Former Google employee Charlie Lee created Litecoin in 2011. He released the Litecoin software via the popular Bitcointalk forum, describing it as an effort to be the silver to Bitcoin's gold. Lee launched Litecoin with a pre-mine of just 150 LTC. In his post presenting the network, he stressed the importance of a fair distribution via block rewards. After the network went live, Lee founded the Litecoin Foundation — where he continues to serve as managing director. The organization supports Litecoin adoption through partnerships with companies from a range of industries. In December 2017, Lee attracted criticism for selling most of the LTC he mined in the network's early days. His exit coincided almost perfectly with the all-time high Litecoin price. In his defence, he stated that the LTC price had become a distraction, and he felt that holding the cryptocurrency represented a conflict of interest.
Xinxi Wang is cofounder of LTCFoundation.