Average rating : HIGH
LTO Network enables organizations and governments to collaborate on equal footing by using trustless business processes.
Integrate existing apps and systems, increasing security and transparency while maintaining data privacy and GDPR compliance.
|Crowd-sale:||14 JAN - 16 Jan||ENDED|
Raised: 4,100,000 of 5,400,000USD ( 76%)
|Ticker:||LTO||Available for token sale:||42|
|Token type:||ERC20||Private-sale/pre-sale token price:||0.023USD/|
|Accepts:||ETH||Private-sale/pre-sale bonus:||30 / no info|
|Prototype:||PRODUCT + DEMO + TESTNET||Pre-sale min/max personal cap:|
|Team:||25 persons||Crowd-sale token price:||0.03 USD|
|Team residence:||Netherlands||Crowd-sale min/max personal cap:|
|Company residence:||Netherlands||Cant participate:|
Overall, we like the idea and tokenomics of the project. Hardcap is extremely low and reasonable: $5.2m for 42% of tokens that are divided between Private ($1.4m has already raised) and Public ($3.8m) sales.
LTO Network has publicly available testnet on their website and has already launched several successful pilots with several real companies. Mainnet to be launched together with the public sale in January.
They have notable partnerships with NuCypher, POA Network, Waves, CPChain. Moreover, they get mass awareness from the leading figures in the industry: ICODrops, MoNoico, Wolf Crypto, and we expect even more. All mentioned above will bring a lot of hype to the project and increase its investment potential.
The team is solid and experienced both in development and legal fields. Their Advisors and Partnerships will bring more clients to LTO Network in future.
LTO Network will issue ERC20 tokens with their own blockchain tokens (LTO) during the public sale. They can be converted in both ways through the token bridge. LTO Networks’ crowd sale will be conducted through Proportional Token Allocation model (like Fusion had).see more
Personally I think the LTO Network is one of the most advanced ICOs in terms of actuall business usecase and tech development that I have seen all year long. Last time I seen an ICO with such a potential was Power Ledger in 2017. Although I have not gone through all the integrators and are still waiting for the replies from several of their clients and partners, most things have already checked out.
The team has proved to be innovative and adaptive. I am very impressed by their troll bridge model as well as the legal fling marketing stunt. The amount of progress that the team has made since decemeber is impressive (well at least in the ICO space). LTO is a prime example of how Blockchain can be used to provide real world value. We hope that LTO will be the frontrunner in the first real utility tokens ever made. After evaluating all their clients and once their partners will be confirmed, we will personally invest in LTO Network.see more
LTO network has a very unique role in the blockchain industry, as there is still a missing spot in the regulatory compliance sector, especially with something as complex as the GDPR standard. Their approach is very disruptive as the demand for regulation on the crypto space grows, but it also manages to keep a low footprint on the traditional sector. This ensures a more inclusive way of introducing traditional players to the blockchain technology.
While their main use case is on the decentralized workflow system (which has many fields of application), their solution with the anchoring of partial data on the public chain has the potential to solve many problems that current networks face with privacy and compliance concerns.
We feel that LTO network has the potential to be a successful B2B platform, as they have experience in automating complex structures and workflows through the LegalThings Company. Considering that their MVP has around 70% of the code in production, we believe the team is competent enough to create a unitary product in the near future. Furthermore, they can take advantage of their established partnerships with international companies and institutions, as many of them are already testing the technology on various domains.
LTO has started off on the right foot, and if they manage to deliver a working product within a reasonable time, they will be able to retain a significant market share and quickly gain even more followers.see more
The project does not promise to blow your mind and build business 3–4–5.0, does not base its marketing on empty rhetorics, does not accelerate its blockchain to gazillions of TPS. LTO simply provides working tools for automating business processes, reduces costs, meets the requirements of European GDPR, and provides businesses with an additional layer of reliability and security thanks to the blockchain technology.
In addition to all the above, some other advantages are worth a mention:
- the implementation strategy that allows companies to use the product on the basis of existing centralized solutions (first on the basis of anchoring), subsequently switching to full decentralization and a complete solution from LTO.
- the degree of readiness of the product and its infrastructure. The team promises to announce major integrators after the end of the sale.
In the Jobs to be Done approach for product designers, there is the concept of “people hire products to get jobs done”, i.e. the idea that a person does not just buy a product, but kinda “hires” it to perform a specific task. A business, much like a person, does not purchase hyped-up start-ups in a pretty wrapper: a business purchases resources and tools to do its damn job.
While analyzing the project, our team saw the necessary incentives for further growth and product development. LTO carries the value and solution for the headache medium and large businesses have with the organization of internal and interorganizational activities.
Of course, we have some wishes for the marketing, as well as comments about working on the business message, the positioning and marketing strategies, but this is not directly related to the subject of our review. We will share our recommendations directly with the team.see more
|Midgard Research||8 out of 10|