|All Time High:|
|Market Cap: |
|The price of #LIT today is $0.78 USD.|
The lowest LIT price for this period was $0, the highest was $0.777, and the exact current price of one LIT crypto coin is $0.77697.
The all-time high LIT coin price was $14.77.
Use our custom price calculator to see the hypothetical price of LIT with market cap of BTC or other crypto coins.
|The code for Litentry crypto currency is #LIT. |
Litentry is 1.8 years old.
|The current market capitalization for Litentry is $21,547,386.|
Litentry is ranking upwards to #404 out of all coins, by market cap (and other factors).
|The trading volume is large today for #LIT.|
Today's 24-hour trading volume across all exchanges for Litentry is $18,168,520.
|The circulating supply of LIT is 27,732,686 coins, which is 28% of the maximum coin supply.|
|LIT is available on several crypto currency exchanges.|
|Note that there are multiple coins that share the code #LIT, and you can view them on our LIT disambiguation page.|
[AMA Recap] Litentry Roadmap, Team Structure & Utilities (20th October 2022)
Catch up on the latest discussion of the Litentry team during an AMA on their official Telegram channel. A big thank you to the members of the Litentry Team; Hanwen (Speaker), Jonathan (Speaker), Remy (Host), and Kai (Speaker). The aim of the AMA is to provide some clarity and insight on the latest Roadmap, Team Structure and Utilities provided within the Litentry Ecosystem. [Note: some of the text may have been edited for clarity and grammar.] — Segment #No1: Our x4 Team Members gave a brief intro and said ‘Hi’ to the group - [Jonathan]: “Hello everyone, this is Jonathan. I am the Web3 Product Team’s Tech Lead. I am in charge of overseeing the technical aspects of the development of our soon-to-come new dApp. I’m involved with Planning and take part in Product decisions too” [Kai]: “Hi I’m Kai, I’m working as the protocol team lead at Litentry (Parachain + Web3 Products). I’m mainly making sure the two teams are co-working seamlessly and steering the decision-making of strategic directions. [Hanwen]: “Hello everyone, I am Hanwen, the founder of Litentry. My focus is to fulfill the architecture described in the Litentry white paper, and to ensure the whole organization grows towards the same direction” [Remy]: “In previous days we received many comments and feedback from the community. We are happy that you guys could schedule some time to respond to some of the concerns of our community member...
Identity Hub: merging MyCryptoProfile and Drop3
After months of innovative experiments with identity development, Litentry is excited to announce that we are now building a new product that would bring more exciting identity solutions to the industry, while integrating all previous services from MyCryptoProfile and Drop3. That being said, My Crypto Profile and Drop3 will be merged into a single product called The Identity Hub. — First, let’s take a look at the original functionality of MCP & Drop3 - My Crypto Profile, also known as MCP, is a Web2-to-Web3 Identity Linking platform that provides automatic blockchain & social media account verification and witness services that allow users to link their Web2 and Web3 accounts along with their crypto wallet addresses, all in one place. Drop3 is a Decentralized Cross-chain Airdrop system, a middleware protocol for on-chain credit and reputation, and ultimately a new paradigm of substrate-based web3 TaskFi. Both of these products have been tested & validated with select partners and community users to validate whether they offer the right type of value to the ecosystem, end users, and solve a problem with their solution. — So why merge them? - The merge is the next logical step in the process as both products rely on one another to unlock the maximum amount of value to both the end user and web3 products & services. MCP allowed the user to prove ownership over their scattered digital accounts a...
The Parachain team has another round of testing completed on the bi-directional token bridge for Litentry Parachain. The plan is to go live with the functionality this month. However, due to the last event of the token bridge being exploited, we will monitor the bridge intensively and do extensive testing with our partners before releasing the bi-directional bridge to the public. Twitter and Discord identity verification functionality is now in a testing phase. The team put extra thought, effort, and functionality, 3rd party timeouts, and system problems into how we can handle multiple async Identity Management Pallet requests. This functionality is being merged this week. The shielding key problem has been resolved. This was a significant blocker. However, we can allow our UI to communicate securely with our Parachain and TEE Enclave. medium.com Work in progress: Ongoing research for creating a local and secure module for storing the user’s shielding key. The shielding key is used to encrypt and decrypt the communication messages between the Parachain and the user. Ongoing work for Polkadot updates and the Graph team — Identity Hub. — We have started converting the Identity Linking feature planning into actions and deploying Identity Hub to production for the staging phase. Staging environments are important and are made to test codes, builds, and updates to ensure quality under a production-like environment b...
The Litentry Orbit: Web3Go, AdMeta, and TDF Labs
Born out of passion and a strong belief in privacy & the right to true pseudonymity, Litentry sets itself the mission to empower Web2 users to regain control of their digital identity. In line with its mission, Litentry has been devoting to building a solid foundation, i.e. Litentry Parachain, and joining hands with other projects to connect to broader users. Up till now, three Web3 native projects — Web3Go, AdMeta, and TDF Labs — have joined Litentry’s orbit to power the Web3 space with a solid foundation in data analysis, advertising, and project building. — A Closer Look into the Orbit - Source Image: NASA Web3Go is a multi-chain all-in-one data platform providing rich web3 data services to users, developers, and project owners, including Go Analytics, Go Push , Go ID, built-in communities and data APIs., AdMeta is a privacy-preserving advertising platform tailored for Web3 and Metaverse, offering customized advertising services without compromising user privacy., TDF Labs is a brand-new entity. As an independent company, it aims to bring more projects to a decentralized future and inspire more innovation in the Web3 space. TDF is the acronym for the decentralized future., 💫 The three stellar projects were all initiated within Litentry, but then kept separate at the very beginning. This is done with intention and based on good reasons. — Different development stage - Founded in 2019,...
Litentry this week: verification in TEE, Kucoin supports Litmus deposit; Crab <> Litmus XCM
Parachain - The team is developing Twitter verification and discord verification in TEE-worker. This will allow identity linking with account in these platforms happen more securely and privately in the Identity Hub., The team is also in the research of supporting Bi-directional Bridge on Litentry parachain., — Identity Hub - Last week the team has been working on testing and fixing the new UI for ID Hub, and building a new website for 2C and 2B purposes. In short, the team aims to make the product look very nice and user friendly. — Governance - Last week we have submitted a new referendum (#1) about introducing an inflation model on LIT tokens. The referendum targets a 1.5 annual inflation rate in the first 6 months since inflation begins, which is when staking functionality is fully activated on Litentry, and a 2.5% rate thereinafter. This referendum sparks intense discussions in the Telegram chat, most of the opinions are against applying this model so soon. Considering the feedback and concerns from the community, we plan to revise the initial proposal and raise a new one. The new proposal will bring in a token-burning approach to offset the immediate effect of inflation on LIT. — Others - Kucoin has now opened the Litmus deposit service for Litentry (LIT). Users can check the Assets > Main Account > Deposit page and select the LIT Litmus network for transactions., XCM integration between Dar...
A Solidified Way to Better the Web3 Space — the Litentry Orbit
The Litentry Orbit — A Solidified Way to Better the Web3 Space - The Litentry Orbit Born out of passion and a strong belief in privacy & the right to true pseudonymity, Litentry sets itself the mission to empower Web2 users to regain control of their digital identity. In line with its mission, Litentry has been devoting to building a solid foundation, i.e. Litentry Parachain, and joining hands with other projects to connect to broader users. Up till now, three Web3 native projects — Web3Go, AdMeta, and TDF Labs — have joined Litentry’s orbit to power the Web3 space with a solid foundation in data analysis, advertising, and project building. — A Closer Look into the Orbit - Source Image: NASA Web3Go is a multi-chain all-in-one data platform providing rich web3 data services to users, developers, and project owners, including Go Analytics, Go Push , Go ID, built-in communities and data APIs., AdMeta is a privacy-preserving advertising platform tailored for Web3 and Metaverse, offering customized advertising services without compromising user privacy., TDF Labs is a brand-new entity. With the Governance app, it aims to bring more projects to a decentralized future and inspire more innovation in the Web3 space. TDF is the acronym for the decentralized future., The three stellar projects were all initiated within Litentry, but then kept separate at the very beginning. This is done with intenti...
Litentry this week: Litmus Balance Transfer & Identity Management Pallet
Identity Hub: - Identity Hub Phase 1 is expected to be ready for testing (Fron-end migration is closing, and Back-end migration is 90% finished). Phase 2: Identity Quest development started last week, Quest Creation will be completed and the product documentation for the Identity Linking Parachain version is ready to be reviewed. Parachain Identity Linking Product Requirement discussion to define architecture & schema’s: Create Identity Management Pallet (IMP), Create a Link Credential extrinsic, Create a Verify Credential extrinsic, Create VC Generated extrinsic, — Parachain: - The bi-directional token bridge and balance transfer #Litmus parachain have been enabled, it’s an important step toward community governance. In two weeks, sudo permission on #Litmus will be removed, after which all on-chain changes on #Litmus will have to go through and be stewarded by community governance. The next stage is the roll-out of the Staking pallet is going to be done step-by-step. The main focus is still on the Identity Management Solution. We have defined a development timeline and assigned tasks. Currently focusing on the following: Shielding Key (securing communication from the F/E to the TEE Enclave), Public verification for Discord and Twitter Web2 platforms, Ruleset — Link and verify a Web2.0 and Web3.0 accounts which will generate a Verifiable Credential (VC), Litentry Parachain explorer is now LIVE on litentr...
Litentry this week: ID Hub hase 1 will be finished this week; fixed issues in bi-directional token…
Litentry this week: ID Hub Phase 1 will be finished this week; fixed issues in bi-directional token bridge - — Identity Hub - The development in Phase 1 will be finished by the end of this week. In this phase, we will finish merging MyCryptoProfile’s existing feature to Identity Hub, and apply new UI to the platform. The arthitecture v2.1 consolidation is under testing. — Parachain - We received feedback on problems in the bi-directional token bridge where the network is unable to estimate gas fee. The problem has been fixed now, we will activate the bridge this week., Adding Email, Twitter, Discord Verification features to TEE. This allows identity verification to be run in a privacy-preserving manner. This week we just finised the prototype verification of email and oauth verification via micro-service in TEE., Improving the weights calculation of Staking Pallet, will start to roll it out very soon!, — Mobile App - We created user scenarios to ensure we are covering the core value proposition., Later this week we will have a session with Polkadot Council to validate new UI/UX improvements and clarify questions regarding Polkadot Governance 2.0., — Others - LIT token has been added to Bubblemaps, which visualized wallets with high transfer volumn and how they are correlated with other wallets. — About Litentry - Litentry is a Decentralized Identity Aggregator that enables linking user...
Litentry this week: XCM Litmus <> Moonriver is now available; Bounty and Tips pallet is deployed…
Litentry this week: XCM Litmus <> Moonriver is now available; Bounty and Tips pallet is deployed to Rococo - — Parachain - The team has completed staking and bi-directional pallet functionality. The Bi-directional unit test has been completed., XCM transfer LIT from Litmus to Moonriver is now available. LIT can be deposited on Moonriver and used as xcLIT. This integration brings native cross-chain capabilities to the future of interoperability., Bounty and Tips pallet is deployed to Rococo, but this is currently not deployed on Litmus/Litentry until we have a UI in place. (Bounty is a way to delegate oversight of a project to experts; Tips are a way to reward work that has been done.), — Identity Hub - Identity Hub UI progress is going well according to the plan. The front end is now migrated into Next.js and was released to production., Identity Quest is a feature with quests that reward users for fulfilling specific quests related to ID. The team is actively discussing deliverables and expectations for Identity Quest’s launch, — Mobile App - Ongoing research of Polkadot Governance 2.0 and its impact on our current app flows, The team is working on some final improvements and internal feedback for new screens in our UI/UX improvements, — About Litentry - Litentry is a Decentralized Identity Aggregator that enables linking user identities across multiple networks. Featuring a DID index...
Litentry this week: Litmus Integrates With Moonriver, Bringing LIT to the Moonriver Ecosystem
Parachain - Moonriver’s integration with Litmus, Litentry’s sister network on Kusama, Litmus’ token LIT can be deposited on Moonriver and used as xcLIT. This integration brings another XC-20 token to the Moonriver DeFi ecosystem and with it, future cases for Litmus’ decentralized identity aggregation service through XCM, Kusama’s native cross-chain capabilities. The bi-directional bridge and staking are in the final phase of testing. We are preparing for the release. Staking pallet activation in upcoming weeks through several steps, so a rollout of a fully-functioning staking pallet will only be done within a few weeks. Litentry has distributed all rewards to its Crowdloan contributors and Failure Compensation batch 1 &2; our journey to Parachain is not a single leap of faith but is step-by-step progress. Huge thanks to our beloved community! Your support and engagement have meant the world to us. — Identity Hub - The Parachain team will develop the on-chain VC generation feature, and this will be enabled in the ID Hub's first launch. Identity Hub will develop the identity quest feature, this feature is broken down into 3 parts: Quest creation, Quest participation, Reward Distribution., We will be entering the phase of moving the technical components of data aggregation from MCP to Parachain, and both teams are in communication of nailing down the data aggregation functionality in TEE and working on...
More Litentry (#LIT) News
|Litentry Breaks Out Of A Descending Triangle, Can Bulls Hit $1.2?
LIT price creates more bullish sentiment as price hold above daily 50 EMA
LIT looks more stable as bulls breakout of a descending triangle
The price of LIT could face major resistance at $1.2
Litentry (LIT) has had a rough start to the year, but that could be shelved aside as the price looks more bullish recently against tether (USDT). Litentry (LIT) price has seen more of a downtrend in the bear market than an upside with the price struggling to regain the bullish structure and has failed each time with Bitcoin (BTC) price falling to a region of $18,700 affecting the price of the altcoin. (Data from Binance)
Litentry (LIT) Price Analysis On The Weekly Chart
The crypto market hasn't had the best price movement in recent times, but this can not rule out that some crypto assets have continued to show great strength bouncing from their lows and breaking out of their downtrends to establish a bullish momentum.
Despite showing less price movement in recent weeks as the price continued to trade below the key resistance level of $0.7, preventing the price of LIT from rallying high.
The price of LIT closed the weekly price looking more bullish as bulls pushed the price to break the resistance at $0.7, setting up a more bullish price movement ahead of the new week for the price of LIT.
The price of LIT faced price rejection from a region of $0.75 from trending higher after the news from the Consumer Price Index (CPI) and Federal Open Market Committee (FOMC) had a negativ...