Litex profile
Litex Profile (LXT)
Score: 1.97 | Weak
Adventurous Nano Cap
Project Safety Score

Fri, Jan 21, 2022 6:41 AM

Score 1.97
Rating Weak
Market Cap $853519.60476215
24hr Volume $118827.06979665
Price $0.00042675980238107
Review

Litex

token

Ethereum

LITEX is a completely decentralized cryptocurrency payment ecosystem. Based on the business model of Epro's payment star product, “Non-bank card payment” and the BOLT protocol, the LITEX team designed the LTXN (LITEX Network) to enable the purchaser to pay the legal currency to the merchants and consumers. The process by which the purchaser pays back the cryptocurrency. This process is secured by smart contracts and does not require the involvement of a centralized operations organization. In the LITEX architecture, the upper layer is matched by the decision network to the consumer's payment request and the purchaser's purchase request, and the lower layer is established by the lightning network to establish a safe and efficient payment channel to pass the cryptocurrency, and the merchant completes the purchaser through the acquirer. Consumers pay for the settlement of legal currency. The upper-level decision-making network also suppresses the centralization tendency of the lightning network while improving network efficiency through incentives and other strategies.

Read more in the whitepaper:

Litex Smart contracts and audits.

Below are the available smart contract addresses and any associated contract audits.

ETH: 0xbc46d9961a3932f7d6b64abfdec80c1816c4b835

Litex 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.

Full Report

Litex Safety Report

Litex has a safety score of 1.97

Litex is a nano cap token.

Litex is suited to a adventurous investment style.


Litex 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.

Missing Data:
  • project whitepaper
  • github
  • reddit
  • bitcointalk thread
  • tradingview profile

Litex Red Flags

Red flags are listed below. Checkout the red flag tab for a more in-depth analysis.


Litex Development Score

The Litex project has active source code repositories.

There have been no commit to any of this accounts repos

  • 0 Watchers
  • 0 Stars
  • 0 Mentionable Users
  • 0 Vulnerabilities
  • No commits in the last 28 days
Highlights:
  • no stars
  • no watchers
  • no mentionable users
  • no repo stars
  • never repo updates

Litex 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.

Highlights:
  • Low number articles to calculate the sentiment
  • The overall sentiment is extremely negative

Litex 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 Litex?

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 Litex 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.

Highlights:
  • no reddit articles
  • very low hashtag tweets
  • very low gitHub account watchers

Litex Awareness Score

The awareness score indicates how well Litex 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 Litex is but a good measure of longevity is how well the project is known by the general public.

Overall Litex 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.

Highlights:
  • very poor search result total
  • very poor number of news articles mentioning Litex
  • very poor number of headlines about Litex
  • very poor number of Litex YouTube videos

Litex 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?

Highlights:
  • Good project age (released Aug 2, 2018)

Litex 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

Highlights:
  • poor 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.

Litex Red flags
  • The Github account previously existing account has been removed.
    The Github account (litexio) linked to this project previously existing account has been removed.

    severity: warning
Litex Exchanges
Litex Explorers
LXT
Member Ratings (LXT)

--/5

0 reviews
Ratings and reviews left by our members do not impact the profile score.
No reviews
Be the first to leave a review

No one is talking about Litex, be the first to start the conversation.

Do you think Litex is a scam project which will disappear in a rug pull in the next few months or do you think Litex is here to stay?

And more importantly let us know your experience and warn others if you have noticed something suspicious.

68.75%

Complete
Profile Status

How complete is this profile:

Lots of missing data points

This profile is still waiting for the following data points

  • project whitepaper
  • github
  • reddit
  • bitcointalk thread
  • tradingview profile
Member Signals

--/5

(no reviews)
Member Ratings
Market Cap Rank:
1860
Voted:
--
Bulls v Bears:
neutral
Is Trending?
Member signals do not affect the profile score.
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