- New UI on Tokenlon web
- The new UI is about to be updated and is under acceptance
- Research on new assets listing
- TIP14 will be proposed in the next week
- 4th Tokenlon community meeting
- You can click here to see the video
- May monthly report
- Published, click here to see more details.
The market trading sentiment has declined this week. From the data of various DEX platforms, weekly trading volume has dropped by 48% compared with last week. Since 19th May, the decline in trading volume has been more pronounced.
Data from Dune Analytics
Weekly trading volume and the number of traders on Tokenlon both fell back to $646,569,873.79 and 3,832 respectively. The trading volume and proportion of imBTC kept increasing for two weeks.
LON circulation is 20,440,647.41, almost the same as last week. The number of participants in LON staking and liquidity mining still accounted for 74.5% of the total circulation. Due to the recent increase in LON buyback power, the cumulative number of LON buyback broke 1 million, and the APY (weekly) of staking also continued to rise, exceeding 77%.
The new UI optimization of Tokenlon web is coming to an end. With the upgrading of interaction, the trading experience will be improved. Next week, it will enter the acceptance stage.
In terms of platform risk control, the technical team spent a lot of energy to deal with arbitrage behavior and protect market makers this week. A series of optimizations both on the product and contracts have been completed, and monitoring and alarming of arbitrage orders have been added.
The basic functions of Tokenlon SDK version 5.2.0 have been completed and will be reopened to developers after acceptance.
We are thrilled to announce Tokenlon joined Slowmist and updated our bug bounty program. The specific bounty amount is mainly measured by the severity of the risk. The Critical vulnerabilities are the highest with a bounty of $50,000 in equivalent USD tokens, LON, ETH and stable coins. The reward standards as shown in below:
And you can know more about the bug bounty program by clicking here.
The 4th Tokenlon community meeting was held as scheduled on Thursday. Kai, the head of the Tokenlon core team, introduced the latest project progress to the community, and also disclosed that platform risk control has taken up most of recent efforts in order to prevent the arbitrage.
If you missed the show, you can see the video here.
- The new design of Tokenlon web UI is going to the acceptance stage
- TIP14 - New assets listed on Tokenlon
- Preliminary plan for market maker risk control
- Tokenlon 5.2.0 contract upgrade and back-end transformation
If you run into any questions or have any suggestions on Tokenlon, you are welcome to join our Discord group and chat with us.
Important Risk Warning
- LON token contract address:
- Beware of scams!
Digital Assets are highly volatile and unpredictable. Please do your research before trading.