LIT (LIT) price, chart, coin profile and news
Find the latest LIT (LIT) price, coin profile, news and history to get you started with LIT trading and investing.
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
What is LIT?
Litentry is an identity aggregation protocol that aims to allow identity data transfer between multiple blockchain networks. Founded in 2019, Litentry aims to aggregate and verify users' identities, or decentralised identifiers (DIDs), across multiple decentralised applications. Credit scores/gradings will also be offered.
According to the whitepaper, the platform is powered by the Substrate blockchain, with the intention of becoming a parachain on the Polkadot network. Focusing on incognito on-chain data processing, the project aims to preserve the privacy of users but allow for the consolidation of identifying information. The practical use cases for Litentry reach far and wide, with users able to access personal information such as credit and on-chain reputations. This data can then be used when applying for leverage within the decentralised finance (DeFi) sector. Litentry users can also generate community credit based on a user’s participation and contribution within projects, which can be put towards voting power within a platform.
LIT is the native token of the Litentry Network and offers 4 main use cases. The token is used for the collection of all fees, to reward all those that provide indexed identity databases and as a requirement for those that wish to provide them – formerly known as Identity Registrars. Finally, the token can be used as collateral within other DeFi applications.
LIT (LIT) is the 1045th largest cryptocurrency in the world by market cap, valued at $6,895,772. The current price of LIT is $0.00018718, which is 1.733% higher than yesterday. Prices have ranged between $0.000189434 and $0.00017535 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 28, 2022 02:05 UTC.
LIT (LIT) priceUse our graph to track the performance of (LIT) over time.
LIT at a glance
|Total LIT supply||100,000,000,000|
|All time high date||January 02, 2022|
|Notable team members||Ivo Georgiev|
|Partnerships||MAP, Apron Network|
|Token uses||Utility token|
LIT price performance over time
Lit in the news
Insurance broker Hagerty leads weeks' financial gainers, while fintech Grab dips
NFT Domains are the new Web3 Gold, mint your first NFT Domain on Quik.com
Scams on the Rise on Twitter as Fraudsters Use Compromised Accounts
Disclaimer: Cryptocurrencies, including LIT, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of LIT is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the LIT or any other cryptocurrency discussed.
More guides on Finder
How to buy Green Satoshi Token (GST) in Australia
This guide provides step-by-step instructions on how to buy Green Satoshi Token, lists some exchanges where you can get it and provides daily price data on (GST).
How to buy STEPN (GMT) in Australia
This guide provides step-by-step instructions on how to buy STEPN, lists some exchanges where you can get it and provides daily price data on (GMT).
How to buy The Sandbox (SAND) in Australia
This guide provides step-by-step instructions on how to buy The Sandbox, lists some exchanges where you can get it and provides daily price data on (SAND).
Shiba Inu (SHIB) price prediction
Read our expert analysis on Shiba Inu and how the token will perform in the future.
Shiba Inu (SHIB) price, chart, coin profile and news
This guide provides step-by-step instructions on how to buy Shiba Inu, lists some exchanges where you can get it and provides daily price data on SHIB.
Sell Litecoin in 4 steps
Finding the right way to sell Litecoin is just as important as finding the right option to buy it. In this guide, we break down the options available and the factors to consider.
TrueAUD (TAUD) price prediction
Read our expert analysis on TrueAUD and how the token will perform in the future.
ApeCoin (APE) price prediction
Read our expert analysis on ApeCoin and how the token will perform in the future.
ADAPad (ADAPAD) price prediction
Read our expert analysis on ADAPad and how the token will perform in the future.
Paribus (PBX) price prediction
Read our expert analysis on Paribus and how the token will perform in the future.
Get into cryptocurrency
Ask an Expert