Introduction
Litecoin is basically the merchant's/investors digital currency since 2011 of its creation. As mass adoption is taking place, issues of speed, Scalability, high resources mining power etc arose.
That's why Litecoin Token was created to enable users enjoy an easy, affordable and efficient use-experience of Litecoin.
What makes it unique
Litecoin token (LTK) is a cryptocurrency that follows the true traits of digitalization
and decentralisation. It's not a fork of Litecoin, rather it has a more enhanced potential and usage.
LTK token strives to solve the problems and difficulty associated with massive crypto adoption.
LTK token is obtainable right now through community interest (self drop, airdops, and token holder incentives). This is to ensure great community building and numerous token holders which will enhance the opportunity to list in top 20 exchanges.
However, CMC has been applied to and soon enough, LTK token will be added. It's already registered on two exchanges to ensure liquidity, live on CoinGecko, coinco dex and etherscan verified.
How serious is LTK project?
LTK platform is an international project domiciled in the US. It's graced by various volunteer blockchain professionals who chose to remain anonymous due to some harsh regulations but are sworn to contribute their best for the success of this venture (just like Satoshi Nakamoto & Co).
It has already developed it's product such that its wallet app is in beta testing.
Is LTK token worth buying?
The answer is yes! Because you stand to gain alot at this initial giveaway price (minimum 0.01Eth=50m LTK).
What with it been listed on two exchanges plus more on the making.
There's also an incentive for LTK token holders. Just buy and hodl in your private wallet to receive a monthly 7% of your total holdings.
But it's also important to bear in mind the main goal of this project which is to provide a secured peer to peer form of payment gateways which might even make them swap to their own blockchain if need be.
So with the integration of more e-commerce platforms & DApps partnership, LTK token as a utility token will always grow exponentially in demand and value.
Features of LTK token platform
Open source- which will provide real trust & support other businesses, third party developers to embed their contents on LTK platform and hence, utilize it's token as a form of payment gateways.
Community run & maintained- this makes its maintainance cost effective and more productive. Community opinions are greatly appreciated and considered.
Mass adoption (huge continuous airdrops)- to encourage token acquisition, LTK platform has decided to airdrop a great percentage of its supply to community members to encourage crypto adoption and usage.
A little peek at the LTK token wallet
LTK token wallet is designed with a simple, neat and beautiful interface to allow for easy day to day payment usage. It utilizes a more sophisticated cryptographic protocols which ensures more security & safety of funds/personal data.
It has a swift blockchain confirmation of transactions and cross chain payments.
It also has an excellent API/UX.
LTK tokenomics
LTK token is an erc-20 based utility token of the LTK platform. It's total supply is 480b but only 10% of this figure will be quarterly released on exchanges/users.
Fifty percent is locked up and the rest is to be burned.
From the locked away figure, gas consumption from the platforms activities and another further burning will take place. Leaving us with a circulating supply of 84b LTK tokens (more details on the website).
Use cases
Horizonix is a religious based charity organization whose top/core donors are rewarded yearly, with ranks. The mode of payment is through bank transfers, wiring, western union etc.
Despite the incentives of awarding ranks to donors, the organization has reported a 40% decline in its usual donation receipts. A recent survey revealed that there are inconsistencies in the donation records. This has thus reduced the trust of donors who decided to keep their goodwill.
How can one donate $2500 in the first quarter of the year only to end up seeing his name published in the third quarter with the sum of $2200 only?
But alas it was all solved by incorporating LTK token as the mode of payment. Transparency and accuracy returned based on the time stamped transactions provided on the blockchain ledger.
How about Stephen, who built a students' recording App. He never knew that the app will be such a success and within four months of its launch, he has gotten 42m users but his problem is that his users are getting wearied with the cost of ethereum which isn't affordable to them as students and some would like to be sharing their records with friends.
When Stephen heard of LTK platform, he was so excited. He signed up with them, run a node and easily upgraded his App to enable sharing using LTK tokens. That's how he solved the issue of functionality and cost.
Now, Mongray is an e-commerce website that has strive to become popular over the years but it's based in Europe and prospective clients can't afford open a Euro account or PayPal inorder to make purchases.
The CEO was going through his social media page one weekend and saw lots of discussion about LTK token airdrops and after he researched further, he was able to counter his issues of centralization and cross border fees through the use of Smart contracts and LTK token payment solution.
Conclusion
LTK token is a long term project and not one of these exit scam ventures that has dominated everywhere with their surplus fake tokens.
According to the usefulness & popularity of a token/coin, market cap and ranks, it's very clear that the next bull run will show different new coin/tokens on the first page of CMC & other Cryptocurrency indicators.
I hereby request for your support to a great & better financial freedom!!.
For the roadmap, exchanges & more details, check out
https://ltk.community
https://twitter.com/litecoinltk
https://t.me/LTK_Community