TIP12 - LON Liquidity Incentive Phase IV

Tokenlon
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Proposal 12: TIP12 - LON Liquidity Incentive Phase Four

Background

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

  • The core team has kicked off three LON Liquidity Incentive phases so far, with the current one to end on 2021.4.29. 

  • The team plans to start LON Liquidity Incentive Phase Four on 2020.4.29. It will last for 8 weeks and end on 2021.6.24. Phase Four LON incentive will be rewarded in the same way to the below two liquidity pools:

Goal

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

Proposed Action Items

  • Make changes based on the voting results of the proposal, and take effect at 2021.4.29 4:00 UTC

Voting Rules

  • Addresses with more than 0 LON can vote

  • Addresses with more than 0 xLON can vote

  • Addresses participating LON liquidity mining or holding the respective LP tokens can vote (including unclaimed LON reward)

  • LON balance snapshot block: 12307991

  • Voting start time: 2021.4.25 7:00 UTC

  • Voting end time: 2021.4.27 7:00 UTC

Voting Options

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

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

  • C. Each of the two pools receives 300,000 LON as the Phase Four Liquidity Incentive

  • D. Each of the two pools receives 250,000 LON as the Phase Four Liquidity Incentive

Joining 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,

2021.04.25

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