Tokenlon cryptocurrency exchange is an Ethereum-based decentralized exchange and a payment settlement platform built using the 0x protocol. It is also based on an upgraded off-chain Request for Quotation (RFQ) architecture. The exchange integrates a number of proven financial protocols into the ecosystem and then develops a global settlement layer on top of those protocols with the help of smart contracts.
There is no need for KYC verification in order to use the exchange. Besides, Tokenlon can only be accessed through the web.
The exchange offers the Tokenlon spot trading option. The most popular Tokenlon trading pair based on the Tokenlon trade volume is USDT/ETH as of writing this.
For the Tokenlon crypto fees, there are 10 different levels, and the fees vary from 0.10% to 0.30%. The tiers are based either on the individual 30-Day Tokenlon volume or the amount of LON tokens held. However, there is also a flat trade fee, which is 0.4% for stablecoins and 0.3% for other cryptocurrencies.
Users can instantaneously trade and receive tokens with Tokenlon instead of having to deposit tokens, trade, and then withdraw. Thus, there are no Tokenlon exchange fees for deposits and withdrawals.
LON is the native utility token of the Tokenlon exchange. Its purpose is to incentivize user involvement in the growth of the ecosystem. Besides, it can also be used for staking. You can find the live Tokenlon crypto price chart here.
Apart from trading on the Ethereum network, Tokenlon also allows users to make Limit orders on the Arbitrum network.
Also, the platform offers the Instant swap feature, which allows users to make P2P swaps based on the prices aggregated from several Professional Market Makers (PMM) and Automated Market Makers (AMM).
Moreover, Tokenlon is integrated into the imToken App, which is a decentralized wallet. This integration allows users to swap and manage tokens inside their wallets.
Furthermore, Tokenlon allows the staking of LON tokens. By staking, users get rewarded with more LON tokens as well as receive governance rights.
Lastly, the Tokenlon crypto exchange offers the BTC wrap service. It allows users to convert their BTC tokens into WBTC or imBTC tokens. imBTC is one of the core product of Tokenlon. It provides BTC tokens with smart contract functionality.
About the Company
Tokenlon was established in 2018 and first debuted as a decentralized trading platform inside imToken, which is a service that provides cryptocurrency wallets. At the time of its inception, two of the most prominent features of Tokenlon were its capacity for swiftly exchanging one token for another, as well as the Instant Exchange function. However, after some time, Tokenlon transitioned into its role as an autonomous decentralized exchange.
The founder and CEO of imToken is Bin He. Bin has a degree in economics. Besides, he is also the co-founder of Rorol studio and a product designer at Fengche.co.