🤓Lemon 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.

• Symbol:
• 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 toknomics from Lemon tokenomics.

• Ledigs 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

<Lemonade 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

Year	Daily Volume	Yearly Volume	Total Volume
1st	172,800	63,072,000	63,072,000
2nd	172,800	63,072,000	126,144,000
3rd	86,400	31,536,000	157,680,000
4th	86,400	31,536,000	189,216,000
5th	43,200	15,768,000	204,984,000
6th	43,200	15,768,000	220,752,000

Quantity of LEM Mining Distribution by Token Type

Token Type	Ratio	Quantity
Reward Token	80%	176,601,600
Marketing Token	10%	22,075,200
Team Token	5%	11,037,600
Reserved	5%	11,037,600
Total	100%	220,752,000

• Reserved Token 5% is used as a reserve for system operation and improvement

Quantity of LEM Distribution by Reward Qualifier

Reward Qualifier	Ratio	Quantity
Lending Reward	30%	66,225,600
Staking Reward	20%	44,150,400
Bridge/DEX Reward	30%	66,225,600
Total	80%	176,601,600

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