The Lemon project comprises two sub-contracts: LemonTree and LemonSwap.
LemonTree
LemonTree is responsible for distributing LEMON Tokens to early participants. Participants can join the LEMON mining process simply by staking ERC20 Tokens in the corresponding mining pools.
The total supply of Lemon is fixed at 1 billion, with no further issuance. Distribution will start from Ethereum block height 10,910,000. During the period from block height 10,910,000 to 11,040,000 (approximately 15 days), the reward for early participants will be 1,000 per block as an additional incentive. After this period, the reward per block will revert to 100.
LEMON also has a halving mechanism. When the total supply of LEMON reaches 500 million, the block reward will be halved to 50 per block.
When the total supply of LEMON reaches 300 million, governance of LemonTree will be handed over to the community. Through proposals and voting, the community can govern the following functions of LemonTree:
1. Add a new mining pool
2. Modify the halving milestones
3. Set the LEMON reward per block
4. Modify the total supply of LEMON
5. Increase or decrease the LEMON allocation ratio for a specific mining pool
LemonSwap
LemonSwap is an automated market maker (AMM) decentralized exchange (DEX) currently operating on the Ethereum blockchain. Unlike other protocols, LemonSwap is a community-run project governed by community votes.
When the total supply of LEMON reaches 150 million, the LemonSwap project will be launched, establishing a decentralized exchange similar to UniSwap. LEMON will serve as the platform token for circulation. Additionally, users holding more than 1% of the total LEMON supply can initiate proposals. Proposals will be approved and executed on-chain when the number of votes exceeds 4% of the total supply.