Litentry (LIT)

IEO

Last updated: Jan 30, 2021

Litentry is a second layer protocol and infrastructure based on Substrate. It focuses on Identity of person and IoT devices, and the authorization and permissions granted by the Person or IoT devices.

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Overview

Project industry	Identity & Reputation / Ethereum Ecosystem
Project launchpad	Binance Launchpad
Product type	Technology
Founded	China
Whitepaper	Open

What is Litentry

Litentry is a network that supports DID aggregation protocol and a decentralized mobile application.

Litentry Network is built on top of the Substrate framework with the objective of enabling DID aggregation, verification, and credit calculation. It aims to simplify the process of resolving agnostic DID mechanisms by integrating DID standards into a modularized identity service.

The Litentry mobile application serves as a secure vehicle for users to collect their decentralized identities and manage them in one place. LIT token holders are also able to participate in on-chain governance in an efficient and secure manner.

Details

IEO (Binance Launchpad): Jan 29, 2021 - Mar 01, 2021
Token supply: 100,000,000 LIT

Legal

Registration year: 2020

Token info

Ticker: LIT
Type: Utility-token
Token standard: ERC20
Accepted currencies: BNB, DOT, BUSD
Token distribution:
15% - Litentry Technologies
15% - Litentry Foundation
8% - angel round private sale
50% - network incentives
12% - reserved for future sale