: Good products market themselves. Our network has always attracted a savvy audience. The new marketing initiatives are really just communicating our ideas more clearly and openly. I haven’t had to do anything fancy other than just be really open about what we are doing, the rest sells itself.
Having a clear message that isn’t too technical has been really great for me showing our network to potential partners. They can understand really complex technology in a simple way which then lets us focus on making great ideas together.
Q5: How do you think the metaverse will adapt to the significant changes $LTO is bringing with NFT 2.0?
Shawn Naderi: There will be multiple metaverses. Some centralized, some decentralized and maybe they will all interoperate together. I believe that $LTO NFT2.0 will be the fabric that ties all of these metaverses together. Imagine having your favorite possessions and digital assets which were made to use in Metaverse A and then taking it to some kind of application in the REAL WORLD and then taking it with you to hang out in Metaverse.
Q6: With Maurits, you announced the addition of a new developer to the LTO team. What will be his main focus and what exactly was calling for expanding the team even further? 😉
Shawn Naderi: Our team is mostly focused on blockchain. We don’t want to be the ones building the apps. We want thousands of developers joining us. In fact, we invite them!! The idea is that our dev team is focused on making blockchain tech and making the platform really cool. So we have been hiring developers like Maurits who are keen to build next-generation blockchain tech and then we will create open-source demo apps which show off all of our technologies’ functionality.
Other developers can take these demo apps and adapt them to their specific needs. They will be there to inspire new ideas!
Q7: Are you planning to promote LTO project in countries/regions where English is not good? Do you have a local community for them to better understand your project?
Shawn Naderi: Yes, I personally cant wait to see how the innovations can only come out every corner of the world, solving problems that are unique to their own locality. A developer in Tokyo will have very different ideas on what they can make that will work in their local market than a developer in Nigeria.
We have a new website coming and we have started getting the core points of our message translated into various languages. We are also about to partake in some specific marketing activities for countries in which we don’t have a strong presence to date.
Q8: Is LTO Wallet functional for mobile devices? Or are you planning to design an app based on Android & iOS?
Shawn Naderi: OK I literally just got off the phone with Arnold (our amazing lead Developer/chief architect) about some crazy ideas we have for this. We are going to have a native iOS and Android (and also web) wallet for NFT2.0
It’s going to have some revolutionary features that we came up with last night, along with the ability to view, trade (peer 2 peer without a middle man) your NFT2.0 assets.
Live Questions
StealthEX: Wonderful, huge thank you for this amazing insight, Shawn! Now we will open up the chat for a couple of minutes. We will close it back down shortly after and you just select a couple of questions you like and take your time to reply.
Q1: Can you list 1-3 killer features of Your Project that make it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
Shawn Naderi: The fact that NFT2.0 tech is not possible on other platforms. due to our hybrid system, we have a unique proposition.
Q2: Security and anonymity are always prioritized by BlockChain projects in the development of project platforms and technologies. So, do you have any technological solutions or plans to enhance user trust in these issues?
Shawn Naderi: Yes, we have Decentralized Identifiers and verifiable Credential technologies. These allow you to be in full control of your digital identity.
Q3: Are you planning to promote your project in countries / regions where English is not good? Do you have a local community for them to better understand your project?
Shawn Naderi: We actually have a lot of multilingual communities. You can come to our main channel and learn from there. It’s our official Telegram!!!
Q4: Do you have any NFT plans and their integration ahead in the roadmap? Also, do you have any passive income options and incentivization rewards for long-term holders?
Shawn Naderi: Yes, we have staking for long-term holders. we are working on bringing more staking options as well 🙂
As for NFT, check out our NFT2.0 roadmap.
Q5: Can you share with us your tokenomics? How much is the total and circulation supply of your tokens? Will there be buyback system or token burning in the future?
Shawn Naderi: Come hang in our Telegram!
Q6: Where can I buy your tokens now, what are your current contracts address and how can I buy them and what are the benefits?
Shawn Naderi: We are on KuCoin and Binance (except USA) come join our Telegram if you need more help.
Q7: Which one of these aspects is important for you? 1-Increasing Token Price & Value 2-Empowering Platform Development 3-Building Community Trust 4-Expanding Partnership Globally In what order?
Shawn Naderi: I started out as a community member, so I will always work to make sure they are happy with our efforts and know they are invested in a project that wants their interests.
The rest are all equally important
Q8: How did you get the community involved in developing the project? and how do you build a strong community to grow globally?
Shawn Naderi: We lead by example. The community sees how hard we work, how much effort we put in. Our team is the most transparent in all of Crypto. This makes the community excited and want to match our efforts with theirs.
Q9: What is your strongest advantage that you think will make your team leading the market?
Shawn Naderi: Me 😛
Q10: What major partnerships does your project intend to use or how does your project bring its products to the average consumer – especially non-crypto users?
Shawn Naderi: We have some significant partnerships coming up that will showcase NFT2.0 use cases. These are partnerships with well-known entities in entertainment.
Q11: While you build your project, do you take into account community feedback and demands? While you build your project, do you take into account community feedback and demands?
Shawn Naderi: Our first focus is to make the technology as useful and world-changing as possible. Generally, I find the community and our interests align really well, so we don’t have too many issues balancing these.
Q12: I am an EXPERIENCED DEVELOPER AND ETHICAL HACKER, do you have plans for HACKATHON so as to check the security of your ecosystem periodically and also invite developers to build?
Shawn Naderi: We are looking at some things like this as we seek to attract more developers, but I just want to say that the job title of Ethical Hacker sounds awesome haha
Q13: Many projects have problems with UI / UX and this one turns off new users. How do you plan to improve the interaction with new users and with users outside the crypto space?
Shawn Naderi: My rule is, I have to be able to explain all this stuff to my mum.
Q14: So many projects just like to speak about the “long term vision and mission” but what are your short terms objectives? What are you focusing right now?
Shawn Naderi: Our NFT2.0 roadmap.
StealthEX: That was it, folks! A huge thank you to Shawn for being a part of this AMA and providing so much important information. That was a greatly detailed and informative insight into the LTO network and we can’t wait for the continued success and progress of your project. You got us very excited about what you are cooking! 😋
Thank you, everyone, for coming and we hope you all have a wonderful weekend!
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