The Litecoin Foundation, a non-profit organization focused on promoting the adoption, education and development of Litecoin, was featured in the latest CryptoCurrencyWire Audio Production, a part of IBN’s (InvestorBrandNetwork) sustained effort to provide specialized content distribution via widespread syndication channels. Charlie Lee, creator of Litecoin and director of the Litecoin Foundation, joined the program to discuss recent endeavors as well as volatility of the crypto space and how Litecoin has maintained a strong position in the market. “One of the reasons [for Litecoin’s longevity] is its fair launch. There was no ICO. It was launched publicly. I had to mine or buy coins off of an exchange just like everyone else. Everyone had their chance to buy and mine Litecoin from the start. That really helped with the narrative that it’s just money for the people and not something to enrich a small group. A lot of the coins that have gone bust are those that had huge ICOs where the development teams took in hundreds of millions of dollars and didn’t do much with it. Since they already made their money, there’s no incentive to actually work on the project anymore, so a lot of those projects have died,” Lee explained. “Litecoin has been pretty steady, without a lot of hype. The network has been up-and-running for 11 years-plus with zero downtime. That’s kind of unheard of in this space. People use it every day for small payments and buying stuff, so the adoption rate has just gone up over the last 11 years without much of a break – unlike the price, which has been a roller coaster ride. Adoption has just been increasing over time.”
To view the full press release, visit https://ibn.fm/rx5Go
About the Litecoin Foundation
The Litecoin Foundation is a community-run non-profit organization whose mission is to advance Litecoin for the good of society, by developing and promoting state-of-the-art blockchain technologies. For more information, visit the organization’s website at www.Litecoin.net.
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