What Is Gatehub (LTC)?
Gatehub LTC is a token provided by Gatehub on the XRP ledger, with its value anchored and supported by Litecoin (LTC). Litecoin (LTC) is a digital currency designed to offer swift, secure, and cost-effective transactions by harnessing the unique capabilities of blockchain technology. While Litecoin shares the Bitcoin (BTC) protocol as its foundation, it diverges in terms of hashing algorithms, maximum supply, block transaction speed, and several other aspects. Notably, Litecoin boasts a rapid 2.5-minute block time and impressively low transaction fees, rendering it well-suited for micro-transactions and point-of-sale payments.
Litecoin made its debut through an open-source client on GitHub on October 7, 2011, and the Litecoin Network officially went live just five days later, on October 13, 2011. Since then, it has gained substantial popularity and widespread adoption among merchants, consistently ranking among the top ten cryptocurrencies by market capitalization throughout its history.
The brainchild behind Litecoin is Charlie Lee, a former Google employee who envisioned Litecoin as a "lite version of Bitcoin," inheriting many of Bitcoin's characteristics while being more lightweight.
Gatehub LTC represents a pegged version of the original Flare Network by Charlie Lee on the XRP Ledger. These pegged issuances, including Gatehub LTC, are tokens that can be exchanged for a fungible asset, such as USD, EUR, GBP, gold, or other cryptocurrencies, on their respective native networks.
Although anyone can issue a crypto asset, it's essential for individuals or organizations to trust that the issuer can redeem it for the underlying asset if they want to accept payment in that asset. GateHub is one such organization that has gained the trust of its users.
Gatehub LTC and other XRPL tokens that are pegged provide a valuable means of gaining exposure to the asset, as well as a decentralized blockchain-based tool for the transfer of value.
Who Are the Founders of Gatehub?
Enej Pungerčar is the founder and CEO of Gatehub. GateHub is a platform for the Internet of Value, built on XRP Ledger protocol. It allows everyone to send, receive, trade and manage any type of assets.
What Makes Gatehub Unique?
Gatehub is a decentralized exchange running on top of the XRP ledger that offers various innovative features, including wallet protection and stablecoin issuance. Its user-friendly interface is easy to understand, enabling users to send money through email and even international wire transfers.
The Gatehub wallet provides support for not only XRP and over 100+ XRPL IOU tokens but also has multi-currency capabilities, enabling users to send and receive payments from any supported network. With the ability to instantly exchange assets using the best rates provided by multiple sources, Gatehub ensures the best possible exchange for its users.
Wallet Protect is a service provided by GateHub, a cryptocurrency wallet and exchange platform. It is a yearly paid subscription that provides protection for cryptocurrency stored in a user's wallet by making the wallet a "multisignature" or "multisig" wallet. Transactions are signed by multiple keys, increasing security and allowing for easy recovery in case of emergency. Wallet Protect also includes Fraud Shield, which scans destination addresses through fraud checks to help prevent losses of funds, and Theft Cover provided by Coincover, which provides up to $100k of coverage in case of theft. Wallet Protect users also receive a personalized certificate confirming their coverage level and protection.
Gatehub Transfer Fee
Gatehub's current policy on LTC tokens on the XRP ledger includes a transfer fee of 0.3%. This indicates that whenever LTC tokens are moved on the XRPL, a fee of 0.3% is charged on the transferred amount.
Read more about: Gatehub
Learn more about: Gatehub Ecosystem.
How Many Gatehub LTC Are There in Circulation?
There is an initial maximum supply of 1,768 LTC tokens, of which an estimated 594 LTC are currently in circulation as of March 2023. Check out Gatehub.net to learn more.
Where Can You Buy Gatehub LTC?
Gatehub LTC is a token trading on the XRP ledger DEX, the most straight forward way to acquire LTC tokens would be to purchase them through XRPL DEX.
If you are looking for alternative exchanges where you can purchase Gatehub LTC, Bitrue is a good choice. Keep in mind that investing in cryptocurrency can be risky, just like investing in any other type of asset.
How to stay tuned for further updates?
If you wish to receive more updates about the Gatehub ecosystem and any upcoming events, we suggest you follow @GateHub on Twitter.