Read on Twitter
Here is why we #BLOCKCHAINUNIVERSE INVESTED IN @litentry -
in simple term, Litentry will aggregate a blockchain user identity and activity in completely decentralised and secure way and use those informations to calculate credit rating of user. https://twitter.com/cryptovc7/status/1354744583058386950
in simple term, Litentry will aggregate a blockchain user identity and activity in completely decentralised and secure way and use those informations to calculate credit rating of user. https://twitter.com/cryptovc7/status/1354744583058386950
This agggreagation of identity and activity of user at one place will help user access to multiple defi services more efficiently. Like a defi protocol can calculate how much loan can be lended to a user based on his past onchain activity.
Their are many other products and services That @litentry will provide to its user and whole Blockchain ecosystem. Some of the products are-* LITENTRY APP
* LITENTRY RUNTIMR
* LITENTRY SDK
* LITENTRY DAPP PLAYGROUND
* LITENTRY DATA CENER
* LIGHT CLIENT SERVICES
Native token $LIT has many strong use cases. Like* payment- fess paid in LIT
* REWARD - To database managers
* staking- to become registrar
* collateral- for defi borrowing and lending
* governance- to run whole ecosystem in decentralised way through community Governance.
very Strong and experienced Team Built on substrate , joining #Polkadot ecosystem will participate on parachain auction strong investors and Tier 1 exchange listing with @binance parterships with @OntologyNetwork OpenSquare and @CrustNetwork
strong community through spark and Ambassador programmes Reciever of @web3foundation Grant security Audit by @SlowMist_Team Frequent Global Meetups$LIT $BNB #BSC
