This page describes the launch plan of litmus parachain
Following winning a Kusama parachain slot, the Litmus parachain was launched on Feb 20th with the genesis wasm. The initial launch will only include the minimum viable functionality to keep the chain running. It means:
- The parachain is running under the protection of a super-user (
- Most of the other pallets are deactivated, including governance, balance transfer and all other feature modules.
- The users' activities are very limited in this phase.
Once Litmus goes live, we will start to keep track of the chain state and verify that everything goes fine, including block authorization and finalization, collator status, extrinsic testing and runtime upgradability etc.
After we confirm that the parachain sits in a stable state and is running as expected, we will start to distribute the crowdloan rewards in LIT, with a linearly unlocked, per-block base.
Users can start to claim their crowdloan rewards. We will have a tutorial page later to explain how to claim it. Please note that the balance transfer remains deactivated, which means transferring the crowdloan reward to another account is still disabled.
A token migration mechanism with corresponding pallets will be activated, which allows the user to transfer ERC20 LIT tokens to Litmus parachain.
A cross-chain mechanism based on XCM with other parachains will be active. These parachains processing DEX features will make secondary market trading of LIT available.
After we confirm that the previous phases have been successfully carried out, we will start to activate the governance-related pallets in this phase with a subsequent
sudoremoval. From this point on, Limtus parachain will be fully governed by democracy, all on-chain state transitions that require
sudobefore will now have to go through a democratic process.
Users will be able to observe that the
sudokey is completely removed from the Litmus parachain and the governance feature is activated, including council, technical committee, and referendum. LIT token holders can now take part in on-chain governance activities.
Balance transfer will be enabled in this phase through a democratic runtime upgrade.
Users will be able to freely transfer their funds between accounts.
Note that Balance transfer and XCM are two independent mechanisms. So without balance transfer enabled, our users can still use the XCM function freely.
More feature pallets will be gradually onboarded in this phase. They are bound up with the Litentry products which widen the LIT token usage scenarios and bring the integrative service experience to the users.
The feature pallets are expected to contain but are not limited to:
Users will be able to take part in the various products and services firsthand and discover the diverse LIT token utilities.