Canada's largest exchange QuadrigaCX trading LTC

Canadian exchange QuadrigaCX has added Litecoin trading
18 July 2017   3855
Litecoin

Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency

Canada's largest crypto exchange, QuadrigaCX, has started trading Litecoin, as Charlie Lee, Litecoin's creator, reports on Twitter:

Trading started on July 17th with the addition of Litecoin trading on the exchange by way of a CAD/LTC trading pair. However, QuadrigaCX encourages its customers to take extra care when placing orders during this launch as the orderbook may be thin until more densely populated over-time.

CAD/ŁTC trading chart on QuadrigaCX CAD/ŁTC trading chart on QuadrigaCX

The news received an extremely positive feedback not only on Twitter, but also on reddit.com:

I'm Canadian and avoided your exchange because of no LTC. Finally I'll sign up.

 

shyliar
the user of reddit.com

As the company reports, in the future, they may also consider adding a XBT/LTC pair and possibly other tokens.

Users Suspected RusGas of Scam

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol
07 December 2018   97

The RusGas cryptocurrency project (RGS) demonstrates disturbing signs and releases new tokens in excess of the pre-set emission limit, Cryptovest reports. With an aggregate capitalization of $ 117, RGS trading volume for the last few days is $ 35,000. Events unfold against the backdrop of promises made by the project organizers about the upcoming restart.

Most of the RGS trade is focused on the Crex24 exchange, which has a daily  of $ 700,000. RusGas had a daily volume of several million dollars in its best days, which already then caused questions about the authenticity of this value.

According to CoinMarketCap, RGS emissions are limited to 10 billion tokens, but Etherscan indicates that currently 298 addresses contain 860 billion RGS. The rapid growth of emissions was recorded in recent days and hours. The largest wallet contains 99% of all tokens, which is probably the crex24 wallet. The developers themselves explain these movements to the next restart.

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol(PRL), when the additional issue feature was used in a smart contract.

The likelihood of such an outcome is a characteristic feature of projects based on the Ethereum protocol, which allows additional emission of tokens through a smart contract at the discretion of its owner, not to mention other vulnerabilities that cost investors a lot of money.

RusGas is based on the idea of ​​using tokens and blockchains to optimize the Russian gas industry. Despite the dubiousness of the project’s mission, the data on the network indicates that in April of this year he managed to raise $ 2.2 million for ICO.