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Bittime -Litentry (LIT) is a decentralized platform that delivers innovative digital identity solutions for the Web 3.0 era. This platform allows users to control their personal data safely and easily, and opens up new opportunities in the world ofblockchain.
What is Litentry (LIT)?
Litentry (LIT) was founded in 2020 with the aim of solving digital identity problems in the blockchain world. This platform allows users to:
- Create verified digital identities: Users can create secure and verified digital identities, which can be used for various applications across different blockchains.
- Manage personal data: Users have full control over their personal data and can choose what data they want to share with other apps and services.
- Access various services: Litentry allows users to access various services in the blockchain world, such as DeFi, NFT , and DAO, with their digital identity.
Litentry (LIT) Key Products & Features
- IdentityHub: A decentralized digital identity platform that allows users to create and manage their digital identities.
- DID Oracle: An oracle service that provides verified digital identity data for blockchain applications and services.
- Verifiable Credential: Solution for issuing and verifying secure and trusted digital credentials.
- Data Marketplace: A decentralized data marketplace where users can buy and sell their personal data securely.
What is LIT Token?
LIT token is the native utility token of the Litentry platform. This token is used for:
- Paying fees : Users need to use LIT tokens to pay transaction fees on the Litentry platform.
- Staking : Users can stake LIT tokens to earn rewards and help secure the Litentry network.
- Governance : LIT token holders have the right to participate in the governance of the Litentry platform.
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Tokenomic Litentry (LIT)
- Total Supply : 100,000,000 LIT
- Circulating Supply : 39,619,383 LIT
- Market Cap : IDR 765,743,662,228 (as of 23 February 2024)
Litentry (LIT) Fundamental Analysis
Source: Bittime.com
- Strong team : Litentry has an experienced team with backgrounds in blockchain, security, and identity technology.
- Innovative technology : Litentry uses the latest blockchain technology to deliver secure and decentralized digital identity solutions.
- Strategic partnerships : Litentry has established partnerships with several leading blockchain projects, such as Polkadot, Kusama, and Moonbeam.
Comparison of Litentry (LIT) & Competitors
Feature | Litentry | Sovrin | Civic |
Technology | Substrate | Hyperledger Indy | Ethereum |
Focus | Multi-chain | Self-sovereign | Identity verification |
Main feature | DID Oracle, Verifiable Credential | Sovrin DID, Issuer Toolkit | Identity Verification, DID Management |
Token | LIT | SOV | CVC |
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Founder & Litentry Team (LIT)
- Pengbo Wang : CEO and Co-founder
- Dong Xu : CTO and Co-founder
- Wayne Xu : CMO and Co-founder
Expert Opinion About Litentry (LIT)
- "Litentry is an innovative digital identity solution and has huge potential to change the way we interact with the blockchain world." - Dr. Gavin Wood, Founder of Polkadot
- "Litentry is a very important project for the future of Web 3.0." - Tim Draper, Draper Fisher Jurvetson
Litentry Conclusion (LIT)
Litentry (LIT) is an innovative digital identity platform with huge potential to change the way we interact with the blockchain world. The platform offers a secure, decentralized and easy-to-use solution for managing personal data and accessing various services in Web 3.0 .
How to Buy Litentry (LIT) on Bittime
You can buy and sell Litentry (LIT) tokens in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappbeti. LIT is available on Bittime with the LIT to IDR pairing
To be able to buy LIT/IDR tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of Bittime assets is IDR 10,000. After that, you can make LIT purchases in the application. More Complete Guide How to Buy Litentry (LIT) on Bittime
Monitor price chart movements of Litentry (LIT) , Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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