Tokenlon Network Token LON

What is LON?
LON (Tokenlon Network Token) is an application token issued by Tokenlon, designed to incentivize participants within the Tokenlon network ecosystem and ensure collaborative efforts to drive its growth.

Basic Information about LON

• 

  Token Name: Tokenlon Network Token

• Contract Addresses:

• Ethereum: 0x0000000000095413afC295d19EDeb1Ad7B71c952

• Arbitrum: 0x55678cd083fcdc2947a0df635c93c838c89454a3

• Token Type: ERC-20

• Total Supply: 200,000,000

How is LON Allocated?

The total supply of LON is capped at 200,000,000 tokens, distributed as follows:

• 130,000,000 LON: Allocated to the community through the LON Incentive Plan (LIP).

• 49,680,000 LON: Allocated to the core team.

• 10,320,000 LON: Allocated to stakeholders.

• 10,000,000 LON: Reserved for development funds.

To encourage community participation, the LIP will be implemented in two phases to distribute the 130,000,000 LON. Meanwhile, the 70,000,000 LON allocated to the team, stakeholders, and development funds will undergo a two-year linear unlock after the token becomes liquid.

What is LON Used For?

LON serves two primary purposes:

1. Fee Discounts:

• Tokenlon currently charges a standard 0.30% fee for most trades.

• By holding LON, users can receive discounts on fees based on their holdings.

2. Governance:

• Treasury fund usage

• Fee parameters

• Buyback mechanisms

• Supported assets

• Product features

• LON grants the community the right to participate in Tokenlon’s governance.

• Holders can propose Tokenlon Improvement Proposals (TIPs) and vote on key decisions, such as:

LON Governance

As an application token, LON is designed to incentivize ecosystem participants and empower the community to collaborate in driving Tokenlon’s growth. By the fourth week of LON mining, over 28,000 users had received a total of 4 million LON in allocations.

Given the expanding LON community, the team has introduced pre-governance via Snapshot, inviting the community to participate in project decision-making. Governance permissions will be gradually decentralized, allowing for a more inclusive and democratic ecosystem.