Litecoin appears to be recovering and taking the position of a king among altcoins. If we take a look at the increases in the Litecoin’s value since December 2018., we will see that it went up by 200% in just eight months period. This is, by far, one of the largest increases we have seen recently. Furthermore, it is building a very positive image. Namely, Litecoin is contributing to Las Vegas Community.
A Short Recap of Litecoin Features
As we have wrote before, Litecoin is one of the most popular altcoins. Especially due to its speed, meaning more frequent block generation and extremely fast confirmation times which facilitate transactions. Furthermore, this enables Litecoin to process higher transaction volumes. In plain English, this means that more funds can be transferred in shorter time period.
LTC functions on decentralized blockchain as an open source. It is immutable, fungible, and divisible. Above all, it is available globally.
The current approximate price of a Litecoin is $67.14 and a market cap of $4,223,289,441.
The Litecoin Foundation and the UNICEF
As a quick reminder, Litecoin Foundation is the non-profit with a goal to promote blockchain technology mainly through the use of a Litecoin. The most recent activity from the Litecoin Foundation reportedly includes joining forces with UNICEF.
The aim of such co-operation is to empower UNICEFs Kid Power program. This program helps out the kids in schools to get the tools they need to learn and grow, so they can become the people who will return the value to the community.
UNICEFs Kid Power program
The said program is planned for launch in October 2019 during the 2019 Litecoin Summit, as part of the Las Vegas Blockchain week. The participants would be able to visit the UNICEF booth to “unlock up to 125,000 Kid Power Coins, which the Litecoin Foundation will underwrite for Las Vegas schools”.
The mentioned coins will be available for redeeming by students. The idea is to support local social causes, such as planting of trees, improving the environment in various ways, saving wildlife habitats, securing food for people in need, providing medical care for kids who do not have access to it.
The Creator of UNICEF Kid Power and Vice President of UNICEF Ventures , Rajesh Anandan, reportedly commented on the matter:
“We are thrilled to collaborate with Litecoin Foundation to empower a new generation of global citizens. We are showing students that they have the power to make a difference in the world while, at the same time, helping their own communities on issues that matter the most to them.”
The overall advice from crypto enthusiasts is to keep all your options open and consider investing in more than one crypto currency. In case you are socially responsible person, the chances are you would take into consideration the image surrounding a certain crypto. We can now say that Litecoin has secured its place among socially engaged brands.