Review on LitecoinToken by Stephen Toluwani
A scam project that plagiarized the name of Litecoin with no utility
You don't expect to build a project that is already established on its own chan on another chain that is much more slower than the parent chain from which you are plagiarizing the name from. I guess that's the framework to the collapse of the Litecoin token. The project took up the name of the famous Litecoin and built it on Ethereum, not as a bridge but as a standalone token. With the congestion of the Ethereum Blockchain, high fees that it charges, as compared to Litecoin itself you will see why this project was not deemed fit for success.
Today the project has been completely abandoned. All social media handles for the project has been deleted or left abandoned. Even it's landing page for it's website is also closed out. It's even okay to say this was a scam project as it came With no utility worth speaking of
Pros
- There is no positive comment here
Cons
- The project is dead and inactive
- The website is also down and social media handles are closed out
- There was no utility for the token even as it builds on another chain
- It plagiarized the Litecoin name and still didn't bring any use case
