Hi Lino Community!
We are excited to join the TRON ecosystem and would like to provide further updates to all our Lino community members who hold LINO and LINO Stake! We expect to complete our transition to the TRON ecosystem on or about April 15th, 2020. Following 12:00:01am Pacific time on April 15, 2020 (“Cutoff Time”), ACE Protocol Foundation and all Lino blockchain validators are expected to stop supporting the Lino blockchain. As such, it is expected that the Lino blockchain will no longer be live, and there is no guarantee that LINO will be transferable or will have any value or utility after the Cutoff Time.
Your existing LINO tokens may continue to be used through the Cutoff Time as follows, depending on your jurisdiction as noted below.
United States Only
DLive, the Foundation’s partner, will accept LINO for the purchase of Lemon on the DLive platform. Lemon is a fixed-value platform currency used in DLive and can only be used to make purchases and donations on the DLive platform.
To use your LINO to purchase LEMON, you will need to meet the following requirements:
- Minimum LINO to convert = 1 LINO
- 1 LINO = 1 Lemon
- Available starting January 15th, 2020
Please note that if you are a streamer and would like to utilize the “Get Paid” function on DLive for your Lemons, you will need to meet the minimum requirements for all users of DLive.
- Verify your email
- Upload a government ID and be at least 16 years of age
- Stream on DLive (3/3 days and 8/8 hours)
- Minimum of 4,250 Lemons
If you will not be utilizing the “Get Paid” function on DLive, you will still be able to donate your Lemons to various content creators on DLive.
The Lino blockchain will no longer allow you to use LINO to purchase LEMON after the Cutoff Time.
All Other Countries (Excluding United States)
For all LINO holders outside the United States, the Foundation has partnered with the BTT Foundation to allow you to receive a number of BitTorrent (BTT) Tokens based on the number of LINO tokens you hold.
To participate, you must create an account on Poloniex.com.
- Minimum LINO to convert = 1 LINO
- The BTT exchange rate will be based off the BTT market price on Poloniex.com at the time you choose to convert
- A 3% premium will be granted to LINO holders who participate
- You must create an account on Poloniex.com to receive BTT
- Poloniex.com is expected to list BTT in mid-February
- Your Lino account will require you to follow certain instructions and agree to a set of terms and conditions
- Available starting February 25th, 2020
What happens to Lino blockchain and LINO Coin/Stake after migration on April 15th?
Beginning January 15th, 2020 at 10 pm PST, Lino blockchain validators will implement an upgrade that allows all Lino Stake to be staked out in 1 day. This means all stakes that have been processed before this time and after this time will all be staked out into LINO within 1 day.
For those Lino account holders who wish to retain their LINO Stake, staking rewards are expected to continue functioning until the Cutoff Time.
The Foundation strongly recommends that all LINO Stake holders stake out before the Cutoff Time. After the Cutoff Time, the Foundation will no longer support the Lino blockchain and LINO Coin/LINO Stake. There is no assurance that LINO tokens can be transferred or that there is any value or functionality on the LINO blockchain after the Cutoff Time.
The end of one journey, but the beginning of another adventure.