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WE-Launch
Lighter officially announces its native token LIT, but airdrop timing is still unclear
BlockBeats News, December 30th, Lighter announced the launch of its native token LIT. The official statement indicates that all value created by Lighter products and services will belong to LIT holders. Currently, the team is building in the United States, and the token is issued directly by its Class C corporation, which will continue to operate the protocol at cost. The revenue from the core DEX product and future product services can be traced on-chain in real-time and will be allocated to growth and buyback based on market conditions.
The LIT token distribution is as follows: Ecosystem (50%) and Team/Investors (50%). The first and second quarters of points to be launched in 2025 have generated 12.5 million points, which will be airdropped immediately, equivalent to 25% of the fully diluted value. The remaining 25% of tokens allocated to the ecosystem will be used for future points season activities, as well as a small number for partnerships and growth plans. Both the team and investors have a 1-year unlock period and a subsequent 3-year linear vesting period, with a specific allocation ratio of 26% for the team and 24% for investors.
It is worth noting that Lighter has not yet specified the highly anticipated airdrop timing in this announcement.
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