According to the announcement, trading for LTO/BNB, LTO/BTC and LTO/USDT kicked off at 9:00 am (EST). Since that time, the price of LTO has surged. The altcoin is now up around 54.5% on the day to $0.105753, giving it a $19.8 million market cap.
As part of the new listing, Binance will be conducting an LTO airdrop based on the amount of LTO tokens deposited by each user. The airdrop has five tiers with the top tier giving users a 20% bonus on their deposit. This is likely part of an effort to increase the liquidity of the small-cap altcoin.
About LTO Network
LTO Network is building both a private blockchain layer for data sharing and process automation, in addition to a public layer for global security settlement. The project believes this combination will help push forward adoption from corporate entities looking to benefit from blockchain technology in a more controlled environment.
Related: Binance Research LTO Network Report
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.