Litecred PriceLTCR

What is Litecred (LTCR)?

Litecred (LTCR) is a digital cryptocurrency that launched on January 21, 2016. It is described as a cryptocurrency operating on the Litecred blockchain, utilizing peer-to-peer transactions and mining as its core technological foundation. According to its self-description, Litecred is a new digital currency with self-funded development through block subsidy, meaning the project's ongoing development is sustained by the rewards generated from the mining process itself rather than external funding or token sales.

The coin allows users to generate LTCR through the process of mining, which serves as both the distribution mechanism and the network security model. Litecred has a total supply of about 30.23M LTCR against a PoW maximum of 98,835,250 LTCR, with a current supply of 30,227,750.0256 LTCR. The circulating supply is reported as zero across multiple data sources, and Blockspot.io classifies Litecred as a discontinued cryptocurrency. Active development and trading activity have effectively ceased, though historical market data and price charts remain accessible on various tracking platforms.

Key Specifications & Tokenomics

• Name: Litecred
• Ticker / Symbol: LTCR
• Blockchain: Litecred blockchain
• Start Date: January 21, 2016
• Consensus Mechanism: Hybrid proof-of-work / proof-of-stake (Qubit PoW algorithm; PoS from block 1,050,100)
• Category: Cryptocurrency
• Current Supply: 30,227,750.0256 LTCR
• Total Supply: 30.23M LTCR
• Maximum Supply: 98,835,250 LTCR (PoW supply per the project's GitHub specification)
• Circulating Supply: 0
• Active Markets: 1 active market with $0.00 traded over the last 24 hours
• Development Funding: Self-funded through block subsidy
• Status: Discontinued cryptocurrency
• Network Parameters: node hosts litenode1.litecred.org and litenode2.litecred.org; RPC port 8887; P2P port 8868

Market data pages show no meaningful trading activity; market cap and volume figures vary by source and are not reproduced here.

Emission Schedule: Blocks 0–10: 26,278,400 LTCR distributed via airdrop faucet (about 33.3% of supply); blocks 10–100: 20–1,800 LTCR per block; blocks 100–1,051,200: 50 LTCR per block, totaling 52,555,000 LTCR (about one year of mining).

Who created Litecred?

No founder or named development team is identified in public materials. The project is described as self-funded through block subsidy, suggesting an independent or community-driven approach rather than a venture-backed or foundation-led initiative; no investor, funding round or advisor information is documented.

How does Litecred work?

Litecred operates as a peer-to-peer digital currency that leverages mining as its primary mechanism for both transaction validation and coin generation. Users participate in the network by contributing computing power to mine new LTCR tokens, which are distributed as block subsidies. This mining process secures the Litecred blockchain and processes transactions without the need for a central authority.

The network utilizes peer-to-peer transactions, allowing users to send and receive LTCR directly without intermediaries. The development of the project is sustained through the block subsidy model, meaning that the coins generated through mining are used to fund ongoing maintenance and improvements to the protocol. This self-sustaining approach was designed to reduce reliance on external funding sources. The Litecred blockchain serves as the underlying infrastructure for all transactions and mining activities.

Litecred transitions to proof-of-stake at block 1,050,100, with a fixed subsidy of 10 LTCR per block, annual PoS inflation of about 10,512,000 LTCR, a minimum stake age of 6 hours and no maximum stake age.

What makes Litecred unique and valuable?

Litecred's primary distinguishing feature is its self-funded development model through block subsidy, which sets it apart from many cryptocurrencies that rely on initial coin offerings, venture capital, or foundation reserves. This approach aligns the incentives of miners and developers by directly tying development resources to network activity and mining rewards. Per the project's own documentation, 10% of each minted block (11.4% per the GitHub README) was reserved for development, though only about 0.8% per month was available during the development stage, with full availability at PoW end.

With a total supply of approximately 30.23 million LTCR, Litecred maintains a relatively scarce supply compared to many other digital currencies. The project's long history, dating back to January 2016, places it among the earlier generations of cryptocurrencies. However, it is important to note that Litecred is now classified as a discontinued cryptocurrency, with zero circulating supply and no active trading volume. Its historical significance lies in its early adoption of a self-sustaining development model, though the project no longer operates as an active cryptocurrency in practice.

What is Litecred used for?

Litecred was designed to function as a digital currency for peer-to-peer transactions, enabling users to transfer value directly without intermediaries. The primary utility of LTCR was as a medium of exchange within its network, with mining serving as the mechanism for both distribution and network security. Users could generate LTCR through mining and then use the coins for transactions on the Litecred blockchain.

The coin also served as a store of value and a speculative asset during its active period. Historical price pages remain accessible on tracking platforms; price data is no longer actively updated. As a discontinued cryptocurrency, Litecred no longer functions as an active medium of exchange or investment vehicle. Its remaining utility is primarily historical and informational, with price pages and market data still available on various tracking platforms for reference purposes.

How Is the Litecred ecosystem developing?

The Litecred ecosystem is no longer actively developing, as the project has been classified as a discontinued cryptocurrency. Historical data shows that the project was self-funded through block subsidy, which sustained its development during its active years. The ecosystem consisted primarily of the Litecred blockchain, mining infrastructure, and peer-to-peer transaction capabilities.

Litecred's only documented trading pair is LTCR/BTC on YoBit; it is not listed on major exchanges. Historical price pages remain available on several data aggregators, but no active development, partnerships or ecosystem expansion is documented. The project's source code is published at github.com/Litecred-Project/Litecred (MIT license), with a block explorer at 104.238.173.4:3331 and the original announcement thread at bitcointalk.org/index.php?topic=1317122.0.

How to mine Litecred?

Litecred utilizes a mining-based consensus mechanism, where users contribute computing power to validate transactions and generate new LTCR tokens. Mining rewards are distributed as block subsidies, which also serve as the funding source for the project's development. This self-sustaining model means that miners are directly responsible for both securing the network and supporting its ongoing maintenance.

Litecred uses the Qubit proof-of-work algorithm, with difficulty retargeting every 30 seconds, 25-block maturity and 8 MB maximum block size. Mining is no longer economically viable since the project is discontinued. As the project is now discontinued with zero circulating supply and no active trading volume, mining Litecred is no longer economically viable or practically supported. Historical information suggests that mining was the primary method for generating LTCR during the project's active period, but current mining activity is effectively non-existent.

How to keep your Litecred Coin safe?

As with any cryptocurrency, keeping Litecred safe requires adherence to general security best practices. Users should store their LTCR in a secure wallet, preferably a hardware wallet or a reputable software wallet that provides full control over private keys. Since Litecred is a discontinued cryptocurrency with no active trading or development, the primary risk is the potential loss of access to remaining holdings due to lost private keys or incompatible wallet software.

For those who still hold LTCR from the project's active period, it is advisable to ensure that wallet backups are securely stored and that private keys are never shared with third parties. Given the lack of active development and support, users should be aware that recovery options may be limited if access to funds is lost. General security measures such as using strong passwords, enabling two-factor authentication where available, and avoiding phishing attempts remain important. As always, individuals should conduct their own research and exercise caution when dealing with discontinued or low-liquidity digital assets.