If you’ve bought LTO then you can maximize your earnings by staking your tokens.
Most exchanges are currently trading the tokens in ERC-20 format, but you’ll need mainnet LTO tokens if you want to stake them.
Fortunately, they’re easy to swap, and we’ll cover that too.
Buy some LTO
If you haven’t already got some, you can buy some from an exchange. You can use Uniswap to buy LTO if it’s not available on your favourite exchange.
LTO is also available on Binance (our favourite exchange of all). And trades against BTC & USDT.
Create an LTO mainnet wallet
Go to the LTO mainnet wallet site. Then create a new wallet.
They’ll ask for a wallet name and password, and they’ll give you a seed phrase. Store all of these in a safe place.
Exchange ERC-20/BEP-2 LTO for MAINNET LTO (if required)
In the wallet, go to the Bridge tab.
Here you can exchange your ERC-20 or BEP-2 tokens to real LTO.
In my case, I had ERC-20 LTO. They will give a notice that you’ll be charged 10 LTO, which is a fair network fee.
Click next and they’ll generate an ERC-20 LTO address for exchange.
Then send funds to the wallet so they can perform the swap. I sent mine via MetaMask.
After waiting on the transaction, my coins eventually arrived and were swapped by the LTO network wallet’s bridge. The transaction was pretty fast.
After pending, we can see the tokens arrived, and the 10 LTO fee was subtracted as we had previously agreed too.
Send LTO to your wallet
If you went through the Bridge process above, ignore this step.
You can find you wallet address at the top of wallet dashboard. Send your funds here.
Note, do not send funds to my wallet by accident, everyone’s wallet address is different. Though, if you do want to donate, feel free!
Start Staking (Leasing)
Go to the Leasing tab. And here you’ll be able to start leasing.
Leasing allows you to delegate (lease) your tokens to a node. The node will then pay the rewards.
There are numerous nodes that you can choose from. Each node has different payout approaches.
You can check the LTO node list, and payout information, on LTO’s Google Sheet.
I personally chose Stakely.io, as they automatically compound earnings and withdrawals are automated.
You’re charged a fee of 1 LTO to begin staking.
We’re then able to monitor our staked funds!
First buy some LTO. If it’s ERC-20 and BEP-2 format, don’t worry.
Create an LTO mainnet wallet.
Convert your LTO to mainnet LTO if required, otherwise just send to your wallet.
Then lease (stake) your LTO to an LTO node.