What Company is Litecoin (Is Litecoin a Pyramid Scheme)?
What company is Litecoin? Litecoin is an open-source software project that prim
What company is Litecoin? Litecoin is an open-source software project that primarily provides transaction processing and payment services based on blockchain technology. According to CoinMarketCap, the price of LTC is $0.002 with a 24-hour increase of approximately 6% (in the last 30 days).
According to coinmarketcap, Litecoin is a subsidiary of Coinbase’s cryptocurrency trading application CoinPay. It is reported that the company also operates Bitcoin exchange Poloniex, decentralized trading platform Huobi, and digital asset wallet Bitpay. (FinanceMagnates)
Is Litecoin a Pyramid Scheme?
Does Litecoin have the suspicion of being a pyramid scheme? According to official sources, within 12 days before April 28, 2018, pyramid schemes were discovered in the top 100 cryptocurrency projects globally. They used high returns as bait to carry out fraudulent activities. Currently, it is not yet confirmed whether these so-called pyramid scheme activities are true or if there are any related issues. However, according to data analysis from international third-party statistical agency CoinDance, while there is still no official recognition of ICOs by any country, it does indicate that the risks of this project are very high.
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