My contributions:

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We're building a Web3 identity hub on Polkadot

Earn rewards by contributing and joining our journey

Ends on

96 weeks lease period

Learn how to contribute

Raised Counter

1,200,482.07 DOT
  • 15.01% of cap

  • 7764 contributors

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Watch the video to learn more about our crowdloan

How does a Parachain Crowdloan work?

  • 1 Contribute DOT and support us
  • 2 Earn rewards
  • 3 Get your DOT back

Stake your DOT token through this webpage or partner exchange. Your needed DOT token should be stored either in a non-custodial (non-exchange) address, or through a partner exchange.

Supporter Rewards

  1. Earn LIT token rewards

    • Token Reward Pool: 20,000,000 LIT (20% of total supply)
    • Crowdloan Hardcap: 8,000,000 DOT
    • Parachain slot leasing period: 96 weeks
    • Minimum DOT/LIT ratio: 1 DOT / 2.5 LIT
    • Reward calculation: (Your DOT Contribution/Total DOT Contributions) * 20 Million LIT
    • Reward distribution: Linearly distribution in each block until the parachain slot expires (after 96 weeks).

    Read more

  2. Extended Early Bird Bonus (up to +10%)

    Applies to polkadot.js and Litentry Crowdloan WebApp

    • 10% additional bonus is valid until 18th November 2021
    • 5% additional bonus is valid between 19th and 25th November 2021
  3. DID related Bonus (up to +10%)

    10% additional auction bonus rewards are reserved for our crowdloan contributors to finish some special identity-related tasks. In future, these tasks will be consolidated into Litentry dApp, and empower the aggregated identity.

    Sign up for waitlist and get updated, more tasks are coming soon!

  4. Failure compensation

    • If Litentry doesn't win a slot in batch 1 auctions, Litentry will compensate the previous batch contributors in the new crowdloan campaign with extra LIT until it wins a slot in the auctions. However, if Litentry wins a slot in batch 1 there will be no compensations.
    • Compensation ratio: 1 DOT / 0.12 LIT
    • Compensation distribution: Once Litentry wins a parachain slot.

How can I contribute?

On Litentry

On Litentry

  1. Download the Polkadot Browser extension for Chorme or Firefox. Click here to download.
  2. Press on the Contribute Now button below.

Leaderboard

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FAQs

  • Can I contribute to the Litentry crowdloan before the auction starts?

  • When is the auction start and finish?

  • How can I contribute my DOT?

  • Where is my DOT held during a crowdloan?

View all FAQs

Timeline

About Litentry

The Web3 Identity Hub

Litentry is a Decentralized Identity Aggregator that enables linking user identities across multiple networks. It provides a secure vehicle through which users manage their identities and dApps obtain real-time DID data of an identity owner across different blockchains.

Related Articles

Explaining Litentry Parachain Auction (I) — Polkadot vs Kusama

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Explaining Litentry parachain auction #1 Polkadot vs Kusama

The first-round Polkadot Parachain Auction is coming. Litentry will also participate in it, so I will write a series of articles to explain i) Why we join the Polkadot parachain auction, ii) How we use crowdloan to bid for a parachain iii) What are the next steps after becoming a parachain. This is the first article about the rationale behind being a Polkadot parachain.

Read article

Explaining the Litentry Parachain Auction (II) — Reward Schema, Cost And Advantage

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Explaining Litentry parachain auction #2 Reward schema, cost and advantage

In our previous article, we discussed why Litentry is joining the Polkadot parachain auction. As crowdloan is currently the most efficient way for participating in the parachain auction, in this article, I will explain how we will utilize crowdloan to secure a Parachain slot in the auction, which will include the background, the research, and the reward plan of the Litentry crowdloan.

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Explaining the Litentry Parachain Auction (III) — Use Cases and dApp

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Explaining Litentry parachain auction #3 Use Cases and dApp

In the previous articles, we have discussed why Litentry picked Polkadot over Kusama and how we designed the reward plan. Though becoming a parachain grant shared security and cross-chain communication, the value of Litentry relies on the functionality of the chain and the onboarded layer 2 dApps.

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Litentry Crowdloan welcomes new partner PNS, giving contributors free Polkadot domain names

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Litentry Crowdloan is partnering with Polkadot Name System (PNS), one of our member projects in DID Startups Program, to give our crowdloan contributors free Polkadot domain names. Litentry Crowdloan is partnering with Binance Exchange for the Polkadot Parachain Auction. We are now in the Binance

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Litentry Crowdloan launches on Binance, rewarding 500,000 extra LIT and liquidity BDOT

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Crowdloan. Extra 500,000 LIT reward. Liquidity BDOT. Litentry. Binance.

Litentry Crowdloan is partnering with Binance Exchange for the Polkadot Parachain Auction. We are now in the Binance DOT Slot Auction , which entered into a Warm-Up promotion on Nov 4, 2021 at 13:00 UTC. Users who vote for Litentry during the 1-week Warm-Up promotion will receive a share of 500,000 LIT rewards (worth $2.5M as of Nov 4).

Read article

Litentry Crowdloan teams up with Bifrost to bring Liquidity DOT Derivatives

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1 DOT = 1 VSDOT + 1 VS BOND. Contribute to Litentry through Bifrost, gain liquidity, rewards and bonuses.

Litentry Crowdloan is partnering with Bifrost, a parachain network that provides liquidity for staking tokens. Bifrost will provide Litentry corwdloan contributors with liquidity DOT derivatives (vsDOT & vsBond) for DOTs contributing through Bifrost!

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Litentry Crowdloan welcomes our new partner Parallel to provide contributors liquidity cDOT and PARA bonus

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Litentry Crowdloan is partnering with Parallel, an auction loan platform, to provide our crowdloan contributors liquidity crowdloan DOT (cDOT) and PARA bonus.

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Litentry Crowdloan Plan for Polkadot Parachain Auction

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Litentry Crowdloan Rewards

As the long-expected Polkadot auction is near, Litentry is thrilled to announce our crowdloan strategies to the community to achieve board participation. This crowdloan is a strategic step for the Litentry Network, as our parachain will be connected to the Polkadot relay chain to gain shared security and interoperability. Our aggregated identity protocol will gain great advantage in becoming the standard in DID and the fundamental core in Web3.

Read article

View more articles on Medium

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