Hi LTOnauts. Crypto has taken a beating today and some projects are fighting for their survival. To be clear.
11 May 2022, 17:05
Hi LTOnauts.
Crypto has taken a beating today and some projects are fighting for their survival. To be clear; LTO Network is not one of them.
Of course we would like to see our token trading at a higher price. But the project is doing fine regardless.
While we hoped the good times would continue, we've prepared for this eventuality. We have been extremely prudent of late, limiting our spending to a minimum. For example we did not organize any parties this year, nor engaged in any new sponsorship deals. Instead we keept the money in the bank.
This means we have healthy reserves. We can easily last another 5 years without the need of outside investments or selling tokens.
So whatever happens next in the crypto market, we're not going anywhere.