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Buy Litentry (LIT)



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About Litentry (LIT)

Litentry (LIT) is a cross-chain identity aggregator that enables decentralised identification (DID) aggregation, verification and credit calculation, allowing users identities to be linked to multiple distributed protocols. Litentry collects and distributes DIDs to different blockchains. The network features an identity matching and identity staking mechanism.

Litentry is built on the substrate network, a platform that is natively compatible with Polkadot (DOT). Substrate is working towards eradicating identity redundancy in the Web3-powered application ecosystem. 

LIT is the native utility token of Litentry and performs a number of different functions. LIT tokens are primarily used as a reward for indexed identity databases and as a fee for credit/reputation computation. Additionally, these tokens are also used for staking purposes and secure on-chain governance. 


How to Buy Litentry (LIT) in Australia

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Where is the best place to buy Litentry ?

The best place to buy Litentry is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Litentry and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.

How is the price of Litentry determined?

The price of Litentry is determined by the forces of supply and demand in the market. Similar to other assets, the price of Litentry is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for Litentry are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

Can I buy Litentry with credit card?

Swyftx does not allow you to directly buy Litentry with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy Litentry instantly.

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