List of Litentry LIT coin issuance and listed trading platforms

Litentry LIT is a blockchain-based identity aggregator that offers secure and interoperable digital identity management on multiple platforms.

Dec 27, 2024 at 01:04 pm

Key Points:

• What is Litentry LIT?
• Issuance of LIT Coin
• Trading Platforms for LIT Coin
• Fees and Requirements for Trading LIT Coin
• Security Measures for Trading LIT Coin

What is Litentry LIT?

Litentry LIT is a blockchain-based identity aggregator that allows users to control and manage their digital identities across multiple platforms. It provides a decentralized, secure, and interoperable solution for identity management in the Web3 ecosystem. LIT Coin is the native utility token of the Litentry platform.

Issuance of LIT Coin

LIT Coin was initially issued through a public sale in 2021, where it raised over $3 million. The total supply of LIT Coin is capped at 100 million tokens, with a current circulating supply of approximately 49 million tokens.

Trading Platforms for LIT Coin

LIT Coin is currently listed and traded on several cryptocurrency exchanges. Some of the major platforms include:

• Binance: Binance is the largest cryptocurrency exchange in the world, and it offers LIT Coin trading against Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).
• Huobi Global: Huobi Global is another major cryptocurrency exchange that offers LIT Coin trading against BTC, ETH, and USDT.
• OKX: OKX is a large cryptocurrency exchange that offers LIT Coin trading against BTC, ETH, and USDT.

Fees and Requirements for Trading LIT Coin

The fees for trading LIT Coin vary depending on the exchange you use. Typically, these fees range from 0.1% to 0.2% per trade. Most exchanges require users to create an account and complete KYC verification before trading LIT Coin.

Security Measures for Trading LIT Coin

When trading LIT Coin, it is important to take the following security measures:

• Use a reputable exchange: Choose an established and trusted cryptocurrency exchange with a strong track record of security.
• Enable two-factor authentication (2FA): Activate 2FA on your exchange account to add an extra layer of security.
• Store your LIT Coin in a hardware wallet: For maximum security, store your LIT Coin in a hardware wallet that is not connected to the internet.

FAQs

• What is the purpose of LIT Coin?
  LIT Coin is the native utility token of the Litentry platform. It is used to pay for transaction fees, stake for rewards, and participate in governance.
• What is the current price of LIT Coin?
  The current price of LIT Coin can be checked on cryptocurrency exchanges.
• Is LIT Coin a good investment?
  The potential return on investment for LIT Coin depends on factors such as market conditions, adoption of the Litentry platform, and the overall crypto market outlook.
• Is it safe to trade LIT Coin?
  Trading LIT Coin can be safe if you use a reputable exchange and follow appropriate security measures.