Lighter announced the launch of the LIT token and presented its tokenomics.

Distribution:

• 50% – ecosystem, 50% – team (26%) and investors (24%)
• 25% – airdrop to participants of two seasons of points (12.5 million points)
• 25% – future point seasons, partnerships, growth
• Lock-up period of 1 year + 3-year vesting for the team and investors

Utilities:

• Access to financial products
• Staking to participate in the transaction execution infrastructure
• Payment for access to market data
• There will be a buyback

Partners — Robinhood and Coinbase. Built on Ethereum.

Lighter on the premarket FDV $3.16 billion