Lighter AMA: Community Token Allocation accounts for 50% of the total supply, with a Token Buyback Mechanism planned
BlockBeats News, December 27, Lighter team's Head of Marketing @Pilla_eth today shared some details of the TGE in an AMA event with the theme "Lighter TGE," including:
1. The TGE and airdrop will take place in 2025, with the airdrop amounting to 25% of the total supply, with no locking restrictions. The airdrop does not need to be claimed and will be deposited directly into the Lightner wallet of token holders.
2. 50% of the token supply will be allocated to the community, more tokenomics details will be gradually announced, there will be a token buyback, but the specific amount is undecided. "Therefore, value will flow back to the token."
3. The LIT token will initially only be tradable on the Lighter platform. Coinbase and Bybit have added LIT to their roadmap. They will not pay for listings.
4. There will be no official Lighter NFT, but they acknowledge some community NFTs, such as Fuego. The meme coin airdrop is just a rumor.
Additionally, @Pilla_eth revealed Lighter is developing "a mobile app good enough to rival CEX applications."
You may also like

Arm Chips In-House: Rewire News Brief

IOSG: Stablecoin Reshaping Asia Cross-Border Payments? Strategic Landscape and Investment Opportunities Analysis

\$73 Billion OpenAI Aims for IPO: Drops Sora, Snubs Disney, Puts Microsoft in Risk Factors

The Chip Industry's Most Secure Middleman Just Took a Very Risky Turn

CZ's Latest Interview: My Experience is Replicable, Writing a Book to Inspire Young Entrepreneurs

Morning News | Invesco acquires a $900 million on-chain fund from Superstate; ParaFi has raised $125 million for its new fund; Solana Foundation launches developer platform SDP

What is the background of this new fund that the two major prediction market platforms have rarely joined forces to create?

SIREN, another leveraged scam

Token has become extremely popular, and the blockchain is very sad

Tether's major shareholder invests £12 million to support the "British version of Trump" in the cryptocurrency sector

Huang Renxun's Latest Podcast: Will NVIDIA Reach $1 Trillion? Will the Number of Programmers Increase Instead of Decrease? How to Deal with AI Anxiety?

Besides Resolv Hack, This DeFi Vulnerability Type Has Occurred Four Times

Trump Cries Peace, $1.5 Billion Dash | Rewire News Evening Brief

From x402 to MPP: Cloudflare's crucial vote, will it go to Coinbase or Stripe?

BlackRock CEO issues annual open letter: The wave of tokenization has arrived, and we will lead this trend

When Backpack backstabs the community

When gold is no longer a safe haven, and Bitcoin continues to panic

