Now I get it.
It is premined. But not just premined...its fuckin huge unbelivable giga mega premine .
5
So as I wrote previously this is just to make quick money on the name of Litecoin.
Such things is cancer of the cryptos.
You can checkout the coins on block explorer and you can ask questions about every moment of the coins from postmine., We will be happy to answer your questions.
May be you have seen scams till now and may have lost money..
I understand the feeling of your loss and anger but LTFN is not an ICO nor asking anyone to buy.. if one understand the source code and the advancement of the Litecoin Finance they will decide...
Because you are very eager to demote LTFN and spending your time on criticizing the LTFN without proofs...
I want you to keep an eye on the project and continue criticizing but , next time with proofs., you must understand that , without proofs , your criticisms will be considered as just spam.
Wish you a happy and prosperous new year ahead!
I didn't lost any money on cryptos cause i never put any money in it. Im just mining on one home computer. So dont have in fact anything to lose.
There are many interesting projects out there (IMO way better than Bitcoin and Litecoin) but there is also a flood of crypto junks that are nothing more that scam..
One of my definition of scam coin is premine coin. If creator of the coin have an advantage over the early adopters and miner it just isnt honest (even if you tell them about the premine). Its just not a fair play.
There is enough coins without premine so nobody needs to get in premined ones.
Thats just my opinion - if someone likes the idea of premined coins - he has right to mine it or buy. That's all...