LTO Network announces the launch of the Community Incentive Fund.
The Community Incentive Fund was born to empower the LTO Network community. The new scheme allows LTO Network to harness our highly engaged community and provide a structure to reward community activities that result in growth, further decentralization of activities and broader reach and opportunities for the network.
The fund has been developed in the form of 1,500,000 $LTO staked as a lease to the newly created node called "LTO Community Wallet". The proceeds of the lease will be distributed by the company in partnership with a core community committee.
The aim of the initiative is to provide funding for community delivered activities such as:
- High level content
- Community created network tools (i.e. Explorer)
- Partnership leads
- Community leadership
More details will be shared regularly in our Telegram community channel.
About LTO Network
LTO Network is Europe's most advanced blockchain project. It is fully decentralized and highly efficient. Currently it is used worldwide by businesses, governments and institutions like the UN, Dutch government and more.
The network has several technologies that can be used to provide solutions for decentralized data security, digital identities, privacy and the ownership of digital assets and digital collectibles.