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LTO - LTO Network

Sophie avatar
Written by Sophie
Updated over a month ago
LTO

What is LTO?

LTO Network is a hybrid blockchain with a focus on privacy-aware applications, particularly where digital assets, ownership, and identity are concerned. It is also a development platform for securing, verifying, and exchanging enterprise information. It can be used by any company needing a blockchain allowing for digital verification of digital assets and enabling collaboration through the use of decentralized workflows.

LTO Network’s newest focus of Decentralized Identities and Verifiable Credentials are at its core. Through its new NFT2.0 technology, people truly own and manage their NFTs in a decentralized manner. This is not only more transparent but paves the way for inclusion and accessibility through a verifiable process that isn’t necessarily how the current structure works.

How to Deposit LTO Into Your Coinmetro Account

For all information on how to deposit LTO into your Coinmetro account, please see the following help center article:

As Coinmetro uses smart contracts for Ethereum and ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 55,000. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk of loss of assets caused by a too-low gas limit.

If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts or using a full ETH wallet as an intermediary.

How to Withdraw LTO From Your Coinmetro Account

For all information on how to withdraw LTO from your Coinmetro account, please see the following help center article:

Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be confirmed via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.

Withdrawals waiting for approval can be cancelled and the withdrawal status can be found by selecting the Wallet on your Coinmetro Dashboard. Please note that already-approved withdrawals cannot be canceled. If there is no Cancel button visible, this unfortunately means the withdrawal can no longer be canceled, and you will find a transaction ID (TXID) instead. This is a link to the relevant transaction hash on a Blockchain Explorer website where the status can be checked further.

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