#Lighter项目代币发行 Seeing Lighter's airdrop landing today, I felt a mix of emotions. 250 million LIT tokens have already been distributed, and 12.5 million points were credited directly at a ratio of 20 LIT per point. The entire process was much faster and more transparent than expected. This reminded me of many projects I’ve seen over the years issuing tokens—some delayed for months and were vague about it, while others promised much but delivered far less.

Lighter’s logic this time is quite clear: 50% for the ecosystem, 50% for team and investors. The core data is on-chain and traceable, with real-time revenue distribution. Both the team and investors will go through 1 year of freezing plus 3 years of linear release. This design is relatively standard among current projects. I’m not so concerned about how much the token price can rise; what matters is whether this mechanism can truly support the product’s sustainable operation—after all, Lighter’s main focus is a native DEX, and the lifecycle of such products often depends on liquidity and user stickiness forming a positive cycle.

Looking back at this cycle—from the points plan to token issuance, from official announcement to airdrop landing—the rhythm has been handled quite appropriately. But I’ve also seen too many projects fall into liquidity crises after token issuance, even becoming prey in the market. The real test is just beginning—the next three months will determine whether this project can stand out in a bear market.