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/biz/ - Business & Finance

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28603397 No.28603397 [Reply] [Original] [archived.moe]

Companies are already using it, UN partnership, GPDR compliant, and top 10 tx rate and the only one on the top 10 with less than a billion mcap.. solid deflationary tokenomics. Why the fuck are people not on this? Do biz just like pajeet coins and meme coins?

>> No.28603546

Trying to figure this out myself. Sitting on a 30k stack.

>> No.28603667

>Do biz just like pajeet coins and meme coins?


Slow and steady use cases are boring. Not complaining, though - lets the rest of us build stacks.

>> No.28603984
File: 40 KB, 657x527, 1612032045578.jpg [View same] [iqdb] [saucenao] [google] [report]

4.4k stacklet only with no way of increasing it

>> No.28604085

Incorrect. You can stake it.

>> No.28604194

Do you have to stake for a minimum amount of time? Like are they locked in and can't be unstaked for a period of time?

>> No.28604229

prove it

>> No.28604378

Because it is not some pajeet PnD coin that has the potential to moon 30301231% in 69 days.

It will be a steady, slow climb to top 20. But I guarantee it won't fly under the radar for much longer.

>> No.28604523

Nigger im sitting on a 41k stack. Get over it

>> No.28604545

You can lease any amount to an existing node if you don't have enough (100k) to run a node yourself. It costs 1 LTO to start the leasing contract. It also costs LTO to have the staking rewards sent to you. I haven't done the exact math but I assume you want at least 1000 for it to be worth it.

It also costs 1 LTO to cancel leasing which you can do at any time. Xeno is the /biz node and 99% of rewards are shared (most other nodes have a lower share around 95% or so).

>> No.28604568

hah, thought so.

>> No.28604571

There is literally no time limit. You can stake (technically lease) for as long as you want or as short as you want

>> No.28604638

No picture will satisfy you fudder. Ill take a screenshot of my lease, blur out my address, and you would call it photoshop.

>> No.28604685

wait fuck what, I need 100k for a node? Fuck nobody told me this shit. I need to DCA then to get to 100k fuuuuckkkkkkkk

>> No.28604757

You might have to wait a certain number of blocks before the lease counts (e.g. 1000 blocks, or about 16 hours) but otherwise no.

>> No.28604915

Just realised I'm reading all the LTO threads and they're all organic, no shillers or fudders. It's giving me good vibes anons.

>> No.28604925

Just lease to biz node fren

>> No.28605033

pass the joint dutch bro

we still early here

>> No.28605049

Will the APY always stay at 7% or is there a way, and if so how, that it can increase?

>> No.28605168
File: 55 KB, 216x234, oooooooooooo.png [View same] [iqdb] [saucenao] [google] [report]

>only a beautiful and easy to use bread-and-butter Business2Business solution for legacy systems

>literally no marketing

>> No.28605200

You can LEASE any amount fren, 100k to start a node to stake though. Just lease, you get the same rewards

>> No.28605366

ty, reading about leasing now my fren.

I take it we are all eurofags here?

>> No.28605604

mass transfer fees are 11 LTO, looking at todays stakes, most recipients had less than 11 LTO. Are they all getting shit on by staking or are these 11 LTO split up between all recipients?

>> No.28605610

Am burger, used VPN to buy from binance.

>> No.28605667

I want to buy this but it has already gone parabolic, im not sure
I never buy things that have 2x in a week

>> No.28605669

As I understand, the one sending it pays the transfer fees, so the owner of the biznode.

>> No.28605696


Neem een goede hijs broeder

>> No.28605714
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>> No.28605858

No im a burger but I went to Amsterdam once and did mushrooms at flevopark if that gets me any sort of cred

>> No.28605927

Look at market cap. Look at total circulating supply. Now remember half that supply is being leased RIGHT NOW.
I’m literally about to buy more and I bought my first at .17

>> No.28606038

I only have 300 LTO, how many should I have to be worth staking?

>> No.28606440

Reeeee, take out a loan nigger get this shit QUICK

>> No.28606464
File: 3.43 MB, 2000x4000, 1613176190530.jpg [View same] [iqdb] [saucenao] [google] [report]

Who knows, anon. I will spoon-feed them.

>> No.28606525
File: 423 KB, 981x579, 1613136282653.png [View same] [iqdb] [saucenao] [google] [report]

>> No.28606535

Same, but I'm hesitant to get onto this cause I'm still a poorfag and all in GRT which doesn't seem to be slowing down. I am keeping an eye on this though and might swap soon, since I'm under 2k GRT so no delegating there.
All these threads are giving me January-GRT-threads vibes.

>> No.28606658
File: 67 KB, 1280x568, Txs.jpg [View same] [iqdb] [saucenao] [google] [report]

>> No.28606707

So why would somebody run a node than? Is it safe to lease to biz node?

>> No.28606772
File: 3.30 MB, 2370x6000, uscas.png [View same] [iqdb] [saucenao] [google] [report]

>> No.28606775

Shh shh, keep quiet man this shit is underground right now, dont worry people will catch on and FOMO into it.

>> No.28606780

Yeah with leasing the coins stay in your wallet

>> No.28606830

Loow marketing, it's basically a b2b registry solution, that's not attractice to most crypto investors(aka adhd numaber chasers). It's not selling itself as the next crypto x10 because that's not their focus, despite the potential being there.

>> No.28606831

Leasing is safe in general in that it never leaves your wallet. Leasers are getting 95-98% of the network transaction rewards, the rest goes to the owner of the node.

>> No.28607010

Will I get compounding interests or do I have to manually release my rewards?

>> No.28607065

I just bought 1000 LTO, planning to hold 4 years. It's going to be painful if there is a BTC crash again, but long term potential is very good. How much is needed to stake?

>> No.28607068

I don’t think every node compounds. You’ll have to be sure to check out the specific node to see if it does

>> No.28607256

No minimum

>> No.28607264

So is it better to lease or start a node?

>> No.28607338

>CEO is known for scamming and pathological lying, has spent most of his childhood in psychiatric hospitals
>The issuance of the ERC-20 LTO tokens have a tradeable asset versus the staking asset. This could certainly flag the ERC-20 LTO token as a security at the SEC, and the resulting measures taken against the LTO Network would be anything but good. T
>The whole process of having three different tokens (native, ERC-20, and BEP-2) is confusing and unnecessary.
>The team claim to have been working on it for 6 years but their website was created 2 years ago
>LTO is centralized, slow, and the tokenomics are unsustainable if the price gets higher than $0.5 as it would force clients to pay much more than if they were using a regular a regular company.
>They are using IBM cloud to host empty PDF files and claim they have a partnership with IBM
>The token was only created to get funds in the ICO and could easily be replaced by a stablecoin
>Their only real partner is the government of Afghanistan, which has the 7th lowest GDP per capita of the entire world in 2020 according to the IMF
>Most if not all of their marketing budget goes into paying pajeets to shill their scam on /biz/ and Telegram
>There's no proof that all 60 clients LTO has are paying customers and the team didn't offer a free or discounted trial run to boost their numbers to make LTO more appealing to investors.
>In fact the CEO explained several times that they are giving free tokens to companies to try out their system, and you wouldn't know if these companies stopped using LTO and their transactions were replaced by fake ones.

>> No.28607375

How much can you earn staking 10k LTO?

>> No.28607417


Thanks bro.

By the way, who here is planning to hold through potential BTC crashes? What do we think LTO can recover to?

>> No.28607435

>IOTA will be able to perform LTO's entire usecase for free. LTO is a fork of waves which offers no real innovation and will be replaced by IOTA
>CEO is a long time friend of Jed McCaleb and Mark Karpelès, he was the mastermind behind the rise and fall of Mt. Gox
>Most members in the team are trainees with no experience, only the Lead Architect is talented but he was diagnosed with prostate cancer last month and is likely to pass away this year
>The parent company of LTO, Firm24 has lost customers and is close to bankruptcy after a scandal involving 2 employees who participated in child trafficking
>It's been proven that the team shares and publishes misleading information about the number of staked tokens and daily transactions
If you are a newfag and wonder if you should buy LTO or not, do yourself a favor and use filters to hide every LTO thread. Do not listen to the paid shills ITT unless you want to end up broke.

>> No.28607472

Depends on your stack. Everything under 100k probably better to lease. You will get 99% on the biz node

>> No.28607570

>3. What is the incentive to run my own full node instead of leasing my coins?

>More revenue if you have enough people leasing to you and payout is not 100%. Also you can provide services on LTO Network with your node. Running a node might be profitable later on but it's not at the moment. If it is it's only marginal.

how is this network supposed to run if there is no incentive to run a node?

>> No.28607641

Cheers bro. Yeah I was wondering what the benefits of running a node are vs leasing. If there’s benefit to try and get to a 100k stack even. Leasing will be the go to but was hoping an Lto anon might know ?

>> No.28607677
File: 6 KB, 261x163, IMG_1330.jpg [View same] [iqdb] [saucenao] [google] [report]

i just bought 50k
how do i find the /biz node i dont see it on this shitty google doc
thx frens

>> No.28607718

/biz/ even has it's own node

>> No.28607728

LTObros what is this

>> No.28607759

I don't think any of the nodes are 100% rewards unless they are private. So nodes are generating network rewards for the owner in the form of fees from people leasing to their nodes.

>> No.28607762

Can you stake or lease on Binance?

>> No.28607790

>literally a nameswapped FTM pasta

>> No.28607792


>> No.28607797

t. rakesh

>> No.28607830

He’s in every thread pasting the same pasta with no sources trying to FUD LTO.

>> No.28607855

Nope. Just cost 1lto as far as I'm aware.

>> No.28607902

Because It launched during a bear market.

>> No.28607911

Copypasta. Literally from a chainlink FUD

>> No.28608023
File: 196 KB, 500x333, 1612681955725.png [View same] [iqdb] [saucenao] [google] [report]

thx fren
just added 51750
may we all become exceedingly wealthy

>> No.28608146
File: 257 KB, 458x321, bogdanoff-dump-it-meme-1.png [View same] [iqdb] [saucenao] [google] [report]

I just swapped all my Rubic for LTO. now watch as Rubic moons like crazy while LTO gets hacked or FUDDED to 1 cent

>> No.28608283

Unpopular opinion, but RBC is just another exchange (token)
Market to get in is hard as fuck right now and imo the P2P trading is not user friendly at all.
Don't have either coins btw

>> No.28608336

Bros pls

>> No.28608529
File: 112 KB, 1024x768, Roll Indian Name.jpg [View same] [iqdb] [saucenao] [google] [report]


>> No.28608585

I truly never know wtf I'm doing, but you guys steered me right on Hedera and Graph so I'm in for 1K on this.
I'm a poorfag, so having 22.8K tied up in crypto is a lot for me. But I have no debt so worst case, I just keep being a wagie.

>> No.28608765

pls respond

>> No.28608966

Nah you gotta lease it thru the mainnet wallet. Directions should be in the OP

>> No.28609287
File: 157 KB, 1080x2220, 20210213_104700.jpg [View same] [iqdb] [saucenao] [google] [report]

Fuck you nigger. 27k being leased right now on biz node.

>> No.28609366


>> No.28609370

Thanks but nothing in the OP, maybe you are confusing with a LTO general thread if there is one. How many is worth leasing? 1k?

>> No.28609437


>LTO in 1.5min:
https://www.youtube.com/watch?v=Obj9GhhgE8M [Embed]
>3 min:
https://www.youtube.com/watch?v=F4B5w0j4IQQ&feature=emb_logo [Embed]
https://www.youtube.com/watch?v=zMa4HwgoeMI [Embed]


>ARTICLE: "An Obj. Look at LTO"
>ARTICLE: "LTO's Valuation"



>> No.28609445

based, gotta take risks to make money. I only just figured this out and am up $11,000 in two weeks. That's like 6 months of hard saving for me -it's crazy.

>> No.28609734

Looking to dump 10k into this. Can someone give me a TL;DR why this is a better investment than some other coin like LINK or COSMOS?

>> No.28609896

Checked fren

>> No.28610008
File: 362 KB, 839x768, 1611459432894.png [View same] [iqdb] [saucenao] [google] [report]

Link is a good investment. LTO is just undervalued, low mcap and has a promising future.

If you want safer gains, get Link - it will go up steadily. If you think LTO will moon soon / grow like 10x in the medium term, get LTO. Or, get both to diversify.

>> No.28610086


The price and the current use cases.


>> No.28610117

Thanks anon. My intuition tells me LTO is going to explode because of the low market cap. Going to go all in

>> No.28610252

Stupid question but isnt LTO similar to TRAC?

>> No.28610343

How to see how many transactions per day for every project? how do you know it's top 10

>> No.28610461

Alright I’m sold, now just to decide whether to wait for the dip

>> No.28610587

burger here, is the token address for LTO on uniswap legit? if not where to buy/swap it

>> No.28610596

4k stacklet here. RIce & Beans secured for eternity.

>> No.28610601
File: 18 KB, 1115x157, 3e5xxKT.png [View same] [iqdb] [saucenao] [google] [report]

ty biz node for 40 free el tios i have leased them instantly

>> No.28610678

There wont be a dip, unless like 1-2% is a dip. The only real dip was a couple hours ago when the BTC autism dump happened.

>> No.28610746

LTO is growing faster than all of the shitcoins I gambled on to make enough cash for a make it stack and now I'm stuck with just 5k LTO unless I get lucky with a shitcoin soon. Once LTO hits $1 I'm basically priced out though. So please invent some proper fud for this and spam it.

>> No.28610905
File: 236 KB, 1214x933, LTO The Riddler.jpg [View same] [iqdb] [saucenao] [google] [report]

Unfuddable I'm afraid. Just hope that Bitcoin crashes and we go down momentarily with it.

>> No.28610907
File: 134 KB, 868x752, 1612842088280.jpg [View same] [iqdb] [saucenao] [google] [report]

No FUD here sir. I have a lot invested in this.

>> No.28610945

So what exactly is gonna make this pop off? Just regular growth or some specific event?

>> No.28611137

Both. You can't predict when.

Coins moons randomly. Sometimes it's big news, other times it just kinda happens. They also grow fast and low mcaps just because we're ina bull run and people are acoomulating.

>> No.28611318

the potential for astronomical gains is there. Think of all of the shit coins with no proper working product that are pumped to stupid valuations. Then take the fact that this is already a real world use coin generating real money from paying clients. Compare that to other coins with similar txs but are not even close to generating the returns that this coin generates, then you get a price of $4 to $7, but wait!. Those other coins in that price range that don't really deserve those spots can be also be argued that it is because markets are forward looking, so the market cap can be argued by its future success. So that brings us back to LTO, where we can argues that based on its current success it should be around 4 to 7, but if markets are forward looking then based on its future potential success it can be multiples higher, lets say $10 to $20, and that's just with that they can accomplish in 1 year with more txs, more business' adopting it and scaling it higher (box.com), and integrating new features like DiD, and M&A. DYOR, but i came to this conclusion when it was around .14 cents and the fundamentals have just gotten better

>> No.28611325

More and more people will do the math

>> No.28611520
File: 126 KB, 655x636, IMG_20210213_171935.jpg [View same] [iqdb] [saucenao] [google] [report]

What are you?

>> No.28611656


I'll double down with gusto at that moment

>> No.28611733

Fuck off with these shitty ranks. This is not some pajeet pump and dump shit. Aside from that, the ranks aren't even remotely related to LTO. Keep this shit for Reef or something

>> No.28611910

Bigger fish hoping to be a seal by next week.

>> No.28611977

whales and dragons are 99% biz

>> No.28612115
File: 66 KB, 1080x1440, f78499a054919b40951f7d4f6cf50c2f.jpg [View same] [iqdb] [saucenao] [google] [report]

>People on /biz/ have $500K of LTO

How does one get so much money?

>> No.28612163

reddit ama on monday on alt street bets. Should see some growth are redditors flood in

>> No.28612354

trading up after years and going all in instead of gay pussy "diversity"

>> No.28612427


>> No.28612443

Still waiting on the michael burry/riddler gif.

>> No.28612445

>Diversify bad.

Having 2-3 coins is good retard, assuming you're playing with like $15-$20K

>> No.28612614

Pure shit ranking. When you know that lto is deflationnary and 10k lto is becoming a good bag.

>> No.28612683

its legit. I'm not sure if you can purchase LTO on any other exchange other than uniswap

>> No.28612793

Huobi has it

>> No.28612902

Good to know thanks for the heads up anon

>> No.28612926

I did uniswap as well with metamask to accumulate my stack. Its legit. When you go to lease your shit on lto wallet, you use the bridge interface to switch your tokens from b2b or erc20 to main net. Im a crayon eater and figured it out still.

>> No.28612992

you could say the same thing for Fantom. but usability is not = = price up

>> No.28613090

Bought it all on Binance desu, fuck gas fees

>> No.28613221

> Make it stack and being top 350 wallet makes you a seal

Hmm, doesn't seem right.

>> No.28613326

must not be from the us or using a vpn?

>> No.28613519

How does it help legacy systems? In what regard?

>> No.28613537

I have 920 LTO
Is it worth staking?
Or do I just hold?

>> No.28613750

I mean why wouldn't you stake it, it's free money.

If you're planning on long term holding that is.

>> No.28613954


Binance has it

>> No.28613993

isnt there a fee to start staking?

>> No.28614039

Does the reward for staking increase as the price of the token increases? According to the calc I could receive around 350usd per year, which is hardly worth the trouble.

>> No.28614216

like 1 LTO, very small fee and definitely worth it even for the short term

>> No.28614253

diverifying is cringe and for pussies like you
all in or nothing fag.

>> No.28614303
File: 72 KB, 687x536, pos-staking-reward-table.png [View same] [iqdb] [saucenao] [google] [report]

Right now LTO is on the Leased-PoS system, so pic releated is how APY is calculated. The primary variables are network traffic and amount of LTO that is being staked. Ultimately however LTO plans to transition to Leased-Proof-of-Importance, in which case APY for passive stakers will fall (but by then the price will probably be double digits.)

>> No.28614470

Am I the only one to think that fees are a bit steep? received a little above 5 coins today, but the fees were like 11 coins. Still nice to get some free LTOs but yeah.

>> No.28614494
File: 13 KB, 328x335, LTO90%.png [View same] [iqdb] [saucenao] [google] [report]

I'm something of a diversifier myself

>> No.28614576

Man, we really need to prioritize getting a few more retail traders to open their own node.

Changes to this shit requires a vote by node owners so at least we would have a bit more of a say before business takes over.

Don't get me wrong leased proof of importance will eventually be good as it'll drive the price of the token up as businesses get more rewards for using the network but I hope it's not mega early

>> No.28614738

so how do i send lto tokens from metamask to my lto wallet?

>> No.28614757
File: 1.45 MB, 2000x1415, economincsPaper.png [View same] [iqdb] [saucenao] [google] [report]

Apparently the companies currently using LTO have stated that, for their purposes, they would pay up to a $1.00 fiat per transaction. Right now the fee is $0.14. That means we probably don't have to worry about the network getting too expensive until LTO is about $2.80... But also, consider this: major partners who use the network are incentivized to run their own nodes and stake their own LTO...doing so allows them to effectively use the system for free...read pic related. DYOR on this, anon. Trust me this isn't a pajeet p&d LTO is a serious platform with seriously solid economic foundations.

>> No.28614800

the node operator pays the fees for reward distribution, so sit comfy

>> No.28614826

nvm figured it out

>> No.28614872
File: 65 KB, 875x620, biznode-oligarchy.jpg [View same] [iqdb] [saucenao] [google] [report]

We don't need more nodes because we have /ournode/...

>> No.28615049

Biz needs a 2nd node, newbies lease to it and we send our apy coins to it. Wont be long before a sui stack is out of reach for most anons never mind a make it stack.

>> No.28615070

just started leasing 1300 to the biz node. thanks for the tips frens.

>> No.28615132

You don't need 100k to start a node, the minimum is 1k. 100k is just the recommended minimum, because any lower and the staking rewards will be less than the cost of the server that the node runs. But with the recent increase in value, the breakeven amount might be less

>> No.28615237

Everything has 2xed this past week amigo

>> No.28615411

It costs 5 to withdraw from Binance, 1 to start a lease, 1 to end a lease, and 1 to send back to Binance. So that's 8 LTO in fees.

300 LTO will get you 21 in 1 year I'm staking rewards, if the return stays around 7%

>> No.28615901
File: 210 KB, 700x744, 8948948498498.png [View same] [iqdb] [saucenao] [google] [report]

Don't look at it from that perspective. This isn't a trade. This is a value opportunity from a fundamentals perspective. My belief is that the intrinsic value of LTO right now should be closer to $1bil mk cap. We're still barely past $100mil mk cap.

>> No.28615970

I'm not quite familiar with TRAC, but LTO integrates with current B2B systems, so on the business they don't have to re-learn new software.

Their main use-case is to anchor the hash of final B2B workflows, so both companies can trust that the other wont be able to forge the document (because otherwise, the hash won't match)

Averaging just over 100k transactions daily from real businesses using this process...and growing.

Box just bought SignRequest, one of the biggest clients on LTO. They spend about 150k LTO per month anchoring their signed documents to the network. Now imagine when Box offers this service to all of their clients...

>> No.28616286

Ahhh, so the fees are not LTOs that where due to be paid to me but were witheld. I get it now, extra comfy. Thanks Anon

>> No.28616405
File: 216 KB, 507x474, RainyDayForElton.png [View same] [iqdb] [saucenao] [google] [report]

never selling

>> No.28616712
File: 485 KB, 1066x576, 4848484.png [View same] [iqdb] [saucenao] [google] [report]

pic related from the "LTO in 3 min" video (ctl+f to find link here) says it all...an old boomer tier Windows XP system connecting to a public universal ledger system in order to share information in a GDPR compliant way...for those of us who work in large, bureaucracy institutions the appeal of this cannot be ignored.

>> No.28617208

3700 stack here

got my 1st LTO from leasing to xeno this week

if this shit 20x it's half a year of my salary lol

protip: QLC and OPCT are good for diversifying

>> No.28617859
File: 133 KB, 700x1064, 1597386083036.jpg [View same] [iqdb] [saucenao] [google] [report]

This or INJ?

>> No.28618145

Just started leasing my stack. Can't wait for my first reward. Comfy as fuck.

>> No.28618430
File: 854 KB, 1080x1340, Screenshot_20210202-111434_Telegram.png [View same] [iqdb] [saucenao] [google] [report]

Hope the id thing will be huge

>> No.28618533

Do the math.

>> No.28618703
File: 1.07 MB, 150x200, 1606495493973.gif [View same] [iqdb] [saucenao] [google] [report]

>decentralized derivatives and stocks
>blockchain email
I guess it was a stupid question, INJ it is.

>> No.28618976

You didnt do the math.

>> No.28619402
File: 215 KB, 1248x868, lto-plantation.png [View same] [iqdb] [saucenao] [google] [report]

>the year is 2027
>exponential network growth finally levels off for LTO
>all major partners and integraters run their own nodes
>they have bought up 85% of the LTO supply and use the network on a "Net-Zero" basis -- shareholders comfy
>their initial capital investment in their staked LTO sits on their Balance Sheets and has even appreciated in value -- shareholders comfy
>85% of staked LTO is therefore permanent removed from circulating supply
>only 15% of LTO supply is owned by passive-stakers who don't actually use the network
>this LTO is the primary source of supply for clients who want to expand their usage of the network, or for onboarding new clients
>be /biz/ node in 2021
>have done the math
>know what the end game is
>already own 10% of staked supply
>already own 5% of circulating supply
>diamond hands

>> No.28619759


>> No.28619769

Brainlet here, what's the pro to leasing on biz's node? I have 18k leased on they original node i started with 2 years ago and 2k on biz's node

>> No.28619874

Vitik sounds based.

>> No.28620177

Can someone aware me on the burry thing?

>> No.28620223

99% payout. Based af admin. Plus, its /ournode/...

>> No.28620323

Lol so def worth to cancel my original lease and move to xeno. Alright anon, thank you. Another 18k incoming to xeno

>> No.28620429

Slightly higher apy too from my understanding. Almost 7%

>> No.28620858
File: 202 KB, 512x512, smugELTONCHADBIGDICKOOOO.png [View same] [iqdb] [saucenao] [google] [report]

Xeno currently controls 9.8% of the circulating supply of LTO... welcome to the oligarchy

>> No.28620951

*staked supply, I should have said

>> No.28621816

He did the math on the US housing market. Riddler did the math on LTO.

>> No.28622413


>> No.28622969

El Tio has been defeated!

>> No.28623570
File: 292 KB, 860x880, big-brain-lto-vidt.png [View same] [iqdb] [saucenao] [google] [report]


>> No.28623780

Im all in on LTO and XLM. We gonna make it!

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