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Litentry

LIT

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

About Litentry

LIT is the native token of the Litentry parachain network. Litentry is a Decentralized Identity Aggregator, supporting on-chain identity verification and management for decentralized applications and their users.

Litentry (LIT) is a decentralized identity aggregation oracle that strives to enhance the management and authentication of identities across blockchains. Constructed on the Substrate framework, it is tailored for Polkadot, EVM-based platforms, and other multi-chain ecosystems. Litentry utilizes Trusted Execution Environments (TEE), verifiable credentials, and customizable score computation to initiate a new era of digital identity. Its flagship product, the IdentityHub, aims to transform how identities are managed across blockchains. Litentry's approach to identity is user-centric, bridging both Web2 and Web3, and provides a comprehensive suite for user activity and identity data management.

Litentry operates by enabling users to link their identities in a privacy-preserving context. It strives to give users full control over their personal data and enable them to gain social and economic value from it. The protocol can be adopted in on-chain reputation, governance, DeFi, and customized data services. Litentry's infrastructure, where identity data progresses from a disordered and scattered state to a structured state, consists of three core layers that create a verifiable, privacy-enhancing identity computation process. These layers include the source data layer, address analysis layer, and identity aggregation layer. The functionality of the Litentry protocol is divided into three main stages: linking sensitive identities, generating scores and credentials, and issuance of verifiable credentials.

Litentry's identity aggregation and privatized verifiable credentials can be useful in several situations. These include airdrop whitelisting, audience selection & community insights, soulbound tokens or NFTs, Web3 native job markets, credit scores, and cross-platform reputation. For instance, the Litentry identity verification system allows crypto projects to identify and filter out low-quality engagement in an airdrop. Additionally, decentralized identities allow communities and projects to gain a better understanding of their audience and reward them for sharing their pseudonymous identity data.

Litentry was founded by Hanwen Cheng, a former Software Engineer at Parity. While working on a Signer project at Parity, he realized the need for an interoperable identity system and started a side project, which eventually became Litentry. In 2019, after building his team and taking the project more seriously, Litentry began its journey: they received a grant from the Web3 Foundation, then significant funding from FBG, Candaq, Hypersphere, Signum, Altonomy, and other crypto VCs. The team also strives to be listed on major exchanges.

Market

United Kingdom Market Stats

Market cap

£34.1M

Volume (24h)

£3.8M

Circulating supply

39.6M LIT

Typical hold time

11 days

Popularity

#658

All time high

£11.75

Price change (1h)

-0.76%

Price change (24h)

-4.34%

Price change (7d)

-5.13%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about Litentry on social media

9 unique individuals are talking about Litentry and it is ranked #1,753 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Litentry has an average sentiment score of 3 out of 5. Finally, Litentry is becoming more newsworthy, with 0 news articles published about Litentry. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Litentry. There were 0% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Litentry. 100% of tweets were neutral about Litentry. These sentiments are based on 3 tweets.

On Reddit, Litentry was mentioned in 0 Reddit posts and there were 0 comments about Litentry. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

9 people

Volume rank

#1,753

Average Sentiment

3 out of 5

Twitter

Litentry is on the decline this week.

The price of Litentry has decreased by 0.76% in the last hour and decreased by 4.34% in the past 24 hours. Litentry’s price has also fallen by 5.13% in the past week. The current price is £0.87 per LIT with a 24-hour trading volume of £3.80M. Currently, Litentry is valued at 92.59% below its all time high of £11.75. This all-time high was the highest price paid for Litentry since its launch.

The current circulating supply of Litentry is 39,619,382.63 LIT which means that Litentry has as total market cap of 39,619,382.63.

FAQ

What is the current price of Litentry?

We update our Litentry to GBP currency in real-time. Get the live price of Litentry on Coinbase.

What is the market cap of Litentry?

The current market cap of Litentry is £34.09M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Litentry?

The all-time high of Litentry is £11.75. This all-time high is highest price paid for Litentry since it was launched.

What is the 24 hour trading volume of Litentry?

Over the last 24 hours, the trading volume of Litentry is £3.80M.

What other assets are similar to Litentry?

Assets that have a similar market cap to Litentry include Toshi, Sentinel, Enzyme, and many others. To see a full list, see our comparable market cap assets.

How many Litentry are there?

The current circulating supply of Litentry is 40 million.

What is the typical holding time of Litentry?

The median time that Coinbase customers hold Litentry before selling it or sending it to another account or address is 11 days.

What is the relative popularity of Litentry?

Litentry ranks 273 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Litentry?

Currently, 75% of Coinbase users are buying Litentry. In other words, 75% of Coinbase customers have increased their net position in Litentry over the past 24 hours through trading.

Can I buy Litentry on Coinbase?

Yes, Litentry is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Litentry guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024