Lighter founder vladn.eth recently published a detailed airdrop distribution explanation in the project community, clarifying the public's questions about the project's token LIT distribution. According to the announcement, the project team confirmed the existence of an independent points distribution mechanism outside of trading activities, which accounts for less than 10% of the total airdrop.
Specifically, there was a special arrangement established before the private testing phase at the end of last year. The project team signed an agreement with a third-party liquidity provider, offering up to $5 million in liquidity reserves during the testing phase to hedge against early market liquidity shortages. The founder emphasized that there is no financial interest or personal relationship between the two parties; it is purely a business cooperation.
Another detail is that Lighter has established a partnership with a trading company, leveraging their technical expertise in low-latency trading systems to accelerate platform feature iterations.
It is worth noting that earlier data showed Jump Crypto has been providing market-making services on Lighter since mid-November, earning an airdrop reward of 9,285,000 LIT tokens, which was approximately $24.2 million at the time, representing about 0.93% of the total LIT supply. This also illustrates the contribution differences among various participants in the early stages of the project.
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ShitcoinConnoisseur
· 19h ago
Jump Crypto took 9,285,000 LIT, this move is really aggressive. It feels like we retail investors are just here to watch from the sidelines.
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HodlKumamon
· 19h ago
熊熊 just wants to ask, with only 9,285,000 LIT tokens at 0.93%, where did the remaining 99% go? Feeling a bit sorry for those who participated early.
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RumbleValidator
· 19h ago
A liquidity reserve of 5 million USD to hedge risks—there's nothing wrong with that logic. But the question is, has this money actually gone in? Can on-chain data verify it?
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TokenomicsDetective
· 19h ago
Jump Crypto takes 0.93%, this airdrop distribution really seems to be well thought out.
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WinterWarmthCat
· 19h ago
It's the same old story, but Jump Crypto's share is indeed a bit outrageous.
Lighter founder vladn.eth recently published a detailed airdrop distribution explanation in the project community, clarifying the public's questions about the project's token LIT distribution. According to the announcement, the project team confirmed the existence of an independent points distribution mechanism outside of trading activities, which accounts for less than 10% of the total airdrop.
Specifically, there was a special arrangement established before the private testing phase at the end of last year. The project team signed an agreement with a third-party liquidity provider, offering up to $5 million in liquidity reserves during the testing phase to hedge against early market liquidity shortages. The founder emphasized that there is no financial interest or personal relationship between the two parties; it is purely a business cooperation.
Another detail is that Lighter has established a partnership with a trading company, leveraging their technical expertise in low-latency trading systems to accelerate platform feature iterations.
It is worth noting that earlier data showed Jump Crypto has been providing market-making services on Lighter since mid-November, earning an airdrop reward of 9,285,000 LIT tokens, which was approximately $24.2 million at the time, representing about 0.93% of the total LIT supply. This also illustrates the contribution differences among various participants in the early stages of the project.