#代币空投 Seeing the LIT token announcement from Lighter, I was reminded of the big airdrop dramas I've seen over the years. The distribution logic of 50% to the ecosystem and 50% to team investors has been played out many times; the key lies in execution and realization.

An immediate airdrop of 12.5 million points, equivalent to 25% of the fully diluted value, seems generous on the surface, but a closer look at the underlying logic feels familiar—using current airdrop promises to gain users' long-term trust. The problem is, I've seen this script in 2017 and 2021, and each ending has been somewhat different.

The most painful part is—until now, the official has not clarified the airdrop timing. This reminds me of a common issue with many early projects: when the token's value is still uncertain, the airdrop date is always in "future announcements." From UNI's surprise airdrop to the subsequent missed deadlines of many projects, the vague timing often reflects the project's own uncertainty about valuation.

The setup of a 1-year unlock with a 3-year linear vesting is relatively restrained—at least it’s not as direct as some projects that just dump tokens. The 26% allocation to the team and 24% to investors are also fairly balanced, indicating they have considered this. But historically, the key has never been the token distribution ratio itself, but whether market liquidity and real revenue can support the token's value. Lighter emphasizes on-chain traceable revenue sharing, which is a good direction; decentralized transparency has always been what investors value most.

Still the old saying—good token design is just the beginning; how the story unfolds depends on whether the team can produce data to support their DEX business.