Litentry (LIT) is a decentralized identity aggregator that connects and manages user identities across different blockchains. The platform enables users to have control over their identities and provides decentralized applications (dApps) real-time access to decentralized identities (DIDs) of identity owners across different blockchains. Litentry is built on the Polkadot network and aims to become a Parachain of this network.

Litentry utilizes the LIT token as a utility token on the network. The token can be used for payments, staking, and as collateral. The total supply of LIT tokens is limited to 100,000,000. The project aims to become a Parachain of the Polkadot network and provide interoperability with other blockchains.

Litentry has various potential applications in the future. The platform can be used for decentralized applications that require identity verification and management, such as financial services, healthcare, and online platforms. By giving users control over their identities, they can participate in various online activities securely and trustfully without sacrificing their privacy.

One of the ways to make money with Litentry is by participating as a validator on the network. Validators play a crucial role in verifying transactions and securing the network. As a reward for their contribution, they receive LIT tokens. By actively participating as a validator, users can earn money with Litentry. Additionally, the value of the LIT token can increase over time. If you own LIT tokens, you can profit from any price increases by selling them on cryptocurrency exchanges. However, it is important to note that the cryptocurrency market is volatile and the value of tokens can fluctuate.

Litentry also encourages third parties to set up indexed identity databases from different networks, which could provide nodes with quick and reliable decentralized identity data. To reward their efforts, LIT tokens are awarded to them. Furthermore, Litentry uses a reputation system to help users establish trust and credibility on the platform. Users can earn reputation points by providing verifiable attestations, such as proof of employment or proof of education, which can be used to validate their identity and establish trust with other users.

To store Litentry (LIT) tokens, you have several options:

1. Metamask: You can store LIT tokens in Metamask, a popular Ethereum wallet extension.
2. Ledger Hardware Wallet: Ledger supports ERC-20 tokens, including LIT. You can store your LIT tokens in the Ledger Ethereum address. However, you need to use third-party software like Metamask or MyEtherWallet to transfer the tokens.
3. Imtoken and Mathwallet: These mobile wallets support the Litentry token. You can download them from the Apple Store or Google Play to store your LIT tokens.
4. Polkadot.js.org Extension Wallet: This wallet does not support storing ERC-20 tokens like LIT. You need to use a hardware wallet or other Ethereum-based wallets for storage.

Make sure to follow the specific instructions for each wallet to ensure secure storage of your Litentry tokens.

To buy Litentry (LIT) tokens, you can follow these steps:

1. Register and Verify Account:

   • Go to the official website or app of a centralized exchange (CEX) that supports Litentry (LIT) trading, such as Binance, KuCoin, or Coinbase.
   • Sign up for an account, and verify your identity using a government-issued ID and enable two-step verification for security.

2. Fund Your Account:

   • Use fiat currency to buy USDT, ETH, or BNB, depending on the CEX and the trading pairs available.
   • You can use services provided by the CEX or financial platforms like PayPal or Robinhood to fund your account via bank transfer or credit card.

3. Transfer Funds and Buy LIT:

• Transfer the purchased USDT, ETH, or BNB to the CEX that supports Litentry (LIT) trading.
• Swap your funds for Litentry (LIT) in the spot market.

1. Choose a DEX:

   • Select a decentralized exchange (DEX) that supports Litentry (LIT) trading, such as Uniswap or Pancakeswap.
   • Ensure you know the blockchain the DEX is built on, as this will determine the cryptocurrency you need to purchase first.

2. Purchase Mainnet Cryptocurrency:

   • Buy the mainnet cryptocurrency required for the DEX, such as ETH for Uniswap or BNB for Pancakeswap.
   • Use fiat currency to purchase this cryptocurrency.

3. Set Up a Web3 Wallet:

• Download and install a Web3 crypto wallet like Metamask.
• Ensure the wallet is compatible with the DEX you are using.

4. Buy Litentry (LIT) on the DEX:
   • Use the purchased mainnet cryptocurrency to buy Litentry (LIT) on the DEX.

• Kriptomat:
  • Sign up and verify your account on Kriptomat.
  • Add funds using a bank deposit or credit card.
  • Buy Litentry (LIT) by selecting it from the list of cryptocurrencies and confirming your purchase.

These steps provide a general guide for buying Litentry (LIT) tokens from both centralized and decentralized exchanges, as well as alternative platforms.