Lighter: The Witch Account points will be reallocated to eligible traders, with no future dual-token/equity structure

By: theblockbeats.news|2025/12/28 15:33:08
0
Share
copy

BlockBeats News, December 28th, Lighter Founder and CEO Vladimir Novakovski stated in today's Community Space that the anti-cheat algorithm uses data science and clustering methods to identify, target, and reallocate points from witch accounts to eligible traders. There is an appeal mechanism for the witch screening process, and so far the number of appeals has been lower than expected. If users feel that the algorithm is unfair, they are welcome to fill out the appeal form built into Discord. Specific algorithm details will not be disclosed to avoid targeted optimization. Lighter is confident in the final witch determination results, but if there are indeed misjudgments, please be sure to appeal.

Furthermore, the large amount of tokens transferred to the trading platform is unrelated to the airdrop and is intended to secure the allocation shares of investors and the team. The ultimate goal is to accumulate value to the token, not equity, and a dual token/equity structure will not be adopted in the future.

-- Price

--

You may also like

Uniswap is trapped in an innovation dilemma

The various iterations of Uniswap are one of the sources of vitality in the DeFi market, but since 2023, Uniswap has not proposed any substantial innovations, instead adhering to traditional business explorations in application chains, Launchpads, etc., leading to a slump in token prices and market ...

What is the key to competition in crypto banking?

Digital banks, crypto cards, wallets, super apps, and DeFi protocols are all converging towards the same goal: to become the primary gateway for your savings, spending, earning, and transferring in the new era.

The flow of stablecoins and the spillover effects in the foreign exchange market

Research has found that an exogenous increase in net inflows of stablecoins significantly widens the price deviation between stablecoins and traditional foreign exchange, leads to depreciation of the local currency, and worsens the financing conditions for synthetic dollars (i.e., increases the doll...

After two years, Hong Kong's first batch of stablecoin licenses finally issued: HSBC, Standard Chartered make the cut

The regulated entity is set to launch a stablecoin in the first half of this year.

The person who helped TAO rise by 90% has now single-handedly crashed the price again today

As long as people are around, the story continues. But once they're gone, you may not even find a worthy opponent to play against.

3-Minute Guide to Participating in the SpaceX IPO on Bitget

Bitget IPO Prime brings a rare opportunity for global users to participate in world-class unicorn IPOs, allowing ordinary users to equally access the potential economic benefits of top-tier IPOs.

Popular coins

Latest Crypto News

Read more