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.

Litentry news today, LIT crypto latest news of token ticker

Litentry

A platform that scans and normalizes the blockchain governance data. It enables community members to propose, vote proposals and discuss the corresponding topics.

SubSquare | Litmus governance platform

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🏛Governance 1.0 on Litmus is live! 

LIT community can now administrate & make decisions over the development of Litmus Network using on-chain and off-chain governance.

On-chain governance: https://litmus.subsquare.io
Soft/off-chain governance: https://voting.opensquare.io/space/litentry

Propose: 
*anyone* can propose a referendum by depositing 100 LIT until the proposal passes into a referendum. This proposal to become a referendum will need to gain the highest amount of bonded support from people who agree with the proposal.

Vote: 
Your voting power depends on the number of tokens you lock up and your locking period.
The number of votes for each token holder will be calculated as:
     Votes = tokens * conviction_multiplier
p.s. you can still use locked tokens to vote

On-Chain and Off-chain Governance:
On-chain Gov is powerful because it can directly change Litmus Runtime's code. You need LITs in a Litmus wallet to govern.
Off-chain gov is more accessible & encompassing. You only need LIT in an ETH wallet to participate.

https://twitter.com/litentry/status/1556560550363947008?s=20&t=r7LCWbT1YJL_5JlMsUdM_w

Governance 1. 0 on Litmus is live.