Lemond is a decentralized, open-source, autonomous non-custodial liquidity market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion.
LEMD could be used to get inbound and outbound yields; to be used for NFT loan market(future orientation);to be used to get member badge for qualification of innovative offering mode(future orientation);to be used for governance of the entire ecosystem(DAO)
Total amount of LEMD is 10B, initially ERC-20 type. After deploying to OKexChain, 820M LEMD would be migrated to OEC for mining reward, incentive, etc.
Cross chain transfer of LEMD would be activated later upon notification.
60% Loan Mining + Liquidity Mining 15% DAO Governance 10% Strategic Investment 5% Seed Round Investment 3% Team Incentive 2% Advisor 1% Public Circulation on Exchange 4% Eco-incentive + Initial Liquidity
- 600M LEMD of loan mining and liquidity mining will start to be released since 13.00 Aug 3, 2021 with a 4-year-duration approx.
- First four weeks will be Genesis phase of mining with 30 LEMD releasing per block and approx. 657,870 LEMD in total per day. After four weeks, output of LEMD will decrease daily by 0.0738% comparing with previous day until the end.
240M LEMD for loan mining and 360M LEMD for liquidity mining. Token allocation ratio will be dynamically adjusted according to the market situation.
- 150M LEMD for DAO Governance. Pool of DAO would be opened at a proper time. Participators can get LEMD and voting rights for DAO Governance(votes relating with the number of token deposited in the pool)
- 50M LEMD for Seed Round Investment: 20% of LEMD to be distributed upon the exchange’s public issuance; 20% every month after the public issuance with an exception of no LEMD being distributed 1 month after the public issuance.
- 100M LEMD for Strategic Investment: 30% of LEMD to be distributed upon the exchange’s public issuance ; 30% of LEMD to be distributed upon the second month after the public issuance. 40% of LEMD to be distributed upon the third month after the public issuance.
- 30M LEMD for Team Incentive: same releasing mechanism with loan and liquidity.
- 20M LEMD for Advisor: 10% of LEMD to be distributed upon initial deployment to main net; 10% every month after initial deployment.
- 10M LEMD for Public Circulation on Exchange: 3,333,333 of which used for Gate.io Startup. Usage of the rest would make clear in further notice. (Voting procedure for this part would be available after the activation of DAO pool)
- 40M LEMD for Eco-incentive + Initial Liquidity: 2M of which used for Airdrop Episode I-III. Usage of the the rest would make clear in further notice.(Voting procedure for this part would be available after the activation of DAO pool)