It has been a busy week at Tokenlon, as we bring you new product developments and campaigns.
Let’s look at this week in review!
- EIP-1559: Our team is preparing for the launch of EIP-1559 and are currently working on the product design for this update
- Tokenlon Website Improvements: We are currently working on improving our website to make it more intuitive for you
- Phase 6 of Liquidity Mining: We have started a new phase of liquidity mining! Earn from a pool of 700,000 LON by providing liquidity to the LON/ETH or LON/USDT pool. Phase 6 started on 19th August and will end on 14th October 4:00 UTC
- New user campaign: Are you a new Tokenlon user? Complete one trade within one month of sign-up and stand a chance to win 100 LON! We will select one winner amongst new users who executed a trade in the first month
Overall, the market has continued on an upward trend, with BTC and ETH prices increasing by 5-6%. However, the exchange volume for DEXs has dropped by 15% and Tokenlon is no exception.
Tokenlon Ecosystem Statistics
Let’s take a look at some statistics for now. Trading volume for this week has dropped to $252,974,596.59, in line with the industry trend. Transaction fees before distribution stands at $8,869,648.89.
While this downward trend is worrying, we are tackling this issue by focusing on improving the user experience via our product and branding.
We want to take this chance to assure you that the team is working to become a DEX that continues to grow regardless of industry trends.
Additional statistics for LON holders
- For our LON stakers, returns have increased to 45.60%
- Total LON staked stands at 19,125,203.37 LON
- Amount of LON staked and used for liquidity mining is at 57.4%
Product & Tech Updates
- Tokenlon website upgrade
- Resolve issues brought up by users
- Optimise market-maker process
- Buyback and redistribution of LON batch two
- Planning of overseas expansion work
- Planning to engage the community (AMA, survey, campaigns etc.)
Plans for next week
- Tokenlon monthly report for August
- EIP-1559 launch product update
- Marketing campaigns for our international community
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.