Lighter Private Sale AMA Summary: Community allocation will account for 50% of the token supply, and there will be a token buyback mechanism

BlockBeats News, December 27th, Lighter team's Head of Marketing @Pilla_eth today shared some details about the TGE in an AMA event with the theme "Lighter TGE," including:

1. The TGE and airdrop will take place in 2025, with the airdrop amounting to 25% of the total supply, with no lock-up restriction. The airdrop does not require claiming and will be directly deposited into Lightner wallet holders' accounts.

2. 50% of the token supply will be allocated to the community, with more details on tokenomics to be gradually announced. There will be a token buyback, but the specific amount is yet to be determined. "Hence, value will flow back to the token."

3. The LIT token will initially only be tradable on the Lighter platform. An exchange has added LIT to their roadmap. They will not pay for listings.

4. There will be no official Lighter NFTs, but they acknowledge some community NFTs, such as Fuego. The meme coin airdrop is just a rumor.

Furthermore, @Pilla_eth revealed that Lighter is developing "a mobile app powerful enough to rival CEX applications."