The current second phase LON mining settlement cycle is once a day, and the settlement time is 0:00 UTC every day. Market makers are included in this phase and 200,000 LON tokens are allocated daily. Some community members reported that the settlement cycle is too short, which resulted in a significant impact on power-to-LON ratio by the total volume of the day.
Let community members vote to decide the mining settlement cycle again.
Proposed Action Items
Make changes based on the voting results of the proposal (if necessary), and take effect at 0:00 UTC on November 7, 2020.
- No change, keep the settlement cycle once a day. The settlement time is 0:00 UTC every day.
- Make a change, modify the settlement cycle to once a week. The settlement time is 0:00 UTC every Saturday.
- Make a change, modify the settlement cycle to once only. The settlement time is 0:00 UTC on December 20, 2020, the end of the second phase.
We are looking forward to hearing your voice! You could go to the voting page to vote the option you support.
If you have any questions, feel free to contact us by joining our Discord community.