Review on Litecred by Benedict Patrick
My review on litecred and it amazing features.
Litecred(LTRC) is a cryptocurrency that supports multiple users on a simple blockchain. Being a versatile cryptocurrency,it supports users by enabling them to get access of generating their own LTCR coin through a simple process of mining. However, mining is paramount for every blockchain advancement and also it is essential for effective functioning of the blockchain and as such, without mining their will exist no practical blockchain network or even the entire system.
However, the experience from trade got me to realise that LTCR is an elastic but unstable currency as well. On the 12th of June,2020 which was my first deal in the year,I was already on the platform before 9:04 Pm precisely but only to figure out that the current price of LTCR is about $0.0001964 with a traded volume of $0.000001(a very low value). Furthermore, comparing it active price value for today you will observe that it has been able to earn value to the coin. However,the newly marched value for the coin becomes $0.000883 USD with $1.80e-7 USD. In addition to this,during the week precisely 48hours from now, it made a declining shift towards 2.82%.
Nevertheless,amongst all these features, it still remains ranked figuratively from other cryptocurrency on the blockchain network with an active market transcription coupled with a void trade in the last 45hours since the market kick started.
More so, litecred has a pre-defined characteristic of self-funding development through block subsidy of 10% for each minted block. It might interest you to know that these 10% subsidy is most times usable at the earlier stage of development but as time goes on,it will become achieved through a pow end and by this means you will be able to receive around 0.8% per month. However, this currency has no developer premine at launch therefore funds are collected through simple mining.
Updated 3 years ago
Rating changed from 5 to 4
Most or virtually all cryptocurrency are centralized but litecred is decentralised that is, it is not controlled by one single block chain technologies and it has recent update with more bonus awards for users. It provides Giftcards and easy more pay mining now which you can check out on the site and it has currently settled Technical issues and advanced the site background.
Pros
- Minning intensive.
- Collective powered blockchain security for it users.
- It is a self funded cryptocurrency that is it doesn't merge with others as a partnership investment.
- Trust and reliable support team.
- It offers 10% subsidy for each minted blockchain.
Cons
- It adopts no negative influence.
