Question 1

What is Litentry (LIT)?

Accepted Answer

Litentry (LIT) was a decentralized identity aggregation protocol designed to enhance privacy and security across decentralized applications (dApps). Operating as a parachain on the Polkadot network, it facilitated real-time processing of decentralized identifiers (DIDs) and supported cross-chain identity verification. The protocol allowed users to manage their digital identities across multiple blockchains, enabling interoperability within decentralized ecosystems.

In February 2025, Litentry underwent a rebranding to become Heima (HEI). This strategic evolution expanded the platform’s focus from identity verification to include chain abstraction and broader cross-chain asset management, aiming to eliminate barriers between diverse blockchain networks.

Question 2

What was Litentry (LIT) used for?

Accepted Answer

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.

Question 3

How Did Litentry Work?

Accepted Answer

* **Identity Aggregation:**
Litentry enabled users to aggregate and manage their identities from multiple blockchains into a unified decentralized profile, simplifying identity verification across dApps.

* **Cross-Chain Verification:**
The protocol facilitated identity validation across different blockchains, promoting secure and decentralized information verification.

* **Privacy Preservation:**
Litentry integrated privacy-preserving mechanisms to ensure user data was processed securely and without exposure to third parties.

* **Polkadot Integration:**
As a Polkadot parachain, Litentry leveraged Polkadot’s interoperability to enhance cross-chain functionality and security.

Question 4

Transition to Heima (HEI)

Accepted Answer

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.

Question 5

Who created Litentry (LIT)?

Accepted Answer

Litentry, now Heima, was founded by Hanwen Cheng, who holds a Master of Science in Information Technology from the University of Stuttgart. Cheng has over five years of experience in blockchain technology and seven years in computer science. Before founding Litentry, Cheng worked as a software engineer at Parity Technologies, gaining expertise in decentralized systems and blockchain infrastructure.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	LITENTRY-USD LITUSD	kraken	AA	0.09390USD	-4.57%	90,085.84LITENTRY	314	0.09840USD	0.09950USD
2	LITENTRY-EUR LITEUR	kraken	AA	0.08740EUR	-3.74%	1,203.66LITENTRY	3	0.09080EUR	0.09080EUR
3	LITENTRY-USDT LITUSDT	latoken	D	0.01154USDT	0.00%	0LITENTRY	0	0.01154USDT	0.01154USDT