Lol. Litecoin Cash (LCC) spectacularly crashed. Officially a premine dump scam?

blogardianz

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Activity: 213

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[ CINDX ] REFORM HOW SELL & BUY CRYPTO

Quote from: BitcoinHodler on March 11, 2018, 08:40:34 AM

the fate of all these fork coins are always the same. they don't add any value, they don't do anything special, they simply change a bunch of codes which is mostly copy paste of other projects and make it work somehow then premine the shit out of the coin and make a lot of money.

if someone wanted to create a proper project they would have never forked a coin like this in first place!

I agree. This is like a free rider. Only using coin which already has a popular name.
No matter how hard LCC will grow, I believe it will be dumped hard.

BitcoinHodler

hero member

Activity: 1456

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HODLing is an art, not just a word...

the fate of all these fork coins are always the same. they don't add any value, they don't do anything special, they simply change a bunch of codes which is mostly copy paste of other projects and make it work somehow then premine the shit out of the coin and make a lot of money.

if someone wanted to create a proper project they would have never forked a coin like this in first place!

lccwhale

newbie

Activity: 5

Merit: 0

It's not a scam coin. Remember we are only 22days old...

We have the equivalent of over 7000 S9 Miners mining LCC currently.

Why use Litecoin Cash $LCC ?

Block Processing

Litecoin Cash has made a clear commitment to process blocks on the network in 2 minutes 30 seconds, the is being achieved by using DarkGravity for difficult adjustments on every block, this means we are more likely than Litecoin to process the blocks in a timely manner.

Fees

Litecoin Cash fees are 90% lower when compared to Litecoin. This is a good thing and an important feature, people are more likely to use it as a currency if it has lower fees. Everyone needs to remember, these blockchains aren’t created to make us rich, they are created to be used as a currency!

SHA-256

Litecoin Cash is using the SHA-256 algorithm, this is good news for miners not able to keep up with the difficult adjustments on bitcoin and enables them to reuse older mining equipment

Over the next few days I’ll get more articles produced, but for the moment I believe this will help users understand Litecoin Cash.

cryptoux

member

Activity: 186

Merit: 10

I dont really undestand why peoplea are expecting too much about this coin,it was tagged as a scam coin that is why you shouldnt be expecting this coin to skyrocket,using the litecoin's name for the fame i wonder how much money of the team behind this has already solicit from those noob investors,i wont be suprise if this coin will be delisted to some of the exchanges.

Flangler

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Activity: 963

Merit: 57

Is it good time to buy it now? The price is really low. If it could grow at least to 2$ the income would be unbelievably high. I tried to calculate the market cap and it came out 228 mln$, still not bad after those dumps.

AndronicusBass

jr. member

Activity: 105

Merit: 1

It was actually coin market cap removing yobit exchange data. look at the price on other exchanges particularly LCC/BTC, its a healthy and steady price.

Quote from: JuniAiko on March 06, 2018, 07:09:16 AM

Hope interpol will get to work to locate and arrest those guys/make them dissapear if this is really the case.

Next will be DeepOnion? — another coin that is massively premined.

JuniAiko

member

Activity: 126

Merit: 10

DOGE:DDvXm3ZkXSFeZF9YVaTWGNyBZzfwVf8nnh

LCC marketcap value is now at virtually zero..
After the premined coins were dumped

JuniAiko

member

Activity: 126

Merit: 10

DOGE:DDvXm3ZkXSFeZF9YVaTWGNyBZzfwVf8nnh

Hope interpol will get to work to locate and arrest those guys/make them dissapear if this is really the case.

Next will be DeepOnion? — another coin that is massively premined.

Topic: Lol. Litecoin Cash (LCC) spectacularly crashed. Officially a premine dump scam? (Read 129 times)