Litentry joining Polkadot Auction Batch #2

Litentry is launching our second crowdloan for the Polkadot auction batch 2! This new round of crowdloan is expected to open to contribution tomorrow, December 18th.

Spoiler: we have brought in a Referral Program with extra 5% bonus for you!

Here’s an overview of our Crowdloan #2 reward schema:

Basic Reward

  • Crowdloan start date: 18 December 2021

Up to 25% Extra Bonus

🎄Referral Bonus: 5%🎄

Everyone is welcome to refer friends (live on Dec 18th) to contribute to the Litentry Crowdloan. Refer a friend and share a 5% referral bonus (Referrer gets 2.5%, referee gets 2.5%.)

Referral bonus equals 5% of the amount of basic reward the referee receives: Referral bonus = Basic Reward * 5%. Once the referee contributes to the Litentry Crowdloan, both referrer and referee will be recorded for bonus distribution.

Early Bird Bonus: 10%

Extra +10% bonus if contribute before December 30, 2021.

DID Bonus: 10%

Extra +10% bonus for contributors who complete special identity tasks, details TBA.

Failure compensation

Previous participants in Polkadot auction batch #1 will receive compensation if re-enter Litentry Crowdloan in Polkadot auction batch #2. The compensation ratio is LIT : DOT= 0.12 : 1.

  • Participants contribute to Litentry Crowdloan #2 through Parallel could receive an extra 20% PARA compensation if they were previous batch participants. That said, for each DOT staked during Batch 1, you will receive 0.12 LIT and 0.8 PARA as compensation.

Similarly, if Litentry doesn’t win a slot in batch 2 auctions, Litentry will compensate the previous batch contributors in the new crowdloan campaign with extra LIT until it wins a slot in the auctions. The compensation will be distributed on Polkadot until Litentry wins a parachain slot.

Partner Bonus

PNS

  • 1,000 .dot domain from PNS will be free to claim for the first 1000 contributors who contribute ≥10 DOT to the Litentry Crowdloan #2. The claiming will start on December 20th;

Unique

  • 10 Chelobrick NFTs will be airdropped to the first 10 participants who contribute ≥50 DOT to the Litentry Crowdloan.

MiniMich

  • 50 MiniMich NFTs will be airdropped to the first 50 participants who contribute ≥100 DOT to the Litentry Crowdloan.

Partner Channels

Alongside our Crowdloan Webapp and Polkadot.js, you could participate through below channels for liquidity and extra bonus.

Parallel

  1. Contribute through Parallel, for each DOT contributed to Litentry, you get extra 4 PARA token and 1 liquidity cDOT issued by Parallel.
  • 20+M LIT Basic Rewards

Bifrost

  1. Contribute through Bifrost, for each DOT contributed to Litentry, you get extra 0.02 BNC and 1 liquidity vsDOT issued by Bifrost and pricing at the market price of DOT.
  • 20+M LIT Basic Rewards

Crowdloan in a nutshell:

Last updated on Jan 4, 2022

Please note that Litentry Foundation reserves the right the change the rules of this event.

Community Call

Got questions? Join our community call on December 20th (Monday) at 12 PM UTC on Binance Live.

About Litentry

Litentry is a Decentralized Identity Aggregator that enables linking user identities across multiple networks. Featuring a DID indexing protocol and a Substrate-built distributed DID validation blockchain, Litentry provides a decentralized, interoperable identity aggregation service that mitigates the difficulty of resolving agnostic DID mechanisms. Litentry provides a secure vehicle through which users manage their identities and dApps obtain real-time DID data of an identity owner across different blockchains.

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