Litentry LIT coin issuance price and issuance quantity introduction

The initial issuance price of LIT Coin during its ICO in December 2020 was set at $0.025 per token, establishing a benchmark for its subsequent performance and value appreciation.

Dec 28, 2024 at 09:37 am

Litentry LIT Coin Issuance Price and Issuance Quantity Introduction

Key Points:

• Understanding LIT Coin's tokenomics and issuance details is crucial for comprehending its value and potential.
• LIT Coin operates on a dual-token model, consisting of LIT and RNT tokens.
• The initial issuance price of LIT Coin played a vital role in establishing its market value.
• The total supply of LIT Coin and its distribution are key factors in determining its scarcity and potential price appreciation.

Issuance Price of LIT Coin

• Initial Coin Offering (ICO): LIT Coin was initially offered through an ICO in December 2020.
• Issuance Price: During the ICO, LIT Coin was issued at a price of $0.025 per token.
• Significance: The ICO price serves as a benchmark against which the coin's subsequent performance and value appreciation can be measured.

Issuance Quantity of LIT Coin

• Total Supply: The total supply of LIT Coin is fixed at 300,000,000 tokens.
• Circulating Supply: The number of LIT Coins currently in circulation is approximately 120,000,000 tokens, subject to network activity and token burn mechanisms.
• Distribution: The LIT Coin supply is distributed among various stakeholders, including early investors, the project team, and the community through token sale events and reward programs.

Tokenomics of LIT Coin

• Dual-Token Model: LIT operates on a dual-token model, where LIT is the utility token and RNT is the governance token.
• Utility Token (LIT): LIT is used for network transactions, staking, and interacting with decentralized applications on the Litentry network.
• Governance Token (RNT): RNT is used for governance purposes, allowing holders to participate in network decision-making and protocol upgrades.

LIT Coin's Value Proposition

The value of LIT Coin is derived from its utility and governance functions within the Litentry ecosystem:

• Network Participation: LIT is used to incentivize network participants, such as stakers, node operators, and data providers.
• Data Management: LIT enables users to manage and control their identity and data on the network.
• Governance: RNT grants holders voting rights to influence the direction and development of the Litentry protocol.

FAQs

1. What is the current price of LIT Coin?
The current price of LIT Coin can be found on cryptocurrency exchanges and tracking websites.

2. Where can I buy LIT Coin?
LIT Coin can be purchased on various cryptocurrency exchanges, including Binance, Huobi, and OKEx.

3. What is the future potential of LIT Coin?
The future potential of LIT Coin depends on the growth and adoption of the Litentry ecosystem, as well as overall market conditions and tokenomics dynamics.

4. How can I stake LIT Coin?
LIT Coin can be staked on the Litentry network using a compatible wallet or third-party staking services.

5. What are the benefits of staking LIT Coin?
Staking LIT Coin earns rewards in the form of additional LIT tokens and contributes to the security and stability of the network.