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LTE is a TOKEN built upon the original core code of LitePal, incorporating smart account functionality. It distributes tokens using a method similar to ETH’s “Proof of Processed Payments” (PoPP). LTE also serves as a verifiable means to identify users and allocate new tokens to the system. When users complete legitimate transactions on the chain, it speeds up contract execution, incentivizing the value of LTE which is more scarce in total quantity, thereby fostering ecosystem development.
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