The Staked $LIT Airdrop is officially live! Offering an incredible opportunity for our dedicated users to earn rewards and participate in the future of the Litentry ecosystem. With a reward pool of 25,000 $LIT, divided into 5,000 shares of 5 $LIT each, this initiative showcases the added benefits of identity-based staking. Let’s dive into the details and see why this airdrop is a game-changer for you and the entire $LIT ecosystem.
Exploring the Staking Landscape with our innovative approach
Typically, staking functions are based solely on the amount staked, influencing the distribution of benefits. However, this model overlooks the contributions of high-quality users who significantly impact the project.
In our $LIT staking experiment, we aim to reward users who bring the most value to the project, including token holders, active product users, and those making substantial contributions to the community. Our goal is to refine this process and offer it to more partners, supporting both project owners and high-quality users.
Why Staked $LIT Instead of Direct Airdrop?
At Litentry, we are committed to bringing real value to users through identity. Instead of directly airdropping $LIT, we chose to stake it. This approach aims to provide higher returns through identity-based activities, rewarding more active and engaged users. By issuing staked $LIT, we want active users to experience this innovative process first, exploring and benefiting from it alongside us.
Upcoming Launch of the New Staking Function
Anticipated within 1–2 months, the new staking function is on its way, overcoming complex challenges to provide users with the benefits of their identities soon. Stay updated via Litentry’s X and Discord channels for the launch date and instructions. Plus, get ready for:
🌟 Higher Returns for Active Participation 🌟
Our unique approach to staking rewards active users. The more you engage with IdentityHub, the higher your potential returns. This means that your contributions to the project are recognized and rewarded, not just the amount you stake.
🌟 Welcoming Partnerships 🌟
We are open to discussions with partners interested in collaborating on this feature. Your feedback and participation are invaluable as we continue to innovate and enhance our staking system.
How to Participate in the Staked $LIT Airdrop
Participating in the Staked $LIT Airdrop is simple and straightforward:
- Join Season 2: If you haven’t already, sign up and become an active participant in Season 2 of IdentityHub.
- Reach 300 Points: Earn a Season 2 score of at least 300 points through your activities and contributions.
- Claim Your Share: Be one of the first 5,000 users to click the “Claim Now” button and receive 5 $LIT, which will be automatically staked for you.
Some Useful Information
👉 Withdrawal Timeline
You can withdraw your staked $LIT 7 days after the new staking feature based on identity reward distribution goes live. Stay tuned for updates via Litentry’s X and Discord channels for the exact launch date and further instructions.
👉 Wallet Requirements
To withdraw your staked $LIT, you will need a Polkadot wallet (polkadot.js). While this may seem like an extra step, it ensures that your rewards are securely managed and easily accessible on the Litentry chain.
Conclusion
The Staked $LIT Airdrop is more than just a reward; it’s an invitation to be part of the evolving IdentityHub ecosystem. By participating, you not only earn valuable rewards but also contribute to the growth and security of the network. Don’t miss this opportunity to claim your share and experience the future of identity-based staking. Join us today and be a part of something bigger!
For detailed rules and guidelines, please refer to the 🌟 $LIT Staked Airdrop Rules 🌟
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