Tokenlon
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Tokenlon

Tokenlon Weekly (2022.06.10–06.17)

This week’s liquidation cascade in the DeFi lending market, interest rate hikes, and deleveraging across the board have caused ETH fall 37.9% in the past week to as low as $1030.11. BTC dropped by 29.9% to as low as $20216.09, and continued to decline after a dead cat bounce. ETH was quoted at $1,111.34 and BTC was quoted at $21,095.04. A reminder that the cryptocurrency market is volatile and a high risk investment. Please remember to manage your risks.

Tokenlon

The trading volume of Tokenlon this week exceeded 100 million USD, an increase of 49.50% from last week. The trading volume was $111,092,106.47, the number of weekly trading addresses was 1,489, and the number of transactions was 3,201, up 47.43% and 50.35% respectively. The current fee balance is $1,361,579.27.

LON

The buyback of LON has exceeded 10 million in total! 10,183,122.86 LON to be exact. The current circulation is 74,303,225.71 LON, with 48,929,612.59 LON pledged, accounting for 65.8% of the total. AMM liquidity pool is at 6,976,382, accounting for 9.3% of the total, which accounted for more than 74.6%.

Product & Tech

Limit Order

Improved Limit Order risk management system

  • Added blacklist pending order verification to prevent system abuse
  • Disabled order placing for insufficient balance to reduce the possibility of an attack
  • Improved visualization of tokens list
  • Access to Sushiswap liquidity pool , to improve the liquidity of Limit Orders
  • Increased token price update frequency to ensure that when the market fluctuates greatly, users will still be provided with accurate market prices

Marketing & Community

Limit Order

  • Staging Test in progress
  • 2nd batch of Limit Order tokens completed, providing access to more tokens
  • Completed Limit Order tutorials
  • Limit Order is listed on Arbitrum Announcements
  • KOL marketing promotions, timeline, and budgeting etc
  • Limit Order internal closed beta in progress, with 11 beta testers. If you are interested in taking part, please contact us on Discord.

HOPR event

  • The HOPR joint campaign ended on 12:00 noon, June 14th, and the transaction rewards have been distributed. Users who participated in the various campaigns can check their wallets for the rewards.

veLON economic improvements

  • Internal review & adjustments pending

We will enter the final sprint of the Limit Orders function this week, as well as finalization of marketing works for said function.

Important Risk Warning

Tokenlon,

2022.06.17

Contact us

Notes

Digital Assets are highly volatile and unpredictable. Please do your research before trading.

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