LIONRED adopts a modular combination design concept. Modularity refers to the combination of various elements of the product to form a subsystem with specific functions. We combine this subsystem as a universal module with other modules to create a new system with multiple functions and performance.
Introducing LionRED
- LION, the LionRED Protocol token, is live!
- LION contract address: 0xedebe36b789519888590a2aabee2350ecb5e0bbd
- 50% of the LION genesis supply is allocated to LionRed community members, a quarter of which (25% of total supply) has already been left for token sale
- Tokensale start is available for I holders may vote to add more pools after an initial 30-day governance grace period
LIONRED TOKEN ALLOCATION
100.000.000 LION have been minted at genesis and will become accessible over the course of 4 years.
The initial four year allocation is as follows:
- 50% to LionRED community members dropped from Selfdrop 50.000.000 LION
- 25% to LionRED reserve for Tokensale 25.000.000 LION
- 10% to team members and future employees with 4-year vesting 10.000.000 LION
- 5% to investors with 4-year vesting 5.000.000 LION
- 5% to bounty campaign (Bitcointalk, cryptotalk and etc.) 5.000.000 LION
- 5% to marketing cost to exchange (Bitrex, Binance, Poloniex etc.) 5.000.000 LION
How it Works ?
The LionRED frontend is an open source interface designed to improve user experience when interacting with the smart contracts. Anyone can use the source code to host an interface, or build their own. Hosted interfaces are independent of LionRED, and should comply with their jurisdictional laws and regulations.
LionRED uses a “constant product” market making formula which sets the exchange rate based off of the relative size of the ETH and ERC20 reserves, and the amount with which an incoming trade shifts this ratio. Selling ETH for ERC20 tokens increases the size of the ETH reserve and decreases the size of the ERC20 reserve. This shifts the reserve ratio, increasing the ERC20 token’s price relative to ETH for subsequent transactions. The larger a trade relative to the total size of the reserves, the more price slippage will occur. Essentially, exchange contracts use the open financial market to decide on the relative value of a pair and uses that as a market making strategy.
How to use it ?
lionred.org is the landing page for the LionRED protocol. It describes the project and directs users where they need to go. The LionRED smart contracts live on Ethereum. Anyone can interact with them directly.
How to participate?
- Follow the bot instructions.
- Join our telegram channel
- Follow us Twitter and Retweet out Pinned post
- Provide your ETH wallet address.
- Get 120 LION INSTANT and each referral earn 40 LION
Note: Tokens will be distributed to your ETH wallet automatically when you claimed
Tags
Airdrop