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Token Migration, Phase 1

A few days ago we announced the migration of the Lemon Network ecosystem to the Polkadot blockchain, a decision that will undoubtedly result in an exponential growth of our projects.

Last April 30th we launched the DeFi Lemonade platform, a decentralised exchange, currently on the Energy Web Chain. Although we had already made the decision to migrate, we wanted to launch this platform because the development was already done and it is important for us to comply with the community.

How will the migration to the Polkadot blockchain take place?

The migration will be done in different phases, we are currently designing a strategic plan to make the changeover easy and cost-effective for everyone. The development of new Smart Contracts will allow us to switch from LMN(EWT) to LMN(DOT).

Lemon Network will have its new whitepaper with the updates involved in the whole migration and growth of the ecosystem.

In addition, we will soon publish dates and steps for the first phase of the migration, the whitepaper version 2 together with the RoadMap and its new milestones.

Lemon Network will reward holders

Users who have their tokens locked until January 2023

These users have decided to hold their tokens for a year trusting in the project, for this reason we are designing a reward plan that will be effective at the time they migrate their tokens in January 2023 without any kind of waiting, that is to say, you will receive immediately an additional return to the annual APY obtained in LMN (EWT).

Users who have unlocked their tokens in April 2022

If your tokens have been unlocked you have two options:

1.- Add them to Lemonade and make Pool or Farms with them, and at the moment we announce the migration you withdraw them and migrate them to the Polkadot network through the Moonbeam parachain where we will have more services to continue monetising your LMN.

2.- Do not block them and wait for the migration.

Users who have not withdrawn their tokens

If you have tokens in the LMN ICO Vault at lemnnetwork.sale; withdraw your tokens, as they have already been unlocked and take them to metamask and choose one of the two options mentioned above.

How to withdraw LMN tokens from the LMN ICO Vault?

Step by step to withdraw your LMN tokens and rewards:

1. Go to the Lemon Network website. Make sure to connect your wallet on the website and disable the browser translator if it is enabled.

2. Scroll down the website to the LMN ICO Vault.

3. Click on the “withdraw” button located in the LMN ICO Vault (Do not click on the withdraw button at the top of the Lemon website).

4. Continue the withdrawal transaction and wait a few seconds. Check your MM to see your LMN along with the reward and you’re done!

The token migration will have a certain duration

For stragglers who are not so active and miss the migration process, we will help you even if the process is finished. It will be done manually, so we recommend that you keep an eye on our announcements and do it as soon as it is announced. This process requires a lot of work on the part of Team LMN and that is why you will not receive any reward.

We understand that you are eager to know how everything will be developed, however, you should know that every technology development process has its planning, development and execution.

This migration is important to us, which means doing things with the utmost security and responsibility to make it a success for both the company and its investors.

Find out more about Lemon Network on:

Discordhttps://t.me/lemonnetworken
Twitterhttps://twitter.com/LMN_Network
Instagramhttps://www.instagram.com/lmn_network/
YouTubehttps://www.youtube.com/c/LemonAcademy

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Migrating from Energy Web Chain to Polkadot

We have evolved! When we came up with the Lemon Network project we decided to create it on the Energy Web Chain Network as it provides many advantages such as sustainability, it allows Lemonade to be the 2nd DEX in that network and the fees are quite low for such a potentially scalable project as Lemonnet platform.

We continue to believe that it is a network with a lot of potential and thanks to that we are launching Lemonade DeFi today. However, we have a commitment with our investors to grow the Lemon Network ecosystem and thanks to some partnerships that have been proposed to us we decided to migrate our entire ecosystem to the Polkadot network.

Polkadot has a market cap of 15,906,906,406,405.96 and has a community of over 2 million people.

We are going to a more robust blockchain composed of a main blockchain that is in charge of network consensus and connecting to other blockchains developed to perform specific functions called Parachains; parallel, customizable blockchain networks that form the Polkadot network

Polkadot Parachain

Lemon projects will be developed on Polkadot’s Parachain, we are currently defining the ones that will be chosen that meet all the conditions of our platforms, as we told you before each of these Parachains fulfill specific functions in the network.

In the case of Lemonade DeFi, our first option is to migrate to Moonbeam.

Energy Web Chain and its partnership with Polkadot

Parity Technologies, a leading Web3 software development company, and Energy Web, the non-profit organization that builds operating systems for decarbonized energy grids. The two companies announced plans a few months ago to launch a Relay Chain consortium at Energy Web that connects Energy Web to the broader ecosystem of Substrate, Polkadot and Kusama. The new Chain will leverage Substrate to enable companies in the energy sector to run sovereign, customizable blockchains of their own or in partnership with other energy market participants.

Lemon Network Migration

The migration will be developed in phases in order to make the transition effective as soon as possible taking into account the management involved in order to affect the user and the overall project positively. The first phase of this migration will be to change the Lemon token (LMN) from the Energy Web Chain to Lemon (LMN) in the Polkadot network, in a few weeks we will inform you how you can migrate your tokens and the additional profitability you will get with this change. However, you will continue to count on Lemonade’s services in the EWC, soon we will publish an article with all the options you have to continue to HOLD the LMNs, keep in mind that this change favors their value.

What happens if I don’t exchange my LMNs? What happens if your tokens are in the vault until January 2023? All this and more we will answer shortly, for now, you can trade Lemonade DeFi.

What will happen with Lemonade on the Energy Web Chain?

Lemonade will continue to operate on the Energy Web Chain until the project and tokens are fully migrated to the new network, this is a process that will take months. We ask for your trust and patience, we have a team of Advisors and a team of professionals who are guiding us every step of the way.

Find out more about Lemon Network on:

Discordhttps://t.me/lemonnetworken
Twitterhttps://twitter.com/LMN_Network
Instagramhttps://www.instagram.com/lmn_network/
YouTubehttps://www.youtube.com/c/LemonAcademy

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The future of the Lemon Token ($LMN)

Governance has become one of the most interesting topics in the world of decentralized finance (DeFi) thanks to the issuance of a number of governance tokens in some of the largest DeFi projects. At Lemon Network Group we continue to innovate in order to bring more and more value to the Lemon ecosystem.

For this reason, we are announcing that LMN investors will have a greater decision-making power within the project thanks to the LMN becoming a governance token in order to give the community the strength it deserves.

What does it mean that the $LMN is a governance token?

That investors will use it to govern operations and influence the direction of the project. This will allow your opinions to be heard.

Through this token, investors can propose changes through a formal submission process. This aims at decision-making and encourages active participation in the ecosystem. Likewise, LMN will facilitate access to exclusive services and products such as events organized in the metaverse with proposals and news, access to Beta versions of the different platforms, decide which new products or features should be developed, as well as which integrations or partnerships should be achieved, i.e. it provides the empowerment of the community to make relevant decisions.

In addition, on the Lemonade platform, Lemon rulers will be able to obtain exclusive rewards issued for the profitability of the DEX through their governance token.

The Lemon Network ecosystem is a long-term project, many changes and technological adaptations will arise, with the creation of the governance token it is intended that the direction of the project will be between the founding partners, the team and the community of investors.

new version of the whitepaper will be released in the coming days with detailed information about the Lemon ecosystem and a redistribution of the token’s Tokenomics in which the community is expected to have a greater percentage of the token, allowing them a greater decision-making weight in the project over time.

Governance tokens are undoubtedly a pillar and an essential component in the proliferation and adoption of decentralized networks and the value of user ownership.

Find out more about Lemon Network on:

Discordhttps://t.me/lemonnetworken
Twitterhttps://twitter.com/LMN_Network
Instagramhttps://www.instagram.com/lmn_network/
YouTubehttps://www.youtube.com/c/LemonAcademy