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Information about Litentry (LIT)
Litentry is a tool that uses blockchain technology to aggregate user identities decentralized, allowing user identities to be linked via a function called Identity Matching. The Litentry network assists in overcoming the problem of stolen and illegally used Internet user data.
Users will become the center of blockchain technology with Litentry, and profits from mining personal data will go to them rather than other services or companies. Users are rewarded for storing data related to their identity while protecting their privacy, and they profit from selling their identities with matching relationships.
Litentry Token (LIT) is a cryptocurrency that is used in the Litentry network to reward participants who share the same identity. Identity holders will be given a share worth the value of their identity.
Furthermore, Litentry Token is regarded as an investment asset in the Crypto market, assisting investors in finding profitable opportunities and sharing profits from Litentry’s business activities.
News
LIT trading volume is $199.18m. Market capitalization reaches $78.99m.
Litquity’s new version, Litquity V2, allows users to define interest rates rather than relying on fixed rates. This change aims to create a market-driven borrowing avenue for ETH and its derivatives.
The protocol supports a stablecoin, BOLD, which is entirely supported by ETH. With around 15 partnerships locked in, it plans to extend its protocol to various EVM chains while facilitating forks.
DWF Labs partners with Litentry
DWF Labs has announced a partnership with decentralized identity solution Litentry.
According to Etherscan data, DWF Labs has acquired a significant number of LIT tokens. DWF Labs now holds 1.5 million LIT tokens, which are worth approximately $1.18 million.
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