Litecoin Foundation will be founded soon. Its tentative mission statement is:
To advance Litecoin for the good of society by developing and promoting state-of-the-art blockchain technologies.
Its main function is to raise funding and support full-time researchers and developers as well as marketers if necessary.
We are now calling for logo proposals. Twenty Litecoins, sponsored by Xinxi personally, will be awarded to the best one chosen by us. Plagiarism will be checked thoroughly.
Designs posted here will not be evaluated. Please submit your design following the instructions on
https://litecointalk.io/t/litecoin-foundation-logo-20-ltc/.
This is off topic but I would like to know your thoughts. I like and support the idea of setting up a foundation for litecoin to give it direction and revive the coin. Let us admit it, it was not going anywhere.
I want to ask, with what happened to the bitcoin foundation, how will you avoid suffering the same fate and what will you do to bring litecoin to a competitive form versus bitcoin?