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Market Performance
Info updated 1 year ago
Project Introduction
LTO Network has established itself as Europe’s leading blockchain with strong real-world usage. It was founded on B2B enterprise solutions such as decentralized workflows, data & document verification and authentication. In 2021, LTO Network’s COBALT mainnet update expanded this solid base with the addition of Decentralized Identifiers (DID) and Verifiable Credentials (VC), putting LTO Network on the road of becoming a true layer-1 blockchain. In turn, Decentralized Identities and Verifiable Credentials are at the core of LTO Network’s newest focus; NFT2.0 technology,
Performance
*All info & data are for reference only, not investment advice!
Lowest PriceHighest Price
$0.0129$0.0167
24h Volume125.019M LTO
24h Amount$1.793M
Volume Ratio
0.60
Circulating Market Cap$5.36M
Circulating Supply409.26M LTO
Supply453.4M LTO
Issue Price$0.0527(0.2 Multiple)
Historical High
$0.909--+1.44%
Historical Low
$0.0129--+101.55%
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LTO
LTO Network
#694
$0.0131
13.47%
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Timeline
Q2 2019 | Implement summary blocks. Verifiable certificates. Public key authentication. | |
Q1 2019 | Mainnet launch and crowdsale: kicking off with the ready-to-use product. Enabling anchoring for existing applications to LTO Network mainnet. Start migrating existing clients to decentralized workflows, bringing large adoption to the mainnet. | |
Dec 2018 | We organized an event in London together with The Next Web and QMUL, with speakers from Evernym (Sovrin), Simmons & Simmons, Cambridge, and Barclays. Arnold also spoke about GDPR at the DutchChain event. | |
Nov 2018 | We got to the finals of Dell EMC & Accenture competition yet again presenting to multiple potentials client leads. | |
Oct 2018 | After the first Real Estate contract on the blockchain with Merin, which was done in May 2018, we were awarded runner-up at Exporeal and REIN Innovation competition. | |
Aug 2018 | We validated and released new documentation: Sales Plan paper, Business Plan paper, Technical paper, Token Economy paper, and Token Financial paper. | |
Jul 2018 | After extensive research following up on the architecture of the new solution, we started switching to our own public chain and developed a new token model. | |
Jun 2018 | We launched the testnet solution with the Dutch and Belgian governments following up on the tender, and organized an event in our Amsterdam office together with NuCypher, POA Network, and others, who later on became our technical partners. | |
May 2018 | We started working with DEKRA, a European vehicle inspection company (insurance sector) with over 3 billion USD revenue in 2017, for their GDPR compliant solution. | |
April 2018 | We attended the biggest hackathon together with the WAVES team and were awarded ‘the best code’ prize from BlockChaingers. | |
March 2018 | We partnered up with CMS, a multinational law firm headquartered in London with 1.3 billion USD in revenue in 2017, for a joint project on tokenization of shares. | |
Feb 2018 | We won the European Union level tender by the Dutch government to streamline waste transportation among UK, Belgium, and the Netherlands using the blockchain technology. | |
Feb 2018 | We built a Proof of Concept of the new solution for the Ministry of Justice and Security, following up on the hackathon win of 2017. | |
Jan 2018 | We realized that our solution could solve the issue of GDPR compliance and blockchain compatibility, and we needed just a few tweaks to achieve that. That was going to extend the scope of our solution and allow us to focus on a big public sector market: enterprises, multinationals, and governments. | |
Dec 2017 | We were lucky to grow an enthusiastic community who believed in our vision: friends, fellow start-up founders around Europe, and some executives of local companies. With their help, we raised 1.4M USD for the seed round. | |
Sep 2017 | During the blockchain hackathon organized by the Dutch Ministry of Justice and Security, we demonstrated that a whole legal procedure can be digitized as an FSM and stored on the blockchain. This got us the 1st prize in the event which included the assignment to create the first digitized legal procedures for the Dutch legislative system on the blockchain. | |
May 2017 | We experimented with Ethereum Smart Contracts and found out that they could only be used for self-enforcing agreements. Inherent constraints make them unusable for legally binding contracts. Instead, we found a much better solution in using our FSM in combination with the blockchain. | |
Sep 2016 | We explored different methods of providing proof of signed documents. Other solution providers acted as trusted third party, using ISO certificates to portray their honesty. We wanted a better solution that didn’t rely on having to trust us, which we found in using blockchain for proof of existence. | |
Jan 2016 | We created software for FIRM24 to run the procedures for incorporations. Other customers were also interested in these digitized procedures. We did a small pivot, changing the focus to digitizing the contracts as FSM (Finite State Machine), rather than just signing. | |
May 2015 | The release of the first white label version of the LegalThings platform. This version introduced a document and form builder, a document management system, advanced user and permission management and digital signing. | |
May 2014 | LegalThings started in 2014 as platform to create, share and sign contracts in a digital way. After the success of our first company FIRM24.com, we believed that DTM (Document Transaction Management) would be the next big thing after ERP and CRM-systems. |
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