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Information about "Tokenlon Network Token"
What Is Tokenlon Network Token (LON)?
LON serves as a utility token designed to bring together ecosystem participants and motivate the ecosystem's growth.
Who Are the Founders of LON?
Tokenlon operates as a decentralized exchange and payment settlement protocol built on Ethereum blockchain technology. It underpins the Tokenlon DEX, which strives to deliver a trustworthy, secure, and straightforward trading experience to users globally.
What Makes LON Unique?
The LON tokens are distinct due to two primary applications:
Fee reductions: Tokenlon typically imposes a 0.30% fee on most transactions. However, users can benefit from fee discounts proportional to the amount of LON tokens they own.
Governance: LON empowers the community by involving them in Tokenlon's governance. Holders of LON can contribute to Tokenlon's enhancement by proposing and casting votes on Tokenlon Improvement Proposals (TIPs), which may include decisions on treasury usage, fee structures, buyback criteria, supported assets, and product features.
Fee reductions: Tokenlon typically imposes a 0.30% fee on most transactions. However, users can benefit from fee discounts proportional to the amount of LON tokens they own.
Governance: LON empowers the community by involving them in Tokenlon's governance. Holders of LON can contribute to Tokenlon's enhancement by proposing and casting votes on Tokenlon Improvement Proposals (TIPs), which may include decisions on treasury usage, fee structures, buyback criteria, supported assets, and product features.
How Many Tokenlon Network Token (LON) Are There in Circulation?
As of December 2020, there were about 110 million LON tokens in circulation, with a maximum possible supply capped at 200 million.
How Is the Tokenlon Network Token Secured?
The entire smart contract code for both Tokenlon and the LON token is accessible and verified on-chain. You can review the code using tools like Etherscan:
https://etherscan.io/address/0xdc6c91b569c98f9f6f74d90f9beff99fdaf4248b#code
https://etherscan.io/address/0x8d90113a1e286a5ab3e496fbd1853f265e5913c6#code
https://etherscan.io/address/0x11be6f5520fee8e867e20af9c9d2c8a09b909b83#code
https://etherscan.io/address/0x0000000000095413afc295d19edeb1ad7b71c952#code
https://etherscan.io/address/0xdc6c91b569c98f9f6f74d90f9beff99fdaf4248b#code
https://etherscan.io/address/0x8d90113a1e286a5ab3e496fbd1853f265e5913c6#code
https://etherscan.io/address/0x11be6f5520fee8e867e20af9c9d2c8a09b909b83#code
https://etherscan.io/address/0x0000000000095413afc295d19edeb1ad7b71c952#code
Where Can You Buy Tokenlon Network Token (LON)?
LON can be purchased on Tokenlon, Uniswap, and a variety of other exchanges.
"Tokenlon Network Token" price data