FAQ

Open source is a type of software that is developed through public collaboration and made available to the public for free. The source code is available for anyone to use, study, modify, and redistribute.

Lite.Space is an initiative of The Litecoin Foundation, a Singapore-registered non-profit (UEN: 201709179W). We advocate for Litecoin (LTC) adoption, education, and development. Our platform supports Litecoin Core contributors and open-source tools through sustainable funding. Donors can fund specific projects or contribute to our general fund, which we use to grant money to projects enhancing Litecoin infrastructure.

support@Lite.Space or tweet @LTCFoundation. Our mailing address: Litecoin Foundation Ltd., 111 North Bridge Rd, #08-11 Peninsula Plaza, Singapore 179098.

Our council distributes funds from the general fund quarterly. We prioritize impactful Litecoin projects. Additionally, donors can recommend specific mission-aligned open-source projects for funding. While we consider donor recommendations, the final decision on distribution remains with Lite.Space.

85% of donations to the general fund and specific open-source projects go to grant recipients, the other 15% fund the operations of Lite.Space.

Grants are given in Litecoin.

We employ BTCPay Server and Electrum-LTC for on-chain Litecoin donations. All donations are stored in a multi-sig wallet overseen by our council.

Currently, Lite.Space, under The Litecoin Foundation in Singapore, doesn't offer tax deductions for American Citizens. We're working on this feature. For substantial donations, U.S. citizens should support@Lite.Space.

Our Council comprises five members. Standard decisions are made by a simple majority (3-2), whereas council-specific changes necessitate a 4-1 majority. We publicly announce new Council members.

We declare funding opportunities quarterly, based on available funds. Projects should be open-source, related to Litecoin, or support Litecoin usage and align with our mission.