Background
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After the end of LON genesis mining, LON trade mining restarted on 1st April and phase III is in progress. As of 15th June, the total has reached 573,192.93 LONs which exceeds the total reward on phase II. The current trade mining cycle of each phase is 4 weeks.
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The market maker is one of the key participant on LON trade mining. They will share the reward pool of the "liquidity provider" in each period. And after the end of each phase, they can claim their reward together with normal traders on Tokenlon, but the reward will not be distributed in one time. Instead, the distribution will be finished in the next 6 months.
Goal
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Let the community decide on the adjustments on trade mining cycle and the MM’s rewards distribution
Proposed Action Items
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According to the voting result, the adjustment will be made to the cycle of trade mining on phase IV and future phases. And the adjustment of market maker rewards distribution will take effect immediately.
Voting Rules
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Addresses with more than 0 LON, xLON or LON related LP tokens can vote (including unclaimed LON reward)
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LON balance snapshot block: 12644039
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Voting start time: 2021.6.16 7:00 UTC
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Voting end time: 2021.6.18 7:00 UTC
Voting Options
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A. Remain unchanged
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B. Mining cycle remains unchanged, the MM’s reward will be distributed in one time after 3 months.
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C. Mining cycle adjusts to 6 weeks, no change on MM’s reward distribution
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D. Mining cycle adjusts to 6 weeks, the MM’s reward will be distributed in one time after 3 months.
Join the Voting
If you meet any problems while voting, feel free to share your opinion on Tokenlon forum or join our Discord to contact us.
Tokenlon,
2021.06.16