If you have just bought LTO, you probably have tokens in an exchange
or in any ERC20 Ethereum
or Binance wallet
.
LTO uses a triple hybrid token
model, in which tokens can exist as Ethereum tokens, Binance tokens or as LTO Mainnet tokens. The tokens utility is in the Ethereum/Binance blockchain for trading and in LTO Network mainnet for real use.
Being said this, seems logical that you need to move your tokens to a LTO mainnet wallet
. To do that, just create a new wallet in wallet.lto.network
Please save carefully the seed words of your new wallet, if you lost them, funds will be lost forever!
Once you have your wallet created, you need to move your LTO tokens
there.
To do this, you can send from any exchange
that supports the LTO Network mainnet (Binance, Bitmax) or using the built-in bridge
function located on the left of the wallet. All the process is guided being really simple.
Warning!
Sending your tokens from Ethereum or Bep2 will result in a loss of your tokens.
Now that you have your tokens in the LTO wallet, we can consider to lease them. To lease, click on the lease function of the wallet, located also on the left, and click on start lease
.
The recipient is the following node address:
3Jq3F3njrrR1ZvM3JhwLX2Sh56LQDtuEyu9
copy
In the amount field, introduce the amount you want to lease.
Notice that there is 1 LTO transfer fee, so the maximum you can lease is the available amount minus one
.
Remember that the funds never leave your wallet, they remain in your possession.
It is recommended to open the Telegram bot @SmartWorkflowBot
and configure your LTO address here. You will be able to see if the lease is correct, your leasing statistics
, withdraw
earned LTO, etc. Your address will be linked to your Telegram account.
Please note that new leases take 1000 blocks
(16h 40min) to become active
. Until then, the bot will tell you that the lease is not active.
The bot usage is straightforward, you just need to paste your address once and then you will be able to see a panel with your current data and a button to withdraw at any moment.