Litentry is a multi-network-based decentralized identity aggregation protocol, with a decentralized identity (DID) indexing mechanism and a Substrate-based credit computing network.
The goal of Litentry is to help decentralize identity aggregation, verification and credit calculation.

LIT is Litentry's native utility token and has the following use cases:
Payment: Every time a user requests a real-time credit calculation through the network, they need to pay in LIT.
Rewards: Third parties who help build indexed identity databases will be rewarded with LIT.
Mortgage: To become a decentralized identity registrar, you need to mortgage a certain amount of LIT tokens.
Collateral: LIT is used as collateral for DeFi lending services.