Litentry (LIT) is a token of a decentralized protocol for the aggregation of identification data in several networks and consists of a mechanism for indexing decentralized data (DID) and a computer network for lending Substrat. The token in the network performs the functions of supporting the network, rewarding for the placement of identification data, for management.

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🧵/3 Requiring some support? 🤩

Follow our detailed guide on How to Participate in $LIT Staking on Litentry 👉

/3 Requiring some support. Follow our detailed guide on How to Participate in $LIT Staking on Litentry.

🧵/2 Minimum Deposit while Staking 🤏

When staking on Litentry make sure that your balance doesn’t drop below the Existential Deposit (0.1 LIT + tx fee) or that you contribute your entire balance to prevent getting reaped...

What to know more? Check out our latest article!…

/2 Minimum Deposit while Staking.

🧵/1 What is existential deposit (ED)? 🤔

Existential deposit is the minimum balance a user’s account must have In the Polkadot ecosystem to prevent getting completely wiped off (reaped) by the blockchain.

#staking #ED

/1 What is existential deposit (ED).

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