What is Tokenlon? Tokenlon is a trusted decentralized exchange protocol on the Blockchain network. Tokenlon aggregates prices from the market to optimize users' investments, providing reliable experiences.
With the development and innovation of decentralized finance (DeFi), we have seen currency markets, lending markets, trading markets, payment networks, insurance markets, Derivative, ... gradually forming a new and expanding financial ecosystem based on Blockchain.
However, many protocols are still developing and have issues with user experience and liquidation separation.
Join Hak Research to learn about a new decentralized protocol called Tokenlon with outstanding changes through this article.
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Tokenlon Overview
What is Tokenlon?
Tokenlon is a trusted decentralized exchange and payment protocol on the Blockchain network. Tokenlon aggregates prices from the market to optimize users' investments, providing reliable experiences.
The Tokenlon Protocol is a financial services network that provides users with payment and transaction needs. Tokenlon connects users to a global liquidation market with secure, efficient and low-cost trading.
Through community building, Tokenlon will provide developers with a unified and standardized access point to the DeFi market. Building a user-friendly interface, aiming at simple access to the financial market so that everyone can use open financial services freely and equally.
Tokenlon's operating mechanism
Tokenlon is operated on an integrated mechanism of developed financial protocols and has various stable operations. From here, tokenlon creates a rich and powerful financial market on a global scale with affiliated ecosystem partners.
Tokenlon builds a common information aggregation area for leading protocols, while Tokenlon will be used as an infrastructure for exchange and payments for applications.
Tokenlon's difference
Tokenlon 4.0 is based on an improved Off-Chain Request for Quotation (RFQ) architecture built on the DEX 0x protocol. With on- chain payments, Tokenlon offers users a transaction with no slippage, no front-end pricing, and no trust required.
Development Roadmap
Tokenlon started in 2017 with the aim of providing decentralized exchange services in wallets, with the vision of Tokenlon becoming an infrastructure of decentralized payment services, providing payment data in real time and payments between different networks, different currencies.
Since its launch in July 2019, Tokenlon 4.0 has 120,000 users who have traded with a total volume of over $4 billion. With an on- chain payment success rate of 99.6%, far surpassing other DEX protocols.
After three years of launch, operation and improvement. Tokenlon has completed its first major milestones, allowing users to use the wallet to complete Token exchanges quickly, easily and reliably. Serving early user groups well are developer partners such as: Kyber Network Team, 0x Team, Market Makers,... And are continuing to expand cooperation.
Tokenlon is committed to becoming the infrastructure of the global financial market and connecting the Blockchain ecosystem in a fully scalable way. Tokenlon will become an open protocol with a community ecosystem, aiming for Decentralized Community Governance through LON Token .
Core Team
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Investors & Backers
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Tokenomics
Information about LON Token
- Token Name : Tokenlon
- Ticker : LON
- Blockchain : Ethereum
- Token Standard : ERC-20
- Contract : 0x0000000000095413afc295d19edeb1ad7b71c952
- Total Supply : 200,000,000 LON
Token Allocation
LON Token Allocation
- Community: 65% - Community development.
- Team: 24.8% - Project development team.
- Stakeholders: 5.2% - Stake Token users.
- Development Fund: 5% - Project development fund.
Token Release
Estimated total circulating supply of LON Token
All Token of the development team, stakeholders and development reserve fund will be paid in installments within two years (35% equivalent to 70,000,000 LON).
LON Network Incentive Plan (LIP):
- Phase 1 (September 26, 2020 - December 22, 2020): 15% (30,000,000 LON) will be distributed to the community when LON begins to circulate, 7.5% to traders, brokers Introduction and participating market makers and Genesis mining incentive plan. The remaining 7.5% rewards early users.
- Phase 2 starting from December 23, 2020: For the remaining 5 years, 5% (10,000,000 LON) will be used for liquidation pool incentives, rewarding LP of pools Indicated LON Liquidity Pool . 45% (90,000,000 LON) Liquidity Mining, used as rewards for ecosystem participants.
Token Use Case
LON is a utility Token issued by Tokenlon, used to incentivize participation and expand the ecosystem.
- Fee Discount: When users hold LON, they will enjoy benefits such as reduced transaction fees based on the amount of LON held.
- Governance: LON is used as a Governance Token for voting and proposal activities.
- Buyback, Staking, Treasury, Mining.
Exchanges
Users can buy and own LON Token on leading centralized exchanges such as: Gate.io, BingX, OKX, CoinW, BitMart, LATOKEN,... And other decentralized exchanges: Uniswap V2 , SushiSwap.
Tokenlon's Information Channel
- Website: https://tokenlon.im/lon
- Twitter: https://twitter.com/tokenlon
- Discord: https://discord.com/invite/ZFf4Cye
Summary
With the development and innovation of decentralized finance (DeFi), we have seen the market appear many different financial protocols, continuously developing and improving to bring benefits to users. .
The Tokenlon Protocol is a financial services network that provides users with payment and transaction needs. Tokenlon connects users to a global liquidation market with secure, efficient, low-cost transactions.
Tokenlon will become an open protocol with a community ecosystem, aiming for decentralized community governance. Follow and capture opportunities in the DeFi decentralized finance sector with Tokenlon.
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