What is Litentry (LIT) Coin
Litentry is a decentralized identity aggregation protocol across multiple networks, featuring a Decentralized Identity (DID) indexing mechanism and a Substrate-based credit computation network. The objective of Litentry is to enable DID aggregation, verification, and credit calculation.
- LIT is the native utility token of Litentry with the following use cases:
- Payment: fees are paid in LIT each time a user requests a real-time credit computation via the network.
- Reward: third-parties that set up indexed identity databases will receive rewards in LIT.
- Staking: stake a certain amount of LIT to become an identity registrar.
- Collateral: used as collateral for DeFi lending & borrowing services.
How To Buy Litentry (LIT) Coin
1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy Lit coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.
2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.
3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.
4.Step: If the cryptocurrency you are planning to buy is not available on the list, buy USDT “You can always redeem 1 USDT Coin for US $1.00”. You can buy any coin you want with USDT by following Buy-Sell > Classic steps. We have provided the answer to How to buy Litentry coin, now you can view the cryptocurrencies you bought by clicking on the wallet summary available on your Binance account. You can sell your assets when their value increases, or you can withdraw them to your bank account in desired fiat currency.
How Much is a Litentry (LIT) Coin
Litentry (LIT) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.
Litentry (LIT) Coin Review
You can learn more about Litentry (LIT) coin reviews and information on cryptocurrencies by visiting their official page available in the following.
Website https://www.litentry.com/ Whitepaper https://8e05e2d3-ada2-45dd-8426-b69a066e9210.filesusr.com/ugd/760d3a_2801034aeb0e400bb0e5850d1240f53b.pdf Github https://github.com/litentry Medium https://litentry.medium.com/ Documentation https://docs.litentry.com/ Telegram https://t.me/litentry