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The biggest TGE of the year-end, what details are revealed through calls with Lighter and major investors
Article by: Rhythm Little Worker
The most anticipated TGE recently is none other than Lighter.
There are only 3 days left until TGE. Lighter previously opened reservations for conference calls, where users with top points rankings could have a 15-minute one-on-one session. Some major users who have already made calls, community members, and Lighter team members shared a lot of key information on Twitter, including TGE timing, token distribution, token buyback, and more. Based on these public disclosures, Rhythm BlockBeats has compiled a summary of the key points.
Answer: Yes, it has been confirmed that the TGE will be completed by the end of this year.
Note: Currently, on Polymarkets, there is a 91% probability that Lighter’s TGE will occur before December 31.
Answer: Manual high-frequency trading is normal trading and will not be considered wizards. The exact value of 1 point in $LIT will be announced later.
Answer: Our interviews are also to ask everyone what specific benefits they hope for in the future. We will fully empower the token. It’s too early to answer the buyback plan now; relevant announcements will be made later.
Answer: We will launch s3 to continue incentivizing users. In Q1, we aim to implement a unified margin mechanism, and there will also be a mobile APP. Additionally, a prediction market will be launched. However, due to the large workload, the timeline is uncertain, but we aim to complete it within next year.
(Questions 1-4 source: h/t Lin Shan @0Xlynn03)
Answer: They cannot withdraw funds.
Note: This seems to imply that even if CEX forces the listing, users cannot withdraw tokens to sell on the exchange, so they cannot cause a dump.
(Question 5 source: h/t Chabusi @mdzzi)
Answer: $LIT is not equity nor a dividend token. Therefore, the fees generated by the protocol are not used to distribute dividends or dividends to investors. Instead, they are funneled back into the protocol itself for ecosystem expansion, product growth, and most importantly, token buyback.
Answer: The specific Tokenomics details have not been fully disclosed yet, but the main distribution framework has been confirmed: the first round of airdrops will release 25% of the total supply, with another 25% reserved for future airdrop arrangements. All investors follow a three-year vesting schedule.
Answer: Justin Sun has held over 10,000 points through multiple wallets early on. Afterwards, he proactively contacted the team to add more liquidity for LLP, all following the on-chain point acquisition rules.
Answer: Founder Vlad has visited Washington multiple times to communicate directly 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 development.
Additionally, Vlad has also exchanged ideas with the Robinhood team regarding tokenized stocks.
Answer: Lighter has not paid any listing fees to any trading platform. Nevertheless, Lighter has been included in Coinbase’s roadmap, which usually indicates some level of institutional due diligence has been conducted.
Answer: There are no special incentives based on identity or roles, no hidden reward plans, and certainly no backend-distributed “gameplay.”