Hello phatagiro and welcome to your family here at LTB
Let me answer your question bit by bit
First, LTBcoin is a brand new kind of thing. It is a crypto-rewards system where people who help LTB to be useful are rewarded for their efforts. And it’s built on Bitcoin!
LTBcoin is the proprietary token for the Let’s Talk Bitcoin Network. It is the exclusive token accepted for sponsorships. It will provide the user a significant discount in the network wide and ACT-specific e-commerce stores. It can be used in the network for tipping and will generally be useful in every corner of the LTB universe.
LTBcoin is a user-defined asset using the Counterparty protocol. Counterparty is built on Bitcoin and is secured by the Bitcoin network. Because of this, LTBcoin addresses are exactly the same as Bitcoin addresses. LTBcoin can be traded on the Counterparty distributed exchange for Bitcoin, XCP or other user-defined assets. If you haven't got a Counterpart wallet yet, visit Counterwallet.co.
Regarding Mining LTBcoin
LTBcoin does not use computational mining. Instead, coins are distributed to the content creators, the community and the platform according to a fixed schedule. After a period of 260 weeks (5 years), all coins will be distributed and no new coins will be created.
LTBcoin is mined by PoP, Proof of Participation. Essentially if you read or listen to podcasts on the Let's Talk Bitcoin website, you have just participated in PoP.
LTBcoin is also mined by PoV (Proof-of-Value), and PoQ (Proof-of-Quality). If you create a show, or write an article (or ever wanted to!) either by yourself or as part of an ad-hoc group formed for the task on the forums, you’ll earn LTBCOIN not only when we publish your work to our audience (PoV), but again a month later when the performance of your work is compared against all the other work published during that week (PoQ), and then rewarded again!
More about PoP https://docs.google.com/document/d/1L7HmE8IupFiSrfqk9BgNa4Zg9XogqtScyQjTw0k2xCc/edit
More about PoV https://docs.google.com/document/d/1VogMc11WOeWB_OrcsIGD_J7F02KZ0I5zlDYTma7FJkA/edit
More about PoQ https://docs.google.com/document/d/1HBbuN8rmrH22kXSYiDZaRv9aR7MVrI4FB8fSrSQ37tc/edit
Regarding the exchange, currently you can exchange at the counterwallet built-in exchange platform and Melotic.com, but I prefer Melotic because the counterwallet exchange fees are ridiculous.
Ask any more question if you've and I will be watching this thread and happy to answer them all.
Enjoy your stay and I wish you happy mining :)
