3 days before the Lighter TGE: the community's key revelations on incentives, the roadmap, and the tokenomics model

The countdown to Lighter’s TGE is now underway, with the launch expected by the end of 2024. In recent hours, major investors, contributors, and active community members who participated in individual calls have shared numerous details on Twitter about critical aspects of the project, from token distribution to future plans and compliance strategies.

TGE Timeline and Launch Probability

Lighter’s team has confirmed that the TGE will occur by December 31, 2024. On Polymarkets, the estimated probability by traders that the event will happen before this date stands at 91%, indicating a very high confidence in meeting the communicated schedule.

Current LIT token data:

• Price: $2.41 USD
• 24h Change: -9.58%
• 24h Volume: $2.31M
• Circulating Market Cap: $603.00M
• Circulating Supply: 250,000,000 LIT
• Total Supply: 1,000,000,000 LIT
• Circulation Rate: 25%

Trader Qualification and Point Calculation

One of the most frequently asked questions concerned whether high-frequency manual trading would be classified as a sybil activity. The team clarified that frequent manual trading falls under regular trading activity and will never be considered a sybil attack. However, regarding the conversion from points to $LIT, the official communication is still pending: the team has postponed further announcements.

An interesting detail: Justin Sun accumulated over 10,000 points through multiple wallets in the early phases, and later contacted the team to add more liquidity to the LLP program, always respecting on-chain metrics for point acquisition.

Tokenomics and Distribution Structure

Lighter’s tokenomics follows a well-defined model, although granular details have not yet been fully published. The distribution roadmap foresees that the first airdrop round will release 25% of the total supply, with another 25% allocated for future airdrops. Institutional investors will be subject to a three-year vesting period, ensuring gradual dilution.

Token Utility and Revenue Reinvestment

$LIT does not represent equity nor follow a dividend-bearing model. Consequently, revenues from platform fees on Lighter will not be distributed as dividends to holders but will be fully reinvested within the ecosystem. These funds will finance ecosystem expansion, product development, and crucially, token buybacks. The team has also engaged the community in consultations on specific benefits users may want in the future, committing to maximize token value.

Regarding the actual buyback plan, the team preferred to keep it confidential, promising official communications at a later time.

Strategies Against Dumping and Withdrawal Limitations

One of the most innovative aspects discussed during the calls was the response to forced CEX listings. If a centralized trading platform listed $LIT against the team’s wishes, users would not be able to withdraw to such exchanges. This control mechanism would prevent coordinated dumping of the token onto unauthorized platforms.

Post-TGE Roadmap and Technical Developments

After the token launch, the team will initiate Season 3 of incentives to continue rewarding participants. In Q1 2025, the goal is to implement the unified margin mechanism, a key feature to simplify trading experience. Simultaneously, the launch of the mobile app and the prediction market are planned. Due to the substantial workload, the team clarified they cannot estimate exact timelines but aim to complete all these milestones within 2025.

Regulatory Compliance and Institutional Relations

Founder Vlad has made multiple visits to Washington to establish direct dialogue with regulatory authorities, including Senator Tim Scott and members of the Presidential Digital Asset Working Group. This proactive regulatory approach is a differentiating factor: Lighter has already begun preparations to build a solid compliance framework even before the TGE. Additionally, Vlad discussed with Robinhood executives the possibilities of integrating tokenized assets.

Partnerships and Platform Listings

Unlike many projects, Lighter has not paid listing fees to any exchange. However, the project has been included in Coinbase’s roadmap, a sign that typically involves completing significant institutional due diligence.

No Hidden Mechanisms

In the final point, the team categorically denied the existence of special incentives based on identity or privileged roles, ruling out the presence of hidden reward plans or internal distribution “mechanisms.” This transparency has been emphasized as a core principle of the project.

Lighter’s community remains in anticipation of the last 72 hours before the TGE, confident that the team has already laid the groundwork for a solid regulatory, technical, and distributional structure.