The Litecoin Foundation’s funds are almost exhausted, and after achieving more than $1 million in revenue last year, it has lost $70,000 this year. Li Qiwei, founder of Litecoin, said: "We just made a rough estimate. The current runway takes 1 to 2 years, depending on the financial situation of the Litecoin Summit." He further explained on Reddit: "We have about today. 200,000 US dollars, about 2 years of runway."