Litentry How much is the LIT coin issued?

The circulating supply of LIT coin, at around 223 million tokens, comprises roughly 60% of the total maximum supply of 370 million tokens, influencing its price dynamics based on supply and demand principles.

Dec 31, 2024 at 09:42 pm

Key Points

• Circulating Supply of LIT Coin
• Max Supply of LIT Coin
• Distribution of LIT Coin
• Tokenomics of LIT Coin
• Factors Influencing the Price of LIT Coin

Circulating Supply of LIT Coin

• As of February 2023, the circulating supply of LIT coin is approximately 223 million tokens.
• This represents about 60% of the total supply of LIT coins.

Max Supply of LIT Coin

• The maximum supply of LIT coin is capped at 370 million tokens.
• This limit is set to prevent inflation and maintain the value of the coin.

Distribution of LIT Coin

• The initial distribution of LIT coin was as follows:

  • 40% allocated to the team and advisors
  • 30% allocated to investors
  • 30% distributed through public sales
• The team and investors have a vesting period of 12 months and 6 months respectively.

Tokenomics of LIT Coin

• LIT coin is a utility token that powers the Litentry network.
• It is used to reward users for providing data and contributing to the network.
• LIT coin is also used to pay for transaction fees on the Litentry platform.

Factors Influencing the Price of LIT Coin

• Supply and demand: The price of LIT coin is determined by the supply and demand in the market.
• Network activity: The demand for LIT coin is driven by the activity on the Litentry network.
• Market sentiment: The overall sentiment in the cryptocurrency market can also affect the price of LIT coin.

FAQs

What is the purpose of the LIT coin?
LIT coin is a utility token that powers the Litentry network. It is used to reward users for providing data, contributing to the network, and paying for transaction fees.

What is the price of LIT coin today?
As of February 2023, the price of LIT coin is approximately $0.05.

Where can I buy LIT coins?
LIT coins can be purchased on cryptocurrency exchanges such as Binance, Huobi, and OKX.

What is the future of LIT coin?
The future of LIT coin depends on the growth of the Litentry network and the adoption of decentralized identity solutions. As more users adopt Litentry to manage their digital identities, the demand for LIT coin is expected to increase.