Lighter announced plans to reallocate points from suspicious 'witch accounts' to qualified traders, as part of its token launch strategy. CEO Vladimir Novakovski stated that a data-driven algorithm is used to identify these accounts, with a Discord form available for appeals. The company also clarified that recent large token transfers to exchanges are not linked to new listings but are intended to secure allocations.
Additionally, Lighter intends to eliminate its dual token/equity structure, consolidating value into a single token. This move aims to streamline operations and enhance the token's value proposition.
Lighter to Reallocate Points and Simplify Token Structure
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