LTO Bridge Updates

Transparency, Accountability, and On-Chain Verifiability

In the past week, we've completed a significant update to the LTO bridge infrastructure, focused on improving transparency, accountability, and, most importantly, on-chain verifiability of the token supply.

While the LTO bridge has always operated with correct and verifiable accounting internally, this information was stored in the bridge's internal database. With the latest changes, all relevant supply information is now fully reflected on-chain, making it independently auditable by the community and ecosystem partners.

Why This Matters

Blockchain is about trust through verification. By exposing bridge accounting on-chain:

• Everyone can verify that the bridge supply exactly matches the wrapped token supply on Ethereum and BSc.
• Surplus tokens held by the bridge have been removed.
• The total amount of tokens on mainnet matches the total supply as listed on CoinMarketCap and CoinGecko.

Key Actions Taken

✨ 1. Pruning of Intermediate Wallets

The bridge uses temporary (intermediate) wallets for token swaps. These tokens should be pruned when the bridge transaction is processed. However, this did not always happen correctly, causing these tokens to remain in the intermediate wallets.

The intermediate wallets are always under bridge control, and the bridge tracks tokens on these addresses internally. But this was not clearly visible on-chain.

The following measures have been taken to ensure that the bridge supply exactly matches the wrapped token supply.

• ERC20 (Ethereum): 351 intermediate addresses were forced through the two-step confirmation process. The token balance on these addresses was automatically burned. → on-chain proof.
• Old ERC20 contract: 267 intermediate wallets had received tokens before they were marked as such. These tokens have been burned, and the addresses have been registered as intermediate on-chain. → on-chain proof.
• BEP20 (BSc): The bridge tracks intermediate wallets and controls them off-chain. The balances of 30 intermediate addresses have been burned by sending them to 0x000000000000000000000000000000000000dEaD. → on-chain proof.
• Mainnet: Intermediate LTO wallets holding tokens were consolidated. All balances were transferred to the bridge wallet.

Issues that caused intermediary wallets to hold tokens have been solved. Balances will be monitored regularly to ensure a similar situation will not occur in the future.

🔥 2. Burning Surplus Tokens

After consolidating all intermediate balances and reconciling wrapped supply:

• A surplus of 26,714,015 LTO remained in the bridge wallet.
• These tokens were burned on-chain to ensure the bridge balance exactly matches the amount of wrapped LTO in circulation.

→ Burn transaction on LTO mainnet

✅ 3. Stats and Supply Now Publicly Verifiable

We’ve added public endpoints to expose key supply information:

• Bridge Stats: https://bridge.lto.network/stats
• Token Supply: https://bridge.lto.network/stats/token-supply

These show:

• Total wrapped supply per network
• Mainnet circulating supply
• Burned tokens
• Pending burns and lost tokens
• Full audit trail of balances

The mainnet supply can be obtained using the /supply endpoint of any LTO node.

Wrapped Supply Breakdown (Post Cleanup)

Ethereum (ERC20)

• Contract: 0xd01409314acb3b245cea9500ece3f6fd4d70ea30
• Circulating: ~98.3M LTO

Ethereum (Old ERC20)

• Contract: 0x3db6ba6ab6f95efed1a6e794cad492faaabf294d
• Circulating: ~11.4M LTO

BNB Smart Chain (BEP20)

• Contract: 0x857b222fc79e1cbbf8ca5f78cb133d1b7cf34bbd
• Circulating: ~39.5M LTO

BNB Beacon Chain (BEP2)

• Asset: LTO-BDF
• Reserved: ~0.8M LTO (claimable via the BNB chain recovery tool)

Mainnet Bridge Wallet

• Address: 3JugjxT51cTjWAsgnQK4SpmMqK6qua1VpXH
• Balance: ~150M LTO (exactly matches total wrapped supply)

What’s Next

• Binance is scheduled to convert its BEP20 holdings (over 80% of BEP20 supply) to LTO mainnet and will drop support for the BEP20 wrapped token.
• The BEP20 contract is effectively sunset — holders are encouraged to bridge to mainnet using the web wallet.
• Bridge logic and stats will continue to evolve with transparency and decentralization in mind.

Final Thoughts

This effort ensures that wrapped LTO tokens are exactly backed 1:1 by mainnet LTO in the bridge wallet.

This is now visible and provable on-chain.

We’re proud to provide this level of clarity and encourage the community to explore the data themselves.

About LTO Network

LTO Network is a privacy-aware Layer-1 blockchain for Real World Assets, Data Security, and Identity Solutions.

Our platform is designed for business process efficiency and security. It combines a public layer for transparency and a private layer for data security, ensuring GDPR and MiCA compliance. This dual-layer approach makes it ideal for enterprises requiring data privacy and regulatory adherence.

LTO Network also offers tokenization of RWAs through their Ownables technology, enabling assets to be brought on-chain and allowing them to interact with the world of DeFi and Web3.

LTO Network's KYC services help maintain compliance with anti-money laundering laws and offer Proof-of-Humanity services to protect Web3 and DeFi platforms from bots.

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