According to community member @satoshiheist, Lighter CEO @vnovakovski revealed several key details in an AMA held nine hours ago. The spot market is expected to launch in late October or early November, with the initial trading pairs including mainstream cryptocurrencies like BTC and ETH, and transaction fees will be lower than those of competitors.

He stated that Lighter will be built as a Layer 2-like ecosystem, facilitating integration with mainstream DeFi applications like AAVE. Regarding airdrops, the community will receive a total of 50%, with 25%-30% allocated to Season 1 and Season 2. This percentage will be distributed directly to point holders during the TGE. Season 2 point accrual activities will continue until the eve of the TGE. Regarding the Sybil issue, officials have confirmed that previously earned points for violators will not be reclaimed, but subsequent points will be reset to zero.