Litentry

Litentry

LIT #1568
CCC 50% Token Watch

Project Safety Score: 50%

Updated 3 hours, 45 minutes ago
LitentryLIT
Market Cap$5055502
24hr Volume$18331
24hr Change8.6%
Price$0.11193025249351526
Coverage: 5 buckets · 100% resolved
Concerns raised - see Red Flags below
Scoring rubric: Smart-Contract Token - scored on contract safety, liquidity, holders, team, social
Liquidity
& Market
33 C
100% · medium
Team
Credibility
64 BB
100% · medium
Social
Behavioral
43 CC
75% · medium
Contract
Mechanics
98 AAA
100% · medium
Holder
Distribution
11 F
100% · medium

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LIT Litentry Details
Type
oracle
Launched
2020
HQ
Unknown
Team
Anonymous
BNB Chain EcosystemBinance LaunchpoolEthereum EcosystemYZi Labs (Prev. Binance Labs) Portfolio

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.

Risk Report

Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.

Liquidity and market dynamics score 36 out of 100.
While this score indicates potential concerns regarding liquidity, the project is listed on six exchanges, providing some avenues for trading. However, with a 24-hour trading volume of only $6,848, the liquidity depth is almost nonexistent. This low volume relative to market capitalization suggests that it may be challenging for large trades to go through without significant price impact, which raises caution for potential investors.

Team credibility score 63 out of 100.
The project's team is anonymous, which is a factor that can diminish trust. However, it has been around for over five years and has undergone an audit, lending some credibility. The whitepaper is rated highly, indicating a solid foundation for understanding the project’s objectives. The deployer address is recorded, but the anonymity of the team members introduces uncertainty regarding their accountability.

Social and behavioral score 43 out of 100.
The social activity around Litentry seems limited, with only 12 followers on Twitter and 19 on Telegram. Although the social accounts exist and are verified, audience data is restricted. There are also some concerning signals related to scam allegations and additional concerns raised through research. These factors contribute to a low social score, suggesting a lack of confidence among the community.

Contract mechanics score 98 out of 100.
The project's contract mechanics score is exceptionally high, indicating a well-constructed smart contract. All necessary elements, such as verification, open-source availability, and absence of honeypots or hidden functions, have been meticulously addressed. This score reflects a strong assurance in terms of the technology behind the asset, presenting it as robust and secure for transactions.

Holder distribution score 11 out of 100.
The distribution of holders presents significant risks, as the top 10 wallets hold 98.3% of the total supply, and one single wallet controls an alarming 90.9%. With only 56 holders in total, this concentration raises serious concerns about decentralization and the potential for market manipulation or sudden sell-offs, both of which could adversely impact the project's stability.

Investing in Litentry carries inherent risks, particularly due to its low liquidity, anonymous team, and concerning holder distribution. Combined with scam allegations, caution is warranted for potential investors as they weigh these factors against the project's stronger technical metrics.

  • Cyberscope 2025-01-01 pass report ↗
    Audit report available.
View whitepaper ↗ (2021)
Quality: high
Max supply: 100,000,000
Next unlock: 2026-02-24
  • 0.6
    Allegations of insider selling and transparency issues within the Lighter project after $7.18 million in LIT token sales.
    BeInCrypto · source ↗
  • Audit report available from Cyberscope.
  • Whitepaper available with high quality.
  • Team is anonymous
  • Public scam allegations have been raised
  • A single wallet holds over 10% of supply
  • Top 10 wallets hold more than 50% of supply
  • Allegations of insider selling and transparency issues within the Lighter project.
  • Coordinated sales worth $7.18 million since the Token Generation Event (TGE).

Price Chart - Litentry

Contract Security

ethereum · 0xb59490ab09a0f526cc7305822ac65f2ab12f9723
Open source
Not honeypot
Non-mintable
Ownership locked
Non-pausable
No blacklist
Visible owner
Fixed slippage
Source: GoPlus Security

On-Chain Facts

Total Holders
7004
Top 10 Hold
98.5%
Top 50: 98.9%
Top Holders
  • 0x00000000000000000… 91.10%
  • 0x1c82610550138d508… 5.50%
  • 0x2afd3fc20e710bd01… 1.28%
  • 0x7de77f7230db4bd33… 0.20%
  • 0x1d3bc423bffbbd10e… 0.17%
  • 0xd0cdc8405a7cf3bf9… 0.10%
  • 0x776fcd96b8f671a40… 0.05%
  • 0xb59490ab09a0f526c… 0.04%
  • 0xa0b86991c6218b36c… 0.03%
  • 0x1948940b9df1668a2… 0.02%
Source: ethplorer
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85%
Profile Status
Data completeness
Some data missing
High confidence

Technical Analysis

Buy / Sell signals

Market Stats

All-Time High$13.31
All-Time Low$0.0556
Circulating45166534
Total Supply100000000

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Litentry GitHub