Litentry is going to burn a lot of LIT tokens during the 7th quarter.
377,800 LIT tokens will be burned.
The tokens will be transferred from Ethereum to Litentry Parachain.
A referendum will be conducted to clear the balance of the token-holding parachain account.
This is the 7th burn event out of a total of 8 planned.

Litentry Token Burn Event #7

Litmus is going to be discontinued.
The balance of all Litmus accounts will be moved to the matching Litentry accounts.
476,293.288 LIT is the total issuance on Litmus.
The transfer will involve minting LIT tokens on a Litentry team member account and distributing the due balance of each Litmus account to its corresponding Litentry account via balance transfer.
The process is public and transparent.

Transfer all users' balance from Litmus accounts to Litentry accounts

Reduce the token bridge fee to 8 LIT 

Runtime upgrade to 9195

IdentityHub Airdrop 26050 LIT

Runtime upgrade to 9194

Runtime upgrade to 9193

Fix the parachainStaking.candidatePool() storage

Runtime upgrade to 9192 (redo of motion #24)

Runtime upgrade to 9191 for token decimal change

Litentry is making changes to its parachain staking rewards system. They will reduce the annual inflation rate for parachain staking from 1.5% to 1.0%. This change will take effect after the proposal is passed. The total estimated reduction will be approximately 500,000 LIT tokens annually. The reduction in the annual inflation rate will be reallocated as an extra staking reward for users possessing an IdentityHub score. This initiative is designed to reward and incentivize dedicated community members who actively participate and contribute to the ecosystem.

Litentry Announcement: Upcoming Changes for Parachain Staking Rewards partly-shifted to Identity hub staking

Litentry parachain has a new update with a target runtime version of 9182. 

The update can be found on Github. 

The runtime hash and preimage hash are important to ensure the update is correct. 

The screenshot shows the encoded call hash. 

The update is authorized through the `parachainSystem.authorizeUpgrade` call.

Runtime upgrade to add pallet-teebag and pallet-bitacross

Litentry, a blockchain-based identity verification platform, has announced its 6th quarter burn event from the inflation model. They will burn 377,800 LIT tokens. 
The tokens will be transferred from the Ethereum account controlled by the Litentry Foundation to the Litentry Parachain. 
A referendum will be conducted to clear the balance of the token-holding parachain account. 
This is the 6th burn event out of a total of 8 planned. 
Litentry team appreciates the community's continued support.

Litentry Token Burn Event #6

User Staking amount balance recover - 3

User Staking amount balance recover - 2

User Staking amount balance recover - 1

Litentry is a platform that is making an upgrade to its system to remove sudo. This is being done in a democratic way to make sure everyone knows about it. The new version is called 9175. The code change and release can be found on Github. The runtime hash and preimage hash match what is being proposed. There is a screenshot that shows the encoded call hash.

Runtime upgrade of litentry-parachain to remove sudo

Litentry, a blockchain-based platform, is going to burn 377,800 LIT tokens during the 5th quarter. The tokens will be transferred from Ethereum to the Litentry Parachain. A referendum will be conducted to clear the balance of the token-holding parachain account. This is the 5th burn event out of a total of 8 planned. A balance wallet proof is available for visual confirmation.

Litentry Token Burn Event #5

Support for withdrawing bounty of Proposal #12

Litentry is a company that is committed to burning a large amount of 377,800 LIT during the 4th quarter. The company will transfer this amount from the Ethereum account to the Litentry Parachain. A referendum will soon be conducted to zero out the balance of the token-holding parachain account. This is the 4th burn event out of a total of 8 planned. You can verify the transaction on the Litentry Parachain side. The company appreciates your continued support.

Litentry Token Burn Event #4

1. Someone tried to transfer their funds from ETH to Litentry (DOT) to stake their LIT coins.
2. They used an address with a Ledger hardware wallet attached for security reasons, but their funds got stuck in the account for three months.
3. They are proposing a motion to the council and the wider Litentry community to support the asset rescue effort to retrieve their LIT.
4. They provided proof of ownership of the Ethereum wallet and linked their wallets in the Identity Hub for transparency.
5. They are urging the community to support this motion to help retrieve their funds and make a positive impact together.

Support Token Rescue due to Ledger Incompatibility

- A person tried to transfer their funds from ETH to Litentry (DOT) using a portal but the funds got stuck in an account with a Ledger attached.
- The person is proposing a motion to the council and the Litentry community to support the asset rescue effort.
- The person has shared proof of ownership of the Ethereum wallet and linked their wallets in the Identity Hub.
- The locked LIT address and the address where the rescued assets will be sent have been provided.
- The community is urged to support this motion to help the user retrieve their LIT.

Recreated - Support Token Rescue due to Ledger Incompatibility

Litentry, a blockchain-based identity verification platform, has announced that they will be burning 377,800 LIT tokens during the third quarter of the year. This is in line with their Identity Staking Inflation Model.

The tokens will be transferred from the Ethereum account controlled by the Litentry Foundation to the Litentry Parachain.

A referendum will soon be conducted to zero out the balance of the token-holding parachain account.

This is the third burn event out of a total of 8 planned.

Litentry appreciates the continued support of its community.

Litentry Token Burn Event #3

- Someone tried to transfer their funds from ETH to Litentry (DOT) using a Ledger hardware wallet for security reasons.
- However, their funds got stuck in the account with the Ledger attached for over two months.
- They are proposing a motion to the council and the Litentry community to support the asset rescue effort.
- They have provided proof of ownership of the Ethereum wallet and linked their wallets in the Identity Hub.
- They are urging the community to come together and support this motion to help retrieve their LIT.

Litentry and Litmus networks need money to maintain their governance platforms, Subsquare and Statescan, during Q3-Q4 2023. Subsquare is a governance platform, while Statescan is a dedicated blockchain explorer for substrate-based blockchains. They need $7,400 to ensure smooth operations and sustained functionality of their governance services in these essential platforms during the specified period.

The work scope includes daily maintenance and DevOps work to make sure the Litentry and litmus subsquare/statescan deployment well running. They also plan to develop and deploy subsquare common features such as governance data statistics, calendar feature, address vote history, subsquare new design, and preimages page.

The requested allocation is $7,400 equivalent LIT token (11,029 LIT by the EMA7 price on 2023-08-7).

Litentry subsquare maintenance costs $4,200, Litmus subsquare maintenance costs $3,000, Litentry statescan maintenance costs $200, and Litmus statescan maintenance costs $0.

This proposal aims to secure the necessary funds to ensure the smooth functioning of Litentry and Litmus networks' governance platforms, Subsquare and Statescan, during Q3-Q4 2023.

Democracy Referenda