More detail: https://bitscreener.com/coins/litecred
Litecred (Symbol: LTCR) is a new digital currency, of which feature is self-funded development through block subsidy of 10% for each minted block. That 10% will be not be used directly at the first stage of the growth, but it will be gained at Proof-of-Work end. In other words, users are going to obtain only around 0.8% monthy. In this sense, the developers will be ensured a small and continuous flow to keep the project working. There is no developer premine at launch. Funds raised from mining will be held in a public address and utilized for future enhancement and/or given to skillful users supporting the team with improvements/marketing and promotion. Litecred is expected as Decred side-project. Considering Litecred as bitcoin 2.0, Litecred wants to be Litecoin 2.0.
Specifications:
– Proof-of-Work
– Algo: Qubit
– Retargeting: 30 Seconds
– Maturity: 25 Blocks
– Max Block Size: 8MB
– PoW Supply: 78.835,200
– PoW Blocks: 1.051.200
