Odaily Planet Daily News According to official news, Litentry announced a brand upgrade, the token was renamed from LIT to HEI, and the project was renamed Heima to reflect its strategic transformation from decentralized identity to cross-chain abstraction layer. The rebranding has been approved by Litentry's decentralized governance process.
Along with the rebranding, the underlying token economics and infrastructure of the project will be fully upgraded and will be applicable to the new HEI token. Overall, the HEI token will be fully unlocked after 20 months, and the circulating supply will increase from 66.45 million to 100 million in 20 months. The updated release plan accelerates the distribution of 29.3 million locked HEI tokens. Here is the breakdown:
-Eco Wallet: 22.1 million, unlocked in 20 months;
-Foundation: 2.2 million, unlocked in 20 months;
-Liquidity: 5 million, unlocked at the time of token exchange;
The remaining 4.25 million team tokens will be released according to the original plan.