Litentry Blockchain offers crowdloan investors enormous potential-press release

press release

press release. The blockchain industry is a constantly developing world and Litentry is at the top of this revolution. Litentry intends to create a really decentralized identity aggregation solution that supports Web 3.0 applications.

its blockchain architecture has progressed and has experienced massive growth due to its application in various sectors. Litentry has also launched a DID startup program that encourages innovative teams to develop products that give the blockchain added value. In order to continue its growth, Litentry has applied for a polkadot parachain slot that will change its ecosystem.

This article will open your imagination to the future of web 3.0, which can be achieved when Litentry gets a parachain.

A decentralized ecosystem for innovative projects

literature Projects for his blockchain protocol. One of these projects is the polkadot name system (pns). PNS intends to introduce decentralized name systems into the polkadot blockchain and uses Litentry to achieve its goals.

other platforms that have used Litentry blockchain functions include the decentralized social interaction protocol MyCryptoProfile , on-chain-datentaggregator Web3Go and decentralized registration protocol polka registration . The transactions and activities implemented by these projects are supported by LIT, the native tokens of Litentry, and increase acceptance.

Litentry also works on the development of his first decentralized application, which focuses on airdrops. Airdrops are an important part of the crypto industry and are used by projects to reward loyal users.

However, there are problems with the conventional airdrop system, in which validation and distribution are centralized, which raises questions of transparency, one-off distribution and more. For this reason, Litentry develops an innovative system with which users can easily request rewards to fulfill tasks.

Litentry Airdrop Dapp integrates an innovative Taskfi platform that uses the performance of your unique identity aggregation system to ensure a decentralized check of the users and a fair distribution of the rewards. It would also contain fighter -fighting tools, loyalty programs and a custodian bank so that users receive their rewards immediately.

Litentry Crowdloan offers the first application for the DAPP, and the participants can take part in various tasks to get rewards in LIT token.

litentry crowdloan

LitenTry potentials were mentioned above, and the projects used on his blockchain will only continue to grow if it successfully wins a polkadot parachain slot. Early investors can become part of a growing ecosystem and receive rewards for LIT token if you use your dot in the crowdloan pool.

Litentry has already assigned 20% of the LIT token offer as a reward for crowdloan participants, which is more than other projects in the auction. In addition, the participants in binance

litentry has also put together with defi platforms Bitfrost and Provision of credit options for crowdloan providers. Users can contribute from both platforms to the Litry Crowdloan pool and receive rewards in LIT token + liquidity dot derivatives.

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