Odaily News According to official news, Litentry announced a brand upgrade, with the token renamed from LIT to HEI and the project renamed Heima to reflect its strategic transformation from decentralized identity to cross-chain abstraction layer. The rebranding has been approved through Litentry's decentralized governance process.
Along with the rebrand, the project’s underlying token economics and infrastructure will be fully upgraded and will be available for the new HEI token. Overall, HEI tokens 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 schedule accelerates the distribution of the 29.3 million locked HEI tokens. Here is the breakdown:
- Ecological wallet: 22.1 million, unlocked in 20 months;
- Foundation: 2.2 million, unlocked in 20 months;
- Liquidity: 5 million, unlocked at token exchange;
The remaining 4.25 million team tokens will be released according to the original plan.