What will be the use of this coin? I mean where it will be used? After the fork, there will be 24000000 coins balance to be mined. Can users mine this coin using a normal computer?Also When this is going to hit the exchange?
We copy and anonymise all coins from LiteCoin network. That means that your VeryLiteCoin wallet will be far more effective in preserving privacy. We found 794 779 addresses with more or equal 1 LTC ( sum is 59 801 557 ) These coins will be available for users. This is the distribution step. There are a total of 60 million VeryLiteCoin and there will never be more. No classical mining reward. What happens when Bitcoin( and all other clones) mining rewards diminish to zero? The transaction fees will rise up enough to compensate them or the network will be insecure because the most of miners leave that ? We will test this scenario. Will be another 24 million coins balance to be mined ? No.
Exchange ? Most of clone coins from script kiddies trying to get rich on pump and dump schemes. Most altcoins will likely lose value over the long run. So many shitcoins, which nobody cares about anymore. The ICO model is one where developers get paid for an idea before even putting in the work. Litecoin is one good example of the earliest cryptocurrencies and was considered the silver to bitcoin’s gold. The LTC markets were correlated to bitcoin and managed to increase 3400% during the bubble of 2013. Since that time litecoin has lost 90% of its dollar value. Overall, altcoins tend to be better markets to trade than to invest in. Traders who lock in profit while they’re ahead can produce much nicer returns than those who buy and hold. We want change this. We have realy long term plans.
