Lighter founder: We will not adopt a dual-track structure of "one set of tokens, one set of equity"; value will only flow to the token.

According to Odaily, Vladimir Novakovski, founder and CEO of Lighter, stated during a Twitter Space interview with jez (@izebel_eth) regarding the value capture mechanism of tokens: "Our stance is very clear—value will ultimately be captured by the token, and all investors participate under this premise. We adhere to one principle: the token will be the core alignment mechanism for all stakeholders—early users, the team, and investors are all in the same boat. There will not be a dual-track structure where tokens and equity follow separate value logics; everything will revolve around the token."