Litentry Crowdloan assigns 20% LIT overall offer and cooperates with Binance with an additional $ 2.5 million reward pool - press release

an innovative crowdloan program

Crowdloan is a growing trend that is pursued by projects to get enough means to take part in the parachain auction of Polkadot. The participants contribute to this by storing Dot for a certain period of time in a crowdloan safe stored in the blockchain.

Compared to other projects, Litentry has developed an innovative crowdloan system that offers involved incentives. For this purpose, Litentry has assigned 20,000,000 LIT tokens, which represent 20% of its token offer, as fundamental rewards for the crowdloan campaign. By December 17, 2021, interested participants have time to block their tokens in the crowdloan pool, which has a hardcap of 8,000,000 dot, which none of his competitors on slot 1. This hardcap would make sure that the DOT rewards that each participant receives are not watered down after the dots have achieved a secure profit amount during use.

contributors have to use at least 5 dot in the crowdloan staking pool to qualify for premiums. The staking pool is closed for 96 weeks and the distribution of the rewards begins as soon as the Litentry parachain is connected to the polkadot relay.

Litentry rewards the participants with at least 12.5 lit token for 5 dot used. Participants can also receive an additional bonus of 10% by stake up your tokens in front of the parachain auction or a 5% bonus during the first seven days of paracitrifier auction. There will also be an additional 10 % bonus that will be announced shortly. The supporter is granted a total remuneration of 24 % of the LIT offer.

participants can be on bony Now enjoy a warm-up campaign 1-week warmth receives an additional pool of 500,000 lit plus liquidity BDOT

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.

Polkadot Parachain auction is huge for the Litry ecosystem

Litentry is a data protection-protected DID aggregator that fulfills unique functions in the ecosystem and offers liquidity, interoperability and consistency for multi-chain identity data. A parachain is maximized the efficiency when exchanging identity data between Litentry and other parachain projects.

With an aggregated cross-chain identity, blockchain projects will be able to offer dedicated identity services in order to operate web 3.0 services of the next generation. For example, Litentry can be used and used to calculate a person's creditworthiness to facilitate analyzed defi services. With all the on-chain activity data that Litens aggregates to individual addresses, users can create evidence decentrally by transmitting the addresses for activities such as IDO/AIRDROP-Whiteslisting.

The potential of Litentry are endless and users can become part of this innovative protocol by inserting their dot in the crowdloan pool. In addition, the 96-week staking period is also an excellent long-term investment for participants who generate a value from their DOT token and receive LIT token as a reward for their use.

About the literature

Litentry is a decentralized identity aggregation protocol that works over several networks. It has a DID indexing mechanism and a substrate-based credit calculation network. Litentry also offers a decentralized, interoperable identity aggregation service that reduces the difficulty of dissolution of Agnostic DID mechanisms.

Litentry has developed an innovative ecosystem through which users can manage their identities and receive dapps in real time loan/reputation of an identity holder over several blockchains.

You can follow the latest updates for Litentry via the following links:

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