🇬🇧Process description
Last updated
Last updated
Starting from March 13th, it will be possible to deposit Lean Management Tokens to the Lean Marketplace. Below is the deposit instruction. The deposit will be available for a period of 3-6 weeks, depending on the audit time of the Leancoin smart contract. The deposit of the Lean Management Token to the Lean Marketplace will only be possible until the official change of the Lean Management Token to Leancoin on the Coin Market Cap portal. During the transition period (3-6 weeks), the following actions related to Leancoin will take place:
Smart contract audit
Minting of Leancoin smart contract on Solana blockchain
Official submission of the change from Lean Management Token to Leancoin to CoinMarketCap
Changing pair on DigiFinex (link)
This process should take approximately 3-6 weeks. During this period, it will not be possible to withdraw LEAN from the Lean Marketplace, only deposit and purchase goods and products on the Lean Marketplace will be possible. However, we note that all persons who exchange Lean Management Token for Leancoin through the Lean Marketplace will be able to participate in the 50% APY program, where they will be able to receive 50% of the funds withdrawn from the Lean Marketplace in step 3 of the process, after the creation of the Leancoin smart contract.
You can read more about the 50% APY program here:
https://docs.leancoin.io/leancoin-white-paper/2.4-decentralization-campaign-50-apy
Below is the instruction on depositing Lean Management Token on the Lean Marketplace, exchanging it for Leancoin through the Lean Marketplace, and participating in the 50% APY promotional campaign.
In the following weeks, we will describe how to create a blockchain address for Leancoin on Solana (step 2) and how to withdraw Leancoin to your decentralized wallet to participate in the 50% APY program (step 3).
After 3-6 weeks, when we disable the option to exchange Lean Management Token for Leancoin through the Lean Marketplace, it will be possible to exchange tokens through the contact form. However, persons using this function will not be eligible to participate in the 50% APY loyalty program.
Open the Lean Marketplace page and click on "Open account" - the person icon - in the upper right corner.
Register on Lean Marketplace by creating a Vendor/Swapper account - provide your email, information, and suggest a name for your Vendor/Swapper account. You will be able to use this account in the future to offer your products and services on Lean Marketplace and earn in Leancoin. The option to withdraw Leancoin is only available from a Vendor/Swapper account. If you are registered as a Buyer, you can always create a Vendor/Swapper account from your Buyer dashboard.
Activate your Vendor/Swapper account on Lean Marketplace by confirming your email address.
Optimize your Vendor/Swapper account so that in the future, you can offer your services and products on Lean Marketplace and earn in Leancoin - not mandatory in the exchange process.
Vendor/Swapper account - John Smith
Deposit Lean Management Token on the Lean Marketplace using the Deposit LEAN option. Provide the amount of Lean Management Token you want to deposit on the Lean Marketplace. Keep in mind that you can add more Lean Management Token during the entire period of exchanging Lean Management Token for Leancoin. However, withdrawals are suspended during the swap process on the Lean Marketplace. The period available for exchanging Lean Management Token for Leancoin will last from 3 to 6 weeks. Individuals exchanging tokens through the Lean Marketplace will be eligible to participate in the 50% APY program.
Please make a transfer of Lean Management Tokens to the blockchain address provided by the system. Remember to transfer exactly the amount of tokens that you have declared. In this example, it is 500 Lean Management Tokens. Please note that some centralized wallets may charge a fee in LEAN, so in this case, subtract the transaction costs from the amount you want to deposit so that the system can identify the payment.
NOTE! The LEAN team will never ask you to connect your wallet to our system! You will make the transfer from your individual wallet, and our system will only detect that transaction on the blockchain.
Wait a few minutes for the system to capture your transaction. After capturing the transaction, the system will add Lean Management Tokens to your Vendor/Swapper account.
Upon the minting of Leancoin on the Solana blockchain, our team will close the option of depositing Lean Management Token on Lean Marketplace, and all deposited Lean Management Tokens will be exchanged for Leancoin - meaning the number of tokens in your wallet will increase by 500 times. For example, instead of 500 Lean Management Tokens, you will receive 250,000 Leancoin. Anyone who exchanges Lean Management Token for Leancoin through Lean Marketplace will have the opportunity to participate in our 50% APY program. After exchanging tokens on Lean Marketplace, all you need to do is transfer them to your decentralized wallet and refrain from withdrawing them for one year, and you will receive 50% of what you exchanged through Lean Marketplace. The 50% APY promotion applies only to exchanges made through Lean Marketplace and is time-limited.
At the moment, depositing Lean Management Token on Lean Marketplace is sufficient to prepare your tokens for the swap and also not miss the opportunity to participate in the 50% APY program. Please note that after depositing Lean Management Token on Lean Marketplace, you will not be able to withdraw them until the Leancoin smart contract is launched (March-April 2023). However, you can use them on Lean Marketplace to purchase products and services, as well as offer your own products and services to earn more LEAN.
If you have any doubts, we are available at: Telegram: https://web.telegram.org/k/#@Leancoin_io
Email: contact@leancoin.io
Good luck!