Buy Tokenlon (LON)
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.
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Frequently Asked Questions (FAQs)
What is the current price of Tokenlon (LON)?
The Tokenlon price is $1.2757 AUD, representing a -1.09% from the day prior.
Where is the best place to buy Tokenlon (LON) in Australia?
The best place to buy Tokenlon (LON) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Tokenlon (LON) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Tokenlon (LON)?
The trading volume of Tokenlon (LON) is $115.0K AUD in the last 24hrs, representing a -1.09% from the day prior.
How can I buy Tokenlon (LON)?
Tokenlon (LON) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Tokenlon (LON)?
The current market cap of Tokenlon (LON) is $146.3M AUD.
Can I convert Tokenlon (LON) to cash?
Yes - With Coinstash you can convert your Tokenlon (LON) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Tokenlon (LON) are there?
The current circulating supply of Tokenlon (LON) is 116.9M.
Is Coinstash a safe place to buy Tokenlon (LON) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Tokenlon (LON) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.