Litmus
We're building a Web3 identity hub on Kusama
Slot 23 ( - )
48 weeks lease period
CROWNLOAD UPDATE
We won slot #23!
Thank you for your support.
Raised Counter
21.64% of cap
1033 contributors
Crowdloan Details
- Start Date: 21 Jan 2022
- Slot Leasing Period
(Parachain duration): 48 weeks - Target Slot: #23-#25
- Crowdloan Hardcap: 50,000 KSM
- Token Reward Pool: 1 KSM : 30 LIT (Hardcap: 1.5% of total supply)
- Crowdloan Campaign Deadline: 15 Feb 2022
- Minimum Contribution: 0.1KSM
- Reward distribution:
LIT rewards will be distributed linearly in each block. The distribution starts once the Litmus parachain runs on the Kusama relay chain and balance transfer is enabled. Distribution ends when the parachain slot expires (after 48 weeks).
Distributed Rewards
30 LIT / KSM Fixed Reward
For each KSM contributed to the Litmus Crowdloan, you get 30 LIT. The total rewards will be calculated based the amount of KSM contribution.
Reward distribution
Distribution will start once Litmus becomes a Kusama parachain and balance transfer is enabled. Rewards will be sent linearly in each block. We'll provide a detailed guide on how to claim your LIT rewards once we win the auction.
10% Referral Bonus
Everyone is welcome to refer friends to contribute to the Litmus Crowdloan.
Refer a friend and share a 10% referral bonus (Referrer gets 5%, referee gets 5%).
5,500 BNC Liquidity Farming
Litmus contributors can contribute KSM through Bifrost, get liquidity vsKSM and vsBond, and get access to the Bifrost Liquidity Farming event.
Participants will share a 5,500 BNC token farming pool.
Timeline
- Kusama Parachain Auction
- We won Slot #23!
- We are here
Auction Channels
polkadot.js - Litmus Crowdloan
Contribute through polkadot.js or Litmus Crowdloan WebApp
30M LIT/KSM Basic Rewards
Basic rewards applies to all polkadot.js and Litmus Crowdloan WebApp contributors.
10% Referral Bonus
Extra +10% bonus when you refer a friend. 5% to referrer, 5% to the referee.
5,500 BNC Liquidity Farming
Contributors can participate in the Bifrost Liquidity Farming and share the 5,500 BNC reward pool.
Event opens to Litmus Crowdloan contributors only.
Liquidity vsKSM and vsBond
Each KSM contributed to Litmus Crowdloan gets a liquidity vsKSM and vsBond issued by Bifrost
Shared rewards
- 30 LIT/KSM Basic Rewards
- 10% Referral Bonus
Contribute through Bifrost
2 BNC : 1 KSM extra rewards
- 5,500 BNC Liquidity Farming, 30% 7-day APY
- vsKSM and vsBond for each KSM contributed
- Basic LIT rewards and referral bonus apply
- Learn more
FAQs
Have a question? Take a look at our FAQ page. You can also join our community and ask questions on Discord.
How can I contribute my KSM?
You can participate through the Litmus Webapp, Polkadot.js app and Bifrost.How do I claim my LIT rewards?
LIT rewards distribution will start once Litmus becomes a Kusama parachain and balance transfer is enabled. Rewards will be sent linearly in each block. We’ll provide a detailed guide on how to claim your LIT rewards once we win the auction.What is Litentry and how is it different from other DID projects like Kilt?
Litentry is a DID aggregation protocol that generates trees of cross-chain identities relationships. It allows user to have a comprehensive identity from linking their IDs across network, so as to obtain better services in Web3. Unlike other DID projects, we do not turn off-chain ID to DID nor do we focus on providing a verifiable credentials. Read more about what we do in thisarticle.What is the difference between Litmus and Litentry?
The Litmus Network will be a canary network that connects to the Kusama ecosystem, while the Litentry MainNet will connect to Polkadot. In short, the Litmus Network is a companion network to the Litentry MainNet. It is a lighter network with simple token economy, and enables faster and easier MVP launch. In the future, the two networks will co-exist and cooperate with projects in the corresponding ecosystem.
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
Identity Data Analytics (Web3Go)
Litentr's DID aggregated identity data could be further extracted and analyzed by open data platform like Web3go, to unlock the true value of cross-chain identity data.
Web3Go is an open data analytics platform that allows users to extract, curate, and visualize data with powerful yet easy-to-use tools. It provides a series of Web 3 data-related services: Micro-level analysis and visualization of cross-chain assets transactions, Parachain slot auctions, DeFi activities and token transaction histories; Sophisticated address labeling system to create user portraits and accumulate user identity library according to the behavior data on the chain; Utilizing Substrate Smart Contract, a reward system is deployed to incentivize users to post data task and patronize data professions on Web3Go. Being said, Web3Go will provide the essential technical infrastructure for data applications of all kinds in the Polkadot ecosystem.
Public Profile (Polkadot Name System)
Litentry's unique identity linking solution acts as the main registrar entry for open, decentralized domain name systems like PNS (Polkadot Name System), empowering them to index the public data into the domain name, with the private name reserved in Litentry's TEE side chain.
Single Sign-on account system (PokaSignIn)
Litentry team is also working on the Single Sign-On possibility with PolkaSignIn. We expect with this feature enabled, users could log in to any web2 or web3 services without friction in remembering the password, or saving browsing information, and repeatedly input personal information in centralized services. Imagine we have the “ Login with Litentry account” together with “Login with Google account” on the login page. And proxy accounts on any network could be generated without any frictions. That means we could gain interoperability across networks and applications.
DeFi/DAO/NFT/Social media scores
To encourage people to link their address and social media. Litentry can reward them with direct, clear, and comparable scores once they link their address on our platform. This tells them how engaged they are in DeFi/DAO/NFT/Social media. It can be used to show off their achievement and contribution in the space, also a great highlight to be added in their resume for employment
Data Service Provider to Projects
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.
Project Loyalty NFT (NFT pallet)
Litentry's NFT pallet supports different projects to issue Project Loyalty NFT based on identities' historical activities, in order to better encourage long-term support by incentivizing users to conduct valuable behaviors and activities for further rewards.
DeFi Credit Lending
Without credit or financial history of users, DeFi lending protocol can only issue an over-collateralized loan. Because users don't know the identity of their counterparty if they will pay back the loan, so they can't verify their credit rating.
Litentry allows users to collect their historical cross-chain data including credit and on-chain reputation and aggregate them into one identity. And this identity can be used in determining collateral rates in DeFi lending and improve on-chain capital efficiency.
On-chain Governance
Currently, on-chain governance's voting power is determined simply by token holding. This creates serious big whales issues, in which large holders have significant power over the future of a particular protocol.
Litentry's real-time credit calculation system provides a transparent, verifiable credit that potentially determines the voter's voting power. This proposal aims to account for more qualitative factors and encourage more active participation in on-chain governance.
Related Articles
Litmus Crowdloan | Litentry in the Kusama Auction
4 min read
Litentry will participate in the Kusama Parachain Auction in parallel with our current Polkadot auction bidding. We're aiming to bid for Slot #23-#25 starting from January 23rd, 2022.
We aim to launch the Litmus Crowdloan on January 23rd. The reward schema will be announced soon.