#TGE代币发行 Seeing Lighter's TGE plan, what flashed through my mind were the projects I've seen over the past decade. 50% community allocation, 25% airdrops without lock-up, and a buyback mechanism—honestly, this combination was unimaginable in 2017.

Do you remember the TGE of those early projects? The team took the majority, investors harvested profits, and community allocations were pitifully small. And then? Many projects were criticized for "lack of vested interests" after their token prices plummeted. Over the years, the market's painful lessons have taught projects one thing: the design of token distribution is essentially writing the project's credit history.

Lighter allocates 50% to the community. This ratio isn't high, but combined with 25% airdrops that are immediately available without lock-up, it shows they put effort into dispersing their chips. No claim process, no lock-up period—this detail is crucial—reducing barriers and friction to participation.

The buyback mechanism is the most interesting. Historically, few projects have actually implemented buybacks, but once they do, it often becomes a key factor supporting the token price. BNB, FTT, back in those days, were like that. Of course, this also depends on the project's cash flow and determination.

LIT only trades within the platform initially and gradually lists on CEXs. This pacing is very skillful—avoiding excessive initial liquidity dispersion and setting market expectations. No paid listings; it relies on trading volume and popularity. This tests the project team and the community alike.

The core issue remains the old cliché: promises are easy, execution is hard. The phrase "undecided" regarding the buyback amount reveals a lot. Hopefully, the upcoming tokenomics details will address these uncertainties.