Frequently Asked Questions

Do I need to verify my address with the telegram bot?

No! If you just lease, and cancel your lease after a while, your rewards will be automatically paid out! Note: this automatic payout will be done if you have no more open leases - so as long as you are leasing any amount, no payouts will be done.

Why would I register with the bot if it's not necessary?

The bot has a feature for a manual payout. Pressing this will pay out any outstanding rewards you may have earned up until that point, more or less instantly! So no need to wait for 4 weeks until you get your next payout, just pay out everything whenever you want! Lloyd the telegrambot can also give you charts, data and numbers regarding the rewards you have been earning so far. Real time! it's basically an awesome bot, we really recommend you check it out.

5% is quite high, why not ask for a lower commission?

Competing for leasers based on a lower commission than the next node is a dead-end street as far as LTOnod.es is concerned. There will always be a node ready to charge less than the previous node. We feel it suits us better to compete on service: great interface, great service, and features like auto compounding rewards and instant payouts. Additionally, leasing with us will help us run free services like LTOnod.es itself, the LTOnod.es api, open mainnet and testnet endpoints, network monitors and probably much more to come!