Litentry

Project Introduction

Litentry is a Decentralized Identity Aggregator that enables linking user identities across multiple networks. It provides a secure vehicle through which users manage their identities and dApps obtain real-time DID data of an identity owner across different blockchains.

Project Highlight

Community Governed

The credit computation algorithms, the data origins, and the identity registrars are all governed by the LIT stakeholders. The relationships and activities of community members can be recorded on chain and generate community governance credit. For further use, all the governance credit will contribute to voting power.

Fully Decentralized

Litentry Network processes DID verification, aggregation, and computation requests from service demanders and returns trustable results. The process will be implemented by a random set of validators in the network in a fully decentralized and transparent way.

Blockchain Powered

Litentry is built on Substrate, which inherits great features and best technologies of the Blockchain industry. Litentry aims to be a Parachain of the Polkadot Network and benefit from the thriving cross-chain ecosystem and shared security.

Privacy Focused

Privacy protection is the foundation of the Litentry network and we do not want to breach the pseudo-anonymity of blockchain networks. Litentry supports incognito on-chain data processing.

Project History

Litetnry is found in 2019 by Hanwen Cheng - former product owner of Parity signer, with its main objective to build a core infrastructure of Web3 Identity hub. It has received a grant from Web3 foundation as well as completed as seed round of funding by the end of 2020. In Jan 2021, it's native token (LIT) was listed on Binance exchange via Binance launchpad.

Team Members

Litentry managed to expand significantly in the human capital and add new members to the team. Specifically now the number of Litentry employees is 35 and the distribution is as follows:

8 in marketing

20 in product and engineering

7 in business and operations

Token Allocation

Token Circulation