What is the issue price of LTC coin? Introduction to the issue price and issue quantity of LTC coin

Litecoin's initial issue price was $4.30 per coin, with a maximum supply capped at 84 million coins.

Oct 04, 2024 at 11:18 pm

1. Introduction to the Issue Price and Issue Quantity of LTC Coin

Litecoin (LTC) is a peer-to-peer cryptocurrency that was created in 2011 as a fork of Bitcoin. LTC is similar to Bitcoin in many ways, including its decentralized nature, finite supply, and use of a blockchain to record transactions. However, LTC also has some key differences from Bitcoin, including a faster block processing time, a larger maximum supply, and a different proof-of-work algorithm.

2. Issue Price of LTC Coin

LTC was initially issued on October 7, 2011, at an issue price of $4.30 per coin. This price was determined through a pre-mine of 150,000 LTC coins, which were sold to early investors in a private sale.

3. Issue Quantity of LTC Coin

The total supply of LTC is capped at 84 million coins. This means that there will never be more than 84 million LTC coins in circulation, regardless of demand. The current circulating supply of LTC is approximately 71 million coins.

Conclusion

The issue price of LTC coin was $4.30 per coin, and the total supply of LTC is capped at 84 million coins. These figures are important for understanding the value and scarcity of LTC, as well as its potential for future growth.

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