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Lemon project includes two subcontracts: LemonTree and LemonSwap.
LemonTree
LemonTree is responsible for distributing LEMON Tokens to early participants. Participants only need to stake ERC20 Tokens into the corresponding mining pool to participate in LEMON mining.
The total amount of Lemon is constant to 1 billion, and there will be no additional issuance. It will be distributed starting from Ethereum block height 10910000. The reward for participating in mining from block height 10910000 to 11040000 is 1000 per block, which is about 15 days. As an additional reward for early participants, each block reward will be restored to 100 after that.
At the same time, LEMON has a production reduction mechanism. When the total amount of LEMON reaches 500 million, the block yield reward will be halved to 50 per block.
When the total amount of LEMON reaches 300 million, LemonTree will be handed over to the community to govern. By initiating proposals and participating in voting, the community can govern the following functions of LemonTree:
1. Add a new mining pool
2. Modify the reward half-cut node
3. Set the rewards for each block of LEMON
4. Modify the total output LEMON
5. Increase or decrease the allocation ratio of LEMON in a mining pool
LemonSwap
LemonSwap is currently an automated market making (AMM) decentralized trading (DEX) on the Ethereum blockchain. Unlike other protocols, LemonSwap is a community-run project that is decided by community votes.
When the total LEMON volume reaches 150 million, the LemonSwap project will be launched, that is, to establish a decentralized exchange similar to UniSwap. LEMON will be circulated as platform coins, and LEMON users who hold more than 1% of the total amount can initiate proposals. When the number of votes is greater than 4% of the total amount, the proposals will be passed and executed on the chain.