Today 3,600 new Litecoin will be mined. Yet, only 84 million will ever exist. People mine LTC as a reward, as it has open participation, fair and square since launch and new miners can join anytime. Proof of Work. These daily rewards, incentivizes miners to maintain network operations. This creates an economy that rewards those, all over the world, who help secure and validate transactions and gives PoW true decentralization. The network will continue to produce coins through mining until around the year 2142.(Litecoin Foundation ⚡️)