Dragonfly Receives 55.8 Million LIT Tokens From Lighter, Arkham Data Shows
According to Arkham (blockchain analytics platform) monitoring, the transfer may represent Dragonfly’s investor allocation, with a one-year lockup and vesting after the token generation event.
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Terms & Concepts
Token generation event: A token generation event, or TGE, is the moment a blockchain project officially issues its tokens onchain.
Vesting: Vesting is the scheduled release of tokens over time, typically used to restrict immediate selling by investors or team members.
Lockup: A lockup is a period during which allocated tokens cannot be transferred or sold in the open market.