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04:54
Lighter launches native token LIT, with 25% of the tokens allocated for future points season activities
Foresight News reported that Lighter has launched its native token, LIT. According to the official statement, all value created by Lighter's products and services will belong to LIT holders. The team is currently building in the United States, and the token is issued directly by its Class C corporation, which will continue to operate the protocol at cost. The revenue from the core DEX product and future products and services can be tracked on-chain in real time and will be allocated to growth and buybacks based on market conditions.The LIT token allocation ratio is: Ecosystem (50%) and Team/Investors (50%). The first and second seasons of points, which will be launched in 2025, have already generated 12.5 million points, which will be airdropped immediately, equivalent to 25% of the fully diluted value. The remaining 25% of the ecosystem allocation will be used for future points seasons, as well as a small amount for partnerships and growth plans. Both the team and investors will have a 1-year lock-up period followed by a 3-year linear vesting period, with the specific allocation ratio being 26% for the team and 24% for investors.
04:54
Lighter is launching its native token LIT, with 25% of the tokens to be used for future Point Seasons activities.
BlockBeats News, December 30, Lighter launched its native token LIT. The official statement said that all value created by Lighter products and services will belong to LIT holders. Currently, the team is building in the United States, and the token is issued directly by their Class C corporation, which will continue to operate the protocol at cost. The revenue of the core DEX product and future product services can be tracked on-chain in real-time and will be allocated to growth and buyback based on market conditions. The LIT token distribution is as follows: Ecosystem (50%) and Team/Investors (50%). The first and second seasons of points launched in 2025 have generated 12.5 million points, which will be airdropped immediately, equivalent to 25% of the fully diluted value. The remaining 25% of the tokens allocated to the ecosystem will be used for future point season activities, as well as some partnership and growth plans. Both the team and investors have a 1-year unlocking period and a subsequent 3-year linear vesting period, with a specific allocation ratio of 26% for the team and 24% for investors.
04:53
A Whale Liquidation of a $270M BTC/ETH/SOL High Leverage Short
BlockBeats News, December 30, according to LookIntoChain monitoring, a whale closed out a short position worth over $270 million in BTC/ETH/SOL, resulting in a loss of around $50,000. It is reported that the address had sold 255 BTC on the 19th and used this fund to short BTC (10x), ETH (15x), SOL (25x).
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