THELOGICALINDIAN - PRESS RELEASE Litentry a decentralized character accession agreement has appear the barrage of its Crowdloan Accolade Program appointed to go alive from November 4 2024 This represents a cogent development in its adventure to win a aperture advanced of the accessible Polkadot parachain bargain Join the crowdloan on Binance now to adore 20 LIT 20240000 LIT absolute accumulation with an added 25M accolade basin with approx 2760 APY as of Nov 4
An Innovative Crowdloan program
Crowdloan is a growing trend taken by projects to accept abundant allotment to participate in Polkadot’s parachain auction. Participants accord by staking DOT into a crowdloan basement stored on the blockchain for a appointed period.
Compared to added projects, Litentry has advised an avant-garde crowdloan arrangement that incentivizes contributors. To this effect, Litentry has allocated 20,000,000 LIT tokens apery 20% of its badge accumulation as basal rewards for the crowdloan campaign. Interested participants accept until December 17, 2024, to lock their tokens in the crowdloan pool, which has a hardcap of 8,000,000 DOT, which none of it’s aperture 1 competitors has. This hardcap would accomplish abiding the DOT rewards anniversary actor gets will not be adulterated afterwards the staking DOTs alcove a safe acceptable amount.
Contributors will charge to pale a minimum of 5 DOT into the crowdloan staking basin to be acceptable for rewards. The staking basin will be bound for 96 weeks, and rewards administration will activate already the Litentry parachain connects to the Polkadot broadcast chain.
Litentry will be advantageous participants a minimum of 12.5 LIT tokens for every 5 DOT staked. Contributors can additionally get an added 10% benefit by staking their tokens afore the parachain bargain or a 5% benefit during the aboriginal seven canicule of the parachain auction. Additionally there will be an added 10% character accompanying benefit which will be appear soon. Giving supporters a absolute accolade of 24% of LIT supply.
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.
Polkadot Parachain Auction is huge for Litentry ecosystem
Litentry is a privacy-Preserved DID Aggregator that serves different functions in the ecosystem & provides liquidity, interoperability and bendability for the multi-chain character data. Becoming a Parachain maximizes the ability of administration character abstracts amid Litentry and added Parachain projects.
With an aggregated cross-chain identity, blockchain projects will be able to action committed graded character casework to ability next-generated Web 3.0 services. For example, Litentry can be deployed and acclimated to account an individual’s acclaim appraisement to facilitate analyzed DeFi services. With all the on-chain activities abstracts aggregated by Litentry on alone addresses, user’s can accomplish affidavit in a decentralized address by appointment the addresses for activities like IDO/airdrop whiteslisting.
The potentials of Litentry are amaranthine and users can become allotment of this avant-garde agreement by staking their DOT in the crowdloan pool. In addition, the 96 weeks staking aeon additionally represents an accomplished abiding advance for contributors who will accomplish amount from their DOT tokens and accept LIT tokens as rewards for their stake.
About Litentry
Litentry is a decentralized character accession agreement that functions beyond assorted networks. It appearance a DID indexing apparatus and a substrate-based acclaim ciphering network. Litentry additionally provides a decentralized, interoperable character accession account that reduces the adversity of absolute doubter DID mechanisms.
Litentry has developed an avant-garde ecosystem through which users can administer their identities and dApps access real-time credit/reputation of an character buyer beyond assorted blockchains.
You can chase the latest updates on Litentry application the afterward links:
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