BTC Lite Profile (BTCL)
Project Safety Score
Sat, Jan 22, 2022 6:43 AM
BTC Lite is a decentralized cryptocurrency that promises to make Bitcoin lighter, faster and cheaper. It provides faster transactions speeds than both Bitcoin and Bitcoin Cash. What does BTC Lite offer? 1.MUCH FASTER TRANSACTIONS - BTC Lite transactions are confirmed within 1-3 minutes. This makes it much, much faster than Bitcoin that can sometimes days to arrive. Average blocktime of BTC Lite is 15s while Bitcoin has average block time of 10 minutes. 2.MUCH CHEAPER TRANSACTION COST - Original Bitcoin has become more of a store of wealth. BTC Lite is meant to be used as currency. Bitcoin’s average transaction fee is between $5-$8  and sometimes more than that. Transaction fee of BTC Lite is $0.002-$0.15. 3.LEANER INFRASTRUCTURE – DESIGNED TO BE USED FOR DAILY TRANSACTIONS - BTC Lite is much lighter than 9-year old Bitcoin. It runs on Ethereum blockchain and inherits all advantages that come with this modern platform. There is no need to download blockchain to access or spend your coins.
Read more in the whitepaper:
BTC Lite Smart contracts and audits.
Below are the available smart contract addresses and any associated contract audits.
BTC Lite Project Statement
Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.
Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.
BTC Lite Safety Report
BTC Lite has a safety score of 1.4
BTC Lite is a nano cap token.
BTC Lite is suited to a adventurous investment style.
BTC Lite Profile
This profile is missing some data needed to perform a thorough analysis. Depending on what data is missing then this could have a negative impact on the overall rating.
- project website
- project team
- tradingview profile
BTC Lite Red Flags
Red flags are listed below. Checkout the red flag tab for a more in-depth analysis.
BTC Lite Development Score
The BTC Lite project has 8 active source code repositories.
The most recent commit was Thu, Jul 23, 2020 12:45 PM
- 0 Watchers
- 1 Star
- 8 Mentionable Users
- 0 Vulnerabilities
- No commits in the last 28 days
- daily repo updates
- no stars
- no watchers
- no mentionable users
- no repo stars
BTC Lite Sentiment Score
The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!
The more articles that are available to analyse, the more confident we can be about the score. If there is not a lot of data available on the internet to use, this should be a redflag as it can indicate that no one is posting or writing about this project.
- The overall sentiment is very positive
- Low number articles to calculate the sentiment
BTC Lite Community Score
The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on BTC Lite?
The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.
Overall BTC Lite has an poor community rating, small communities can be easily manipulated and bullied (banned from telegram, deleted from discord etc) into towing the project line. If a project is new and doesnt have a big active community then in general as the project grows the community score will increase.
- no reddit articles
- very poor hashtag tweets
- no gitHub account watchers
BTC Lite Awareness Score
The awareness score indicates how well BTC Lite is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the BTC Lite is but a good measure of longevity is how well the project is known by the general public.
Overall BTC Lite this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.
- extremely high number of BTC Lite YouTube videos
- very poor search result total
- very poor number of news articles mentioning BTC Lite
- very low number of headlines about BTC Lite
BTC Lite Credibility Score
The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?
- Good project age (released Jan 9, 2019)
BTC Lite Volume Score
The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag
- no USD 24hr volume
Red flags come in all shapes and sizes
At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.
You expect a level of transparency and professionalism from a project that is asking for your money.
There are all sorts of red flags which you should be weary of;
- 404 (missing) websites
- Expired SSL certs
- Malware/Hijacked sites
- Suspended Twitter accounts
- Private Subreddits
- SEC investiations
If you spot anything suspicious/resolved then please let us know.
BTC Lite Red flags
Website unable to resolveseverity: critical
Refused to resolve the project website (http://btclite.org/)
How complete is this profile:
Lots of missing data points
This profile is still waiting for the following data points
- project website
- project team
- tradingview profile
Market Cap Rank:
Bulls v Bears:
BTC Lite Github
BTC Lite Twitter
BTC Lite News
What's Next for Bearish Rated BTC Lite (BTCL)?Tue, Jan 18, 2022 6:43 AM
BTC Lite (BTCL): How Does the Chart Look Sunday?Mon, Jan 17, 2022 6:43 AM
What Does a Risk Analysis Say About BTC Lite (BTCL) Thursday?Thu, Jan 13, 2022 4:40 PM
BTC Lite (BTCL) Receives a Neutral Rating Friday: Is it Time to Get on Board?Fri, Jan 7, 2022 7:14 PM
BTC Lite (BTCL), Moderate Volatility and Rising Wednesday: Is it Time to Cash Out?Thu, Jan 6, 2022 7:14 PM