Question 1

What is LIGHT?

Accepted Answer

LIGHT is a BEP-20 token associated with the Bitlight Labs ecosystem. Bitlight Labs' public direction is to build transaction-focused infrastructure for the RGB protocol and the Bitcoin Lightning Network; therefore, LIGHT should be understood in connection with that ecosystem, rather than as equity in Bitlight Labs, ownership of RGB assets, or a fixed claim on project revenue. BEP-20 means that LIGHT is issued and transferred according to a token interface standard on BNB Smart Chain. This technical standard addresses how the token is compatible on that chain; it does not itself indicate that token holders necessarily have any product-use rights, governance rights, or returns.

Question 2

What is Bitlight Labs' relationship with RGB and the Lightning Network?

Accepted Answer

Bitlight Labs aims to connect the RGB asset protocol with the Lightning Network's payment-channel capabilities within a single set of trading infrastructure. Its website describes RGB as the direction underpinning its native Bitcoin smart-contract infrastructure and identifies the Lightning Network as a focus of its expansion. The two serve different roles: RGB is used to express assets and related state in the Bitcoin environment; the Lightning Network processes frequent transfers through off-chain payment channels. The project is developing an RGB Lightning Network Node (RLN) based on LDK, with the goal of supporting more efficient, lower-cost asset trading and transfers on Bitcoin. This describes the project's infrastructure direction and does not imply that LIGHT must be the fee token for every transfer.

Question 3

What is LIGHT's supply?

Accepted Answer

LIGHT has a maximum supply of 420 million tokens. Maximum supply is the upper limit of the total amount allowed by the rules; it is not the amount that is already circulating in the market, immediately tradable, or held by a single address at a given point in time. To assess the actual tradable supply, it is also necessary to distinguish tokens that have been issued, allocated, locked, and unlocked. The latter items change with specific allocation and unlocking arrangements, so the short-term market supply cannot be inferred solely from 420 million tokens.

Question 4

How do disclosed LIGHT unlocking arrangements affect the supply schedule?

Accepted Answer

Under the disclosed arrangements, the ecosystem and community growth portion accounts for 50.64% of the maximum supply and is released gradually as the ecosystem develops; the protocol development and Bitlight Foundation portion accounts for 11%, is initially locked for 12 months, and then unlocks linearly over 60 months. These two arrangements affect when tokens move from an unavailable state to an available state: releases under the former are related to the pace of ecosystem development, while the latter is released evenly over time after a one-year initial lock. They cannot independently provide the circulating supply on any date, because the rules and actual implementation for other allocation portions are also required; the above is not a complete allocation table.

Question 5

What products and infrastructure is Bitlight Labs building?

Accepted Answer

Bitlight Labs has presented two key product directions: Bitlight Wallet and RLN. Bitlight Wallet is positioned as a Bitcoin wallet integrating RGB and the Lightning Network; RLN is a node developed by the project based on LDK to support transfers and trading of RGB assets in Lightning Network-related environments. Their relationship is that the wallet is for users to hold and operate assets, while node infrastructure provides network-layer capabilities. The website also mentions Bitcoin and stablecoin payment frameworks and applications based on RLN; these product capabilities are not equivalent to holding LIGHT and do not automatically establish that LIGHT is their required payment medium.

Question 6

What does the 2025 mainnet launch mean for Bitlight Labs?

Accepted Answer

Bitlight Labs' website roadmap lists 2025 as the “mainnet launch” phase and describes that phase as “RGB on Lightning.” The significance of this event is that the project narrative moved from earlier concepts, protocol evolution, and expansion stages into a stage focused on mainnet construction and trading. A mainnet launch means that relevant network capabilities have entered a mainnet environment; it does not mean that every wallet feature, payment application, or ecosystem integration has achieved widespread adoption at the same time. When assessing a specific service, it is still necessary to confirm separately whether it has been released, is available, and which networks and conditions apply.

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