The Ballet Litecoin Edition is an auction that starts today, November 13th, dedicated to 22 batches of the new Litecoin crypto Ballet physical wallets ( so, non-electronic), signed directly by the founder of Litecoin, Charlie Lee, and from which proceeds will be donated to the Litecoin Foundation.
— Litecoin Foundation (@LTCFoundation) November 13, 2019
In detail, the auction will include the batches with final serial code numbers (the first is AA060001) ranging from 1 to 21 and the number 84.
According to the report, the auction will start from an initial bid for each batch of 0.004 BTC which is equivalent to the retail price, after which it will be possible to increase the bid by a minimum of 0.001 BTC.
It is also specified that bids are valid for 10 minutes and that this auction will continue until there are no more bids for the remaining 10 minutes. The auction is scheduled to close on Monday, November 18th at 6:00 PM EST (New York time).
The Litecoin Foundation and its CEO, Charlie Lee, have launched this initiative to extend the adoption of digital silver to those who prefer to have a non-electronic wallet while still having their applications connected to it.
The Ballet website provides details of the new product. Here’s how it’s described:
“REAL is Ballet’s first product. It is a non-electronic physical cryptocurrency wallet, with multicurrency support, providing 100% offline cold storage. It comes in a variety of finishes, each with a different primary coin, allowing for direct deposits”.
In addition, it seems that the physical crypto wallet does not use any particular installation or KYC procedures. Its use is actually simple through an app available for both iOS and Android that allows sending and receiving crypto, verifying the value on the market and activating any additional currencies.
At the moment, the crypto wallet mainly supports 23 cryptocurrencies such as BTC, LTC, ETH, XRP, LEO, DOGE and BNB. But it seems that already 11 more cryptocurrencies are about to be added.
Ballet is a physical crypto wallet, with no connection to the project of the Litecoin Foundation, which at the end of October announced the new version of the LoafWallet, defined as the best Litecoin wallet, renamed to LiteWallet.
LiteWallet is the new version of the iOS app (vs.4.0) and includes Litecoin purchases and LTC donations directly to the Litecoin Foundation.