Coin Name Litecoin[Red]
Coin Code LTCRED
Summery Description

ERC-20 token, airdropped in December 2017. Bitcointalk thread dead (no sign of life from devs, remain silent since December 2017). The token was (is?) tradable on for delta, now worthless. Some people on reporting they have paid significant amounts of ETH to buy it from developers “sale” so not sure if it was just an abandoned project or it qualifies rather be an exit scam (but IMHO rather the second option).

Category Scam

Is Litecoin[Red] a Scam?

Disclaimer: Litecoin[Red] Cryptocurrency | Litecoin[Red] ICO
Litecoin[Red] is a cryptocurrency project that issued Litecoin[Red] tokens to its community. Scams in the cryptocurrency space take form in many ways, including exit scams or undedicated project developments.

Is Litecoin[Red] a Scam ICO?

Data on whether Litecoin[Red] conducted a scam ICO, a scam mining operation, or a scam masternode project is cited above from external sources and CoinCurb does not take responsibility for claims against Litecoin[Red] or in support of Litecoin[Red]. The data is only an aggregation of claims cited against Litecoin[Red].
The above claims about Litecoin[Red] (ICO), Litecoin[Red]’s token, or Litecoin[Red]’s team are externally sourced. They may claim that:
– Litecoin[Red] did an ICO and then exit scammed
– Litecoin[Red] has an undedicated project development after the Litecoin[Red] ICO
– Litecoin[Red] token got pumped and dumped by the Litecoin[Red] team
– Litecoin[Red] is a dead project with a worthless Litecoin[Red] token

However, external claims about Litecoin[Red] project, Litecoin[Red] token, Litecoin[Red] team, or even Litecoin[Red] advisors may not be supported by accusers of Litecoin[Red] ecosystem and thus individuals seeking to learn more Litecoin[Red] team or about the Litecoin[Red] cryptocurrency are recommended to directly contact Litecoin[Red] team members or Litecoin[Red] token investors.
CoinCurb does not itself decide if a project is a scam and thus does not claim Litecoin[Red] is an exit scam or that Litecoin[Red] is any other type of scam, nor does CoinCurb insinuate that Litecoin[Red] (or Litecoin[Red] token) team are scammers or that Litecoin[Red] (or Litecoin[Red] token) advisors are scammers. CoinCurb allows viewers to reference sources related to Litecoin[Red] development, Litecoin[Red] token trading, and/or Litecoin[Red] team as an uncertain reference when deciding if Litecoin[Red] is a scam or Litecoin[Red] is not a scam.