We just finished our AMA with LiteHouse
So here we will put the questions that you maybe want to know it’s answer :
Q1: can you Kindly Introduce yourselfs to our community?
My name is James and I’m one of the founders of LiteHouse, and also the dev
My name is James and I co-founded LiteHouse ,not a dev.
Q2: Can you briefly describe what is LiteHouse . We would like to know more about it and how it works.?
LiteHouse was born from one simple idea
Investors don't deserve to get rug pulled or scammed
Investors deserve to be rewarded well for participating
We found ourselves in a position with a community that had been let down by an anonymous developer who had effectively; experimented with peoples money testing his contract then abdicated any responsibility. So we seized the opportunity to create the community left behind something SAFU and even more rewarding.
LiteHouse has a dual meaning, obviously the reference to LTC but a "Lighthouse" is a beacon of hope in a sea infested with scams and rugs .
Q3: Could you please elaborate more about your tokenomics?What’s the total supply and what kind of plans do you have regarding the token unlocks in the future?
First of all, we have a very rewarding structure regarding our tokenomics.
14% goes back to all holders in LiteCoin tokens ,4% goes to liquidity ( our liquidity today is more than 50% of our market cap )
3% goes to marketing
Our total supply is only 1 billion tokens with 40% burned already from launch, with these facts we actually bring a higher chance to break that $ sign
We did a fair launch with only 500M tokens and 5BNBs. We have the other tokens locked with vesting and will be vested 2 times during 1 month, first vesting will be used for staking rewards, and for the rest we will extend the lock again and plan to use them for future listings on exchanges.
Q4: Can you share the achievements the team has made so far ? what are the major achievement target LiteHouse is yet to achieve? . If possible also share your roadmap.
The biggest achievement was the creation of LiteHouse itself, giving a rug pulled community a chance to succeed somewhere safe. We quite literally jumped to action!
One huge achievement was managing the launch in such a way that we received COMPLIMENTS afterwards!
We have further secured an indefinite marketing partnership with The London Crypto on twitter.
A major target we would like to achieve is the coveted $1m MCAP, which we believe is entirely possible sooner rather than later.
Q5: The LiteHouse has some interesting characteristics in addition to having a good community. What other characteristics can we see in the project in the future? Will they work with NFTs or similar proposals?
Definitely would could look at facilitating NFT in the future. We are community led and community driven. So if that's what the community wants we'll do our best to make it happen.
we are planing to reward our holders even more by creating a staking feature ,by letting them staking Litecoins to earn even more LiteHouse tokens
so they can earn more Litecoin
Q6: Is there a certain percentage for holders ?
1.5% per wallet is max
Q7: How do you plan to spread awareness about your project in different countries, where English is not spoken well? Do you have local communities for them to let them better understand about this project?
as already mentioned, we have an ongoing partnership with TheLondonCrypto to post about us weekly for an indefinite period of time. 3-4 times per week
Our moderators and administrators are from all over the world and are happy to communicate in a variety of languages, including Arabic.
So far, we have set up Chinese, Iranian, Nigerian and Indian subgroups where holders can chat in their native language.
We plan more groups such as Arabic, Dutch, Indonesian, Portuguese, Tagalog/Filipino and Russian.. Future announcements will be posted in a variety of languages.
Q8: What is the target audience that you primarily focus on in order to expand the user and investor base of your project? In which countries or regions are you more active?the $LTC targeting? Are these people who want entertainment or want to make money?
Primarily people that want to feel SAFU and earn good rewards. Obviously we have been reaching out to the Litecoin community also
For us the geographical area is not important.
We are active in regions worldwide already.
Q9: Investors always look at the long term about any project. What are the benefits for investors if holding for the long term?
They make lot of LiteCoin , this is a pure long term project ,The holders that are thinking long term and are investing in our project are those who will be rewarded big time
WE certainly will not be going anywhere. We're in it for the duration.
Q10: Can you tell us about your team’s members? Do they have the necessary qualifications and experience in their respective fields? What are the requirements for assembling a team for your fantastic project?
Most of the admin / mod team comes from a failed LTC reflection project.
Myself was invited to help the old community to re-deploy a new contract with similar tokenomics
We very dedicated and most of the members have been part of many other successful projects, and still are
Most of the team is doxed (either here or on other projects) so you know your money is safe!
our team is filled with dedicated and trustworthy people who are committed to filling all your pockets with LiteCoins.
Q11: Security is the most important thing to consider want starting up a project, how secured is this project for users and investors?
I'm personally doxed, James is also doxed, and many other in the team are also doxed.
Liquidity is locked.
all tokens outside pancakeswap is locked.
It’s 100% SAFE and secure .
Q12: NFT is getting more popular now a days. It looks NFT has bright future. So do you guies have any plan to include NFT to your project?
Nft’s are hot right now and yes we would look to implement them in some way. Though NFT’s are so much more than digital pictures, we would love to find a way to utilise NFT with LiteHouse to it’s FULL potential.
For example an NFT can be the rights of ownership over a real world object.
Q13: Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
Our tokenomics are very good indeed.
First of all, our tokens can not be minted since we deployed our contract, we have a max and total supply of 1B tokens only
The team have 0 tokens locked for themselves, all tokens we hold are purchased by us personally.
The locked tokens are for future listings and staking.
the liquidity is of course also locked.
Q14: What are the plans for beginners like me to make understand about project and where english is not spoken how will you aware them?
We aim to be has helpful and accommodating to newcomers as we can. We were all new at this once. Our team is dedicated to assisting anyone inexperienced in our community.
We pretty much have someone available 24/7.
We are all experienced traders who are more than qualified to assist newcomers.
Q15: What is the competitive advantage of your project? Can you point out the strengths of your project that other projects do not have to attract investors?
LiteCoin is one of the top 5 alt coins by market cap.
and LiteCoin already have real life use cases.
byy investing and holding our token you will get LiteCoins as reward.
Litecoin can already now can be used in real life and even exchanged on any available CEX!.
I think that is a very good advantage already.