Litentry (LIT) Price, Charts & Market Data

The LIT token served multiple essential functions within the Litentry ecosystem:

• Payment: Users utilized LIT to pay for real-time credit computations and identity-related services.

• Staking: Participants could stake LIT tokens to become identity registrars, contributing to the decentralization and efficiency of the network's identity verification processes.

• Rewards: Third parties who established and maintained indexed identity databases received LIT tokens as incentives, promoting active participation and ensuring data accuracy within the ecosystem.

• Collateral: LIT tokens were also used as collateral within DeFi lending and borrowing services, integrating identity verification to potentially reduce collateral requirements based on credit assessments.

In February 2025, Litentry rebranded to Heima (HEI) to align with its strategic shift towards chain abstraction and cross-chain asset management. The transition introduced enhanced functionalities, focusing on reducing friction in cross-chain operations and advancing the platform's role in Web3 interoperability.

Enhanced Focus: While Litentry focused on decentralized identity, Heima expanded to facilitate seamless cross-chain transactions and data flows.

Token Transition: The native token transitioned from LIT to HEI as part of the rebranding, maintaining its utility in payments, staking, rewards, and collateral services.