Fees are determined by below two factors:
- Trade fee
- Network gas fee
Trade Fee
- Between stable coins: 0.04%
- Others: 0.3%
Also, the trade fee is dynamically adjusted based on your last 30 days accumulated volume and LON balance.
| Level |
Trade Fee |
LON Balance | 30-Day Cumulative Volume | |
| 0 | 0.30% | < 1 | and | < $30k |
| 1 | 0.29% | ≥ 1 | or | ≥ $30k |
| 2 | 0.28% | ≥ 5 | or | ≥ $50k |
| 3 | 0.26% | ≥ 20 | or | ≥ $100k |
| 4 | 0.24% | ≥ 100 | or | ≥ $200k |
| 5 | 0.22% | ≥ 500 | or | ≥ $500k |
| 6 | 0.20% | ≥ 1,000 | or | ≥ $1m |
| 7 | 0.18% | ≥ 2,000 | or | ≥ $2m |
| 8 | 0.15% | ≥ 5,000 | or | ≥ $5m |
| 9 | 0.10% | ≥ 10,000 | or | ≥ $10m |
Note
- The last 30 days accumulated volume is updated once every hour.
- If you have different tiers of LON balance and 30 days cumulative volume, we will pick the tier that gives you the lowest fees
Different scenarios where fees are incurred
Tokenlon users who trade using the imToken 2.10.0 app version can use tokens aside from ETH to pay for gas fees. This is in the case of scenario 1.
Scenario 2 is for users who are using an older version of imToken app. i.e. below version 2.10.0
| Scenario | Selection Option |
Trading ETH （ETH > Token） |
Trades aside from ETH（Token > Token） |
| Scenario 1 |
Close option to [Pay for gas fees using other tokens] |
User pays for gas fees | User pays for gas fees |
| Scenario 2 |
Open option to [Pay for gas fees using other tokens] |
User pays for gas fees | Tokenlon pays for gas fees |
Scenario 1：Close option to [Pay for gas fees using other tokens]
User pays for gas fees and transaction fees using the ETH in their wallet. Applicable for these trades
- Trading ETH（ETH > Token）or Trades aside from ETH（Token > Token）
Points to note
- When Ethereum gas fees are high, the fees may be higher than your trade amount. In this case, high slippage may occur, please trade carefully
- Users will bear the costs of Ethereum gas fees in the event of failed trades
Scenario 2: Turn on option to [Pay for gas fees using other tokens]
Tokenlon will broadcast the transaction on-chain for the user and pay for the gas fees by deducting from the user’s tokens
- Trading ETH（ETH > Token）
- User will pay for the Ethereum gas fees directly
- Trades aside from ETH (Token > Token)
- Trade fee (Trade amount *Fee %) > Ethereum gas fees
- In this scenario, actual trade fees received by Tokenlon is the difference between trade fee and Ethereum gas fees. i.e Tokenlon uses the trade fee charged to you to pay for the gas fees as well, using the token you are trading for
- Trade fee (Trade amount *Fee %) < Ethereum gas fees
- In this scenario, Tokenlon will not charge you a trade fee. You will only need to pay for the gas fees using the tokens you are trading for
- If the transaction fails, Tokenlon will pay for the Ethereum gas fees, funds from the LON treasury
Point to note
- After turning on the [Pay for gas fees using other tokens] option, Tokenlon will set a minimum trade amount requirement. The minimum trade amount requirement will fluctuate with the Ethereum gas fees. The higher the gas fees, the higher the minimum trade amount required
If you run into any questions or have any suggestions on Tokenlon, you are welcome to join our Discord group and chat with us.
Contact us
Notes
Digital Assets are highly volatile and unpredictable. Please do your research before trading.