|All Time High:|
|Market Cap: |
|The price of #LIT today is $0.66 USD.|
The lowest LIT price for this period was $0, the highest was $0.658, and the exact current price of one LIT crypto coin is $0.65848.
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 ETH or other crypto coins.
|The code for Litentry crypto currency is #LIT. |
Litentry is 2.6 years old.
|The current market capitalization for Litentry is $18,261,380.|
Litentry is ranked #421 out of all coins, by market cap (and other factors).
|The trading volume is big today for #LIT.|
Today's 24-hour trading volume across all exchanges for Litentry is $6,847,930.
|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.|
Introducing IdentityHub Alpha
We are pleased to announce the launch of IdentityHub Alpha, our latest identity management tool that prioritizes privacy and security. IdentityHub (IDHub) Alpha enables users to link their identities, maintain a trust score, and generate verifiable credentials for controlled access and data sharing to blockchain applications. It is a solution to the privacy problem caused by misusing user data. Users can control who can access their data without revealing personal information or wallet address. Service providers can offer targeted services with authorized personal data and protect user data rights. Creating an identity on IDHub ensures personal data protection and an anonymous yet richly identifiable web browsing experience. — Features - IdentityHub Alpha has 3 components that work together to provide a seamless and secure experience for users managing their digital identities.Core features in the IdentityHub Alpha Verifiable Credentials (VCs): VCs serve as a robust and tamper-proof container for user data. They allow users to share specific aspects of their personal information with decentralized applications (dApps) or enhance their IDHub Score, minimizing the risk of data breaches and unauthorized access., Web3 User Score: This is a conceptual scoring system that assesses a series of web3 and web2 user behaviors using verifiable credentials, creating a reliable and intuitive user rating metric. Projects can customize ...
Litentry ID Hub x Marketing Knock Token DAO Partnership Announcement
We are pleased to announce our partnership with Marketing Knock Token DAO (MKT DAO), a Web3 creative production team. As creators of Identity Hub, We are committed to developing an identity application that enables users to have self-sovereign control over their identity data. We believe that collaborating with MKT DAO will help us accelerate our growth and expand our reach in the market. During our collaboration with MKT DAO, we have identified several innovative strategic concepts and brand marketing ideas that we believe will help us achieve our objectives. We are excited to introduce our platform to the market with a more creative and user-friendly brand image, enabling users to better understand the benefits of our platform. We recognize that no partnership is without its challenges, and we are committed to working closely with Marketing Knock Token DAO to address any issues that may arise. As we move forward, we will continue to collaborate with Marketing Knock Token DAO to explore new opportunities and ensure that our partnership benefits all stakeholders. Our partnership with Marketing Knock Token DAO is a significant step forward for Identity Hub, and we are excited about the opportunities it will bring. We look forward to collaborating with Marketing Knock Token DAO and achieving our mutual goals. — About Marketing Knock Token DAO - Marketing Knock Token Dao is a Web3 creative production team. Their first ai...
Where We’ve Been, Where We Are, and Where We’re Going
Dear Litentry Community, We can’t believe it’s almost the end of the year! Whether you’re new to the Litentry family or have been with us for a while, we want to express our gratitude for your support. Your ideas, questions, and discussions have played a major role in our efforts to reclaim data ownership and privacy, and we appreciate your contribution. This year has been challenging for many people and industries, including the crypto and Web3 sectors. However, we have made significant progress and seen improvements despite the challenges. Sometimes building during difficult times can provide a clearer focus and allow us to take the time to carefully develop our projects rather than getting caught up in market hype and rushing things. As a company that values transparency and communication with our community, we want to share our progress and plans for the coming year. In this article, we will provide an overview of the developments and achievements we have made in 2022, starting with the growth and changes in the Litentry ecosystem. Some of that growth came in the form of a great increase in followers and active engagement on platforms. We are thrilled by the support and enthusiasm of our online community and look forward to continuing to connect with them and bringing our support and education into the Web3 space. Twitter: 72,000+ Telegram: 8300+ Discord: 2,330+ Medium: 4,600+ In the past year, our ecosystem has gr...
[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...
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...