Among the most anticipated TGEs recently, Lighter stands out.
With 3 days left until the TGE, Lighter previously opened registrations for phone calls, where users with higher point rankings could have a 15-minute one-on-one conversation. Some large holders, community members, and Lighter team members who have already made calls have shared a lot of key information on Twitter, including the TGE timing, token distribution, token buyback, and more. Based on this publicly available information, BlockBeats has compiled the key points.
1. Has the TGE timing been confirmed?
Answer: Yes, the TGE will be completed by the end of this year.
BlockBeats note: Currently on Polymarkets, the probability of Lighter TGE before December 31 is 91%.
2. Could manual high-frequency trading accounts potentially be flagged as Sybil? How many $LIT does 1 point equal?
Answer: Manual high-frequency trading is normal trading and will not be flagged as Sybil. The conversion rate of 1 point to $LIT will be announced later.
3. What benefits will $LIT holders have in the future? Will Lighter have a buyback plan?
Answer: Our interviews are also to ask what specific benefits everyone hopes for in the future; we will fully empower the token. The buyback plan question is not suitable to answer now; there will be related announcements later.
4. What are the future plans after TGE?
Answer: We will launch Season 3 to continue incentivizing users, aim to implement unified margin mechanism in Q1, also launch a mobile app, and additionally launch prediction markets. However, due to the massive workload, the estimated timeline is uncertain; we aim to complete it within next year.
(Q&A 1-4 source: h/t Linshan @0Xlynn03)
5. I know you plan not to list on CEXs immediately; what if they list forcibly?
Answer: They cannot withdraw.
BlockBeats note: This seems to imply that even if a CEX forcibly lists, users cannot withdraw tokens to the exchange to sell, thus preventing dumping.
(Q&A 5 source: h/t Chabusi @mdzzi)
6. How does Lighter allocate fee revenue?
Answer: $LIT is not equity, nor a dividend token. Therefore, fees generated by the protocol will not be used to pay dividends or interest to investors but will be uniformly returned to the protocol itself for ecosystem expansion, product growth, and most importantly, token buyback.
7. What is the airdrop allocation and tokenomics distribution model?
Answer: Specific tokenomics details are not fully disclosed yet, but the major allocation framework is set: the first airdrop will release 25% of the total supply, while another 25% will be reserved for future airdrop arrangements. All investors follow a three-year vesting schedule.
8. The community also mentioned Justin Sun providing a lot of liquidity for Lighter; how many points does he have?
Answer: Justin Sun held over 10,000 points via multiple wallets early on. After that, he proactively contacted the team to add more liquidity to LLP, all following the on-chain point acquisition rules.
9. What preparations have been made on the regulatory front?
Answer: Founder Vlad has visited Washington multiple times for direct communication with regulators, including Senator Tim Scott and members of the Presidential Digital Asset Working Group. Before TGE, Lighter has been proactively advancing compliance and regulatory framework setup.
Additionally, Vlad has communicated with the Robinhood team regarding tokenized stocks.
10. What arrangements have been made with other CEXs or trading platforms?
Answer: Lighter has not paid listing fees to any trading platform. Nevertheless, Lighter being included in Coinbase’s roadmap usually implies some level of institutional due diligence has been conducted.
11. Are there any unknown reward mechanisms?
Answer: There are no special incentives based on identity or role, no hidden reward programs, and no backend-allocated “schemes.”
(Q&A 6-11 source: h/t @CarreNFT, Lighter Contributor Kevin Susanto Zihuang @KevinSusanto)
