Tokenlon Weekly (2022.04.29–05.06)
Dear user,
We are in a volatile Crypto market now. As you will know by now, recent events with the Terra Luna team have shocked markets.
Prices of Crypo have dropped across the board, with BTC and ETH dropping below $30,000 and $2,000 respectively. UST and LUNA token have lost almost if not all of their value.
On our end, we have observed interesting trading activity at Tokenlon recently. Check out this Twitter thread to find out more!
As always, always do your research and mitigate your risks in this volatile market
On to our weekly updates!
Tokenlon
Due to extreme fear in the market, Tokenlon’s trade volume increased by 133.6% this week compared to last week. Average number of trades increased by 40% and was at 3,163 trades.
LON
In this bear market, we find LON holders are more inclined to stake LON. LON amount staked stands at 50,172,198.62 LON and has exceeded 50 Million recently, accounting for 68.4% of tokens in circulation. APY is at 26.71%.
Product & Tech
Trade with no minimum amount requirement on Tokenlon
With the latest imToken 2.10.0 app release, you can now trade on Tokenlon without a minimum amount required.
With this, you can either broadcast transactions onto the network yourself (removing the minimum amount) or allow Tokenlon to broadcast transactions for you (improving the success rate)
Go to the “Market” tab and click on the gear button to adjust the settings.
Limit Order Launch
Testing on the Arbitrum main net has been completed. Soon you will be able to place limit orders using L2, paying zero gas fees.
Marketing Campaigns
Mystery Gift Box Campaign Has Ended
The Mystery Gift Box campaign organized with our partner Unstoppable Domains has just ended! We will announce the list of winners and rewards will be distributed within 7 working days from 13th May PST.
Thank you to all who have participated and please reach out to us on Discord if you have any feedback
Tokenlon Review by Cryptoholics
Check out this review of Tokenlon by Cryptoholics! The review goes in-depth on the merits of our DEX and why we are one of the leading DEX in Asia.
Stay safe in this bear market and we will bring you more marketing campaigns soon!
Tokenlon Team,
2022.05.14
Important Risk Warning, please note
- LON token contract address:
0x0000000000095413afC295d19EDeb1Ad7B71c952
Contact us
Notes
Digital Assets are highly volatile and unpredictable. Please do your research before trading.
