ELTCOIN is a cryptocurrency initiated a couple of months back in October 2017 by a blockchain enthusiast and software developer. Oliver Hirst popularly addressed as “Oli”. He built a Telegram community to check how the public would accept his cryptocurrency and he was delighted with the response he got.
ELTCOIN had over 1000 members joining the community on the first day itself. People were enthusiastic to join and be a part of the new big ERC-20 token on the cryptocurrency scene. The attempt was scammed and the airdrop was oversubscribed with several duplicate and wrong and fake addresses. ELTCOIN encountered a few problems initially with a slow responding AIRDROP and did not find approvals to be listed in any of the exchanges.
However, they worked hard and quick and revamped the structure and rebranded to ELTCOIN. The aim is to be different and be better than any other existing cryptocurrency. It has a limit of 100,000,000 tokens and works on the Proof of Stakes (PoS) algorithm. 10 million tokens were allocated for the flash sale conducted in October 2017. The airdrop distributed about 8000 coins being free to the people.
The biggest benefit of the ELTCOIN is the robust backing the community is offering. The project is raw and after the initial setback, the developers are more determined to prove their honesty and sincerity. The price is low and interested investors may want to take benefit from it. After the restructuring, the project is more secure and faster.
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