Litentry coin is a platform that connects user identities across multiple networks. It basically has a network structure that provides decentralized and privacy-oriented identity collection computing services. The native cryptocurrency of the Litentry network is LIT.
Litentry has a system where its users can collect identities across different blockchains. On the other hand, it has identity matching technology. Litentry founder and CEO is Hanwen Cheng. The project, which has a large and talented team, works remotely around the world. LIT coin is used as a payment tool in loan calculations carried out on the platform. It can be used as collateral in borrowing and lending transactions in the field of decentralized finance. LIT coin has a stakeable structure.
The features of the Litentry platform are:
- The platform is all about identities and their management is at the heart of the protocol. This feature empowers individual identities originating from applications or services used by the user.
- After collecting data, the protocol stores it in a decentralized way to improve access from all corners of the world.
- Litentry allows users to share their identities and be rewarded.
- Instead of creating multiple accounts to use different platforms or services, the project allows users to use a single identity to interact with various services. The user is not required to provide a password or any other registration information.
- LIT coin is a stakeable cryptocurrency. Users can earn passive income by locking their assets for a certain period of time. The token allows money transfer between wallets. Money transfers can be made 24/7 with low transaction fees.
- It has the option to earn coins with lower risk.
- It allows money transfer between wallets.
- It has low transaction fees.
- It brings important solutions for the crypto industry.
Some disadvantages of the Litentry platform are as follows:
- It is more difficult to reach than other popular coins.
- It has increased the risk of seeing high volatility in its price.
- Its bumpy nature poses an investment risk.
Investors interested in the Litentry (LIT) project should first find an exchange where the token is listed. LIT coin is listed on crypto exchanges such as Gate.io, Binance, CoinEX, MXC.COM, LBank, Uniswap, CoinBene. Users who are members of one of these exchanges can place a LIT purchase order by loading money into their wallets.
