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Charlie Lee Tempts Destiny, Offloads Bodily Litecoin Collectibles in Public sale

By CCN: Charlie Lee is promoting extra Litecoin, however not of the digital selection. After liquidating his LTC portfolio at year-end 2017, the Litecoin creator is now auctioning off what he describes as “distinctive collectibles”. These are greater than a dozen bodily cash with labels which might be signed by Charlie Lee himself. Lee said on the Bitcoin Discussion board:

“I acquired a few of my Lealana 25LTC & 10LTC cash graded by ICG. The labels of those cash are signed by me. There are a complete of 5x 25LTC cash and 8x 10LTC cash. I’ve no plans to do any extra of those. The 10LTC are the primary concern ones with the bump within the again behind the hologram.”

A self-proclaimed “BTC fanatic” bought one in all Lee’s Lealana Litecoin collectibles ultimately weekend’s Magical Crypto Convention in New York. He tweeted:

“It’s loaded with 10 LTC. There’s a non-public key hid with a tamper-proof hologram on the obverse of the coin.”

Snagged this lovely, autographed 10 $LTC silver Lealana from @SatoshiLite at #MCC2019 this weekend. He is acquired a number of extra autographed cash he is auctioning off:

— Nick Foley (@BookofNick) Could 14, 2019

Litecoin’s Finite Provide

Lee had the cash assessed by Impartial Coin Graders, which assigns an goal ranking to the coin based mostly on options reminiscent of situation and uniqueness. Much like the cryptocurrency, Charlie Lee has solely signed a finite quantity, which in and of itself bolsters the worth. Litecoin the cryptocurrency has a finite provide of 84 million cash vs. bitcoin’s 21 million.

Bidding for the Litecoin collectibles begins at zero.1 LTC and he’s additionally accepting funds in BTC. The public sale ends on Could 15.

First lot of Litecoin collectibles. | Supply:

Second Lot of Litecoin collectibles. | Supply:

And the Hits Simply Carry on Coming

Lee has seemingly been making an attempt to make the crypto ecosystem neglect that he stable his Litecoin portfolio on the peak worth of roughly $300 per coin. That was simply earlier than the underside fell out within the bitcoin worth and crypto winter set in.

Now that his digital LTC portfolio is empty, he’s moved on to the collectible model. This didn’t relaxation nicely with everybody on the Bitcoin Discussion board, with one person quipping:

“I’m sorry however I believe this public sale is in poor style. The man made thousands and thousands and had 1000’s and 1000’s of litecoins and offered all of them at $300 and he has the audacity to promote these cash for his personal revenue? Donate the proceeds or one thing. I’m sorry, I don’t imply to be impolite however this simply doesn’t sit proper with me.”

Lee responded:

“Thanks for talking your thoughts. I’ve donated some huge cash. The amount of cash I’ll make from these cash pale compared to how a lot I’ve donated and can donate. So saying I’ll donate the proceeds is simply advantage signaling. I made these signature cash not as a result of I need to gouge individuals of extra money. However I can see the way it can come off this fashion. My objective was to really create a novel collectible. I believed they turned out nice. I believe individuals on this discussion board will respect it.”

Regardless of how laborious he tries, Charlie Lee retains bumping into the crypto PR machine that – relating to Litecoin – by no means appears to give up.

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