PANews reported on December 30th that Lighter announced the launch of its infrastructure token, LIT, on the X platform, and introduced LIT's structure, vision, and application roadmap. All value created by Lighter products and services will belong entirely to LIT holders. Lighter operates in the US, and the token is directly issued by its Class C company, which will continue to operate the protocol at cost. Tokens are allocated 50% to the ecosystem and 50% to the team/investors. The first and second quarters of the points campaign in 2025 have generated 12.5 million points, which will be immediately airdropped, equivalent to 25% of the fully diluted value. The remaining 25% of tokens in the ecosystem will be used for future points campaigns and to a lesser extent for partnerships and growth initiatives. Both team and investor tokens have a one-year vesting period, followed by three years of linear vesting. Specifically, the allocation is 26% for the team and 24% for investors.
LIT holders will gain access to financial products that generate risk-adjusted returns and improve execution and capital efficiency. The infrastructure for executing financial transactions and verifying their fairness and correctness will be tiered based on LIT staking and increasingly decentralized. Market data access and price verification are also crucial components of the infrastructure required for future finance. Financial data providers and subscribers will use LIT as a fee token, with staking incentivizing the provision of verifiable data for trading and risk management.
