3 Days to TGE, Phone Call Between Lighter and Whale Reveals Key Details

The most anticipated TGE recently is none other than Lighter.

Only 3 days left until TGE, Lighter previously opened reservations for phone calls, where top-ranked users can have a 15-minute one-on-one discussion. Some whales, community members, and Lighter team members who have already had these calls have shared key information on Twitter, including the TGE date, token distribution, token buyback, and more. Based on this public information, BlockBeats has compiled the following summary of the key points.

1. Is the timing of the TGE confirmed?

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

BlockBeats Note: Currently, the probability of Lighter's TGE on Polymarkets before December 31st is 91%.

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

Answer: Manual high-frequency trading is normal trading and will not be front-run. The announcement regarding how many $LIT one point is worth will follow.

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

Answer: Our interview is also to inquire about what specific benefits everyone hopes to have in the future. We will empower the token fully. It is difficult to answer the buyback plan question at this time; there will be a related announcement later.

4. What are the future plans after TGE?​​

Answer: We will launch s3 to continue incentivizing users, aiming to implement a unified margin mechanism in Q1. We will also launch a mobile app and enter the prediction market. However, due to the enormous workload, it is hard to predict the timing 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 a listing?

Answer: They are unable to withdraw.

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

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

6. How does Lighter allocate fee revenue?

Answer: $LIT is neither equity nor a dividend-bearing token. Therefore, the fees generated by the protocol will not be used to distribute dividends to investors; instead, these fees will be uniformly reinvested back into the protocol for ecosystem expansion, product growth, and most importantly, token buyback.

7. What 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-round airdrop will release 25% of the total supply, while another 25% will be reserved for future airdrop reserve arrangements. All investors will follow a three-year vesting schedule.

8. It has been mentioned in the community that Justin Sun has 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. After that, he proactively contacted the team to further add liquidity for LLP, all following the on-chain rules for earning points.

9. What preparations have been made on the regulatory front?

Answer: Founder Vlad has visited Washington multiple times for direct communication with regulatory bodies, including Senator Tim Scott and members of the Presidential Digital Asset Working Group. Ahead of the TGE, Lighter has been proactively advancing the establishment of compliance and regulatory frameworks.

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

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

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

11. Are there any other unknown reward mechanisms?

Answer: There are no identity- or role-based special incentives, no hidden reward schemes, and no backroom-allocated "gameplay".

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