Hey everybody, James Pelton here.
Double dose of me today.
So hope you guys are ready for that.
Waiting for the Limono team to hop on,
but actually what they're doing is pretty simple,
so I'm gonna walk through it.
Hopefully they show up here pretty soon,
but I can kinda walk through what they're doing,
and we can talk through it a bit.
First off, this is me post-nap.
So if you guys don't know this about me,
I take a 20 minute nap every single day.
I have done it for probably 20 years.
It's a good way to get out of your lunch coma,
is you take a quick 20 minute nap, grab a cup of coffee.
So let me go ahead and check with the team here real quick,
but if I don't see them, I will just do,
I will run through things myself.
If you're here, go ahead and hit the like button
as we're getting going here.
And special shout out to Funny Toro,
where he gave me a list of 250 conversation starters.
As you guys know, a lot of times I struggle
with coming up with a question of the day to ask.
I can't multiply tasks, let me ask them real quick
if they're on their way.
Question for today, to get the comments rolling.
What's a good one here?
What do you think is the best show on Netflix right now?
What are you guys watching?
What TV shows do you watch?
So I don't watch a ton of TV,
but there's been some shows in the past
that I've really enjoyed.
So I'd like to know, what do you guys watch?
Let me know in the comments and I'll bring those up.
So while we're waiting for the team,
let's go ahead and just start kind of talking about it.
So what's the first question I usually ask people?
Introduce yourself.
They're not here, so we can't do that.
We'll all go ahead and do an elevator pitch
of the project that we're looking at here.
So it's Limono, or it could be Lemon-O.
That's actually gonna be my first question
when the team comes.
I think it's lemon-based, so I'm gonna say it's Lemon-O.
But let me know in the comments
if that's not correct.
But what they're looking to do is loyalty points
and cashback rewards for purchases,
but all on the blockchain.
And rewards, I believe, are gonna be paid out
in the Lemon-O, Limono tokens.
So that's kind of what they're looking to do.
So you might have heard of other projects
or other services that do kind of this.
Let me know in the comments what other projects.
I know there was one that I was using for a while.
I can't remember the name of it.
I think I have the browser extension for it,
but they're planning on doing the same thing with this.
They're gonna make a browser extension,
and then they're gonna have just different,
you know, your credit cards a lot of times do this.
They'll say, you know, get 10% when you buy
this or that or the other thing.
So they're gonna be doing that.
They're gonna have partnerships with different projects,
and you get cashback for buying things.
It's gonna be hooked up to your browser.
So you get an NFT to access our service,
earn commission up to 15% of your total purchase
when you buy from one of their affiliate partners,
connect your lemon with our browser extension,
more technologies to come.
So that's on the horizon here very, very soon.
Use our service to scan for active voucher codes
and earn a commission from shopping.
So let me know, what questions do you guys have
for me about this?
Again, I'm not the team, but I have read through.
The white paper is a little bit more extensive.
So we're not gonna walk through everything here.
I think the idea is pretty straightforward.
Also, I wanna do a shout out to Yabonks.
Let's see how long, Yabonks, by the way,
if you want deep dives into projects,
Yabonks is your man, okay?
So when I do a video, you know,
I'm usually an hour is kind of my max.
I honestly, I lose energy,
and I like can't go longer than that.
But Yabonks is just bonkers, no pun intended.
But let's see, his Lamont, let's see,
I wanna see how long his AMA is here.
Look at this, Yabonks, three hours.
Anyway, you know,
let's do a deep dive into everything that's going on.
I'll post a link to Yabonks' AMA.
If you wanna spend three hours
going through every single thing, every aspect of it.
A lot of times, too, he just hangs out with his guests,
which is a lot of fun, so if you want that.
But here's the NFTs that they're offering.
So 50% for the small, which is free,
60% for the medium, 70% for the large.
Then 75%, so these are only for pre-sale.
They're currently in pre-sale,
and I'll show you that here in a minute.
But you get 75% commission share for this one,
and 100% for this tree NFT, okay?
And I'll show you that here in a little bit.
It's absolutely free to mint your small Lemon NFT
and gain access to the Lemono service.
If you're a frequent shopper, you should consider upgrading.
And a lot of that you might not know
until they start to release,
like what type of purchases you can use this on.
So some of that might be TBD,
so maybe getting a free one for now
and waiting and then upgrading.
Although the advantage of getting in the pre-sale
is you get access to these special ones here.
So if you do a lot of online shopping,
this could potentially be pretty lucrative for you.
Let's look at their, we got Scott in the house.
Good to see you, Scott.
Thanks for hopping on twice today.
So if you missed, I just did an AMA with Elephant Money,
not, about an hour, hour and a half ago, two hours ago.
So go check that out, it's very educational for me,
I thought, but thanks, Scott, for hopping on twice here.
So this is where we're at right now,
in development phase, pre-sale, enlisting.
The beta extension should be out here soon.
Maybe I'll ask the team about,
you know, if the team doesn't hop on here today,
I'll make sure to bring them back another day,
or at least I'll get some questions,
I have some questions for them,
and I wanna know what type of products
are gonna be available and yeah, when on some of this stuff.
So we'll ask some of those.
If you have other questions too, let me know,
I'll add them to the list,
and maybe we'll have the team back on.
25K in monthly protocol buyback from acquisitions.
So again, if they're paying out in the Lemono token,
one concern is, if that token doesn't have a lot of usage,
then it's gonna just go down, right?
We've seen that with a lot of rewards tokens.
So part of what they're gonna be doing
is buying back the Lemono token to keep that price up.
500,000 monthly visitors is what they're aiming at here
in this development phase.
But once they're all launched,
once you get through all the pre-sale and all that,
the beta testing, they'll officially launch,
and then they'll get,
that's when they'll really start ramping up marketing.
So the agreement, commission agreement will be on,
they're gonna work on an iOS app, an Android app.
Maybe this is one that we include
on the Phoenix X1 phone with BioFi.
We're actually looking, by the way,
we're looking for apps to include on the phone,
like free when it gets out of the box.
When you open it up, what should be on the phone?
And we're specifically looking for ones
that can help people make money,
whether it be in crypto or other things.
So I was thinking, I did a video on acorns earlier,
and that could be an app there,
and maybe the Lemono app could be here.
Oh, Michael, okay, they're coming.
We got the wrong link sent over.
So no problem at all.
So good.
Good, glad we could join.
Let me bring them on here.
Hey.
Hey, James.
Hey, guys, sorry about the miscommunication.
It's okay, we were just eagerly waiting,
trying to get ahold of you.
Okay, awesome.
Well, I'm so glad you could join us.
I actually, you know, your project is one
that is straightforward enough,
where I read the white paper,
and I went through the website,
and I was like, you know what?
I think I can do this.
I can explain what they're looking to do.
But I did have a few questions as we're going here.
I was just walking through the roadmap right now
of what you're looking to do.
And Tycho says, my bad.
Tycho, you do so many things right
that you can get excused once in a while
for sending the wrong link.
And you know, I do two AMAs in one day.
Part of it's my fault.
It happens, it's fine.
Awesome.
Well, could you guys start us out?
Would you want to just do a quick introduction of you two,
and then we'll jump a little bit more into the project?
Sure, I'll do it quick.
I'm Christian, I'm the CEO of the project.
I'm on the operational side,
and Michael, who is the brains behind it all,
and the visionary and all that,
I'm sure he's gonna say a little something about himself.
Yeah, the brains, the guns.
My name is Michael.
I'm the chairman of Lumino,
and as Christian stated,
I'm the brains behind the whole operations,
coming with a quite experienced background
as a normal, traditional investor in DeFi space.
Just lurking around, trying to see what's going on,
loving the entrepreneurial minds,
and thought back when the bull kind of like slowed down
and that the bear took over,
like how can we be a part of the next phase in DeFi?
How can we bring on real-life revenue into the DeFi space?
Okay, love it.
Well, thank you for building in the space.
Again, there's been so much garbage in the space
that I'm happy whenever anyone is building something real
that's not a quick money grab
and something that actually is gonna help users
going forward.
So can you give us kind of, again,
assuming audience has never heard of,
well, first off, first question,
do you pronounce it, this was a big debate,
Lumono or Lemono, or something else?
It origin from lemon,
so I think the correct term would be Lemono,
but either works in our end.
We'll let it slide if you mispronounce it, it's fine.
All right, yeah, that's always the big debate,
whenever you're reading something and then it's like,
but I caught on to the lemon theme,
so I was guessing Lemono, so very good.
Can you, again, assuming people here never heard of this,
so they're like, oh, what is this, Lemono, what is this?
Could you give a quick elevator pitch
of what exactly you're trying to build here?
Yeah, sure thing, sure thing.
So we are coming from the traditional world of business.
I have a business, we're actually standing in my offices
in one of the classrooms, some of the companies I own.
We come from a traditional background in business
with a digital touch, so I have a digital agency.
In these classrooms, we are teaching
digital marketing to students
and trying to create an ecosystem there,
and that's kind of why I pivoted into crypto and to Lemono,
because Lemono is, if anyone out there knows,
like, we are on the right platform to state this,
Loom is the beast.
Maybe you've heard of one of his sponsors called JoinHoney.
So JoinHoney is a traditional Web 2.0 company
that does a browser extension
where when you go shopping online,
you will be presented with voucher codes
and special deals that's available
through the JoinHoney extension.
So if you go to purchase a pair of Nike shoes
for, like, I don't know how much they go for, $200?
The nice ones?
So maybe you want to check out
the space of available discounts,
so you just use the JoinHoney extension
and it will automatically tell you
if there is any available discounts on this site,
and especially any voucher codes roaming out there
that they have picked up.
And we are going to do the same,
have our discount side of the business,
but also having a cashback side of the business
that's touched into the crypto space
through our Lemono token.
So if we take the Nike shoes,
you'll get maybe like $10 off your purchase
through a voucher code.
But if they have a equal size cashback rate,
normally the thing is,
when you use the codes on JoinHoney,
they actually get an affiliate commission
from referring that customer.
And those commissions we're getting too,
but we're going to share them with our community
of at least 50% of the total commissions.
So JoinHoney, when you go purchase that shoe,
you get $10 discount.
Maybe JoinHoney gets like $10 in affiliate commissions.
Now, we will get that $10 commissions,
but we will then go ahead and on-ramp
those fiat currencies,
have half of them into buybacks from the protocol.
So that's $5 going into the protocol,
and we will buy up Lemono tokens to forward to the user.
So the user gets their cashback rewards
paid out in the form of Lemono tokens.
It was a long elevator ride.
Yeah, very cool.
No, very interesting business model.
Can I ask what,
so I've seen things kind of similar to this,
like you said, you know, GetHoney and those types of things
that are not on the blockchain.
What are kind of the advantages
or what was the mindset of,
hey, let's bring this onto the blockchain
and make this a Web3 thing?
Yeah, so competitive advantages are kind of like,
I don't go into a market and see that,
oh, JoinHoney has over 17 million users already.
That's Red Ocean.
I'm not going there.
I'm an experienced entrepreneur and a Christian as well.
So we know that that just means for us
having a scratch on knees
that that's a proven market we can go into
if we are, I think we're capable
to take some of those market shares.
And we wanted to build an incentive
on top of the discount and voucher business.
So like, imagine in the DeFi space,
there must be thousands already using JoinHoney
and they are like incentivized,
given we have the same inventory as JoinHoney
to immediately switch over to Lemono from the get-go.
So basically the goal is kind of
just to offer the same plus more.
So it's, you know, we knew we had to go in there
and we can't just, oh, we're gonna do the same.
You know, you actually have to incentivize people.
Yeah, a little something extra.
Yeah, no, that makes good sense.
So there's really gonna be two things
that you guys are doing.
First off, it's gonna be just discounts
on products that people buy.
That's gonna be part of it.
But then the second part is if you mint an NFT,
you're gonna get a share of the commissions
that you're getting for people buying those products.
So it's kind of like a two-fold thing here.
Yeah, you think in terms of the token and the NFT fund?
Yes.
Yeah, yeah.
So you will get a basic rate of 50% cashback rewards
that's tied to your basic lemon.
We call it the small lemon that's free to mint.
That's the all-in-one access card
to our whole technology hub,
starting with the browser extension.
You'll then be able to upgrade
and thus having tokens pulled from the circulating supply,
if you go ahead and stake your tokens into the protocol
with a 30-day notice
to up your percentages of the commission share.
So that $10 that you would have $5 before,
now you would have $7 if you upgrade it to the maximum.
Okay, very cool.
Another question that I was being asked is
what type of products are you going to
have these discounts on?
Is it gonna be very, very broad
or are you gonna kind of be niching
into certain types of products
or what's kind of the strategy there?
The short answer is everything, if possible.
And it is possible
because that's not something that's far-fetched.
I know that it sounds like ridiculous,
like, okay, how are you going to pick up the phone
and call like hundreds of thousands of businesses every day?
We don't need to do that.
The market is super consolidated
within the affiliate business.
So there is major global affiliate networks
like Awin, Trade Doppler, and many more
that have consolidated and already made a affiliate deal
with those e-commerces or online stores
that we can tap into.
So we can basically just take our plug
and stick it into the system
and be ready to go from there.
So if we had the extension running
and if we had some kind of traffic right now,
we could do hundreds of hundreds of deals already tomorrow.
Okay, very cool.
Will you allow people,
because I was just brainstorming here.
I'm like you, I love startups and new tech ideas.
But there's a lot of training courses and things like that
where they give affiliate codes
and the people get 10% off if they use the affiliate code.
And like you said, you also get 10% commission
for bringing people there.
So it's kind of, in some ways, it's like a 20% discount.
But will you allow,
will there be a way for people to submit,
hey, here's an affiliate link for this training course
and you could add that to your offerings?
Are you gonna be mostly looking at products
and things like that?
Most of the products,
that's kind of like the normal convenience
what you're shopping day-to-day.
But we wouldn't stop you
if you wanted to go into it and look at the deal.
It's not a no, but it would make it a lot easier
if that person or whatever joined the network.
Might as well take it with us, right?
Right, yeah, absolutely.
Well, it's a great way for different products
and services to market too,
is joining up with you guys.
And then if you can develop your ecosystem to be big,
then there's a lot of power in that
where, hey, if you wanna market
in front of these 500,000 people, do that here.
So very cool.
I really like this.
I was mentioning to the audience too
before you guys hopped on,
I watched your video with your Bonks.
I want you to just rest assured,
I don't do three-hour AMAs.
I don't have-
You want to know a secret?
I don't think it's a secret,
but the call actually was six hours
because we had three hours of prepping.
Oh my goodness.
Yeah, I just, I don't know how Bonks does it,
but I do not have that type of energy at him
after like an hour.
I'm like, man, I gotta get off here.
But Bonks always going.
So-
He didn't slow down at all.
He doesn't.
He never, I've met him in person.
He's the exact same way,
just like really high energy.
But I told my audience,
I posted a link to that video,
and I said, if you don't feel like
you get enough in this hour
that we're going to do here,
then watch your Bonks.
And if you don't get enough in that three hours there
and the hour here,
then you might have too many questions,
but that's fine.
You're going to hop into this hour.
Yeah, exactly.
All right, so next question.
So what are you kind of estimating?
Anytime somebody's minting an NFT
or something like that,
they're kind of wanting,
they're wondering,
so what kind of revenue is that going to bring me?
And I know it's kind of hard to predict some of that,
but just what do you tell somebody when they ask,
so what kind of returns am I going to get from this?
So the returns is just up from the normal NFTs.
We just wanted to incentivize
and also show a token of appreciation
for the early community
that they would be able to get
up to 100% of the affiliate commissions shared
going forward.
We are, it's super limited editions NFTs
that's only available in our presale.
So you can say,
if you go,
the lemon tree that will give you 100%
of the affiliate commissions,
like again,
if you bought the shoes
and we get a $10 affiliate commission,
all those $10 would be forwarded to you.
So that's kind of like,
you'll get a 2X on your shopping going forward.
But also I think that the NFTs are truly priceless
because there isn't going to be another one around
when we concluded the presale.
So that's,
it's full ownership,
not like the normal ones,
it's full ownership
and a lifetime of the affiliate deal.
And you will be able to trade those NFTs
on the secondary market as well.
And we will scoop up
if we think the default price is too low.
Okay.
Okay, actually,
okay, that's a good point.
So just to verify,
cause there's two ways
that I was thinking that you could do this.
You could pool all the commissions together
and then give out to the NFT holders.
But the way you guys are doing it
is you're giving them their commission.
Is that the right way to look at it?
Yeah, yeah.
So when you do the shopping,
yeah, we will share the affiliate commissions
that the store pays us.
So you'll get either 75% or 100%.
Okay, very good.
Those will be added before you get them
as a buyback in the protocol
and be routed from there into your wallet.
Okay.
Okay, very cool.
So it's going to be based on what you buy.
James, also just to answer the question
with the how much is it worth?
It really also depends on the shopper.
We don't, of course,
we want you to shop as much as possible,
but you shop anyway, right?
So the more you shop,
the more you earn is basically what we say.
Totally, yep.
So if you're a big shopper,
then for sure you might,
you want to look at these bigger ones for sure.
No, that makes a lot of sense.
Let's see, History Bear.
Well, we'll talk about the pre-sale here in a minute.
We've got a couple of questions from the audience.
Before we get to the questions from the audience,
do you want to walk us through the roadmap
and kind of walk us through where are we at now?
What's kind of next?
And what should people expect
if they jump into the project?
Yeah, so currently we just like an hour ago,
an hour and a half,
we launched our pre-sale.
So that's been our focus up until now.
We have built an actual prototype of the extension,
got it listed in the Chrome extension store.
It's not published,
but we wanted to build a demo of the product
that you're going to use.
And we will have that ready in a couple of weeks.
So up until the actual functioning version,
you will have something to touch and feel.
So in August, we will have the discount codes available
in the extension as an alpha version,
only for pre-sale participants.
And somewhere around late September,
we'll have the beta version going online,
also only for the pre-sale participants.
And then in October, we'll publicly launch,
just ready for the Black Friday and Christmas season.
But also depending on how the race is going,
and it's a tough market right now,
but we're certain that we'll hit our goals.
We will go into the market
of buying high volume traffic sites
that will help the protocol.
Instead of we are paying ads for TikTok
and Facebook for acquiring every user,
we're going to acquire these sites
that when you go buy something online,
maybe you've once or twice tried to like,
oh, there's a voucher code field,
a discount code field,
and went to Google and searched for a store name,
a voucher code.
Then you will land up on some site like RetailMeOrNot
that has listed the deals and potential voucher codes.
Those sites will go and acquire,
and also they will come with a certain amount
of affiliate commissions already.
So if we purchase a site for like 100,000
that has a monthly profit of $6,000,
we are only interested in the users
that we can acquire to the extension and to the service.
So those monthly profits also will go back
into the protocol for buybacks.
Okay, very good.
And then tell us, have you started work on the mobile apps
or that's in the future?
We like to, instead of doing everything at once,
we like to do one thing once.
So we are focusing on getting it off the ground
and having it be proven
and have a nice and steady growth from there
before we pivot into another side of the business.
Yeah, no, I like that.
I've always, you know, stay focused, like you said.
And who knows, as you get a community built,
I've always found this in my software,
I'm actually a software developer by trade.
And what I've always found is your community
that you find out they want you to build things
that you never thought of.
And they're like, oh, you were gonna build that?
That's not what we want.
We want this.
And so then there's a lot of pivoting
once you kind of get through that,
the beta testing and stuff.
So one last thing, and then, yeah,
we will get to some audience questions here.
Tell us about the pre-sale.
Tell us what, it just launched here not too long ago,
but tell us about the pre-sale, what chain we're on,
what token you need.
Tell us a little bit about that.
Yeah, so the actual service will be built
upon the Arbitrum blockchain.
But for entering the pre-sale,
it's available for USDC in both ETH, BSC,
Arbitrum, and also on Polygon.
So you'll be able to,
you are able to participate with multiple,
oh, it just went up, nice.
Yeah, I refreshed and it was up a thousand bucks.
So yeah, all the way.
So there's multiple chains you are able to participate on,
but the token will be on the Arbitrum blockchain.
Was there any more to that question?
Nope, that's pretty simple.
On the Arbitrum blockchain, minimum contribution, one USDC.
For every 500, you get one sapling NFT.
And then can you kind of explain,
is the idea if you get like five, four saplings, we'll say,
so you're not quite enough for a tree,
but you get four saplings,
the idea is that those will have some resale value
in the future, is that kind of the idea behind it?
Okay, yep, so you might want to get,
if you put in 2K, you get four saplings,
which you don't necessarily need 75% commission four times,
but you can go sell that NFT then going forward.
And then for 2,500,
and these are only available during the pre-sale.
So you guys saw the NFTs that are normally available.
These are pre-sale only, but these are the normal ones.
So these pre-sale ones are special
that will not be available once the pre-sale is over.
So again, there's always this,
when you're getting in pre-sale,
there's a little bit higher risk
because you don't know, how's this project going to go?
Is it going to work out?
Are they going to get the partnerships that they need?
And so you're taking more risk.
So then, yeah, it's good to give a bonus
where you get this 100% commission share.
If you're a big shopper,
that could potentially be worth a lot of money
over time, potentially.
So, and then even if you don't use it yourself,
the resale market,
there's going to be a limited number of these.
And so you can get those sent.
So very cool, love it.
Let's see, a couple of questions from the audience here.
How does this compare and differ
from the real world financial institutions
that give shopping rebates,
such as, oh, got to move around, dude, yeah.
Shops are closed, sorry about that.
No, no, no, that's fine.
It's actually happened many times.
I know too, yeah, you guys,
well, what part of the world are you located in?
In Copenhagen, Denmark.
Okay, so it's getting pretty late for you guys over there.
This is our crypto hours.
Yeah, your U.S. hour, right?
That's, we always, U.S. people always making people
go by their timeline.
I'm so sorry.
Actually, Christian used to play
American football in the U.S.,
so he's quite nocturnal in our terms.
No way, very cool.
That's amazing, I love that.
So how does this compare, back to AJ's question,
how does this compare and differ
from the real world financial institutions,
such as Acorns or Capital One,
or some of the other ones that give you
some kind of cash back for buying certain things?
Yeah, so maybe that's in terms of the physical shopping,
I presume.
I'm not a U.S. citizen,
but I can remember some of those names.
So that's a part where we want to go into,
that we want to go into down the road.
And actually, we're going to partner up
with said firms like those to be able to utilize
their massive muscles from the get-go.
So no, we won't have the same great deals
as they may have, because we need to pay them
a share of our deal.
But we will be able to instantaneously
provide a national-wide service
quite like the extension from day one,
when we enter those spaces.
So we want to partner with those established firms,
and they also want to have more usage.
It's basically in the world of business.
It all comes down to the spreadsheet, right?
Right, oh yes, yes.
Always comes down to the spreadsheet.
I love it.
And Scott has a good point.
Why stop with just credit card rewards
when you can stack rewards like this as well?
So yeah, if you're buying a lot of stuff online,
then you can buy with a credit card.
You can get 1% or 2% back from that.
Then you can use something like this,
and you get maybe even another 5% or 10% back.
And eventually, you can save yourself quite a bit of money.
So yeah, totally good point, Scott.
When is the pre-sale over?
So how long are you going to be doing the pre-sale for?
Is there a goal that you're looking for,
or is it a time limit?
Yeah, so it's always, in this market,
it's, what's it called?
It's exciting to see how these launches are going.
We want to be able to fully utilize our potential.
So the pre-sale isn't over in an hour,
because I think that we will have some biscuits
to share with the token holders.
So we are going to have like,
we have a network that's not available in these hours,
so they want to jump in as well.
And so we will have it running
over the course of the next days,
and just see where are we at.
Just a note, we are eco-friendly.
Yeah, that's right.
Totally, very eco-friendly.
Scott says, your lights wouldn't go off
if you filmed in your basement with your pajamas,
like most crypto projects do.
So this is what you get for being professional.
Would you prefer that, Scott?
Yeah, absolutely.
Okay, very good.
And then Scott wanted to know too,
can you talk about your decision to develop on Arbitrum?
What's your opinion of it?
Or it's kind of up and coming, you know,
and a lot of people aren't as familiar with it yet.
Tell us a little bit about Arbitrum.
So the thing was that we didn't see the need
of going on a more wide chain as SPSC.
That was our first take because we wanted to be mainstream.
Of course, if we were mainstream,
that will benefit the protocol and thus the users.
But building on Arbitrum,
we like the innovative space they create,
and also the community that follows.
So we pivoted and thought we would rather be a big fish
in a small pond and grow with Arbitrum
instead of being one of many thousands on the list on BSC.
Maybe in the future, we will see if there's any benefits
for the users if we should go multi-chain.
But for now, we're sticking with Arbitrum.
Okay, yep, nope, that makes a lot of sense.
And getting in on some of these chains early,
you know, if they end up taking off
and then you're one of the original on the chain,
there's a lot of potential there.
That's a good marketing strategy in and of itself.
What will be the Lemon total supply for the token?
Yeah, so that's like the question of the day,
and I certainly understand why it's asked.
Given it's a community fair launch,
we wanted to launch at the price tag of one cent.
So we have to wait until the race is over
to actually mint the tokens that we need.
And from that point on, it will be fixed
and there will not be minted any more tokens.
Okay, very good.
So no more minting after that.
Very good.
All right, any other questions from the audience?
Or do you guys have anything else?
This is such a, it's a very straightforward,
I actually really appreciate it.
A lot of times I jump on to the white papers
and the websites for some projects that I'm looking at
and it's like, I need an AMA to know what you're even doing.
But this is not the case.
I think it's very straightforward.
I think it's clever.
I'm a big internet shopper,
so I definitely know I'm gonna need some.
And my wife too, I don't wanna say.
She's a big internet shopper as well.
So we definitely gotta get this.
Good crypto.
Oh yes, I think we might have stopped
in mid-question for that.
Is there a set close date for the presale?
So like mentioned before,
we are going to see how the day develops
over here in Denmark and Scandinavia.
We are going into the nighttime hours
and our network is primarily doing office hours.
So we'll have it,
we have an internal target in terms of a hard cap.
We won't disclose it because in this market,
it's kind of tricky because then if you saw
the contribution right now,
you would think, oh, you're way off.
But we're like, we're just getting started
because we are used to raising funds
for a normal traditional IPOs
where the raise period is two or three weeks
before they go into the NASDAQ exchanges.
Okay, very good.
Is there anything else that you feel like
we didn't touch on?
I feel like I have a pretty good understanding.
If somebody asked me, hey, what's Lemino doing?
I think I would be able to tell them pretty easily.
But anything that we didn't touch on
or anything you wanna highlight
before we kind of wrap up here?
I'm taking a, what's it called?
Leave of faith here.
Can you go to the pre-sale?
I just want to see if there's any more contributors.
Yeah, yeah, there you go.
Putting myself on the line here.
8,031, 8,031.
So we're making progress
and we'll start pushing this out.
Again, the recording of this will be available
right when it's done.
And the recording is where most people end up watching,
but I'll get some tweets out too
and just let people know, hey, this pre-sale is going.
The thing is we kind of like set ourselves,
we actually haven't had any thought of any measures.
So like come in, thought us, create some engagement,
have us being the trending topic,
and we would love that.
Yeah, you need some things to go wrong
because that's what gets the big publicity,
the viral publicity is you need a hack
or something like that.
Exactly, that's true.
No, that's good that there's no FUD yet.
So I'm sure as you grow, it will come.
Yeah, yeah, we'll take your FUD already.
Big boys. Awesome.
Well, I'm a marketer,
so I always like to end with calls to action.
So again, I start with the free calls to action.
Free call to action, hit the like button
is the number first, super easy.
You're already on the screen.
The like button is just that thumbs up
right below the video, hit it.
That will help this video get out to more people.
So please do that.
Also hop into the Discord group.
I know that just getting people in there,
I'll post a link to that,
but hop in the Discord group, again, totally free,
but getting people in there and getting discussion going.
And projects that are this early,
you can really help shape the product
and the project going forward.
So you can hop in there early and say,
hey, I've got an idea, you should try this
and you should try this.
And you're not gonna be able to jump into GetHoney
and do that because they're already, like he says,
17 million users and they're set in what they're doing.
But a project like this, you can go kind of shape the future
so do that.
Also go follow on Twitter.
So Twitter is, there's gonna be announcements there
and it's just a good way to help grow the project too.
You get that follower count starts to go up
and Twitter sees, oh, that's important,
they've got a lot of followers
and then that helps get more people in.
So it's just a marketing tool in and of itself.
And then of course,
if you would like to get involved financially,
which is what's most helpful,
I mean, at least do the free ones,
but most helpful would be jumping into the pre-sale.
So it's on Arbitrum Network,
it's minimum contributions, one USDC to get these tokens.
If you give at least 500 tokens,
you'll get one of the sapling NFTs.
And if you do 2,500, you'll get a tree NFT.
And again, just to remind you,
the sapling is 75% of your commission
and the tree is 100%.
So those are gonna be the best NFTs that are ever available
compared to what's gonna be available after pre-sale.
So very cool.
I like this.
Thank you guys.
Well, first off, thank you audience.
Again, appreciate you guys so much
just hopping on and watching.
Again, if you missed any of this,
the replay will be available right when I'm done here.
I'll get chapters put in
so you can skip around to the different questions.
So appreciate that.
And thank you guys.
I wanna first thank you for building something in the space
that's worth having onto my channel.
I get pitched probably 15 projects a week
and 14 of them, I'm like, this is just garbage.
Like you're not doing anything.
And so I'm always thankful to have a project
that's coming on that is actually building something,
not looking just to steal people's money.
So thank you for building that and thanks for coming on
and sharing it with my audience.
Really appreciate it.
Thank you for hosting.
Thanks so much also to the viewers
and thanks James for having us.
Yep, absolutely.
And if you guys need anything as you're going,
if you guys need tweets or maybe I can do a YouTube short
and we'll get some more eyes on that pre-sale that way.
But let me know and we'll love to help you guys out
on this journey.
So thank you so much.
Thank you.
Thanks so much.
Take care and have a great night for you guys.
You'll probably be going to bed.
So thank you so much and have a great rest of your day.
Thanks.