The decentralized perpetual futures exchange Lighter ($LIT) has announced significant steps to strengthen its tokenomics. In a statement published on the social media platform X, the exchange's founder, Vladimir Novakovskiy, reported that over 16 million $LIT tokens have been bought back to date and that a regular quarterly token burn program has recently been officially launched.
Novakovskiy stated that the token buyback program is part of a long-term strategy to reduce the number of $LIT tokens in circulation. He added that regular token burns will also be conducted for the same purpose, noting that this mechanism is intended to support ecosystem sustainability.
The CEO of Lighter also emphasized that the company's token issuance structure has not changed, either before or after the Token Generation Event (TGE). Novakovskiy noted that while existing investors were given the opportunity to sell their shares or tokens, most chose to maintain their positions. He stated that this is an important indicator of trust in the project.
In his statement, Novakovskiy addressed not only Lighter's token economics but also regulatory changes in the US. He said that the anticipated changes in the US Securities and Exchange Commission (SEC) regulatory framework regarding digital assets, outlined in the CLARITY Act bill currently under consideration in Congress, are critical for the sector.
According to the founder, once the development of these rules is completed, blockchain-based fundraising methods and the tokenization of shares could quickly become widespread. Novakovskiy stated that such a transformation would create a more robust bridge between traditional finance and cryptocurrency markets, and he expects significant growth in blockchain-based capital markets in the coming years.
*This is not investment advice.
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