Lighter founder vladn.eth announced on Discord that the project has implemented a points distribution system independent of trading activities, accounting for less than 10% of the total airdrop. A key component of this is an agreement with a third-party liquidity provider to supply up to $5 million in liquidity during the private testing phase by the end of 2024, aimed at compensating for early liquidity risks. The parties involved have no financial or personal ties.
Additionally, Lighter has partnered with a trading company to leverage its expertise in low-latency systems to expedite platform development. Previously, it was reported that Jump Crypto began market-making for Lighter in mid-November, receiving an airdrop of 9.285 million LIT tokens, valued at approximately $24.2 million, representing about 0.93% of the total supply.
Lighter Announces Liquidity Agreement and Partnership for Platform Development
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