Lighter, a decentralized perpetual exchange and DeFi infrastructure platform, has unveiled its native token for its crypto ecosystem, named Light Infrastructure Token (LIT). They confirmed it through their X handle by this morning in a thread post, describing its token allocation, structure, and utilities. Then, within a few hours, the lighter activated the LIT/USDC trading pair, and the token was live on the platform after the announcement.
Where this Lighter is built on Ethereum Layer 2 using Zero-knowledge rollup technology, in the post, they mentioned in the thread post that the earnings generated by their main DEX product, as well as future products and services, can be tracked openly by anyone in real time on chain and will be divided between growth and buybacks depending on market circumstances.
When it comes to token allocation, the total supply of the LIT token is 1 billion. With that, the Lighter clarified that half of the percentage is kept for the ecosystem. Then, the other 50% is reserved for the team/investors, in that 26% is vested in the team and 24% allocated to investors.
Regarding the ecosystem portion, the 2025 points season programs produced 12.5 million points, which will be distributed immediately through an airdrop. This equates to 25% of the entire token supply. The remaining 25% will be preserved for future reward schemes, with a tiny portion going toward partnerships and ecosystem growth.
With that, they have added that the LIT tokens are not only used for governance, but also have other use cases. The Lighter platform offers trading excursion and data verification services designed in different tiers, which require staking of the LIT tokens to use the features to their full potential. Also, LIT is to pay fees for all platform activities.
Then, shortly after the LIT token announcement, Lighter announced its LIT/USDC trading pair this morning through its X handle and Discord channel. As the LIT is live now and available for trading, it is drawing attention from crypto circles.
Previously, on October 2, Lighter introduced its public mainnet after 8 months of private beta as the largest perpetual exchange. Many reports compare Hyperliquid and Aster, because in this scene of perps DEX space, already those two are operating as benchmarks, with Lighter entering now, within two months of mainnet launch, it has grown beyond perpetuals and unveiled its spot trading pair.
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