Litecoin (LTC) Cryptocurrency Economic Model and General Information

What does it do?

Litecoin is a peer-to-peer cryptocurrency forked from Bitcoin. The transaction confirmation time is about 2.5 minutes on average.

Key Features

Open source and decentralized.

Nearly zero cost transfers.

Medium of commerce complementary to Bitcoin.

General information

Company Name Litecoin Foundation Ltd. Incorporation date April 3, 2017 Incorporation Address 111 NORTH BRIDGE ROAD

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PENINSULA PLAZA

SINGAPORE (179098) Website https://litecoin.com/en/

https://litecoin-foundation.org/ Blog https://blog.litecoin.org/ Phone n/a

Economic details

Crypto Currency Price (Euro) 24H % Change

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Initial Funding & Distribution Ticker LTC Token Type Cryptocurrency Total Supply Sold There was no ICO Total Amount Raised n/a Price During the Crowdsale n/a Hard Cap n/a Whitepaper n/a Initial Token Distribution n/a Distribution of Funds raised n/a Fork Date October 13, 2011 Sources: https://en.wikipedia.org/wiki/Litecoin

Top 100 Holders Collectively Own 41.66% (25,103,362.82 Tokens) of LTC.

Source: https://bitinfocharts.com/top-100-richest-litecoin-addresses.html

Social Media

Team

Title Name Linkedin Managing Board Director Charlie Lee Board Director Xinxi Wang Board Director Franklyn Richards Board Director Zing Yang Director of Operations Keith Yong Project Director David Schwartz Marketing & Communications John Eidson

Development

Total number of Commits 67 705 Commits (37 Repositories)

Partners

TokenPay – a payment platform.

Crypto Investor Summit – a blockchain conference.

CoolBitX – a company that created cold storage wallets.

UFC – an American mixed martial arts promotion company.

Aliant Payments Systems – an international mechant services and credit processing company.

TenX – a company that is providing global payments.

CoinGate – a cryptocurrency gateway.

HTC – a consumer electronics company.

Travala – travel booking platform.

Competitors

Bitcoin – a peer to peer technology based cryptocurrency.

Ethereum – a decentralized platform that runs smart contracts and it allows developers to create their own decentralize application.

Bitcoin Cash – a hard fork of Bitcoin with a protocol to fin on-chain capacity.

Stellar – an open source network used to facilitate cross-asset transfers of value.

Decred – a blockchain-based cryptocurrency with a fair system of checks and balances between all parties.

Potential market and clients

The potential of Litecoin adoption depends on the demand for cryptocurrencies in the future. In a scenario when Bitcoin becomes the new gold Litecoin plans to become a silver to it and serve as a medium of exchange.

Utility and economic dynamics