The LIT token has been introduced with a unique supply structure designed to promote community engagement while ensuring internal stability. The publication provides the following information: this strategic allocation is set to enhance collaboration among various stakeholders in the crypto ecosystem.
Token Supply Allocation
The total supply of the LIT token is divided equally, with 50% allocated to the ecosystem and the remaining 50% designated for the team and investors. This balanced approach is intended to foster a sense of commitment among all parties involved, including traders, institutions, developers, and backers.
Encouraging Collaboration and Innovation
By aligning the interests of these diverse groups, the LIT token aims to create a collaborative environment that encourages progress and innovation. The allocation strategy not only supports the growth of the ecosystem but also ensures that the team and investors remain invested in the long-term success of the project.
YoungHoon Kim recently announced a new cryptocurrency project on the XRP Ledger, aiming to enhance community engagement and decentralized governance. This initiative contrasts with the recently introduced LIT token, which focuses on ecosystem collaboration. For more details, see read more.
