What is Litentry?

Symbol: LIT · Market cap rank: #944

Short answer

Litentry (LIT) is a cryptocurrency currently ranked #944 by market capitalisation. It is classified as oracle.

Source: isthiscoinascam.com

Overview

Litentry is a privacy-preserving decentralized identity aggregation oracle built on the Substrate framework and tailored for Polkadot, EVM-based platforms, and other multi-chain ecosystems. It uses Trusted Execution Environments (TEE), verifiable credentials, and customizable score computation. It includes IdentityHub as a flagship product for identity management and authentication across blockchains.

The project focuses on a self-sovereign, user-centric approach to identity and supports user activity and identity data management. It also references unique staking mechanisms, though the governance model, token supply cap, and specific consensus or staking details are not provided in the description.

Launched: 2020

Headquarters: Unknown

Scam-risk analysis

Litentry has a low score, indicating elevated scam risk based on the available data. Is Litentry a scam?

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