Lighter founder Vladimir Novakovski published an article on X titled “Equity and Token” on Tuesday morning. According to Odaily, Novakovski said all economic value generated by Lighter will belong to token holders.
He said Lighter was founded to use venture capital to support the project until token issuance. Novakovski added that Lighter is a U.S. company with only one entity, and that the entity issuing equity before the TGE is the same one that issues the token at the TGE.
Novakovski said the equity cap table will have no function in the future except to convert into a token cap table at the TGE. He also said Lighter completed its last equity round a few months before the TGE, with the round drawing more than $300 million in indications of interest for a $68 million allocation.
He said all equity stakeholders, including early investors and former employees, were informed of the plan and given the chance to sell their equity stakes. Novakovski said fewer than 1% of equity holders chose to sell, while the rest stayed and supported Lighter’s commitment to value accruing to the token.
Lighter Founder Says All Economic Value Will Belong to Token Holders
2026-07-28 02:43:39
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