iOS & Android

Lighter Market Lead: TGE and airdrop will take place within the year, with an airdrop ratio of 25% of the total supply

ChainCatcher news, Pilla.eth, the market lead of the Lighter team, shared some details about the TGE in an AMA event themed around Lighter TGE today, mainly including:

1. The TGE and airdrop will take place in 2025, with the airdrop amount being 25% of the total supply, and no lock-up restrictions.

2. The airdrop does not require claiming; it will be directly deposited into the Lighter wallets of points holders.

3. 50% of the token supply will be allocated to the community. More tokenomics details will be gradually released, and there will be token buybacks, but the specific amount is undetermined.

4. LIT tokens will initially only be tradable on the Lighter platform. Coinbase and Bybit have added LIT to their roadmaps; the team will not pay for listings.

5. There will be no official Lighter NFT, but some community NFTs (such as Fuego) are acknowledged, and meme coin airdrops are also rumors.

Additionally, Pilla.eth revealed that Lighter is developing “a mobile application that can rival CEX apps.”