TIP7 & TIP8: Tokenlon community governance proposal, come and vote!

Proposal 7: TIP7 — LON Liquidity Incentive Phase III

Background

According to the Tokenlon litepaper, 10,000,000 LON is reserved for liquidity related incentives.The core team has kicked off two LON Liquidity Incentive phases so far, with the current one to end on 2021.3.4.

The team plans to start LON Liquidity Incentive Phase III on 2020.3.4. It will last for 8 weeks and end on 2021.4.29. Phase III LON incentive will be rewarded in the same way to the below two liquidity pools:

1. LON/ETH pool on Uniswap.
2. LON/USDT pool on Sushiswap

Goal

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

Proposed Action Items

Make changes based on the voting results of the proposal, and take effect at 2021.3.4 4:00 AM UTC

Voting Rules

• Addresses with more than 0 LON can vote
• Addresses participating liquidity mining phase II can vote (including unclaimed LON reward)
• Addresses with LON LP token can vote
• LON balance snapshot block: 11950550
• Voting start time: 2021.3.1 6:00 UTC
• Voting end time: 2021.3.3 6:00 UTC

Voting Options

• A. Each of the two pools receives 300,000 LON as the Phase III Liquidity Incentive
• B. Each of the two pools receives 400,000 LON as the Phase III Liquidity Incentive
• C. Each of the two pools receives 500,000 LON as the Phase III Liquidity Incentive
• D. Each of the two pools receives 600,000 LON as the Phase III Liquidity Incentive
• E. Each of the two pools receives 700,000 LON as the Phase III Liquidity Incentive

TIP7 Voting Page

Proposal 8: TIP8 — Adjust LON balance requirement in the trading fees structure

Background

Tokenlon adopts a fee structure below to allow discounted standard trading fees for LON holders.

The core team believes lowering the LON balance required would make it easier for users to take advantage of the policy. It will bring trading fees discounts to a wider group of users, helping them receive quotes better than those provided by other trading platforms. It should increase Tokenlon’s trading volume by attracting more trading activities to Tokenlon.

Goal

Let the community decide on the LON balance required in the trading fees structure

Proposed Action Items

Make changes based on the voting results of the proposal, and take effect at 2021.3.4 4:00 AM UTC

Voting Rules

• Addresses with more than 0 LON can vote
• Addresses participating liquidity mining phase II can vote (including unclaimed LON reward)
• Addresses with LON LP token can vote
• LON balance snapshot block: 11950550
• Voting start time: 2021.3.1 6:00 UTC
• Voting end time: 2021.3.3 6:00 UTC

Voting Options

TIP8 Voting Page

Tokenlon,
2021.02.24