What is Eltcoin?
The name Eltcoin stands for ” Ethereum Limited Total Coin”. The project was launched on October 6, 2017 by Oliver Hirst. To test the public interest in the token, he set up a community to measure the value of eLTC. Only a few hours after the opening of the group, it already had more than 300 users and at the end of the day even more than 1,000 users were registered. The motivation of the community was to participate in a new ERC20 token. In order to realize growth, community members have been involved in the team, which have now become an integral part of the team.
Eltcoin – The goal
The team pursued two basic goals to make it clear that the Eltcoin Token is a representative ERC20 currency. On the one hand, the developers want the Eltcoin token to one of the best ERC20- crypto currencies to do in the market. In addition, the Eltcoin token should prove its usefulness in the design of everyday life. Through an establishment in the payment traffic, a higher acceptance at relevant marketplaces should take place. By limiting the currency to 100 million tokens, a shortage of capital should take place and the currency’s price should be raised. Nonetheless, the developers see the token as very customer-oriented, which is why they forego publication by means of an initial coin offering and instead rely on market placement via airdrop emission.
Which team is behind the development of Eltcoin?
The token is developed by the Eltcoin Foundation, which was founded by Oli H. At the same time, Oli H. takes on the role of managing director and is actively involved in the development of new software components. Victor F also takes the lead in software engineering, while Ivan SW is responsible for the strategic direction of the token. The design is in the area of responsibility of Dan T., who is supported by Oli M. as head of the development of mobile applications. The acquisition of new team members is the responsibility of Adrian P. In particular, in the community new team members are to be found, so that Adrian especially there actively looking for potential members.
What is the current market capitalization of Eltcoin?
The Eltcoin token is since 4 November 2017 entitled “ELTCOIN” in the financial markets traded . The Initial Coin Offering subsequently took place on November 22, 2017 at an issue price of $ 0.003219. This resulted in a market capitalization of $ 289,700. Since then, the token is in a positive upward movement. As a result, new highs are being reached, so that a market capitalization of $ 1.14 million is currently available. The daily trading volume is also around $ 150,000 and is realized in particular through trading between the Eltcoin token and Ethereum.
This trade accounts for more than 63% of daily trading volume, but Bitcoin alsomakes a significant contribution to trading, meaning that around 33% of daily trading volume can be realized here as well. The most important trading post for the token is Mercatox. Mercatox accounts for more than 96% of sales each day. Further trading is realized via Ether Delta, CoinExchange, IDEX and Decentrex. At the moment, there are around 90 million tokens in circulation. This corresponds to 90% of the maximum token number, so by Mining many tokens can be mined yet sufficient.
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