Important Announcement
Yesterday marked the final day of our presale. We are absolutely thrilled about every single contribution and all the support behind Lemono.
Unfortunately, we did not see a better market situation as we had hoped before the launch of the presale. The current state of the market is tough, which means that we value every supporter even more than we would have in a more aggressive market.
This is why we firmly believe in the case during an actual bull market.
The Current Status
During the last couple of weeks, we have gone through several meetings with potential investors with more traditional capital within our network up until yesterday to ensure we had the perfect (or close to) conditions to launch both the commercial part of the extension and the cashback feature with the tokenized ecosystem to support it.
However, due to the market situation mentioned earlier, all potential offerings were labeled with a "high risk" badge on top of it, meaning that the few deals made available weren't attractive at all and would put us in a potentially worse situation.
This is why we have decided that we need to focus on the commercial part of the extension and grow the revenue base continuously while we wait for better market conditions to launch the cashback feature and the token.
As we didn't even get close to 10% of the total hard cap (which was already lowered considering the current market), we have decided that this is the most viable option for the project.
We still have some ideas on how we can grow the project and later on benefit the protocol.
All revenue will be paid out on a monthly basis to all contributors.
To show gratitude to our supporters, we have decided that every dime made from our revenue streams will be paid out on a monthly basis to all contributors of the seed- and presale.
We will personally cover all expenses for running the project until the market situation changes.
The revenue for August is already planned to be distributed this coming weekend to all previous contributors.
This means that the revenue for September will be distributed to all contributors sometime in November and continue (October revenue will be paid out in December and so on).
This will continue until we decide to launch the token in better market conditions.
We hope that the market will turn around in the spring and enable us to push forward.
Should the revenue from either the browser extension or acquired commercial site exceed a monthly $10,000, we will allow the company to use funds above the $10,000 mark towards additional marketing efforts or acquisitions.
Refund Possible
Transparency and keeping our promises has been something we've put much effort into showcasing during the last 6 months since we first launched the project.
This is why we open up the possibility to claim a refund if you want to opt out.
To claim a refund, you should simply open up a ticket in our Discord and state your contribution address (we need to verify your wallet address).
This opportunity will be available until the 20th of November.
The refunds will be processed somewhere between the 20th of November and 5th of December.
If you claim a refund, you will be excluded from all future revenue share airdrops, and you also waive your rights to the presale deal you had. We expect to drastically devalue the offering in the presale as we normally see whitelists and tokens bought above launch price for presales in a more normal market.
All existing contributors can fill up their allocation through these refund spots made available (more info to come in the buyers' club).
If you don't claim a refund, you are guaranteed to have the same offering on launch as promised in this sale (or seed).
What Now?
As mentioned earlier, we will focus on the commercial part of the browser extension. We are awaiting the final updates to be pushed live, and we will then have a full version 1.0 of the commercial extension to launch towards the web 2.0 market.
We are only doing two things in the next couple of months: onboarding new partners (stores) and marketing the extension to get actual users.
We will share every new partner in a weekly update on all our media. We already got 10 new partners to showcase when we start this next week.
We also have a commercial photo- and video shoot planned in the beginning of November to create the content needed for advertising towards the audience on Facebook, Instagram, and TikTok.
We are also working behind the scenes to create a concept where you, as a contributor, can help us acquire more websites (we benefit from owning the traffic and gaining free users) while you recoup your total contribution as well as getting a share of the revenue (10-20 percent) for all continuity after the asset has been paid off, before the revenue goes back into the protocol.
This is something we are very excited about and will allow us to grow as we establish trust within the space without having to rely on the market as a whole.
Thank You, Tough Times Call for Tough Decisions
We are glad to have established a way to proceed, having only winners in the total calculation.
As mentioned, we will be paying out the revenue share this weekend already (more information when the airdrop is concluded).
We thank you for your support!
Chris and Mike.