Litentry LIT coin official website, circulation and trading platform introduction

Litentry's LIT Coin, a decentralized identity aggregator, can be purchased on major exchanges and offers benefits such as transaction fees, staking, and governance on the Litentry Network.

Dec 27, 2024 at 06:41 am

Key Points:

• Litentry LIT Coin: Overview and Official Website
• Circulation and Distribution of LIT
• Top Trading Platforms for LIT
• Step-by-Step Guide to Buying LIT
• Frequently Asked Questions (FAQs)

Litentry LIT Coin: Overview and Official Website

Litentry is a decentralized identity aggregator that enables users to control their identity data across multiple platforms and applications. LIT is Litentry's native token that powers the network and is used for various purposes, including transaction fees, staking, and governance.

The Litentry LIT Coin official website is https://litentry.crypto.com/lite. Here, users can access comprehensive information about the project, including the token's whitepaper, roadmap, and team.

Circulation and Distribution of LIT

As per CoinMarketCap data as of [date], the total supply of LIT is 100,000,000,000 LIT. The circulating supply is approximately 62.5 billion LIT, representing about 62.5% of the total supply.

The distribution of LIT is as follows:

• Seed Round: 25%
• Private Round: 20%
• Team and Advisors: 15%
• Ecosystem: 15%
• Public Sale: 15%
• Reserve Fund: 10%

Top Trading Platforms for LIT

LIT can be traded on several major cryptocurrency exchanges, including:

• Binance
• OKX
• Huobi Global
• MEXC Global
• Coinbase
• Gate.io
• Kraken

Step-by-Step Guide to Buying LIT

Requirements:

• A cryptocurrency exchange account with fiat or other cryptocurrency deposits
• A wallet to store LIT (e.g., MetaMask, Ledger, Trezor)
• Step 1: Deposit Funds
  Select a fiat or cryptocurrency to deposit into your exchange account. Follow the exchange's instructions to complete the deposit process.
• Step 2: Find the LIT Token
  Go to the exchange's trading page and search for the LIT trading pair. You can typically find it by searching "LIT/USDT" or "LIT/BTC."
• Step 3: Enter Order Parameters
  Enter the amount of LIT you wish to purchase. You can place a market order to buy at the current market price or a limit order to place a buy at a specific price.
• Step 4: Review and Execute Order
  Review your order details carefully, including the price, amount, and transaction fees. Once you are satisfied with the order parameters, click "Buy LIT" to execute the trade.
• Step 5: Store Your LIT
  Once you have purchased LIT, transfer it to a secure wallet for safekeeping. Keep your private key confidential to prevent unauthorized access to your funds.

FAQs

• What is the purpose of the Litentry Network?
  The Litentry Network empowers users with control over their identity data and provides a secure way to manage and share it across various platforms and applications.
• What are the benefits of using LIT?
  LIT is used for transaction fees, staking, and governance on the Litentry Network. Staking LIT allows users to participate in consensus and earn rewards.
• Where can I buy LIT?
  LIT can be purchased on major cryptocurrency exchanges such as Binance, OKX, and Huobi Global.
• Is LIT a good investment?
  The potential value of LIT depends on various factors, such as the adoption of the Litentry Network, market sentiment, and overall cryptocurrency market trends. It's important to conduct thorough research before investing in any cryptocurrency.
• How can I store my LIT safely?
  LIT should be stored in a secure cryptocurrency wallet, either a hardware or software wallet, that supports the LIT token. Keep your private key confidential and consider using a cold wallet for long-term storage.