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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🔥 Litentry Burn Event #2 has been executed with great excitement!

We are thrilled to announce the successful burning of 377,800 LIT on June 6th, following the guidelines of the Litentry Identity Staking Inflation Model Discussion.

Burn txn: https://litentry.statescan.io/#/events/2478531-2 

This achievement marks the completion of our second burn event out of a total of eight. Stay tuned for more exciting updates as we continue to collaborate on shaping our governance decisions! 💪 

#Litentry #TokenBurnEvent #Governance

Litentry Burn Event #2 has been executed with great excitement.