LTO Network - Hero About

About LTO Network

“The most devoted and tech savvy bunch of whizzkids I have ever met”

- Sandor Klein (VP of Sysdig)

Top 15

blockchains worldwide

100k+

daily transactions

90+

nodes (avg 30 days)

60+

ecosystem partners

MISSION STATEMENT

Making blockchain integration easy in every organization

The LTO Network team is on a mission to create and maintain a fully decentralized and highly efficient blockchain infrastructure, directly applicable and aimed at creating value for organizations.

LTO Network can be used by any company with a need for a production-ready blockchain that allows for digital verification of digital assets and enabling collaboration through the use of decentralized workflows.

Meet the team

Get to know the rock stars who only have one goal in mind: the global adoption of LTO Network.

Rick Schmitz
Rick Schmitz CHIEF EXECUTIVE OFFICER
Martijn Migchelsen
Martijn Migchelsen CHIEF FINANCIAL OFFICER
Arnold Daniels
Arnold Daniels Lead Architect
Sven Stam
Sven Stam CHIEF TECHNICAL OFFICER
Christian Zhang
Christian Zhang CHIEF MARKETING OFFICER
Bruno Duarte Brito
Bruno Duarte Brito SR Blockchain developer
Kaloyan Tanev
Kaloyan Tanev Blockchain developer
Andrea Scorza
Andrea Scorza Blockchain developer
Jiang Jie Hu
Jiang Jie Hu Ecosystem V - Asia
Moesjarraf Jahangier
Moesjarraf Jahangier SR Backend Developer
Renato Cardoso
Renato Cardoso Lead Frontend Developer
Manolis Sinadinakis
Manolis Sinadinakis Frontend Developer
Mitchel Kerckhaert
Mitchel Kerckhaert Developer
Michael Nieveld
Michael Nieveld Legal & Tax
Lise Kate Palmer
Lisa Kate Palmer Agent

Timeline & Roadmap

2014

2014 - Q4

LegalThings is incorporated

LegalThings is created as a spin-off of FIRM24. LegalThings provides a software suite for building documents and digital signing.

2016

2016 - Q1

Workflow engine v1.0

The LegalThings workflow engine is released. The first version powers the FIRM24 procedures for incorporations. Others clients start using the engine for digitizing the contracts as FSM (Finite State Machine) and complex signing procedures.

2017

2017 - Q3

Hackathon winner by the Dutch Ministry of Justice

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.

2018

2018- Q1

Launch of LTO Network & seed sale

LegalThings becomes LTO Network. The private layer is released, depending on Waves as public layer, featuring a modified version of the workflow engine. $1.4MM was raised during the seed sale.

2018 - Q3

Pilot for Waste Transportation

LTO launches a decentralized solution for automated permit checks in assignment of the Dutch and Belgian ministry of interiors. This marks the first time LTO Network is used in a production environment.

2019

2019 - Q1

Mainnet launch and crowd sale

The LTO Network mainnet is launched; a modified fork of Waves. We close the last round of token sale, raising almost $1MM from the crowd sale and $1.6MM from the private sale. LTO is listed on BitMax.

2019 - Q3

NEN preferred blockchain

LTO Network becomes the preferred blockchain of the NEN; The Royal Dutch institute for normalization and standards.

2020

2020 - Q1

Binance lists LTO Network

LTO Network is selected by Binance for free listing. Initially only ERC20 and BEP2 are supported and Binance now have LTO mainnet tokens available. LTO is also listed by LiteBit and BitMax.

2020 - Q2

fillthedoc & LetsFlow

fillthedoc is launched, a standalone product that anchors on LTO Network. The workflow engine is rebranded as LetsFlow and separated from the LTO private layer.

2020 - Q2

Associations and sponsored accounts

The first major mainnet upgrade, adding two transaction types: associations and sponsored accounts.

2020 - Q2

Governance improvement,🔥 burning 50M LTO

LTO Network burns all 50 million tokens held by the foundation, which is 11% of the total supply.

2020 - Q3

Staking on Binance and BitMax

Exchanges Binance and BitMax launch locked staking programs for LTO as alternative to staking and leasing on mainnet using a community node.

2020 - Q3

Deflationary token economics

With the second major mainnet update, LTO Network switches to a deflationary model. For every transaction, part of the fee is burned.

2020 - Q4

United Nations land registry

United Nations and LTO Network release world’s first open-source land registry. The land registry solution is handed to the Afghan Government by the UN Human Settlements Programme Afghanistan.

2020 - Q4

LTOxVIDT merger

LTO Network and VIDT Datalink join forces to become the front-to-back B2B blockchain solution. Both tokens will continue to exists and serve different purposes.

2021

2021 - Q1

100.000 daily transactions

LTO Network reaches the milestone of 100.000 daily transactions, becoming the 12th most used public blockchain according to Coinstats.

2021 - Q1

LTO Identity node

Launch of the LTO Identity node, supporting Decentralized Identifiers (DIDs).

UPCOMING

2021 - Q2

Public chain upgrade

LTO mainnet will supports ECDSA cryptographic algorithm for all transactions. New features for mainnet like sponsored fees.

2021 - Q3

Cross-chain DIDs

The identity platform will be able to generate and index DIDs of other blockchains, like Ethereum. More complex DIDs can be created using associations.

2021 - Q3

Cross-chain associations

LTO can be used by DeFi projects to meet KYC regulations, partnering with Chainlink as oracle network.

2021 - Q4

Public certificate support on mainnet

New transaction type on mainnet, allowing organizations to publish X.509 certificates on-chain. LTO mainnet will support addition cryptographic algorithms like EdDSA and RSA.

2022

2022 - Q1

Identity workflows

The LTO private layer can be used in combination with the identity platform to give individuals full control over their personal data. Projects can meet GDPR requirements.

2022

LTO Network v3 - DeFi

LTO Network enters the DeFi space, bridging the gap between traditional finance and crypto.

The LTO Mentality

Community Love

Community Love

We believe that an open-source mentality is the new way to a successful business. With our community behind us, we can grow faster than any other company.
Get Things Done

Get things done

We are determined to reach our goals and work towards them with extreme attention to detail. Working smart is not that hard.
Great rewards

Great rewards

Working should be fun too. Try to beat us at a game of football or have a good glass of wine with us on a Friday afternoon.
Run a node

Run a node

Set up a node on your local machine or in the cloud. It only takes minutes.

Stake LTO

Stake LTO

Become a validator on mainnet and share the deflationary network rewards.

Get involved

Get involved

Chat, discuss, participate.
We have an awesome community!