Litentry

Halal Rating :
Questionable
Last Price $1.04 Last updated:
Rank 669
1D Change -0.87 %
Market Cap $41.1m
Circulating supply 39,619,383
Maximum supply 100,000,000

Crypto Overview

Categories
  • DeFi
  • DApp
  • Ethereum Ecosystem
  • Substrate
  • Polkadot
  • Polkadot Ecosystem
  • Binance Launchpool
  • Web3
  • Injective Ecosystem

Litentry is a network that supports DID aggregation protocol and a decentralized mobile application. Litentry Network is built on top of the Substrate framework with the objective of enabling DID aggregation, verification, and credit calculation. It aims to simplify the process of resolving agnostic DID mechanisms by integrating DID standards into a modularized identity service. The Litentry mobile application serves as a secure vehicle for users to collect their decentralized identities and manage them in one place. LIT token holders are also able to participate in on-chain governance in an efficient and secure manner.

Crypto Impact

To assign a comfort level investing in Litentry from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Litentry.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating