#代币经济与分配 Seeing the token distribution plan of Lighter, I want to share some thoughts with everyone. 50% allocated to the community, 25% airdrop, and a token buyback mechanism—this design framework is healthy and reflects a focus on the community. But I want to remind everyone that the sustainability of any incentive mechanism ultimately depends on product value and ecosystem vitality.

This TGE will serve as a good observation window. After the initial 25% token release, how the market absorbs it and how the community participates in ecosystem development will directly influence the performance of subsequent tokens. My advice is: don’t be fooled by short-term token price fluctuations, but focus on three key points. First, pay attention to whether the platform’s trading depth and genuine user activity continue to grow; second, understand the specific mechanisms of token empowerment—such as fee distribution, voting rights, and ecosystem incentives—rather than empty promises; third, set clear position management goals for yourself, especially after large airdrops are credited, with plans for reducing positions and taking profits.

In the long run, Lighter’s progress in building on-chain derivatives infrastructure is more worth watching. Regulatory dialogues, mobile applications, and cross-asset collateral mechanisms are the real factors that determine its competitiveness. Tokens are just tools connecting all participants; ultimately, value is accumulated through product operations and market share. Stay patient, but remain vigilant.