### What is Tokenlon?

Tokenlon is a decentralised cryptocurrency and payment settlement protocol built on the Ethereum blockchain. It serves as the native token of the Tokenlon platform, a decentralised exchange (DEX) that enables users to trade cryptocurrencies directly from their wallets without requiring deposits on a centralised exchange. The platform is integrated into the imToken app and primarily focuses on delivering a seamless and secure trading experience with the vision of establishing a foundational layer for decentralised payment services.

### How does Tokenlon work?

Tokenlon uses the 0x protocol to facilitate trustless on-chain settlement, ensuring security and transparency. It features an upgraded off-chain Request for Quotation (RFQ) system that collects price quotes from different market makers, providing users with optimal prices. The platform ensures that transactions are settled atomically, meaning all elements of a trade are completed successfully, or the transaction fails entirely. It operates through smart contracts such as TokenlonExchange for trade processing, MMProxy for market maker token management, and UserProxy for user token transactions. The exchange primarily uses Ethereum's consensus mechanism and offers gasless transactions for most orders.

### What are the potential use cases for Tokenlon?

Tokenlon plays a significant role in decentralised finance (DeFi) by offering efficient token swaps and hosting liquidity provision services. Its integration with the imToken wallet enables in-wallet trading, providing users with a direct trading experience without centralised exchange intermediaries. Tokenlon also serves as a global payment settlement infrastructure, enabling cross-chain transactions and secure decentralised trading. The LON token facilitates governance participation, allowing users to influence protocol improvements and decisions. Tokenlon's services extend to various industries, including financial services, enhancing the blockchain ecosystem by connecting diverse networks and currencies.

### What is the history of Tokenlon?

Tokenlon was founded in 2017 by the imToken team, initially integrating the Kyber and 0x protocols to offer decentralised token swaps. It achieved significant early adoption and has undergone continuous development and upgrades, culminating in the release of Tokenlon versions 4.0, 5.0, and 6.0, each enhancing functionality and expanding user engagement. The platform reached major milestones, including high trading volumes and innovation in trading speed and user experience. Tokenlon has successfully distributed a substantial number of LON tokens to foster community involvement and has established itself as a top DEX with robust market performance and technological advancements.

Tokenlon

Deposits and withdrawals are not currently available for this coin.

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