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Following the steps of the great Satoshi Nakamoto , looking back in time , how far we have come in the path to self-sustained financial liberty and independence and decentralization , following Satoshi's vision of an ever evolving and sustainable cryptographic solution to the changing world a currency that will adapt to the technological changes and advancements , let me introduce you to LiterCoin.
LiterCoin will be a coin backed by its community and starting off initially with QUBIT Algorithm, thus it will evolve as and when technological advancements occur to sustain its ASIC resistance quality.
With QUBIT Algorithm consuming lesser electricity, less heat dissipation and ofcourse conserves electricity and energy, cooler gpus and greener.
It will have a 2% Premine from its 1 Million Total Supply Coinage, 1.5% will be offered to the community to invest on at the Initial Community Investment Offering (ICIO) to be a part of conserving and sustain this Coin and benefit the same.
The reason for the lowered amount of initial distribution and premine is due to the fact that having many coins in the initial distribution and circulation will have adverse effects on the later markets of the coin when trading, where price can manipulated by a large number of entities and also keeping the amount of initial distributed coins to a lesser number it will be much more less strain on the markets and hardly a dumping effect.
The set price for the initial is due to the fact that putting a bar as in a standard for it to grow in price, once the coin is released and the updates that it will have on it will have a direct effect on its price thus it would be over X10 or X100 times your investment in the next months to come, please refer to the roadmap below for our plans to be implemented right after the release of the coin.
Most of all we are doing it with the love for Crypto and seeing some of the improvements that we can offer to the community, keeping up with Satoshi's vision and together as a community be successful.
Satoshi Nakamoto the father and Founder of BitCoin , always had the vision for the world to be a much different place , a much even place away from centralization , control and government and private meddling with the free will of the people, he envisioned a currency out of reach of such centralized entities and a global payment platform where it would be easy for everyone to use.
He always believed in never ending evolving of the technology to suit the times and challenges we might face on the road to crypto currency revolution, sustainability and popularity of crypto currencies.
Thereby he expected us to be innovative in every way and all the time and he showed us the path by Starting Bitcoin and wanted us to follow it , learn it , improve it and of course share it , which together brought us here , the Crypto currency revolution , the increasing popularity of crypto currencies and the challenges we are facing today , he wanted all of us to work together to find solutions and to promote crypto currencies and sustain its faith through evolution of the technology and of course the community spirit.
Currently as we all know the decentralized network we all hoped for is quite not what we might be looking at, huge mining farms mining day and night 24 hours X 7 Days non-stop (One burned down recently) selling coins as they mine , manipulating the markets, using cutting edge technologies we never thought that might be available 4 years back, this is certainly not for the love of the game , the love of Crypto Currencies but for the money-hungry , greedy and of course can be backed by governmental network and certainly not decentralized but controlled by a few of the elite.
This is not Satoshi would have wanted us to be, but to evolve. ASICS and SCRYPT-ASICS were never expected, we never thought we'd see them 4 years back, but here we are mining with them and people having them will have an unfair advantage over the other miners, the little home miners who collected every dollar to buy their hardware assemble a miner and mine, now they are forced to follow the trend , spend more , buy bigger miners , increase the network hash rates , difficulty , mine more coins , dump them and try to make back their investment.
If we thought about this for a minute, are we doing justice for the entire crypto community, I'm sure you'd agree with me that we do not do justice by ourselves and to others. This is why We wanted LiterCoin to be an evolving coin , ever changing to suit the times , challenges and of course change with technology , we are always ready to keep up with the technological challenges and always be ASIC Resistant and that's a life-time guarantee.
For miners, this is what makes LiterCoin different, you do not need to own a mind-blowing ASIC to mine LTR ever but your good old graphic card miner will always be fruitful by doing it for the love of Crypto and making back at the same time.
For Investors, you'll never regret investing on LTR knowing that it will be an ever evolving coin and backed by the community and a top-notch developer team ready to take on the challenges of the future and always succeed nonetheless.
We are doing this for the love of Crypto, for the sustaining of the same.
The Main reason for this to start off with an ICIO (Initial Community Investment Offering) is due to 2 main reasons.
1. Creating a community around the coin before it's being launched to strengthen it against all odds and secure its support from the community thus securing it mainly from dumping and market manipulation , as they say you would not let something you love fail/die , it was decided for the community to hold a main role and say in the life blood of the coin and also this way everyone will have a chance to be an early adopter rather than being disappointed later on for not being able to be a part of this experience.
2. Development costs are a main factor I've seen that many coins are unable to go for the 100% potential they all so deserve, all what a coin can become are sometimes hindered due to budget constraints and they fail or struggle in the end, so this is why it was carefully thought to be made and ICIO to start with. This way the coin would have a development pool and can be spent where necessary to achieve the roadmap and also to maintain and cover operational costs, marketing, promotions and implementation of additional features.
* Initial Release of Announcement 12/06/2015.
* The Initial Community Investment Offering (ICIO) will be open starting from the Announcement Date (12/06/2015) for the next 7 days (till 19/06/2015).
* The Coin will be released by the end of the first 3.5 days from the announcement and the commencement of the ICIO , the client will be released on the 4th Day from the first 3.5 days from the ANN and ICIO starting.
* Coin Will be released by the end of the First 3.5 Days from this Announcement (Date) precisely on the 4th Day of the Investment Campaign.
* Block Reward is set to 0 for the first 1000 Blocks.
* In this period Investors who invested in the First 3.5 Days from the Date of the Announcement will receive wallets with their respected amount of coins by email.
* By the end of 7 days (7th day from the Announcement) , the investors invested within this period from Day 3.5 - Day 7 will start receiving their wallets by email.
* Block Rewards will be starting to appear starting 3.5 days after the concluding of the ICO (3.5 days from the end of 3.5 days Investment Campaign)
* Updates on the progress of the following will be released to the community and Public Weekly.
* Our very own LTR trading exchange will be developed and released to the public within a targeted period of one month from the date of Wallet Release.
* While all in all from date of concluding of the ICIO , aggressive marketing and promotions will commence.
* Mobile Wallets supporting Mobile Platforms will be released right after the Exchange being developed , the developments related to this will go hand in hand with the exchange.
* Web Wallets will be available right with the Mobile Wallets.
* Thereafter we will be focusing on Services and Merchant Services Developments and get ourselves on board with major retailers and merchants who we will work closely and give incentives and promotions for accepting LTR for their goods and Services.
* We are going to test the waters with a LiterCoin ATM.
* A Dedicated buy and sell platform will be developed for merchants and sellers to interact and purchase/sell goods for LTR.
* Most of All we will be evolving the algorithm as and when needed if we are threatened by ASICS to preserve its ASIC resistant quality and purpose.
* We will build a complete ecosystems around LTR and yes it will contain game services such as Poker/Betting/Dice etc this will come under services and merchant developments
* The Wallet will have Market Tickers and built in communication within.
* While we all believe in greener and sustainable/renewable energy , we will tie-up with a few solar related enterprises to offer the community Solar related products at a discount and for LTR.
Total Supply = 1,000,000 (1 Million) LTR
1.5% Premine for ICIO = 15,000 LTR
Developments And Testing = 5,000 LTR
Amount Allocated for ICIO = 15,000 LTR
Set Price for ICIO = 0.005 BTC/LTR
Projected Amount to be raised through the ICIO = 100 BTC
ICIO Plans and Opened Dates
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1st Plan - Open for 3.5 Days
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20 LTRs Priced at 0.005 BTC/LTR = 0.1 BTC
Dedicated BTC Address : 17ZFu3ykaHHud6HM1o9RtQJ9EBexoGjGYV
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2nd Plan - Open for 3.5 Days
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40 LTRs Priced at 0.005 BTC/LTR = 0.2 BTC
Dedicated BTC Address : 191QjvcskMZALmj7pHh2PFhy2nRcEd4zJ8
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3rd Plan - Open for 3.5 Days
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100 LTRs Priced at 0.005 BTC/LTR = 0.5 BTC
Dedicated BTC Address : 1C74GxCYDNE6PTdTGr4S1HsjYJNTEUeozw
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Instructions
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Please fill in the following Google Form once you have sent the Investment Funds to the designated BTC address related to the 'Plan'.
https://docs.google.com/forms/d/1KkDo5J1UF6yWXh3Qg3ixNh6CD3bM_RQn36PGFMnxaVw/viewform?usp=send_form
Please try to keep to the BTC amounts on the Plans at all times.
You will receive a wallet file with the respected amount of coins that you invested according to the plan or related to the amount of BTC you invested through email.
Anyone can buy , any amount of number of 'Plans' at any given time , they will receive the total sum of LTR in one wallet.
Coins unsold after ICIO will be destroyed under the supervision of a trusted member of the community/forum.
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ESCROW
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A Respected Escrow Provider is being contacted.
Interested investors are encouraged and advised to use ESCROW all ways , in the best of the success of the ICIO as well as the safety of the Investors as well as their Investments.
Symbol: LTR (LiterCoin - Li-ght-er-Coin)
Total supply: 1,000,000 (1 Million)
Algorithm: QUBIT (PURE POW)
Premine: 2% (20,000 LTR Coins)
Coins Allocated for Testing and Developments: 5,000 LTR
Coins Allocated to the ICIO: 15,000 LTR Coins)
Block reward: 25 (Default - Refer Below for Variations)
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Block reward Algorithm:
Blocks 1000 - 30,000 will have 1 Coin
Blocks 30,001 - 40,000 will have 4 Coin
Blocks 40,001 - 50,000 will have 8 Coin
Blocks 50,001 - 60,000 will have 12 Coin
Blocks 60,001 - 70,000 will have 16 Coin
Blocks 70,001 - 80,000 will have 20 Coin
Blocks 80,001 - 90,000 will have 24 Coin
Blocks 90,001 - 210,000 will have 25 Coin
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Block time: 1.25 Minutes (75 Seconds)
Difficulty re-target: 25 blocks
Reduction/Block Halving: 25% every 210,000 blocks
Fees: 0.01 LTC
Blocks 2-1000 will have 0.1 coins.
RPC Port:
P2P Port:
