How to buy Tokenlon (LON) in Australia
Learn how to buy Tokenlon (LON) easily by following a step-by-step guide and compare 10+ crypto exchanges.
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How to buy Tokenlon
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Tokenlon.
- Open an account on an exchange that supports LON.
Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Tokenlon.
- Buy Tokenlon.
Complete your Tokenlon purchase and then find the best wallet to store LON.
What is Tokenlon?
Tokenlon Instant Exchange is a decentralised cryptocurrency exchange based on blockchain technology. It provides real time quotes which means users can get satisfactory trading pair prices. Tokenlon is an instant exchange meaning during the exchange process, the token will not leave your cryptocurrency wallet and the exchange will be completed in the blockchain through the smart contract.
LON is a utility token issued by Tokenlon and is used to encourage participation and expansion in the Tokenlon system. There are two main benefits for being LON token holders. First, by holding LON users can get fee discounts based on the number of tokens held. Currently, Tokenlon users pay a standard 0.30% fee for most transactions. Second, LON holders can participate in the governance of tokenlon. They can initiate Tokenlon Improvement Proposal (TIP), determine the use of the treasury, fee parameters, buyback parameters and other product features.
Tokenlon (LON) is the 788th largest cryptocurrency in the world by market cap, valued at $31,887,617. The current price of Tokenlon is $1.25, which is -3.122% lower than yesterday. Prices have ranged between $1.3 and $1.26 over the past 24 hours. All prices are listed in US dollars and accurate as of January 18, 2022 01:01 UTC.
Where to buy Tokenlon
Find an exchange to buy, sell and trade LON by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Tokenlon at a glance
|Total LON supply||115,398,679|
|All time high||US$9.81|
|Notable team members||Ben He|
|Token uses||Utility token|
Tokenlon price performance over time
How to sell Tokenlon
You can cash out your LON with the same exchange you bought it through:
- Sign in to the exchange you have LON on.
If you store your Tokenlon in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of LON you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Tokenlon.
What to consider when buying TokenlonBefore investing in Tokenlon, here are some of the factors to consider:
- Supply. The maximum supply of coins will have an impact on the price because an increased supply of coins can erode the value of the token. LON’s maximum supply is capped at 200 million and 130 million of them are allocated to the community. According to the Tokenlon “lightpaper”, the 130 million LON will be distributed in two phrases, while the 70 million LON that belong to Tokenlon’s team, other stakeholders and the development reserve will be released over 2 years.
- Trade fee discount. As a LON holder, one of the main benefits is that you are entitled to a trading fee discount of up to 66%. For example, if you’re not a LON holder, you will pay a trade fee of 0.30%, but if you hold 5,000 LON, you only pay 0.20%.
- Buyback. Net fees collected by Tokenlon are used to buy back LON, which is then returned to the treasury and staking reward pool. Until LON reaches the maximum capacity, each buyback is designed to trigger the mining of more LON, which are then distributed to mining participants.
- Staking. As a LON holder, you will be able to access fee discounts and governance rights by staking your LON (locking away your LON rewards).
Coins similar to Tokenlon (LON)
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Disclaimer: Cryptocurrencies, including Tokenlon, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of LON is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Tokenlon or any other cryptocurrency discussed.
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