Feathercoin is an altcoin that was created based off Litecoin. There will be 336 million Feathercoins ever created as of the current design. The block reward is set at 80 Feathercoins per block and the block confirmation time averages 1 minute.
Feathercoin has a pretty good community backing it. The Feathercoin team is doing its community a huge favor by sending out hand-written weekly newsletters. It is also a fairly popular coin among GPU miners. Feathercoin recently had a hard-fork to switch its mining algorithm from Scrypt to NeoScrypt to make it ASIC-resistant for now.