Vladimir Novakovski, founder of Lighter, stated that all economic value generated by Lighter will belong to the token holders. Lighter has already converted its equity structure to a token structure during TGE, and the equity structure table no longer has any other functions. In the final round of equity financing before TGE, Lighter attracted over $300 million in funding intentions with a limit of $68 million. All equity stakeholders were informed that the equity value would be reflected in token shares and given the opportunity to exit, with less than 1% of equity holders ultimately choosing to sell.
