About

Litecred is a new cryptocurrency with the characteristic of self-funded development, via block subsidy of 10% for each minted block. That 10% will be not directly usable at the beginning of the development stage but it will be achieved at PoW end, this means we are going to receive only around 0.8% every month. This will guarantee a small and continuos flow to the developers, in order to mantain the project active. There is no developer premine at launch. Funds collected from mining will be held in a public address and will be used for future development and/or given to users with proven skills that will help us with improvements/marketing and promotion.

Litecred wants to be intended as Decred side-project. Considering Decred as Bitcoin 2.0, Litecred wants to be Litecoin 2.0