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Litecoin [LTC] doubles down on ‘Trust’ and ‘Speed;’ Moves to adopt new light blue logo

Jibin M George

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Litecoin [LTC] doubles down on 'Trust' and 'Speed;' Moves to adopt new light blue logo
Source: Pixabay

The Litecoin [LTC] community today moved to adopt its new, light blue logo in a move which it hopes, will mark a change in fortune for the embattled coin. The logo, which was first seen at UFC232 after the Litecoin Foundation’s sponsorship deal with Ultimate Fighting Championship has apparently endeared many among the Litecoin user base, many of whom want it to be more widely adopted.

The new light blue logo, designed by the Australia-based design agency, The Tokens Agency will be free to use without any restriction, in consonance with the open source nature of the Litecoin platform, the foundation announced through its Medium channel. The vocal support for the new logo may have come as a surprise for some as the logo in question was initially meant to highlight prominence against the backdrop of a grey UFC ring. Now, however, it will be pushed on multiple platforms to give a more modern, cohesive image of Litecoin.

Source: Litecoin.com

Robbie Coleman, the Founder of the Token’s Agency, the designing firm, had this to say about the project,



” Litecoin users and holders, we wanted to apply our creative agency’s skillset to LTC in some way. Designing for the decentralized coin — and all the complexity that came with it — also seemed like an awesome challenge, one few creative agency’s were taking on.”

Coleman also went on to say that the final product is a result of months of surveys and critical feedback the agency received from Litecoin’s active Reddit community. It was found that many in the community were in favor of re-branding and giving Litecoin a new image to adopt by highlighting key elements such as ‘Speed’ and ‘Trust.’

Litecoin isn’t the first cryptocurrency trying to reinvent itself with a new logo. Early this month, the Bitcoin SV logo was redesigned to better reflect Satoshi’s original vision and the root of association. In June of last year, XRP, changed its logo too in an effort to re-brand itself after the previous logo was compared to a fidget spinner.





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Jibin M George is a graduate in International Relations and Law with a growing interest in the world of cryptocurrency and blockchain technology

Altcoins

Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out of ‘saucer bottom’ pattern

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Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out out of 'saucer bottom' pattern
Source: Unsplash

Binance Coin [BNB] is nothing short of becoming the best performing crypto asset of 2019, as it creates higher highs every day. In a recent surge, BNB went up by approximately 12% in 24-hours breaking out of the ‘saucer bottom’ pattern.

BNB has been on a bull run since December 2018, it has surged by approximately 470% since that point. In the last 24-hours, the price was up by approximately 12% from wick-to-wick.

Source: TradingView

Moreover, the rise in the price over the day can be attributed to the announcement by Binance DEX, that was launched recently. The tweet read:

The new update will convert the BNB, which is an ERC20token, into BEP2, it will be called the “mainnet swap”. Furthermore, users have to convert their ERC20 tokens on Binance, the details of which will be released in the near future.

In addition, Mithril, a cryptocurrency project has announced that it will be the first project to migrate to the Binance Chain. It tweeted:



“$MITH token holders on the new @Binance_DEX will be the first to experience increased speed, security, and user friendliness while maintaining full control over their funds.”

A Twitter user, @carlitosblvd123, commented:

“So , all BNB we have now like erc20 in binance exchange and on trust wallet will be converted to bep2 automatically or we have to do anything to happen?”

@jigneshon, another Twitter user commented:

“Crypto Revolution will happen on 23rd April when Binance Chain Genesis block will be created. 🔥”





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