Tokenlon Bi-Weekly (2022.02.18–03.04)

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Tokenlon

3 min readMar 5, 2022

Dear Tokenlon users,

The past two weeks have been very volatile for all markets, with great price fluctuations. We stand united against any form of war and wish that the war in Ukraine will end peacefully soon.

Our vision is to build a decentralized protocol that enables anyone full access and ownership to financial instruments remains. Read on to find out about our progress these past two weeks!

Product & Tech

Removal of the minimum trade amount

Very soon, you can trade with no minimum amount required! This feature will be launched at the next APP update

Listing of new tokens

We have listed new tokens on our exchange and will be announcing the list of tokens soon

L2 Limit order progress

The backend design for the limit order feature has been completed. Very soon you will be able to place limit orders on Tokenlon on layer 2

Optimisation of the “Market” tab

Design for the new UI has been completed

Twitter whale bot is launched

We have set up a whale alert for big transactions happening on Tokenlon! This will help inform you of what your next trade should be like on Tokenlon

Trade mining phase 9 has ended

Total rewards for phase 9 of trade mining is 1,375,941.72 LON, an increase of 24.48% from phase 8. Please claim your trade mining rewards here if you have not done son

Marketing & Community

Tokenlon $1M bounty program launch

The first batch of bounty tasks has been launched! Find out more about our bounty program here

Tokenlon SDK promotion

We are still in discussion with various partners to integrate Tokenlon’s volume and will announce any partnerships that have been secured

Opera Wallet airdrop campaign

We are working with Opera wallet on a marketing campaign to introduce Tokenlon to their users! Please stay tuned on this campaign

Ensuring accuracy of numbers on data platforms

We are working with Defillama, CoinGecko and TokenTerminal to ensure data for LON and Tokenlon is accurate

Tokenlon Statistics

With Ethereum gas fees being relatively lower, trading volume, number of trades and the number of trading users have increased from the past two weeks.

Launching layer 2 limit order in the first half of this year should help lower the fees further, helping Tokenlon increase trade volume.

LON Statistics

As mentioned previously, the first phase of team vesting for LON has ended. The team has decided to allocate the released tokens to the staking pool instead. With this, 66.5% of LON in circulation is staked. Please find the other data below.