Heima

• Heima is a cross-chain identity and asset management network, evolved from the earlier Litentry project.

• It combines decentralised identity with intent-based execution across chains.

• HEI is the network token.

• Converted from the earlier LIT token.

• Used for network fees, staking and governance.

Pros:

• Builds on an existing project with an operating history rather than starting from zero.

• Identity and cross-chain execution are complementary rather than unrelated products.

• Privacy-preserving identity has clear regulatory relevance.

Cons:

• Rebranding and token conversion introduce holder confusion and attrition.

• Decentralised identity has been a persistently difficult category to monetise.

• Competes in two crowded segments at once.

• Exposure to decentralised identity combined with cross-chain execution.

• Established codebase from the Litentry period.

• Weigh the difficulty the identity category has had finding sustainable demand.

• Decentralised identity used as the basis for cross-chain execution, rather than as a standalone credential product.

• Cross-chain actions require managing separate addresses and permissions on each chain.

• A portable identity layer lets one verified identity act across all of them.

• Evolved from Litentry, founded by Hanwen Cheng.

• Backed by ecosystem investors from the Polkadot community.

• LIT was distributed through earlier sales; HEI entered circulation via conversion.

• Rebrands frequently lose community continuity.

• Identity products have struggled to find paying demand.

• Competition in both identity and interoperability.

• Token conversion mechanics can strand holders who do not act.