TIP20 - LON Liquidity Incentive Phase VII

Tokenlon
  • Updated

 

Zendesk___.pngBackground

  • According to the Tokenlon litepaper, 10,000,000 LON is reserved for liquidity related incentives.

  • Phase VI of LON liquidity mining will end on October 19, and phase VII will be launched at the same time. It will last for 8 weeks and ends on December 9.

  • Phase VII LON incentive will be rewarded in the same way to the below two liquidity pools:

  • Note: Users who have participated in phase VI LON liquidity mining do not need to redeem their LP token from the old contract,. The LP token will be automatically transferred to the new phase (phase VII) of the liquidity mining contract.

 

Goal

  • Let the community decide on the number of LON for Liquidity Incentive Phase VII

 

Proposed Action Items

  • Make changes based on the voting results of the proposal, and take effect on 2021.10.14 4:00 UTC

 

Voting Rules

  • Addresses with more than 0 LON, xLON or LON related LP tokens can vote (including unclaimed LON reward)

  • LON balance snapshot block: 13401999

  • Voting start time: 2021.10.12 6:00 UTC

  • Voting end time: 2021.10.13 8:00 UTC


Voting Options

  • A. Each of the two pools receives 500,000 LON as the Phase VII Liquidity Incentive

  • B. Each of the two pools receives 450,000 LON as the Phase VII Liquidity Incentive

  • C. Each of the two pools receives 400,000 LON as the Phase VII Liquidity Incentive

  • D. Each of the two pools receives 350,000 LON as the Phase VII Liquidity Incentive

Join the Voting

 

If you meet any problems while voting, feel free to share your opinion with us by joining our Discord.

 

Tokenlon,

2021.10.12

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