The biggest TGE at the end of the year, what details were revealed in the calls with Lighter and the big players?

Recently, the most anticipated TGE is none other than Lighter.

There are 3 days left until the TGE, and Lighter has previously opened up reservations for a conference call. Users with high ranking points can have a 15-minute one-on-one conversation. Some large holders, community members, and Lighter team members who have already made calls have shared a lot of key information on Twitter, including the TGE time, token distribution, token buyback, and more. Based on this public information, Rhythm BlockBeats has compiled the relevant points.

1. Is the time for the TGE confirmed?

Answer: Yes, it is confirmed that the TGE will be completed by the end of this year.

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

2. Is there a possibility of manual high-frequency trading accounts being witch accounts? How many $LIT does 1 point equal?

Answer: Manual high-frequency trading is normal trading and will not be witch accounts. The amount of $LIT for 1 point will be announced later.

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

Answer: We are also interviewing to ask everyone what specific benefits they hope for in the future. We will fully empower the tokens. It is difficult to answer the buyback plan question now; there will be relevant announcements later.

4. What are the future plans after the TGE?

Answer: We will launch S3 to continue incentivizing users, aim for a unified margin mechanism in Q1, and also launch a mobile app. Additionally, we will enter the prediction market. However, due to the significant workload, the expected timeline is uncertain, but we aim to complete it within next year.

(Q&A 1-4 Source: h/t Linshan @0Xlynn03)

5. I know you plan not to list on CEX immediately; what if they force it?

Answer: They cannot withdraw.

Rhythm BlockBeats Note: This seems to imply that even if CEX forcibly lists, users will not be able to withdraw coins to sell on the exchange, thus preventing a crash.

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

6. How does Lighter allocate transaction fee revenue?

Answer: $LIT is neither equity nor a dividend-type token. Therefore, the transaction fees generated by the protocol will not be used for dividends or payouts to investors but will be uniformly reinvested back into the protocol for ecological expansion, product growth, and, most importantly, token buybacks.

7. What is the airdrop share and tokenomics distribution model?

Answer: The specific details of the Tokenomics have not been fully disclosed yet, but the major distribution framework has been determined: the first round of airdrops will release 25% of the total supply, while another 25% will be reserved for future airdrop 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 provide more liquidity for LLP, all in accordance with the original point acquisition rules on-chain.

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

Answer: Founder Vlad has traveled to Washington multiple times for direct communication with regulatory agencies, including Senator Tim Scott and members of the Presidential Digital Asset Working Group. Before the TGE, Lighter has been proactively advancing the construction of compliance and regulatory frameworks.

Additionally, Vlad has also communicated with the Robinhood team regarding tokenized stocks.

10. What arrangements have been made with other CEX or trading platforms?

Answer: Lighter has not paid any listing fees to any trading platform. Nevertheless, Lighter has been included in Coinbase's roadmap, which usually indicates that it has undergone a certain level of institutional due diligence.

11. Are there any other unknown reward mechanisms?

Answer: There are no special incentives based on identity or role, no hidden reward programs, and no "play" that involves backend allocations.

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

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