In the ever-evolving landscape of cryptocurrency, Tokenlon has emerged as a noteworthy platform. Founded in 2017, it functions as both a decentralized exchange and payment settlement protocol. The platform has witnessed substantial trading volume growth over the last year, positioning itself as a prominent global decentralized exchange. This ascent has garnered positive recognition from the cryptocurrency community, emphasizing Tokenlon's solid groundwork and its promising path in the crypto world.
What is Tokenlon
Tokenlon is a decentralized exchange (DEX) and payment settlement protocol with a focus on enhancing the trading experience for cryptocurrency enthusiasts. Operating within a secure and transparent environment, Tokenlon employs an off-chain Request for Quotation (RFQ) model based on the 0x protocol, enabling users to access optimal pricing for various trading pairs. Beyond its core trading functionality, Tokenlon envisions itself as a foundational infrastructure for decentralized payment services. This vision includes enabling real-time payments and settlements across various networks and currencies.
The Tokenlon team
Tokenlon was initially part of the imToken team, founded by of Ben He Bin. Following its separation from imToken in 2018, Tokenlon evolved into a decentralized exchange protocol, with Lucas Huang taking the reins as Head of Growth.
How does Tokenlon work
Tokenlon is a decentralized exchange (DEX) that allows users to trade ERC-20 tokens without relying on centralized intermediaries. This is facilitated through a hybrid model combining off-chain order books with on-chain atomic swaps. By utilizing this approach, Tokenlon ensures quick and secure trades, providing users with a seamless trading experience.
LON tokenomics
LON serves as the native utility token of Tokenlon, boasting a total supply of 200,000,000 LON tokens. The token distribution underwent a fair launch mechanism, without any pre-mining or allocations to the team or investors. LON token holders enjoy benefits such as fee discounts, the opportunity to stake tokens for rewards, and active involvement in ecosystem-related decisions through voting.
LON use cases
Tokenlon offers several advantages for LON holders. These include fee discounts on Tokenlon trades and staking rewards. Tokenlon's innovative buyback mechanism also utilizes collected fees to repurchase LON tokens, bolstering demand and contributing to price stability.
LON distribution
LON is distributed as follows:
- 65 percent: Community rewards
- 24.8 percent: Core team
- 5.2 percent: Stakeholders
- 5 percent: Development fund
