Ankr & LTO Network AMA Recap

Ankr & LTO Network AMA Recap

CryptoDiffer team

Hello, everyone!

We are glad to meet here:

Marco Robustelli (@Marco_Ankr),  CMO at Ankr

Ivan Golovko (@ivangbi), CMO at LTO Networ

Marco Robustelli CMO at Ankr

Hey guys! Great to be here.

CryptoDiffer team

Let`s start from the first introduction question:

Q1: Can you introduce yourself to the community?

 

Marco Robustelli CMO at Ankr

So I am based in Amsterdam and responsible for marketing at Ankr. We work in a distributed team all over the world. First of all I am happy to say that everyone in our team is safe and healthy and all WFH. 

 

Ivan Golovko CMO at LTO Network

I think I was here before but will also intro. We are all based on Amsterdam but of course with a big global community of supportive members.

Also WFH for over a week – but we are used to this, so it’s not new. Besides, we are in the B2B sector in terms of solution demand, and haven’t seen any major negative movements here

 

CryptoDiffer team

Q2: How do you know each other? Can you briefly tell us about your joint collaboration between LTO and Ankr? What goals do you aim to achieve?

Marco Robustelli CMO at Ankr

I saw the project evolving and it really took a flight in late 2018, I have invested personally in the ICO early 2019 and been following the project closely ever since. They have made very nice progress since then!

Ivan Golovko CMO at LTO Network

Ankr made a very cool and sexy app which is easy for community to use – so it was a no-brainer for us.

Nice UX and great support really make the entry level for blockchain tech aspects lower and easier 🙂

 

CryptoDiffer team

Ok, sirs, thanks for such detailed and interesting answers!

Let’s go to the community questions part.

Cryptodiffer Community

My question for LTO is: I have listened to your project since July and I see that they have made good progress, especially serious ones, but are there real testimonies of use cases that are working in an important way?

Ivan Golovko CMO at LTO Network

Thank you for following us, appreciate it! And if you did, you checked the use cases page with real world clients, quotes, dashboards, solutions – so the question is self-explanatory sir 🙂 https://ltonetwork.com/use-cases/

Cryptodiffer Community

What are all the use cases that you are targeting on in the future?

Marco Robustelli CMO at Ankr

Our major use case at this moment in on-click blockchain node hosting. This use case has our focus for now and we see a lot of growth in this

Cryptodiffer Community

For LTO: What makes running a LTO network node better than running a node of other coins?

For ANKR: What makes running nodes on top of Ankr better than AWS, Google Cloud, Azure etc?

Ivan Golovko CMO at LTO Network

Running a node and staking has become a meme – because projects do brrrr money printer

With LTO, rewards are actually economically sustained by usage and real demand

https://blog.ltonetwork.com/staking-and-leasing-lto-network-node-guide/

Higher usage means more LTO tokens are utilized, growing network value. Check out the list of use cases: ltonetwork.com/use-cases

Marco Robustelli CMO at Ankr

– With the Ankr one-click deployment application, it takes literally less than 5 minutes to deploy your blockchain node. No need to go through any documentation or pricing setup at a public cloud provider.

– There is zero technical knowledge required to set up any blockchain node on the Ankr cloud, which makes it much easier for community members to contribute to the goal of decentralizing the network.

– Ankr is much cheaper. You will save up to 80% of your hosting costs from public cloud providers such as Amazon AWS and DigitalOcean.

– You can pay the costs for node hosting not only with credit card, but also with several cryptocurrencies, such as ANKR and USDT and even more tokens will be added in the future.

– Ankr blockchain support specialists provide support 24/7 in all timezones around the globe across several platforms such as Telegram and our brand-new Discord group.

Cryptodiffer Community

1. Non inflationary staking depends on network utility, what are LTO actions to increase it day by day? How has been the experience on ANKR cloud?

2. Which other alliances does ANKR have, would you update us in new projects that are currentoy building nodes on ANKR platform?

Marco Robustelli CMO at Ankr

Good questions. I will take the 2nd one… We are working together with many many blockchain projects to implement their node hosting in our one-click solutions and bringing them to the communitis together. If you look at our announcements channel you will find the likes of Matic, TomoChain, Binance Chain and Edgeware there, but there are many more to come!

Cryptodiffer Community

How is your cashflow? Given the rigorious market situation, can you still cover your cost?

Marco Robustelli CMO at Ankr

As we have major part of our funds in fiat, we have secured our runway for the next few years, don’t worry, Ankr is here to stay!

Ivan Golovko CMO at LTO Network

LTO is B2B real-world focused, so we are barely affected. Since we are revenue making, we have cash flows and do not rely on token proceeds. This is how good companies survive in such conditions.

Cryptodiffer Community

Why did ANKR choose Collaboration with LTO?

What are the advantage of this collaboration?

Marco Robustelli CMO at Ankr

We have been big fans of their project and we know that LTO has a very active community which contains many potential node hosts. Also, the collaboration is pretty easy as we can just visit each others offices and discuss the campaign etc.. well, before the current situation with the virus that was 🙂

Cryptodiffer Community

Other than LTO, which other projects using Ankr blockchain node hosting solutions?

Marco Robustelli CMO at Ankr

There are many projects using our solutions, not only blockchain projects like Matic, Harmony, Vite, Edgeware and many more, but also exchanges such as Biki, investment funds and we are in talks with some big custody providers as they all need the infrastructure to host their nodes.

Cryptodiffer Community

Q: Currently attracting real users and mass Adoption is a problem for Blockchain projects. So how will LTO & ANKR solve this problem?

Q2: What is your marketing strategy? What are your expectations for the LTO & ANKR project in the cryptocurrency world in 2020?

Marco Robustelli CMO at Ankr

If we look at the campaign we are running together with LTO we see that there is more than enough interest in using our product, we have increased the LTO public nodes by almost 100% in a few weeks, because we make it cheap, easy and attractive to host a blockchain node,even people with no technical knowledge can doit. Ilke Ivan said, great UX and a real use case.

Cryptodiffer Community

Why does Ankr decide to cooperate with LTO Network but not the others? Other than tech, what other fields both parties could help each other?

Marco Robustelli CMO at Ankr

We are cooperating with around 40 projects, please check our website https://www.ankr.com/

Cryptodiffer Community

Q1. How can a novice set up an LTO Public Node on the Ankr cloud? 

Q2. Does it require technical expertise and is there any need to go through any documentation or pricing setup at a public cloud provider?

Marco Robustelli CMO at Ankr

This is a great question actually.
We have made it so easy that there is zero technical knowledge necessary to host a node on Ankr. We have a very intuitive UX and for help we provide step-by-step tutorials, please take a look at our web application https://app.ankr.com/ and find out that is is really super super easy!

Also we have recomended pricing, which is the lowest pricing on the market, but if you want hgher specs you can easily increase. So if you use all recomended specs there is no hassle with any pricing setup at all!

Cryptodiffer Community

Explain more about ANKR CLOUD and how LTO has successfully been able to run a node on it? What are the benefits for Long term holders on the ANKR cloud

What is the Comparative advantage for me to stake my LTO on ANKR cloud?what are the returns like and how secure is it?

Marco Robustelli CMO at Ankr

It is easier and cheaper to run your node and stake LTO on Ankr, as we utilize idle resources and have created the one-click deployment application.

Cryptodiffer Community

Hybrid model of Blockchains ( e.g LTO) can be split into the local cyctems for private event chains, then every actor can be attacked. How do you prevent this scenario in LTO??

Ivan Golovko CMO at LTO Network

mmm let’s roll back a bit

your environment is usually private anyway – sure, you can rely on a hosting provider, but then you are not in control. so why use blockchain?

by decoupling the layers, every individual actor has control over their own data

what you are describing it’s not a bug, it;s a feature

Cryptodiffer Community

Adoption is really a headache problem of any blockchain projects and many still prefer centralized system. What special about LTO and Ankr’s technology that can help to alleviate this problem?

Marco Robustelli CMO at Ankr

We leverage our mutual communities, which are very active in the space, and provide them easy to use, intuitive tools to cater to their needs. Staking was the hype of 2019 and will surely continue in 2020 and people can use our solutions to participate and have better roi than at any other provider!

Cryptodiffer Community

Why should a blockchain project choose node hosting solution from Ankr but not from others or do it themselves?

Marco Robustelli CMO at Ankr

Also if they host the nodes themselves, Ankr is a far more economic choice than for example AWS or DigitalOcean. Some projects such as Matic and Harmony host their own nodes on Ankr.

Cryptodiffer Community

Why did LTO and ANKR choose Ethereum smart contract?

Marco Robustelli CMO at Ankr

We actually have a native Ankr chain with smart contracts based on Tendermint. The ERC-20 token is used mainly for trading purposes, until exchanges will swap to our mainnet token.

Cryptodiffer Community

Why does ANKR have 3 types of tokens: ERC20 (Ethereum), BEP2 (Binance Chain), Ankr Chain (Native Token)?  What is the role of each of these token types?

Marco Robustelli CMO at Ankr

The BEP-2 and ERC-20 tokens are for trading purposes and easy to integrate on exchanges. In this way we serve all token traders out there. Later this year we will swap to Ankr native token with the help of major exchanges and the ERC and BEP tokens will be phased out.

Cryptodiffer Community

The financial markets, cryptos market … all fell due to the covid-19 epidemic. Does this affect your project development plan?

Marco Robustelli CMO at Ankr

We are lucky to have all our team members across the world still healthy at this moment. We are also blessed to work in this industry, where everyone can work from their homes. So we are actually even more productive and all speak to each other via Zoom and GoogleHangouts on a daily basis.

Cryptodiffer Community

Will a regular person be able to run a validator node as long as they have the required staking amount & the required hardware specs?

Marco Robustelli CMO at Ankr

Yes, you can!

Cryptodiffer Community

What do you think will be the outcome of this partnership?

Marco Robustelli CMO at Ankr

That w further strengthen and decentralize the LTO network by adding more public nodes to the network.

Cryptodiffer Community

What benefits will people get for paying in Ankr tokens to use your services?

Marco Robustelli CMO at Ankr

You can deposit Ankr tokens in your wallet and pay-as-you-go, instead of paying a month in advance. The smart contract will trigger a warning when your wallet is depleting and you can easily top it up from our web application.

Cryptodiffer Community

1) How are reimbursement offers for users offered by Ankr managed during the campaign?

2) What would be the percentage level with which the efficiency of the LTO network nodes is defined?

Marco Robustelli CMO at Ankr

We will airdrop 1 month worth of LTO hosting in Ankr tokens to all participants who have paid for at least 1 month of hosting the LTO node at Ankr. This is the cashback part of the campaign.

Please a note that the billing for LTO nodes starts on March 25th so you all need to have enough credit on your account for the first month of hosting, which is 10 USD worth of ANKR of USDT.

 

Cryptodiffer Community

1. How easy is it to configure a public node through the Ankr application?

Marco Robustelli CMO at Ankr

It is extreely easy, check it out yourself at https://app.ankr.com

Cryptodiffer Community

Even if the bearmarket appeared again, are you as a project ready to meet the challenge?

What is the greatest innovation made by LTO Network, ANKR, and together?

Marco Robustelli CMO at Ankr

We are ore than ready as we are generating revenues from our node hosting solutions and have secured our runway for the years to come.

Cryptodiffer Community

How many LTO nodes have already been launched on the ANKR Cloud? Where can i see some statistics regarding it? I there any tracker?

Ivan Golovko CMO at LTO Network

Over 50 nodes, you can check lto.tools for more stats! And ofc @LTOtech for all the techy questions

Marco Robustelli CMO at Ankr

That is an increase of almost 100%, am I correct?

Ivan Golovko CMO at LTO Network

Ye in terms of the number of nodes, from 65 to 120 approx.

Marco Robustelli CMO at Ankr

This is exactly why we chose to work with LTO, they have such an active community.

Ivan Golovko CMO at LTO Network

You guys have a very clean and cool solution, so glad to have the campaign launch in 2 days!

Cryptodiffer TEAM

Thanks for your time Marco Robustelli (@Marco_Ankr) & Ivan Golovko (@ivangbi).

let’s finish the AMA.

It was a pleasure to conduct an AMA with Ankr & LTO Network !!!

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