LTBcoin is a cryptocurrency that is owned by a network and rewards people who work within that same network. The Let’s Talk Bitcoin was created by the
LTBcoin is a cryptocurrency that is owned by a network and rewards people who work within that same network. The Let’s Talk Bitcoin was created by the LTB Network which is the first crypto-related platform that has developed its own token. The idea behind it is that everyone who contributes to the improvement and the diversification of the network should be encouraged to continue doing so by receiving benefits for that. The system is simple and works by creating a vicious cycle in which the network is powered by users who are stimulated with a coin that is given value by the same network.
LTBcoin was designed using Counterparty.io which is a system built on the Bitcoin blockchain and the distribution of the coins began on the 1st of June, 2014. There is a fixed total amount of coins that will be issued which is 510,000,000 LTBcoins. These will be disbursed weekly in a period of 5 years or 260 weeks and at the end no new ones will be created. Every week, 65% of the tokens are allocated to the content generators, 25% to the active audience and 10% are used for the platform’s maintenance and improvement. Since it is 100% premined, the cryptocurrency does not require a special computer in order to be mined. The miners are all the people who work within the system and help it move forward.
But how can you actually start earning coins? Here is some basic information on how to create a LTB wallet and begin receiving LTBcoins. Go to CounterWallet.io and create a free wallet in which you can store your coins. Once you have a wallet, you will receive a 12-word password that will serve as a private key. With that in hand, you can log into your wallet and access your new bitcoin address. When you eventually log into your account with the address and the key, you will be able to receive coins for every activity you perform which is useful to the platform.
Every Saturday, when a new fixed amount of tokens is released and distributed, users, creators and the platform itself receive a part of them. Users of LetsTalkBitcoin.com can earn coins by reading and commenting on articles, interacting with the community or simply by sharing their opinion in the forum. Content creators, on the other hand, can receive LTBcoins by writing and publishing articles or creating shows. They earn coins once when they actually perform the activity and again at the end of each month when all the work done is evaluated and rewarded again according to its performance.