We’re actually excited to be working along with our long-time mates of LTO Community on additional decentralizing their blockchain on our distributed cloud! As you might need heard by now, our present focus lies on adoption of our product with the primary giant use case of blockchain node internet hosting, nonetheless a topic which is difficult to grasp for a lot of.
Staking has been a buzzword of 2019 and is gaining a number of traction additionally in 2020. Staking can also be an essential element of the LTO Community. Our job at Ankr is to make staking by way of your personal node, and even change into a validator, straightforward and accessible for everybody.
Ideally, neighborhood members of any blockchain challenge run a whole lot (or 1000’s) nodes of their favorite blockchain to contribute to it and finally earn rewards by staking their tokens.
However in actuality, adoption continues to be far-off, and nearly all of nodes are hosted by the corporate itself, which brings a number of important drawbacks, corresponding to excessive cloud bills for the initiatives and exposing the community to a single level of failure.
Ankr’s one-click node internet hosting options are aimed toward fixing these points by eradicating any limitations for neighborhood members to host nodes and earn staking rewards for his or her challenge of alternative.
At Ankr we now have entry to idle assets from information facilities owned by a number of the largest enterprises on the planet, at very favorable costs, as they monetize their overcapacity via our cloud platform.
So, what may very well be a greater use case to kickstart our platform and on the identical time profit our blockchain companions and their communities? Precisely, run your blockchain nodes on our distributed cloud platform and save as much as 70% from well-known public cloud suppliers corresponding to Amazon AWS and DigitalOcean.
So, how about LTO?
About LTO Community
LTO Community is an Amsterdam-born firm that began in 2015. Utilizing its hybrid blockchain know-how, LTO Community tackles enterprises and B2B purchasers. Having over 30 purchasers and integrators like NEN, SignRequest, ScanTrust, and others . LTO Community can also be working with Odyssey on open-source adoption and developer neighborhood enlargement in Europe.
A number of dwell use circumstances make the most of LTO token on LTO mainnet which makes use of Proof of Stake mannequin. As there is no such thing as a inflation, charges paid for by purchasers and integrators are the rewards for stakers and nodes. Working with integrators, LTO Community faucets into present consumer bases and brings extra exercise to its mainnet with a number of income streams for stakers.
Ankr has created a easy utility, which is accessible in our node market and can be utilized by neighborhood members to arrange their LTO public node in only a few straightforward clicks!
It has been an absolute pleasure working collectively! Our neighborhood members gave suggestions on the LTO app, and labored side-by-side with Ankr builders who made the app beautiful and really easy to make use of. Anticipating a number of extra nodes added to LTO mainnet! And general more than happy to see Ankr broaden.
Ivan Golovko, CMO of LTO Community
Why run your LTO Public Node on Ankr?
There are literally a few good causes to do that!
- With the Ankr one-click deployment utility, it takes actually lower than 5 minutes to deploy your node. No must undergo any documentation or pricing setup at a public cloud supplier.
- There’s zero technical data required to arrange an LTO Public Node on the Ankr cloud, which makes it a lot simpler for neighborhood members to contribute to the objective of decentralizing the LTO Community.
- Ankr is the most cost effective internet hosting resolution on the market. You’ll be able to host your LTO Public Node for 10 USD monthly!
- You’ll be able to pay the prices for node internet hosting not solely with bank card, but additionally with a number of cryptocurrencies, corresponding to ANKR and USDT.
- Ankr blockchain assist specialists present assist 24/7 in all timezones across the globe via our brand-new Discord group.
And we now have an superior marketing campaign for you!
Share a pool of 100,000 LTO rewards and get one month free internet hosting!
To rejoice our collaboration, we now have ready a marketing campaign which is aimed toward additional decentralizing and strengthening the LTO Community and adoption of Ankr’s node internet hosting utility.
LTO has dedicated a reward pool of 100,000 LTO tokens for all neighborhood members who run an LTO Public Node for a interval of at the least one month. Because of this you’ll not solely earn staking rewards with the tokens supplied by LTO, however additionally, you will change into the proprietor of those tokens! On prime of that, Ankr will present a money again in ANKR tokens for the primary month of internet hosting prices for these nodes.
To learn the way to be eligible for the LTO rewards, please try their article right here: https://blog.ltonetwork.com/ankr-node-hosting-competition/
Solely individuals who have a operating node on March 15th and proceed to run the node till at the least April 15th will probably be rewarded!
What do it’s important to do?
- Arrange the LTO Public Node on Ankr
- Tweet about how straightforward it was, with a screenshot and #StakeYourLTO and @Ankr
- Fill on this Google type
- After we now have obtained your cost for the primary month of internet hosting, Ankr will airdrop this quantity in Ankr tokens to your Ankr pockets
Tips on how to arrange the node?
That is truly so tremendous straightforward, you don’t even want a tutorial!
However we now have ready one however, you’ll find it right here.
You’ll want to have your LTO pockets prepared, and in case you observe the really helpful setup, you’ll be executed in actually one-click!
In the intervening time our service continues to be in free trial till March 15th, all contributors will probably be seen earlier than the primary cost must be executed.
Be part of us at Blockchain Past the Hype Occasion in Amsterdam
LTO has organized a particular networking occasion tonight, February 27th, along with some mates from the Dutch crypto area. Ankr is attending the occasion, the place the marketing campaign is offered to the viewers. If you’re searching for a final minute invite, please pm @Marco_Ankr on Telegram.