Convert and Swap Litentry LIT to United States Dollar USD
LIT/USD: 1 Litentry equals $0.80 USD
Last update: 12:36 PM, December 22, 2024
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Litentry is falling this week.
The current price of Litentry is $0.80 per LIT. With a circulating supply of 66,447,411 LIT, it means that Litentry has a total market cap of $52,593,611.19. The amount of Litentry traded has fallen by $1,310,800.64 in the last 24 hours, which is a 29.11% decrease. Additionally, in the last day, $4,503,370.08 worth of LIT has been traded.
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About Litentry
LIT is the native token of the Litentry parachain network. Litentry is a Decentralized Identity Aggregator, supporting on-chain identity verification and management for decentralized applications and their users.
Litentry (LIT) is a decentralized identity aggregation oracle that aims to redefine the management and authentication of identities across blockchains. Built on the Substrate framework, it is tailored for Polkadot, EVM-based platforms, and other multi-chain ecosystems. Litentry leverages Trusted Execution Environments (TEE), verifiable credentials, and customizable score computation to usher in a new era of digital identity. Its flagship product, the IdentityHub, aims to transform how identities are managed across blockchains. Litentry's approach to identity is self-sovereign and user-centric, bridging both Web2 and Web3. It seeks to establish a unified, privacy-centric decentralized identity infrastructure, redefining interoperability and utility for users and projects in the decentralized space.
Litentry operates by enabling users to link their identities in a privacy-preserving context. It aims to give users full control over their personal data and enable them to gain social and economic value from it. The protocol can be adopted in on-chain reputation, governance, DeFi, and customized data services. Litentry's decentralized identity pallet provides a secure and private way to link different Web3 wallets and Web2 accounts. This allows users to enhance their Web3 profiles, creating a more tangible and trustworthy digital identity. Litentry's Trusted Execution Environment (TEE) infrastructure adds a privacy-preserving layer between raw blockchain data and data shared with a dApp. It also provides secure storage for the sensitive identity graph.
Litentry's identity aggregation and privatized verifiable credentials can be useful in several situations. These include airdrop whitelisting, audience selection & community insights, soulbound tokens or NFTs, Web3 native job markets, credit scores, and cross-platform reputation. For instance, the Litentry identity verification system allows crypto projects to identify and filter out low-quality engagement in an airdrop. By providing a complete and thorough picture of a user's trading history, asset values, and borrowing behavior, Litentry can provide credit scores. This increases the eligibility for under-collateralized lending and other reputation-based benefits or provides risk insights for partners.
Litentry was founded by Hanwen Cheng, a former Software Engineer at Parity. While working on a Signer project at Parity, he realized the need for an interoperable identity system and started a side project, which eventually became Litentry. In 2019, after he built his team and took the project more seriously, Litentry quickly set off: they received a grant from the Web3 Foundation, then a million-dollar seed round from FBG, Candaq, Hypersphere, Signum, Altonomy, and other crypto VCs. The team also listed the utility token LIT on Binance in 2020 and incubated three projects in-house.
How Litentry and United States Dollar differ
Litentry (LIT) and the US Dollar (USD) are fundamentally different in their nature and function. Litentry is a decentralized identity aggregation oracle that operates on blockchain technology, aiming to redefine the management and authentication of identities across multiple blockchains. It strives to give users full control over their personal data, enabling them to gain social and economic value from it. On the other hand, the US Dollar is a traditional fiat currency, controlled by the Federal Reserve, and used as a medium of exchange, a unit of account, and a store of value. Unlike Litentry, the US Dollar does not operate on a blockchain, nor does it offer the same level of control over personal data. Furthermore, Litentry's potential use cases, such as airdrop whitelisting, audience selection, and credit scores, are unique to its blockchain-based identity management system, which are not features associated with the US Dollar.
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LIT to United States Dollar conversion tables
The exchange rate of Litentry is decreasing.
The current value of 1 LIT is $0.80 USD. In other words, to buy 5 Litentry, it would cost you $4.01 USD. Inversely, $1.00 USD would allow you to trade for 1.25 LIT while $50.00 USD would convert to 62.41 LIT, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 21.89%. Meanwhile, in the last 24 hours, the rate has changed by 2.31%, and that the the highest exchange rate of 1 LIT to United States Dollar was $0.81 USD and the lowest 24 hour value was 1 LIT for $0.76 USD. This time last month, the value of 1 LIT was $0.72 USD, which is a 10.22% decrease from where it is now. Looking back a year, Litentry has changed by $1.03 USD. That means that in a single year, the value of Litentry has shrank by 24.53%.
LIT to USD performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
$0.81 USD | -2.31% | $1.01 USD | -21.89% | $0.72 USD | 10.22% | $1.03 USD | -24.53% |
LIT to USD
Amount | Today at 12:36 pm |
|---|---|
0.5 LIT | $0.40 |
1 LIT | $0.80 |
5 LIT | $4.01 |
10 LIT | $8.01 |
50 LIT | $40.06 |
100 LIT | $80.12 |
500 LIT | $400.60 |
1,000 LIT | $801.20 |
USD to LIT
Amount | Today at 12:36 pm |
|---|---|
0.5 USD | 0.62 LIT |
1 USD | 1.25 LIT |
5 USD | 6.24 LIT |
10 USD | 12.48 LIT |
50 USD | 62.41 LIT |
100 USD | 124.81 LIT |
500 USD | 624.06 LIT |
1,000 USD | 1,248.13 LIT |
Today vs. 24 hours ago
Amount | Today at 12:36 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 LIT | $0.40 | $0.41 | -3.40% |
1 LIT | $0.80 | $0.83 | -3.40% |
5 LIT | $4.01 | $4.15 | -3.40% |
10 LIT | $8.01 | $8.29 | -3.40% |
50 LIT | $40.06 | $41.47 | -3.40% |
100 LIT | $80.12 | $82.94 | -3.40% |
500 LIT | $400.60 | $414.68 | -3.40% |
1,000 LIT | $801.20 | $829.36 | -3.40% |
Today vs. 1 month ago
Amount | Today at 12:36 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 LIT | $0.40 | $0.36 | +10.37% |
1 LIT | $0.80 | $0.73 | +10.37% |
5 LIT | $4.01 | $3.63 | +10.37% |
10 LIT | $8.01 | $7.26 | +10.37% |
50 LIT | $40.06 | $36.30 | +10.37% |
100 LIT | $80.12 | $72.60 | +10.37% |
500 LIT | $400.60 | $362.98 | +10.37% |
1,000 LIT | $801.20 | $725.95 | +10.37% |
Today vs. 1 year ago
Amount | Today at 12:36 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 LIT | $0.40 | $0.52 | -22.78% |
1 LIT | $0.80 | $1.04 | -22.78% |
5 LIT | $4.01 | $5.19 | -22.78% |
10 LIT | $8.01 | $10.38 | -22.78% |
50 LIT | $40.06 | $51.88 | -22.78% |
100 LIT | $80.12 | $103.75 | -22.78% |
500 LIT | $400.60 | $518.77 | -22.78% |
1,000 LIT | $801.20 | $1,037.55 | -22.78% |
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