Tokenlon

LON Price

About Tokenlon (LON)

Tokenlon is a decentralized exchange protocol that aggregates liquidity from professional market makers and automated market makers to provide optimal trading prices and a seamless user experience.

• The protocol utilizes a Request for Quotation (RFQ) model that allows users to lock in prices before submitting transactions to the blockchain.
• Tokenlon supports gasless trading, enabling users to swap tokens even if they do not have the native network asset for transaction fees.
• The LON utility token incentivizes ecosystem participation through fee discounts, staking rewards, and community governance rights.

What Is Tokenlon

Tokenlon aims to offer a high-performance trading experience by combining the benefits of decentralized finance with the efficiency of professional market making. It acts as an aggregator that sources liquidity from both Automated Market Makers (AMM) and Professional Market Makers (PMM).

Value moves through the system via trading fees collected from swaps. These fees are used to reward LON stakers and fund the community treasury for ecosystem development. The LON token is put to work through staking, where holders receive a portion of the protocol's fee revenue, and it also provides tiered trading fee discounts based on the amount of LON held. The protocol scales by expanding to Layer 2 networks like Arbitrum and integrating more liquidity sources to maintain competitive pricing as trading volume grows.

What Makes Tokenlon Unique

• RFQ Architecture: Unlike standard AMMs, Tokenlon's RFQ mechanism allows users to see a final price and sign an order off-chain, protecting them from slippage and front-running during the price discovery phase.
• Gasless Swaps: Users can execute trades without holding native network assets for gas, as the protocol can deduct the fee from the swapped asset or provide LON subsidies.
• Native imToken Integration: Tokenlon is the native decentralized exchange of the imToken wallet, providing a deeply integrated experience for millions of mobile users.
• High Success Rate: The protocol maintains a reported order success rate of over 99% by verifying quotes before they are broadcast to the network.

What Can You Use Tokenlon for?

• Optimized Trading: Users can swap a wide variety of ERC-20 tokens at competitive rates aggregated from multiple liquidity pools.
• Staking and Rewards: Holders can stake LON to earn a share of the protocol's net fee profit.
• Fee Reduction: Holding LON tokens entitles users to significant discounts on trading fees within the Tokenlon ecosystem.
• Governance Participation: LON holders can vote on protocol upgrades, grant proposals, and DAO governance frameworks through the Snapshot platform.

How Does Tokenlon Work?

When a user requests a quote, Tokenlon's backend queries multiple market makers and AMMs. The user receives a signed quote which they can then sign and broadcast to the blockchain. This ensures the price is locked and the trade is protected from slippage. The protocol uses smart contracts to settle trades atomically on-chain. If the trade is on the Ethereum mainnet, it incurs protocol service fees which can be paid in the token being traded. On Layer 2 networks, Tokenlon provides limit order features to reduce costs and improve transaction speed. The protocol undergoes regular audits by renowned firms to ensure the safety of its smart contracts and user funds.

Team Info and Investors

Tokenlon was incubated by the team behind imToken, a leading decentralized wallet provider, and launched as an independent protocol to scale its liquidity services. The project is transitioning toward a DAO structure, utilizing a governance forum and Snapshot-based voting for community-led decision making. While specific early-stage venture capital names are not detailed in primary public materials, the project is backed by the established ecosystem of ConsenLabs, the developers of imToken.

Where can you buy Tokenlon?

LON tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Tokenlon is Uniswap V2 (Ethereum), where the most active trading pair LON/WETH has a trading volume of $9,496.12 in the last 24 hours. Other popular options include Uniswap V3 (Arbitrum One) and Sushiswap.

What is the daily trading volume of Tokenlon (LON)?

The trading volume of Tokenlon (LON) is $23,370.70 in the last 24 hours, representing a 39.80% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Tokenlon (LON)?

Tokenlon (LON) reached an all-time high of $9.81 and an all-time low of $0.06689. It’s now trading -98.20% below that peak and 157.60% above its lowest price.

What is the market cap of Tokenlon (LON)?

Market capitalization of Tokenlon (LON) is $21,243,376 and is ranked #762 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of LON tokens (120 Million tokens are tradable on the market today).

What is the fully diluted valuation of Tokenlon (LON)?

The fully diluted valuation (FDV) of Tokenlon (LON) is $24,170,571. This is a statistical representation of the maximum market cap, assuming the maximum number of 200 Million LON tokens are in circulation today. Depending on how the emission schedule of LON tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Tokenlon compare against its peers?

With a price decline of -6.20% in the last 7 days, Tokenlon (LON) is underperforming the global cryptocurrency market which is down -5.50%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add Tokenlon (LON) to MetaMask?

Adding Tokenlon (LON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import LON as a token. You can copy LON’s contract address (0x0000000000095413afc295d19edeb1ad7b71c952) and import it manually, or if you've installed MetaMask's chrome extension, add LON to MetaMask with one click on CoinGecko.

Add LON to MetaMask.