FAQ

Frequently Asked Questions

1. How much LTO do I need to start the mining process?

In order to activate mining, the node needs not less than 1000 LTO (for testnet we can always provide you with that, do not hesitate to contact us).

2. What is the current mainnet state?

Current mainnet state.

3. What is the incentive to run my own full node instead of leasing my coins?

More revenue if you have enough people leasing to you and payout is not 100%. Also you can provide services on LTO Network with your node. Running a node might be profitable later on but it's not at the moment. If it is it's only marginal.

4. I want to automatically send my tokens to multiple wallets on the LTO platform. Is there a program or bot?

Yes, there are payout scripts that node owners can use to pay leasers. These can also be used/adjusted to do other automated transfers, e.g., LTOLPoSDistributor. These scripts are provided and maintained by LTO community members.

5. How can I list my community node?

Services like universal wallet pull the information about community nodes from the LTO public blockchain. Please use a data transaction to set the meta properties for your node address.

The node_name and payout_sharingproperties are required. All other properties are optional. Additional settings from the community-proposed metadata standard may also be used.

Use either the LTO CLI Client or the REST API of your node to set the account data.

Store the node information in a JSON file.

{
  "node_name": "My node name",
  "node_description": "Full description about your node",
  "branding:logo_svg": "https://example.com/logo.svg",
  "website": "https://example.com",
  "social:telegram": "@telegram_handle",
  "social:twitter": "@twitter_handle",
  "payout_sharing": "95%",
  "payout_schedule": "Every week"
}

Install the LTO CLI Client and import the account using the seed phrase of your node. After that, you can set the account data.

lto account seed <<< "$LTO_WALLET_SEED"
lto data set < nodeinfo.json

Store the following JSON in a file on your server (eg nodeinfo.json). Change the sender and data values.

{
  "fee": "100000000",
  "sender": "NODE_ADDRESS",
  "data": [
   {
      "key": "node_name",
      "type": "string",
      "value": "My node name"
    },
    {
      "key": "node_description",
      "type": "string",
      "value": "Full description about your node"
    },
    {
      "key": "website",
      "type": "string",
      "value": "https://example.com"
    },
    {
      "key": "branding:logo_svg",
      "type": "string",
      "value": "https://example.com/logo.svg"
    },
    {
      "key": "social:telegram",
      "type": "string",
      "value": "@telegram_handle"
    },
    {
      "key": "social:twitter",
      "type": "string",
      "value": "@twitter_handle"
    },
    {
      "key": "payout_sharing",
      "type": "string",
      "value": "95%"
    },    
    {
      "key": "payout_schedule",
      "type": "string",
      "value": "Every week"
    }
  ]
}

To use the REST API of your node, you'll need your API Key (LTO_API_KEY environment variable).

curl -X POST http://localhost:6869/transactions/submit/data -d @nodeinfo.json -H "Authorization: bearer API_KEY" -H "Content-Type: application/json"

Additionally; the web wallet uses a static JSON file to list the community nodes for leasing. Please edit the file communityNodes.json on GitHub and issue a pull request.

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Last updated 1 year ago

hashtagFrequently Asked Questions

hashtag1. How much LTO do I need to start the mining process?

hashtag2. What is the current mainnet state?

hashtag3. What is the incentive to run my own full node instead of leasing my coins?

hashtag4. I want to automatically send my tokens to multiple wallets on the LTO platform. Is there a program or bot?

hashtag5. How can I list my community node?