Letscoin FAQs
Letscoin (LTSC) is a fiat-backed stablecoin and complementary currency built on blockchain technology, designed to foster local and global economic growth. Here, we answer common questions about Letscoin, including how to get started, its key benefits, and how it supports communities in trading goods and services efficiently and securely.
FAQ
Frequently Asked Questions
  • What is Letscoin (LTSC)?

    Letscoin is a complementary cryptocurrency designed to empower local businesses and communities by facilitating fast, secure, and low-cost digital transactions on the Polygon blockchain.

  • How does Letscoin work?

    Users can buy, sell, or trade goods and services using LTSC tokens within a decentralized ecosystem, supporting local economic growth and financial inclusion.

  • What is a complementary cryptocurrency?

    A complementary cryptocurrency is a type of digital currency designed to function alongside traditional, national currencies. It supports local or community-based economies by providing an alternative payment method for goods and services. Unlike mainstream cryptocurrencies, which aim for global use, complementary cryptocurrencies focus on strengthening local markets and promoting financial inclusion. Letscoin (LTSC) is an example, enabling users to perform secure, low-cost transactions within a specific region or community while enhancing economic autonomy.

  • How can I use Letscoin tokens?

    You can use Letscoin (LTSC) to purchase goods and services in the Letscoin marketplace, send remittances, or engage in cross-border transactions.

  • Where is Letscoin listed?

    Letscoin will first be listed on the P2B exchange following its Initial Exchange Offering (IEO). After this, the plan is to seek listings on other major exchange platforms to increase accessibility and liquidity, ensuring broader participation in the Letscoin ecosystem.

  • How does Letscoin ensure security?

    Letscoin secures transactions through blockchain technology on the Polygon network, ensuring transparency and tamper-proof operations. Its decentralized structure minimizes risks of fraud, hacking, and unauthorized changes. Each transaction is verified by the network, ensuring reliability. Letscoin’s platforms are designed to protect user data and funds, giving both individuals and businesses peace of mind when making digital transactions.

  • How does Letscoin promote financial inclusion?

    Letscoin promotes financial inclusion by offering an accessible digital currency platform for underserved communities and individuals who lack access to traditional banking systems. Through its low-cost, secure transactions and decentralized nature, Letscoin enables users to participate in the digital economy, regardless of geographic or financial barriers. It empowers local businesses and individuals by facilitating easy, efficient payments, thus supporting local economic growth and ensuring that more people can benefit from financial services and opportunities.

  • What is the total supply of Letscoin?

    The total supply of Letscoin (LTSC) is set at a maximum of 50 billion tokens, with an initial mint of 30 billion tokens. This controlled token distribution model ensures that there is a clear cap on the number of tokens, helping maintain value and supporting long-term sustainability within the Letscoin ecosystem.

  • Can I earn rewards with Letscoin?

    Currently, Letscoin does not support staking or rewards mechanisms. However, users can still benefit from participating in the Letscoin ecosystem by engaging in transactions, trading, and using LTSC within the marketplace. Future developments may introduce additional features, but for now, rewards are not part of the platform’s offerings.

  • How does Letscoin support local businesses?

    Letscoin supports local businesses by offering a platform where they can accept LTSC tokens for secure, low-cost payments, attracting customers through geotagging features. This simplifies transactions and boosts local commerce. Additionally, with plans to introduce cryptocurrency-based loans, businesses could gain access to financing through decentralized finance (DeFi) protocols, allowing them to borrow and grow using blockchain technology. This would further promote economic empowerment and sustainable business development in local communities.