CRYPTO

How Littantri’s innovative crowded loan program allows DOT holders to maximize their rewards


As crypto space becomes more interoperable, developers need to embrace this trend in search of great adoption and success. Within the ruling blockchain, Polkadot and its unique approach to governance and interoperability are fast becoming the focus of projects that could start the future of the industry.

Unlike Ethereum, Cardano, and other blockchains, Polkadot uses a unique process that allows the community to choose projects that will occupy limited slots in the network. To participate in the auction, the projects need to raise sufficient funds.

Once the process is complete, the winning projects will be set up via parachains, an independent network that powers the protocols. This process has already started a fierce competition with many projects like Moonbeam, Beefrost, Aster Network and Litentry.

Most of these projects offer a fixed reward for gaining the support of the community and winning the auction. Astar has introduced a 3-bonus level for its supporters with 5% native token ASTR locked as part of their crowded loan.

Moonbeam offers, on the other hand, use a portion of the 30% crowded loan pool, but investors will have to wait until the project is compatible with the Etherium Virtual Machine (EVM). Also, 70% of the prize will be distributed over a 96-week leasing period for slots.

Among the projects mentioned above, Crowdlone Launch Littentry offers a dynamic and versatile program with adaptive rewards, bonuses and other opportunities for its supporters by decentralized identity integration protocol.

On top of that, participants will be able to share their DOTs without additional requirements or complications. The litigation network will connect its parachin to the Polcadot relay chain. By doing this, it will provide more security and interoperability to the users.

Already running on Ethereum and Binance smart chains with their own local token called LIT, it offers an advantage over similar projects trying to get a slot in Polkadot, a big step for the recently launched Crowdloan strategies network.

The project has long been listed on the leading crypto exchange Binance and has a strong liquidity base. Thus, investors have an extra level of security and they can rely on the validity of the project.

The project has allocated 20% or 20,000,000 of LIT’s total supply to encourage users and reward its supporters to get a higher position and a higher chance of getting a slot at the Polcadot auction. The program will be live from the first slot to the fifth auction and will remain active until a place in the litigation network is confirmed.

Littantri offers the best prizes in the Polkadot ecosystem

Allocating 20% ​​of the total supply of LIT tokens in the Crowdloan program, Litentry offers DOT holders one of the best low-risk / high-reward strategies to diversify their portfolio. In this way, investors will have additional opportunity to profit without sharing their DOT.

To participate in the Crowdloan program, investors need to lock 5 DOTs for auction. This initial investment will be rewarded with a minimum of 2.5 LIT

Next, the final rewards will be estimated based on the percentage of each user’s contribution to the crowded pool. In other words, a user’s DOT contribution will be divided by the total DOT contribution of the pool.

The prizes will be awarded if the ongoing litigation parachute live on the Polkdot relay chain. Each investor will receive their LIT rewards linearly in each block for the slot lease period: 96 weeks.

Even if the project fails to secure a slot, investors will be compensated for the new Crowdloan promotion with additional LIT tokens until the program’s goals are met. Compensation for the 5 week crowd loan period will reach approximately 13% APY.

For early supporters, there will be a bonus of up to 10% if you support the campaign before November 18 or up to 5% if you participate by November 25. In addition, users may receive additional rewards for completing an identity-based task and supporting litigation. In case of main use of network. Users can also gain additional incentives through a number of Litentry partners, including SubDAO airdrop, Binance warmup promotions, and a brand new partnership with the Polkadot Name System that earns 10 DOT contributing users with free .dot domain names.

While beneficial, Polkadot’s stock rewards are far less than betting on the growth of its ecosystem. A project like the Littantry network, with high inter-maneuverability and a ready to use for increasing demand, because more people need the option to centralize the data and identity system.

Therefore, the CrowdLone Rewards program is a great opportunity for beginner investors to fully capture the potential of Litentry to become one of the top projects in space’s most promising ecosystem. At the same time, these investors will retain the ability to move within their blockchain.



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