| General information | |
|---|---|
| Global rank: | 4996 |
| Name: |
LIT |
| Symbol: | LIT |
| Current coin price (XOF): | 0.017 XOF |
| Last hour: | arrow_upward0.000000 % |
| Last 24 hours: | arrow_downward-1.29 % |
| Last 7 days: | 0.090 %trending_up |
| Capitalisation (XOF): | 0.000000 XOF |
| Volume 24h (XOF): | 2 133 234.76 XOF |
| Available supply: | 0.000000 LIT |
| Total coin supply: | -1 LIT |
| Start date: | 2021-01-24 |
LIT/CFA Franc BCEAO (LIT/XOF) price chart
LIT/CFA Franc BCEAO (LIT/XOF) capitalisation and volume charts
The Token (LIT):Litentry (LIT) is the native utility token of the Litentry platform. It is an ERC-20 token built on the Ethereum blockchain. LIT plays an essential role in the platform's governance mechanism, allowing holders to propose or vote on different platform updates and changes.
The Platform or Project:Litentry is a decentralized identity aggregation protocol that aims to enhance user privacy and the security of decentralized applications (dApps). It provides a way for users to manage their identity across different blockchains and applications, building a linked and aggregated identity system.
LIT tokens are used to incentivize network participation, with users earning rewards for their contribution to identity verification and other platform functionalities. It's also utilized for staking in the network, giving stakeholders voting power in governance decisions.
Hanwen Cheng is the founder of Litentry (LIT). He holds an M.Sc in Information Technology from the University of Stuttgart.