New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
Lighter launches the infrastructure token LIT: A detailed explanation of the ecosystem value sharing model and staking mechanism
【ChainWen】Lighter officially announces the launch of its infrastructure token LIT, creating a unique value-sharing system. In simple terms: all the value generated by Lighter’s products and services directly benefits LIT holders.
How is the token distributed? Half to the ecosystem and team each. Of the 50% allocated to the ecosystem, 25% will be airdropped immediately to early participants—12.5 million points directly converted to LIT, equivalent to one-quarter of the fully diluted value. The remaining 25% is reserved for future point activities and ecosystem collaborations. As for the 50% allocated to the team and investors, it will be locked for one year and then linearly released over three years, with proportions of 26% and 24% respectively.
Why hold LIT? Lighter is gradually decentralizing the operation of financial transaction infrastructure. Stakers of LIT gain risk-adjusted returns, higher execution efficiency, and capital efficiency. Core functions like market data access and price verification are also layered incentives through LIT staking. When financial data providers and users subscribe, LIT becomes a fee token, incentivizing more contributions of verifiable transaction data.
Lighter operates legally in the United States, with tokens issued directly by its Class C company, and the protocol itself maintains operational costs at cost price. Under this design, LIT holders are both participants and beneficiaries.