Lemonade Tokenomics
We would like to introduce ‘Lemon:LEM’, the governance token of the Lemonade Protocol.
Lemon Token (LEM)
Lemon is the raw material of Lemonade that will bring you a refreshing and bursting profit. As the name of the Lemonade Protocol suggests, you can use the services provided to feel a refreshing profit like Lemonade.
○ Token name: Lemon Token
○ Ticker: LEM
Relationship between Ledgis coin (LED) and Lemon Token (LEM)
Ledgis Coin and Lemon Token have a symbiotic relationship. Ledgis is a mainnet coin to maintain the mainnet ecosystem, and it has a separate tokenomics from Lemon tokenomics.
☞ Ledgis White Paper(View in Korean)
*English version is coming very soon (As of 2022–03–07)
Lemon Token is a token to maintain the ecosystem of the Lemonade Protocol, a DApp operating on the Ledgis mainnet, and it is a governance token distributed as a reward to ‘participants’ who have participated in the ecosystem through various methods such as service use and transactions.
Users can claim Lemon as a reward by staking Ledgis coins, and users can deposit Lemons in the liquidity pool to earn extra income.
Lemon Tokenomics
○ Total issuance: 220,752,000 LEM
○ LEM starting quantity: 0 LEM
○ LEM mined daily: 172,800 (1 per block for 126,144,000 blocks (about 2 years))
○ Halving: Daily mining volume is halved for every 126,144,000 blocks after the start of the Liquidity Mining Program
○ Development and stabilization commission: 10% of mining volume (Team Token 5% + Reserved Token 5%)
Quantity of LEM Distribution for 6 years
Quantity of LEM Mining Distribution by Token Type
Quantity of LEM Distribution by Reward Qualifier
How to claim Lemon tokens?
There are three ways to claim Lemon.
○ Staking Ledgis coins to claim Lemons as a reward > Stake
○ Deposit in the liquidity pool to claim Lemons as deposit income > Pool
○ Exchange your coins for Lemons through the swap service > Swap
Lemonade series will be continued
