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 #08-19 PENINSULA PLAZA SINGAPORE (179098)
Website	https://litecoin.com/en/ https://litecoin-foundation.org/
Blog	https://blog.litecoin.org/
Phone	n/a

Economic details

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Crypto Currency	Price (Euro)	24H % Change

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

Source: https://www.litecoinblockhalf.com/

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

LTC can be used as a transfer of value.
LTC is also used to pay the fees.