Lighter launches native token LIT, with 25% of the tokens allocated for future points season activities

Foresight News reported that Lighter has launched its native token, LIT. According to the official statement, all value created by Lighter's products and services will belong to LIT holders. The team is currently 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 products and services can be tracked on-chain in real time and will be allocated to growth and buybacks based on market conditions.

The LIT token allocation ratio is: Ecosystem (50%) and Team/Investors (50%). The first and second seasons of points, which will be launched in 2025, have already generated 12.5 million points, which will be airdropped immediately, equivalent to 25% of the fully diluted value. The remaining 25% of the ecosystem allocation will be used for future points seasons, as well as a small amount for partnerships and growth plans. Both the team and investors will have a 1-year lock-up period followed by a 3-year linear vesting period, with the specific allocation ratio being 26% for the team and 24% for investors.