End-of-Year Mega TGE, Lighter, and Whale Call Revealed What Details

The most anticipated TGE recently, none other than Lighter.

Only 3 days left until TGE, Lighter previously opened reservations for a call, and users with high scores can have a 15-minute one-on-one conversation. Some whales, community members who have already had calls, and Lighter team members have released a lot of key information on Twitter, including TGE time, token distribution, token buyback, and more. Based on this public information, BlockBeats has compiled the relevant points.

1. Is the TGE time confirmed?

Answer: Yes, the TGE will be completed by the end of this year.

Note by BlockBeats: The probability of Lighter TGE on Polymarkets before December 31 is 91%.

2. Could manual high-frequency trading accounts be susceptible to front-running? How many $LIT is equal to 1 point?

Answer: Manual high-frequency trading is normal trading and will not be subject to front-running. The announcement regarding how many $LIT equals 1 point will be made later.

3. What benefits will $LIT holders have in the future? Will Lighter have a buyback plan?

Answer: Our interview was also to inquire what specific benefits you all hope to have in the future. We will empower the token fully. It's not appropriate to answer the buyback plan question now, as there will be a related announcement later.

4. What are the future plans after TGE?

Answer: We will launch s3 to continue incentivizing users, aim to implement a unified margin mechanism in Q1, launch a mobile app, and also enter the prediction market. However, due to the substantial workload, the estimated timeline is uncertain, but we aim to complete it next year.

(Q&A 1-4 Source: h/t Neighbor @0Xlynn03)

5. I know you don't plan to list on CEX immediately. What if they force the listing?

Answer: They are unable to withdraw.

Rhythm BlockBeats Note: This seems to mean that even if the CEX forcefully lists the token, users cannot withdraw the token to sell on the exchange, thus preventing price dumping.

(Q&A 5 Source: h/t Tea Thoughts @mdzzi)

6. How is Lighter's fee income distributed?

Answer: $LIT is not equity and not a dividend-bearing token. Therefore, the protocol's fee income will not be used to pay dividends to investors but will instead be uniformly returned to the protocol itself for ecosystem expansion, product growth, and most importantly, token buyback.

7. How is the airdrop allocation and tokenomics distribution model?

Answer: The specific Tokenomics details have not been fully disclosed yet, but the broad allocation framework has been determined: The first airdrop will release 25% of the total supply, while also reserving another 25% for future airdrop arrangement reserves. All investors will follow a three-year vesting schedule.

8. It was also mentioned in the community that Justin Sun provided a lot of liquidity for Lighter. How many points does he have?

Answer: Justin Sun held over 10,000 points early on through multiple wallets. Subsequently, he proactively contacted the team to further add liquidity to LLP, all following the on-chain original point acquisition qualification rules.

9. What preparations have been made at the regulatory level?

Answer: Founder Vlad has visited Washington D.C. multiple times for direct communication with regulatory agencies, including Senator Tim Scott and members of the President's Digital Asset Workgroup. Prior to the TGE, Lighter has been consistently advancing the establishment of compliance and regulatory frameworks.

In addition, Vlad has also had discussions with the Robinhood team regarding tokenized stocks.

10. What arrangements have been made with other CEXs or exchanges?

Answer: Lighter has not paid any listing fees to any exchange. However, despite this, Lighter is included in Coinbase's roadmap, which usually means it has undergone some level of institutional due diligence.

11. Are there any other undisclosed reward mechanisms?

Answer: There are no identity- or role-based special incentives, nor are there any hidden reward schemes, let alone any back-end allocated "gameplay".

(Q&A 6-11 Source: h/t @CarreNFT, Lighter Contributor Kevin Susanto 子煌 @KevinSusanto)

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