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Price
$0.59
9/29/2022, 12:27:24 PM
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Keep an eye on Litentry

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Market

Market stats

Market cap

$22.0M

Volume (24h)

$3.7M

Circulating supply

37.6M LIT

All time high

$14.73

Price change (1h)

-0.44%

Price change (24h)

+0.99%

Price change (7d)

-1.87%

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Litentry is on the decline this week.

The price of Litentry has fallen by 1.87% in the past 7 days. The price increased by 0.99% in the last 24 hours. In just the past hour, the price shrunk by 0.44%. The current price is $0.585072 per LIT. Litentry is 96.03% below the all time high of $14.73.

The current circulating supply is 37,619,382.63 LIT.

About

What Is Litentry (LIT)?

Litentry (LIT) is a Decentralized Identity Aggregator that allows connecting of user identities across numerous networks. The platform delivers a safe vehicle through which users can control their identities, and Dapps acquire real-time Decentralized Identity (DID) of identity owners across various blockchains. As per its whitepaper, the platform seeks to be the Parachain of the Polkadot Network. Parachain is a data structure that is application-specific and globally rational, validated by the relay chain validators.

As per the Litentry website, Decentralized Identity distinguishes from traditional Identity by its generation techniques, which don't involve scrutinization and centralized control. As Web3 grows, more DID is generated on-chain. This data stays on various networks due to its favorably fragmented character. Still, the current Web3 infrastructure, identical to the internet, does not conveniently connect and combine across other networks, therefore offering problems from a data management perspective. By indexing the data across blockchains, data pieces are removed from the remote data islands, allowing data owners to manage and leverage according to their choice.

A detailed identity image is assembled from fragmented, singular identities to aggregated ones. This aggregated DID completely conforms to the World Wide Web Consortium (W3C) DID standards and can potentially fix most tech companies' isolated ID registry systems. Litentry DID-aggregation allows a platform-agnostic identity design that eradicates the account registration procedure for users and the coding work of creating a new registry method for developers.

LITtoken is native to the platform. The LIT token must be paid to the network to reimburse for the validator's efforts. The LIT token is utilized as a reward for validators. The LIT token is needed as a stake, and the identity registrar could deliver decentralized judgments for users. For examined DeFi lending assistance with Identity combined, Litentry provides LIT token as a deposit currency. If the user has an increased credit score, it leads to a decrease in the deposit.

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FAQ

What is the current price of Litentry?

The price of 1 Litentry currently costs $0.59.

What is the market cap of Litentry?

The current market cap of Litentry is $22.00M. 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 $14.73. 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 $3.70M.

What other assets are similar to Litentry?

Assets that have a similar market cap to Litentry include Rarible, Pitbull, Kin, 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 38 million.

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