THELOGICALINDIAN - PRESS RELEASE The blockchain industry is an everevolving apple and Litentry is at the beginning of this anarchy Litentry intends to actualize a absolutely decentralized character accession band-aid that will ability web 30 applications
Its blockchain architectonics is avant-garde and has witnessed massive advance due to its appliance in altered sectors. Litentry has additionally created a DID Startups Programs that incentivizes avant-garde teams to body articles that will add amount to its blockchain. To abide its growth, Litentry has activated for a Polkadot Parachain aperture that will transform its ecosystem.
This commodity will accessible your acuteness into the approaching of web 3.0 that can be accomplished back Litentry gets a parachain.
A decentralized ecosystem for avant-garde projects
Litentry has congenital an avant-garde decentralized based character ecosystem that has admiring several projects to its blockchain protocol. One of such projects is the Polkadot Naming System (PNS). PNS intends to acquaint decentralized name systems to the Polkadot blockchain and is leveraging Litentry to accomplish its goals.
Users will accept an on-chain different name that connects to their wallet account, acute arrangement addresses and more. PNS will be onboarded on Litentry Parachain and use Litentry as its capital agent entry.
Litentry Crowdloan participants that pale added than 10 DOT tokens will be acceptable to annals for a chargeless PNS area on the prelaunch platform. The contempo success of the Ethereum Name System (ENS) shows the all-inclusive potentials aural this sector.
Other platforms that accept leveraged Litentry blockchain appearance accommodate decentralized amusing alternation agreement MyCryptoProfile, on-chain abstracts aggregator Web3Go and decentralized sign-in agreement Polka Sign In. Transaction and activities implemented by these projects will be powered by LIT, the built-in badge of Litentry and access adoption.
Litentry is additionally alive on developing its aboriginal decentralized appliance that will be focused on Airdrops. Airdrops are an important basic of the crypto industry and are acclimated by projects to accolade loyal users.
Problems, about abide with the accepted Airdrop arrangement area validation and administration are done in a centralized way, assuming questions of transparency, ancient administration and more. Therefore, Litentry is developing an avant-garde arrangement area users can calmly affirmation rewards for commutual tasks.
Litentry airdrop dApp integrates an avant-garde TaskFi belvedere that advantage the ability of its different character accession arrangement to ensure decentralized analysis of users and fair administration of rewards. It would additionally accommodate anti-fraud tools, adherence programs and a babysitter wallet for users to accept their rewards instantly.
Litentry Crowdloan provides the aboriginal use case for the dApp, and participants will be able to booty allotment in altered tasks to accept rewards in LIT tokens.
Litentry Crowdloan
Litentry potentials accept been declared above, and the projects deployed on its blockchain will alone abide to abound already it auspiciously wins a Polkadot Parachain slot. Early investors can become allotment of a growing ecosystem and accept rewards for LIT tokens for staking their DOT in the crowdloan pool.
Litentry has already allocated 20% of the badge accumulation of LIT as rewards for crowdloan participants, which is added than added projects in the auction. In addition, participants can pale on Binance now to adore a Warm-Up advance 1-week Warm-Up advance will accept an added basin of 500,000 LIT additional clamminess BDOT.
Litentry has additionally partnered with DeFi platforms Bitfrost and Parallel Finance to accommodate lending options for crowdloan contributors. Users can accord to Litentry crowdloan basin from both platforms and accept rewards in LIT tokens clamminess DOT derivatives.
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