Torque Lounge AMA with LTO Network

January 7th, the LTO Network team was invited by Torque Ventures to do an AMA (Ask Me Anything) in their Torque Telegram Lounge.

Q: Hi Rick I ask every company this firstly why are you doing an utility ICO offering rather then other traditional means of raising funds(selling equity)

A: Good question Samme. It is quite an extensive answer So here you go: We have a new approach to blockchain adoption — unlike other projects. We build the network, make things open-source and then we are no longer in control. We remain as one of the company integrators, but the blockchain to show its true potential (decentralized database) has to be permissionless to really serve as that decentralized notary. We are doing that with the new staking model, favouring users of the network. And the adoption model resembles what Docker has with open source.