The most anticipated TGE recently is undoubtedly Lighter.
With three days remaining until TGE, Lighter previously opened reservations for its conference call, allowing top-ranked users to have a 15-minute one-on-one conversation. Several high-net-worth individuals, community members, and Lighter team members who have already made the call have shared crucial information on Twitter, including the TGE schedule, token allocation, and token buyback details. Based on this publicly available information, BlockBeats has compiled a summary of the key points.
1. Has the timing of TGE been determined?
A: It's confirmed. TGE will be completed by the end of this year.
Note from BlockBeats: The probability of Lighter TGE appearing on Polymarkets before December 31st is currently 91%.
2. Is it possible for a manual high-frequency trading account to be affected by witchcraft? How many $LIT are equal to 1 point?
A: Manual high-frequency trading is normal trading and will not cause witching. Regarding the amount in $LIT per cent, please wait for a later announcement.
3. What benefits will $LIT holders receive? Will Lighter have a buyback program?
A: Our interviews were also to find out what specific benefits people would like to see in the future, and we will fully empower the token. We can't answer the buyback plan question right now; there will be a related announcement later.
4. What are TGE's future plans?
A: We will launch S3 to continue incentivizing users. In Q1, we will strive to implement a unified margin mechanism, which will also be available on the mobile app and in the prediction market. However, due to the enormous workload, the estimated timeframe is difficult to predict, but we aim to complete it by next year.
(Q&A 1-4 Source: h/t linshan@0Xlynn03 )
5. I know you don't plan to launch on CEX immediately. What if they force it?
A: They cannot withdraw their money.
Note from BlockBeats: This seems to mean that even if the CEX forces the listing, users cannot withdraw their coins to the exchange to sell, thus preventing a market crash.
(Q&A 5 Source: h/t 茶不思@mdzzi )
6. How does Lighter allocate its transaction fee revenue?
A: $LIT is neither equity nor a dividend-paying token. Therefore, the transaction fees generated by the protocol will not be used to distribute dividends or interest to investors. Instead, they will all flow back into the protocol itself for ecosystem expansion, product growth, and most importantly, token buybacks.
7. How do the airdrop shares and token economics distribution models work?
A: Specific details regarding Tokenomics have not yet been fully released, but the general distribution framework has been determined: the first airdrop will release 25% of the total supply, while another 25% will be reserved for future airdrop arrangements. All investors will follow a three-year vesting period.
8. The community also mentioned that Justin Sun provided a lot of liquidity for Lighter. How many points does he have?
A: Justin Sun held over 10,000 points through multiple wallets early on. After that, he proactively contacted the team to add more liquidity to LLP, all in accordance with the existing on-chain points acquisition eligibility rules.
9. What preparations have been made at the regulatory level?
A: Founder Vlad traveled to Washington multiple times to communicate directly with regulatory agencies, including Senator Tim Scott and members of the President's Digital Asset Task Force. Prior to TGE, Lighter had been actively working on establishing a compliance and regulatory framework.
In addition, Vlad has also communicated with the Robinhood team about tokenized stocks.
10. What arrangements have been made on other CEXs or trading platforms?
A: Lighter has not paid any listing fees to any trading platform. However, Lighter is included in Coinbase's roadmap, which usually means that it has undergone some degree of institutional due diligence.
11. Are there any other unknown reward mechanisms?
A: There are no special incentives based on identity or role, no hidden reward program, and no "gameplay" assigned by the backend.
(Q&A 6-11 Source: h/t @CarreNFT , Lighter Contributor Kevin Susanto, Zihuang @KevinSusanto )
