The ecosystem of Web3 is still young. Although there is no strict definition yet, it has been recognized as the inevitable trend of the future network, and it is currently in the stage of rapid development.
Singapore Timmy Technology Co., Ltd. is an entrepreneurial technology company in the field of Web3. Its main business is to provide blockchain, NFT, Metaverse, cryptocurrency and other consulting services and one-stop solutions. It is committed to assisting enterprises to further develop their business through innovative blockchain technology, and move forward from Web 2.0 to the new era of Web 3.0.
Timmy Technology obtained the first round of financing of S $1.5 million at the initial stage of its entrepreneurship, which was financed by Wing Orchard, RAT Game, Mr. Hughes, G IDEA, MAGU Capital, Green Mint and other companies participated in the investment, and the funds were mainly used in the research and development of Web3 technology and business promotion. At present,Timmy Technology has the independent development capability of the public chain, wallet, smart contract, DeFi, NFT and trading market.
In June 2022, Timmy Technology released the LemonDAO project in a low profile. At first, it had two purposes, one was to explore a Web3 economic model that would link the lemon industry chain into a blockchain, and the other was to show the company's technical achievements in the Web3 field as a model. Surprisingly, the release of the project has attracted many blockchain enthusiasts. In order to live up to the popularity of users, Timmy Technology has set up an independent department for DAO management to explore the operation of the project.
LemonDAO, as a pilot project of combining lemon culture industry with Web3 empowerment, has several characteristics that deserve attention:
1. Dual token economic model:
As an ecological token, LEMON, a token, adopts standard contracts to assume the function of project governance;
As the community token, LemonTEA adopts the contract of holding currency dividends and community incentives to improve user activity and viscosity and enrich the interaction between users and projects;
The dual token model of LemonDAO is somewhat similar to the relationship between chicken and egg, which promotes each other in circulation, and the spiral closed-loop improves the value of both.
2. Long lock time:
The project has locked its own tokens for 3 years and the LEMON liquidity pool for 10 years, hoping to have enough time to operate the project, so that the project has a necessary time to grow and grow, and at the same time, users can participate in the transaction and circulation in the market with confidence.
Timmy Technology pays more attention to the upgrading and development of technology. At present, it is discussing the compilation of Web3 infrastructure with some code review organizations. In order to pursue security performance, it is not eager to display its works. The investment organization has also given sufficient recognition.
3. NFT anchoring solid calculation force:
LemonDAO's original NFT provides technical support and innovation for the combination of virtual and real by anchoring the computing power of bitcoin mining machine in real time through algorithms. At present, an Emoji NFT to benchmarking 1P Bitcoin hashrate can produce BTCBs on the BSC chain through POS. With the development of the project, in the future, there will be more cases of combining reality with fiction through NFT, bringing more empowerment to NFT.
4. Dividend for staking on mining:
As a blockchain technology OEM enterprise, Timmy Technology will require these projects to reserve some digital asset candies for distribution to the token and NFT holders of LemonDAO when undertaking some project development work. LemonDAO users can obtain these candies by participating in staking in Lemon DAPP, which is a sustainable dividend.
5. Lotto winning system:
LemonDAO's NFT is issued through the arrangement of pokers. The project will give huge rewards to the holders from time to time according to specific combinations. This interesting way promotes the circulation of NFT and enhances the collection value of NFT.
6. GameFi combining virtual and real industries:
The ultimate goal of LemonDAO is to enable technology to serve the industrial chain. Through the development and exploration of Lemon GameFi, the models of planting, production, reprocessing and commercial operation of the lemon industrial chain are presented in the game, and the payment and logistics links of offline lemon farms are bound to achieve the virtual reality combination of industrial development and online games in reality. The GameFi of LemonDAO will be launched in the second quarter of 2023.
7. Community construction is the foundation for DAO:
DAO is an important management mode of Web3, which allows users to assist the platform to achieve decentralized management. The final form will be through smart contracts and voting decisions of coin holders, and the code will automatically execute the voting results. At present, LemonDAO is still in the initial stage of community building and token holding consensus building, and there is still a long way to go to realize the ongoing DAO. Timmy Technology is still exploring the development of Web3 community DAO, first from the user experience, to build the future Web3 ecology with users.
The beginning of LemonDAO is very low-key, but the future construction is very rich. With the development of Web3 technology becoming mature, we believe LemonDAO will develop slowly and greatly. At the end of the article, we hope that people can use Web3 to create a better Internet, and we also wish Timmy Technology a great success in the field of Web3.