Tokenlon Network Token (CURRENCY:LON) traded 3.5% lower against the U.S. dollar during the 24 hour period ending at 11:00 AM ET on May 16th. One Tokenlon Network Token coin can now be bought for $4.89 or 0.00010182 BTC on cryptocurrency exchanges. During the last week, Tokenlon Network Token has traded 22.6% lower against the U.S. dollar. Tokenlon Network Token has a market capitalization of $120.17 million and approximately $23.03 million worth of Tokenlon Network Token was traded on exchanges in the last 24 hours.
Here’s how related cryptocurrencies have performed during the last 24 hours:
- Chainlink (LINK) traded 4.9% lower against the dollar and now trades at $41.90 or 0.00087206 BTC.
- Polygon (MATIC) traded 4.3% lower against the dollar and now trades at $1.66 or 0.00003449 BTC.
- THETA (THETA) traded 1.3% lower against the dollar and now trades at $9.68 or 0.00020145 BTC.
- Binance USD (BUSD) traded 0% higher against the dollar and now trades at $1.00 or 0.00002082 BTC.
- DREP (DREP) traded 21% lower against the dollar and now trades at $1.96 or 0.00003398 BTC.
- DREP [old] (DREP) traded down 19.5% against the dollar and now trades at $1.96 or 0.00003399 BTC.
- Aave (AAVE) traded 8.5% lower against the dollar and now trades at $515.26 or 0.01072449 BTC.
- Huobi Token (HT) traded 6.3% lower against the dollar and now trades at $30.77 or 0.00064040 BTC.
- FTX Token (FTT) traded 3.1% lower against the dollar and now trades at $54.47 or 0.00113364 BTC.
- PancakeSwap (CAKE) traded 0.9% lower against the dollar and now trades at $29.90 or 0.00062234 BTC.
Tokenlon Network Token Profile
According to CryptoCompare, “LON is a utility token issued by the Tokenlon DEX, used to align all ecosystem stakeholders and incentivize participation and expansion of the ecosystem. Currently, it’s hard to find the best price as liquidity is fragmented over the whole DEX market. Tokenlon solves this by aggregating multiple liquidity sources, including professional market makers off-chain and automatic market makers (such as Uniswap, Curve) on-chain, automatically selecting the best trading venue for the user. The net fees collected by Tokenlon are used to buyback LON on the open market, and transferred to the treasury and staking reward pool.LON holders enjoy fee discounts and governance rights by participating in the staking. In return, the stakers receive LON as staking reward.As long as the total LON is within the maximum cap, each buyback triggers LON mint, which is used as rewards in the Tokenlon Incentive Plan.LON is held in the treasury pool governed by the community, used to develop and promote the development of the Tokenlon ecosystem.Tokenlon's governance is opened in stages with decision-making power gradually handed over to the community. Participate on Snapshot. “
Tokenlon Network Token Coin Trading
It is usually not presently possible to buy alternative cryptocurrencies such as Tokenlon Network Token directly using U.S. dollars. Investors seeking to acquire Tokenlon Network Token should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Tokenlon Network Token using one of the aforementioned exchanges.
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