What is Tokenlon Network Token (LON)? New Opportunities in the World of Decentralized Exchange

Check Today's Crypto Market:

Bittime - In this digital era, crypto asset trading is increasingly popular. Decentralized Exchanges ( DEX ) offer an attractive alternative to centralized exchanges, with better control and security for users. One DEX that stands out is Tokenlon, with the LON token being the backbone of its ecosystem.

What is Tokenlon Network Token (LON)?

Tokenlon Network Token (LON) is a utility token that powers Tokenlon DEX, a decentralized crypto asset trading platform. LON is used for various functions in the Tokenlon ecosystem, such as:

• Paying trading fees: LON users get fee discounts when trading on Tokenlon DEX.
• Participation in governance: LON holders can cast their votes on proposals related to the development of the Tokenlon platform.
• Staking: LON can be staked to earn rewards and improve network security.

Tokenlon Network Token (LON) Key Products & Features

• Tokenlon DEX: A safe and efficient DEX platform with a variety of trading features, including limit orders, stop-limit orders, and margin trading.
• Tokenlon Launchpad: Platform for launching new blockchain projects and allowing users to participate in initial token sales.
• Tokenlon Bridge: An inter-chain bridge that allows users to easily transfer their crypto assets across different blockchains.

Also read: What is Tokenomics? Guide For Beginner Crypto Traders

What is LON Token?

LON is an ERC-20 token with a total supply of 200 million. These tokens are distributed in a variety of ways, including:

• Public token sale: 30% of the total LON supply was sold to the public through an initial token sale.
• Team and advisors: 20% of the total LON supply is allocated to the Tokenlon team and advisors.
• Ecosystem and incentives: 50% of the total LON supply is allocated for the development of the Tokenlon ecosystem and incentives for users.

LON Token Tokenomics

• Max Supply: 200,000,000 LON
• Total Supply: 133,867,798 LON
• Circulating Supply: 103.392.543 LON
• Market Cap: IDR 1,115,169,999,168 (as of 22 February 2024)

Also read:

Tokenlon Network Token (LON) Fundamental Analysis

• Trading volume: Tokenlon DEX has a high trading volume, indicating strong demand for LON tokens.
• Experienced team: The Tokenlon team consists of experienced professionals in the blockchain industry.
• Community support: Tokenlon has an active and supportive community.

Comparison of Tokenlon Network Token (LON) & Competitors

Check Price :

Founder & Team Tokenlon Network Token (LON)

Tokenlon was founded by Ben He, an experienced blockchain entrepreneur and investor. The Tokenlon team consists of experienced professionals in the fields of technology, finance and blockchain.

Expert Opinion About Tokenlon Network Token (LON)

Experts believe that Tokenlon Network Token (LON) has great potential for growth in the future. Factors that favor LON include:

• Rapid growth of the DEX market
• Experienced Tokenlon Team
• Innovative Tokenlon features and products

Conclusion

Tokenlon Network Token (LON) is a utility token that has great potential for growth in the future. LON is used for various functions in the Tokenlon ecosystem, and the Tokenlon DEX platform offers various attractive features and products for users.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via  Bittime .  Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on  Bittime ,  make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into  your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn  Complete Guide How to Buy Crypto on Bittime .

Monitor price chart movements  for Bitcoin (BTC) ,  Ethereum (ETH ) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

What is Chia (XCH)? Come on, get to know this environmentally friendly blockchain platform!

What is Kujira (KUJI)? Secure and Profitable Multi-Chain Staking Platform

What Is Coinbase Wrapped Staked ETH (cbETH)? Optimizing ETH Staking with Flexibility

What is Venus BNB (vBNB)? Optimizing BNB Potential on Venus Protocol

DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.