Litentry LIT coin issuance price, total amount and white paper introduction

The Litentry LIT coin, issued at $0.03 during its ICO, boasts a total supply of 100 million tokens and serves as the platform's native token for governance, staking, and transaction fees.

Dec 30, 2024 at 12:56 pm

Litentry LIT Coin Issuance Price, Total Amount, and White Paper Introduction

Key Points

• Litentry is a decentralized identity aggregation platform that allows users to control their own data and identity.
• The LIT token is the native token of the Litentry platform and is used for governance, staking, and transaction fees.
• The LIT token has a total supply of 100 million tokens and was issued at a price of $0.03 per token during the initial coin offering (ICO).
• The Litentry white paper provides a detailed overview of the platform's architecture, technology, and tokenomics.

LIT Coin Issuance Price

The LIT token was issued at a price of $0.03 per token during the ICO. The ICO was held in December 2020 and raised a total of $3 million. The tokens were sold in two tranches, with the first tranche being sold at $0.03 per token and the second tranche being sold at $0.04 per token.

LIT Coin Total Amount

The LIT token has a total supply of 100 million tokens. Of this total supply, 40% was sold during the ICO, 30% was allocated to the team and advisors, and 30% was reserved for the ecosystem.

Litentry White Paper

The Litentry white paper provides a detailed overview of the platform's architecture, technology, and tokenomics. The white paper also discusses the team's vision for the platform and its potential applications.

White Paper Introduction

The Litentry white paper begins by introducing the problem of data silos and the need for a decentralized identity aggregation platform. The white paper then describes the Litentry platform and its key features. The white paper concludes by discussing the team's vision for the platform and its potential applications.

White Paper Highlights

• The Litentry platform is built on a decentralized infrastructure that is designed to be scalable, secure, and reliable.
• The platform provides a range of features that allow users to control their own data and identity, including a personal data vault, a privacy-preserving identity verification system, and a decentralized reputation system.
• The LIT token is the native token of the Litentry platform and is used for governance, staking, and transaction fees. The token has a total supply of 100 million tokens and was issued at a price of $0.03 per token during the ICO.

FAQs

What is Litentry?

Litentry is a decentralized identity aggregation platform that allows users to control their own data and identity. The platform provides a range of features that allow users to store their personal data securely, verify their identity without compromising their privacy, and build a decentralized reputation.

What is the LIT token?

The LIT token is the native token of the Litentry platform and is used for governance, staking, and transaction fees. The token has a total supply of 100 million tokens and was issued at a price of $0.03 per token during the ICO.

How does Litentry work?

Litentry uses a decentralized infrastructure that is designed to be scalable, secure, and reliable. The platform provides a range of features that allow users to control their own data and identity, including a personal data vault, a privacy-preserving identity verification system, and a decentralized reputation system.

What are the benefits of using Litentry?

There are many benefits to using Litentry, including:

• Increased control over your personal data and identity
• Improved privacy and security
• Reduced risk of fraud and identity theft
• Access to a wider range of services and applications
• Reduced costs for businesses and consumers

What is the future of Litentry?

The future of Litentry is bright. The platform is well-positioned to become a major player in the identity aggregation market. The team is committed to continuing to develop and improve the platform and to expanding its reach to new users and businesses.