What's Net Fee?
Net Fee refers to the net payment Tokenlon receive from your trade, it is calculated as below:
Net Fee = Total Fee - Miner Fee (needs to be bigger than 0)
Your LON Mining Power is determined by the Net Fee. If you would like to receive Mining Power, your Net Fee should be greater than 0.
You can follow the below chart to see how Net Fee is calculated.
What's Mining Power
For every Tokenlon trade that has positive Net Fee, you receive some LON Mining Power. During the genesis mining phase, every week, 1 million LON tokens will be distributed proportionally to the traders based on their Mining Power.
your LON this week = (your Mining Power this week / total Mining Power this week) * 1 million LON
In addition, you could earn extra Mining Power by participating in our referral program. You could use other’s referral code, or invite your friends to trade with your referral code. Below are two examples:
Scenario 1: Bob didn’t use other’s referral code
Bob didn’t use any referral code. For every $1 Net Fee Bob generates from his trades, he receives 0.6 Mining Power.
Scenario 2: Bob used other’s referral code
Bob used Alice’s referral code. For every $1 Net Fee Bob generates from his trades, he receives 0.7 Mining Power, and Alice receives 0.3 Mining Power.
Therefore, if you would like to maximize your Mining Power. We strongly recommend you to use a referral code. You could click here to generate your referral code, or click here to use other’s referral code.
Note: Authorization with your wallet is required for creating referral code.