Great Questions. And Since I am Luke I will make sure that link gets fixed Lol!
We have a Medium article that explains how the swap worked, which was capped by the way to make sure people did not abuse the system.

https://medium.com/@YuurinB/lol-coin-swap-register-now-c206e25f10d4

And yes this started as a swap from LOL.

We have also discussed the last block reward and may revisit it in the future if it causes too much inflation.

We have already submitted our application and have been told everything looks great, but need a more volume.

Hope that answers your questions and have a great one!