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The Lemon project includes two subcontracts, LemonTree and LemonSwap.
LemonTree
LemonTree is responsible for distributing LEMON Tokens to early participants. Participants only need to mortgage ERC20 Tokens to the corresponding mining pool to participate in LEMON mining.
The total amount of Lemon is constant at 1 billion, and will never be issued. It will be distributed from the block height of 10910000 on the Ethereum. The reward for participating in mining from block height 10910000 to 11040000 is 1000 per block, about 15 Days, as an extra reward for early participants, after that, the reward for each block will be restored to 100.
At the same time, LEMON has a production reduction mechanism. When the total amount of LEMON reaches 500 million, the block reward will be halved to 50 per block.
When the total amount of LEMON reaches 300 million, LemonTree will be governed by the community. 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 halving node
3. Set the reward for each block of LEMON
4. Modify the total output of LEMON
5. Increase or decrease the distribution ratio of a mine pool LEMON
LemonSwap
LemonSwap is an Automated Market Making (AMM) Decentralized Exchange (DEX) currently on the Ethereum blockchain. Unlike other protocols, LemonSwap is a community-run project, decided by community votes.
When the total amount of LEMON reaches 150 million, the LemonSwap project will be launched, which is to establish a decentralized exchange similar to UniSwap. LEMON will be circulated as a platform currency. At the same time, users who hold more than 1% of the total amount of LEMON can initiate a proposal. When the number of votes is greater than 4% of the total amount, the proposal will be passed and executed on the chain.