Ethereum Lite is an Ethereum-based ERC 20 Token that focuses on being a faster and cheaper currency than bitcoin, Litecoin and other cryptocurrencies, while being distributed equally between all users that signed up for the airdrop. It is the first Ethereum token intended for use as a currency and acceptance by merchants. We care about our community, and we will work hard to make Ethereum Lite’s community the best and strongest it can be, which will eventually lead to acceptance of Ethereum Lite by shop merchants as a currency. We have a clear goal in mind and a long road ahead and we will describe everything in the upcoming whitepaper and roadmap.
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Sources:
coinmarketcap.com
ethereumlite.org
bitcointalk.org