My contributions:

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We're building a Web3 identity hub on Polkadot

Earn rewards by contributing and joining our journey

Get 5% Bonus

Auction 6 ( - )

96 weeks lease period

Learn how to contribute

Current Reward

1 DOT : 52.3 LIT

Raised Counter

382,432.93 DOT
  • 3.19% of cap

  • 4300 contributors

View Leaderboard

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

    • Crowdloan Start Date: 18 December 2021
    • Slot Leasing Period (Parachain duration): 96 weeks
    • Target Slot: #6-#11
    • Crowdloan Hardcap: 12,000,000 DOT
    • Token Reward Pool: 20,000,000+ LIT (20+% of total supply)
    • Crowdloan Campaign Deadline: 10 March 2022
    • Minimum Contribution: 5 DOT
    • A participant will be rewarded with a minimum of 2.5 LIT per DOT. The final reward will be calculated as a % of each participant's contribution to the crowdloan pool, which equals (your DOT Contribution/Total DOT Contributions) * 20 Million LIT. This time we've raised our hardcap to 12M DOT from 8M to ensure a sufficient fundraise, therefore we will bring in extra LITs to ensure all participants could get at least 2.5 LIT/DOT if total-raised exceeds 8M.
    • Reward distribution: LIT rewards will be distributed linearly in each block. The distribution will start once the Litentry parachain runs on Polkadot relay chain and will end when the parachain slot expires (after 96 weeks).

    Read more

  2. Referral Bonus: 5%

    Everyone is welcome to refer friends (live on Dec 18th) to contribute to the Litentry Crowdloan. Refer a friend and share a 5% referral bonus (Referrer gets 2.5%, referee gets 2.5%).

    Referral bonus equals 5% of the amount of basic reward the referee receives: Referral bonus = Basic Reward * 5%. Once the referee contributes to the Litentry Crowdloan, both referrer and referee will be recorded for bonus distribution.

  3. Early Bird Bonus: 10%

    • Extra +10% bonus if contribute before December 30, 2021.
  4. DID Bonus: 10%

    Extra +10% bonus for contributors who complete special identity tasks, details TBA.

  5. Failure compensation

    Previous participants in Polkadot auction batch #1 will receive compensation if re-enter Litentry Crowdloan in Polkadot auction batch #2.

    The compensation ratio is LIT : DOT= 0.12 : 1.

    • Participants contribute to Litentry Crowdloan #2 through Parallel could receive an extra 20% PARA compensation if they were previous batch participants. That said, for each DOT staked during Batch 1, you will receive 0.12 LIT and 0.8 PARA as compensation.
    • There's no compensation for those who participated through Binance in batch #1, because 1) we could not get the contributor data from Binance; 2) users had already shared a total of 500K LIT bonus when participating as early rewards. With that in mind, we gratefully thank all Binance participants who supported us in Batch #1, and thank you for your understanding.

    Similarly, if Litentry doesn't win a slot in batch 2 auctions, Litentry will compensate the previous batch contributors in the new crowdloan campaign with extra LIT until it wins a slot in the auctions. The compensation will be distributed on Polkadot until Litentry wins a parachain slot.

Auction Channels

https://crowdloan.litentry.com

polkadot.js - Litentry Crowdloan

Contribute through polkadot.js or Litentry Crowdloan WebApp

20M LIT Basic Rewards

Basic rewards applies to all polkadot.js and Litentry Crowdloan WebApp contributors


10% Early Bird Bonus

Extra +10% bonus if contribute before December 30, 2021


10% DID Bonus

For contributors who complete special identity tasks, details TBA

https://bifrost.app/vcrowdloan

Bifrost - Litentry Crowdloan

Contribute through Bifrost

Liquidity vs DOT

Contribute DOT to get liquidity derivatives issued by Bifrost and pricing at the market price of DOT


Shared rewards

  • 20M LIT Basic Rewards
  • 10% Early Bird Bonus
  • 10% DID Bonus
https://crowdloan.parallel.fi

Parallel - Litentry Crowdloan

Contribute through Parallel

+4 PARA/DOT & Liquidity cDOT

Each DOT contributed to Litentry gets extra 4 PARA token and liquidity cDOT issued by Parallel


20% PARA compensation

Each DOT contributed to Litentry during batch gets 0.8 PARA and 0.12 LIT as compensation if re-enters in batch 2.


Shared rewards

  • 20M LIT Basic Rewards
  • 10% Early Bird Bonus
  • 10% DID Bonus

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.

What we're working on

Data Service Provider to Crypto Users

Social Interaction (My Crypto Profile)

Social Interaction (My Crypto Profile)

Based on Litentry's cross-chain identity protocol, MCP could go further with the vision being proved. It has unique features for users to discover another identity in the Web3 space. In the future, MCP will keep exploring the interactions with on-chain identity, and make use of the NFT module because an identity could be regarded as a collection of NFTs.

Learn more

Data Service Provider to Projects

TaskFi & Airdrops Whitelisting (Drop3 Platform)

TaskFi & Airdrops Whitelisting (Drop3 Platform)

For now, projects like Uniswap had airdrops to their users based on unique addresses, but not unique identities. Validation and contribution methods proceed in a centralized way and face multiple questions like transparency, token claim fee, one-time distribution, etc.

Litentry identity verification system enables crypto projects to identify target users and filter out zombies in an airdrop. It also empowers builders in the web3.0 ecosystem with an innovative TaskFi platform, a user needs to complete the tasks, and the user could claim the reward after the tasks are completed.

Related Articles

Litentry Crowdloan Follow-up and Looking Into Polkadot Auction Batch 2

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Litentry Crowdloan Follow-up and Looking Into Polkadot Auction Batch 2

As the Litentry Crowdloan campaign for the Polkadot slot auction is more than halfway through, it is now a good time to look back at our journey so far.

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Explaining Litentry Parachain Auction (I) — Polkadot vs Kusama

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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.

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

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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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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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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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Crowdloan Bonus. PARA Rewards. 1 DOT = 4 PARA. Liquidity crowdloan cDOT. 10% Bonus Early Birds. For every DOT contributed to Litentry through Parallel.

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

Read article

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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