Polkadot & Kusama ecosystem projects directory
Polkadot & Kusama ecosystem projects directory

Litentry

Data
Identity
Privacy
Litentry is a Decentralized Identity Aggregation protocol across multiple networks. It features a DID indexing mechanism and a Substrate-based credit computation network. The protocol provides a decentralized, interoperable identity aggregation service that mitigates the difficulty of resolving agnostic DID mechanisms. Litentry provides a secure vehicle through which users manage their identities and dApps obtain real-time credit/reputation of an identity owner across different blockchains.
Related Project:   Litmus  Litmus
Tokens:  LIT  
Status
Announced
 Testing
Parathread on Polkadot
Parathread
In Auction on Polkadot
Auction
polkadot
Polkadot
April 10, 2024
February 13, 2026
~662 days remained
Auction 15: WINNER
Leasing: June 4, 2022 - April 10, 2024
Crowdloan ID: 2013-35 
Funds Raised: 943 842 DOT ($6 993 870)
Leading Blocks:  100%
Project Auction Info:  crowdloan details 
Reward: 1 DOT : 8+ LIT
Crowdloan Cap: 3 000 000 DOT
Reward Pool: 20m of 100m (20%)
  • LIT rewards will be distributed linearly in each block (96 weeks)
  • The compensation ratio in case of failure is 0.12 LIT per 1 DOT
  • 10% ref bonus (split 5% to referrer & 5% to referred)
Show more auctions  
Auction 66: WINNER
Leasing: April 10, 2024 - February 13, 2026
Parathread ID: 2013 
Last Bid: 180 088 DOT
Leading Blocks:  100%
Slot Acquisition: self-funded
Screenshots (1)
Developer Activity
If you have a connection to this project, kindly Contact Us to keep the details current
Primary Token:
Price:
$1.12
Total Supply:
100 000 000
Circulating Supply:
49 980 862
Market Cap:
$55 957 961
Trading Vol 24:
$4 916 168
Crowdloan Reward Pool:
20 000 000 (20% of Total Supply)
LIT Distribution
News
Apr 5, 2024 at 00:20 UTC
Litentry is a Web3.0 identity aggregation protocol that enables cross-chain credit computations.
Last Bid: 180 088 DOT
Slot Acquisition: self-funded
Leading Blocks: 100%
Leasing Period: April 9, 2024 - February 13, 2026

Litentry has won Polkadot Auction #66
Feb 15, 2024 at 14:07 UTC
Jan 31, 2024 at 09:00 UTC
Dec 26, 2023 at 11:33 UTC
Nov 23, 2023 at 10:11 UTC
Nov 20, 2023 at 18:50 UTC
Nov 3, 2023 at 06:40 UTC
Sep 4, 2023 at 12:46 UTC
Aug 14, 2023 at 13:31 UTC
Apr 6, 2023 at 12:45 UTC
Oct 7, 2022 at 11:38 UTC
Jun 15, 2022 at 10:20 UTC
Jun 8, 2022 at 17:06 UTC
Feb 10, 2022 at 00:45 UTC
Feb 8, 2022 at 18:03 UTC
Feb 4, 2022 at 21:04 UTC
Jan 21, 2022 at 12:45 UTC

What is Litentry?

Litentry is a Decentralized Identity Aggregation protocol across multiple networks, it features a DID indexing mechanism and a Substrate-based credit computation network. The protocol provides a decentralized, interoperable identity aggregation service that mitigates the difficulty of resolving agnostic DID mechanisms. Litentry provides a secure vehicle through which users manage their identities and dApps obtain the real-time credit/reputation of an identity owner across different blockchains. Know more about Litentry.

Who are Litentry?

The team was founded in early 2019 and received a grant from the Web3 Foundation in their early stage. In October 2020, Litentry completed a million-dollar seed round of funding from FBG, Candaq, Hypersphere, Signum, Altonomy, and other crypto venture capitals. Litentry’s founder Hanwen Cheng is a former Software Engineer at Parity, with over 5 years of experience in blockchain and 7 years in Computer Science. Our development team is currently based in Germany, China, UK, and more countries with years of experience in the blockchain industry and a deep understanding of the Ethereum and Polkadot ecosystem.

What is LIT token and what is it for?

LIT token is the native cryptocurrency of the Litentry network and is issued by the Litentry Foundation. Litentry tokens LIT would be the driving force in the circulation in the DID ecosystem. Specifically, in our credit calculation system, each time a user sends a request to the network, they’ll be charged a gas fee in LIT tokens for the services. what happens next is the network allocates credit calculation tasks to several off-line workers and correspondingly rewarded them LIT tokens for their computational work. In addition, to encourage maintenance of the Litentry network, off-line workers will be rewarded LIT tokens for doing so.