Governance Proposal: Recovery of 4,825.4075251418635 HEI from Inaccessible Bridge-Derived Account Label

Governance Proposal: Recovery of 152.53544867 HEI from Inaccessible Bridge-Derived Account Label

Litentry, a blockchain-based identity verification protocol, has launched the Litentry Research Bounty Program, which offers 1000 LIT tokens per proposal to support the Litentry ecosystem. The program is open to everyone, and proposals can cover areas such as use cases, tokenomics, technology, community Dapps, and marketing strategy. The deadline for proposal submission is September 30, 2023. To submit a proposal, visit https://polkadot.js.org/apps/ and follow the tutorial. The proposal initiator can also suggest a custom amount, and a 10% referral reward is given upon successful proposal acceptance by the Council.

Research Bounty Program

Litentry is a new solution that helps people with problems involving different types of digital assets. 

A user named Raenius#7875 had a problem with his LIT tokens, which he accidentally sent to an unsupported Ledger address. This left him with inaccessible assets, and he couldn't participate in additional services. 

The Litentry community and project team proposed a solution to recover the trapped assets, leveraging community involvement and the prospective IDHub for Identity Verification in governance. 

To authenticate Raenius#7875 as the rightful owner of his ETH address, they initiated a council motion to vote on the asset return proposal in Litentry governance. 

With the launch of IDHub, Litentry offers a solution for easier adoption. IDHub features Discord (Web2) verification on-chain integration, among other benefits. 

The Litentry team proposed employing IDHub instead of Ethereum's signature verification to simplify the verification process, enhancing user experience on Litentry.

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