Tokenlon Weekly (2022.05.13–05.20)
Dear user,
After a week of volatility following the LUNA and UST crash, markets have relatively stabilized this week. Both BTC and ETH are currently hovering around $30,000 and $2,000 respectively.
Tokenlon
DEX volume across the board has dropped by 61% and Tokenlon is affected by this. As market sentiments continue to be more bearish, lower trade volume may continue. Please trade with caution.
LON
Buyback continues to be high, with 263,000 LON bought back this week. APY for this month is at 44.89%
Product & Tech
Limit Order Progress
- We are starting penetration testing on the Arbitrum testnet
- Smart contracts have entered the first round of review and bugs are resolved
Improvements To Tokenomics
- We are analyzing the buyback and staking numbers, to maintain consistency in Tokenlon’s revenue received
- In addition to buyback and staking, we are working towards launching veLON, a new governance mechanism for the platform. More updates will be shared with you once it’s been finalized
Marketing Campaigns
Mystery Gift Box Campaign
All rewards have been (or are in the process of being) distributed! Thank you to everyone who has participated and please look forward to future campaigns.
L2 Limit Order Promotion
We are reaching out to different partners on the Arbitrum network to bring you a trading campaign on launch day! More details will be announced soon.
Important Risk Warning
- LON token contract address:
0x0000000000095413afC295d19EDeb1Ad7B71c952 - Beware of scams!
Tokenlon,
2022.05.23
Contact us
Notes
Digital Assets are highly volatile and unpredictable. Please do your research before trading.
