What is the issuance price of Litentry LIT coins?

Litentry (LIT), a decentralized identity solution, launched its native utility token at an issuance price of $0.06, providing users with access to its identity management services.

Dec 29, 2024 at 10:54 am

Key Points

• The issuance price of Litentry LIT coins was $0.06.
• Litentry is a decentralized identity aggregation middleware that provides a unified and open-source solution for identity management.
• LIT coins are the native utility token of the Litentry network.
• LIT coins are used to access Litentry's services, such as identity verification, data sharing, and reputation management.
• Litentry is backed by a strong team of experienced blockchain developers and entrepreneurs.

What is Litentry?

Litentry is a decentralized identity aggregation middleware that provides a unified and open-source solution for identity management. Litentry aims to bridge the gap between different identity systems and make it easier for users to manage their identities across multiple platforms.

What are LIT coins?

LIT coins are the native utility token of the Litentry network. LIT coins are used to access Litentry's services, such as identity verification, data sharing, and reputation management. LIT coins can also be used to stake on the Litentry network to earn rewards.

Issuance Price of LIT Coins

The issuance price of Litentry LIT coins was $0.06. The LIT token sale was conducted in May 2021, and the token was listed on several major cryptocurrency exchanges shortly after.

Litentry Team

Litentry is backed by a strong team of experienced blockchain developers and entrepreneurs. The team includes:

• Geliang He, CEO and Co-Founder: Geliang has over 10 years of experience in the blockchain industry. He was previously the CEO of Wanchain and the CTO of VeChain.
• Hanwen Wu, CTO and Co-Founder: Hanwen has over 10 years of experience in software development. He was previously the CTO of Wanchain.
• Yang Song, COO and Co-Founder: Yang has over 10 years of experience in business development. He was previously the COO of Wanchain.

Conclusion

Litentry is a promising project with a strong team and a clear vision. The LIT token has the potential to become a valuable asset for users who want to manage their identities across multiple platforms.

FAQs

What is the purpose of Litentry?

Litentry is a decentralized identity aggregation middleware that provides a unified and open-source solution for identity management. Litentry aims to bridge the gap between different identity systems and make it easier for users to manage their identities across multiple platforms.

What are LIT coins used for?

LIT coins are the native utility token of the Litentry network. LIT coins are used to access Litentry's services, such as identity verification, data sharing, and reputation management. LIT coins can also be used to stake on the Litentry network to earn rewards.

Who is the team behind Litentry?

The Litentry team includes:

• Geliang He, CEO and Co-Founder
• Hanwen Wu, CTO and Co-Founder
• Yang Song, COO and Co-Founder