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Tokenlon is a decentralized transaction payment settlement protocol based on the blockchain network.
LON is an application token issued by Tokenlon. The full name is Tokenlon Network Token. It is used to motivate all parties involved in the network ecology to ensure that all parties can participate and work together to promote the development of the ecology.
Uses of LON:
Incentives: Reward Tokenlon trading users and ecological builders;
Transaction discounts: LON holders will receive discounts on handling fees;
Governance: LON will empower the community to participate in Tokenlon governance rights, the opening time of the governance module and the execution rules will be announced later.
Tokenlon is a decentralized transaction payment settlement protocol based on the blockchain network. It upholds the characteristics of the blockchain decentralized network:
● No permission: anyone, anywhere, can access and use without permission;
● Zero trust: get rid of third-party trust based on smart contracts, transparent and safe ;
● Censorship-resistant: unstoppable cryptocurrency-based value transfers;
● Robust: 7x24 non-stop, no single point of operation.
With the innovative development of decentralized financial protocols (DeFi), we have seen the gradual formation of money markets, lending markets, trading markets, payment networks, insurance markets, derivatives markets, etc. in the blockchain network. However, various protocols are still evolving, and there are also problems of product experience differences and liquidity fragmentation among different protocols. Thanks to the open, programmable, and composable features of smart contracts, Tokenlon will integrate various mature financial protocols across networks, and build a global settlement protocol layer on top of it. Tokenlon will serve as the infrastructure for application-side transactions and payments, and work with ecological partners to create a robust and rich global financial market. We hope to provide developers with a globally unified and standardized access interface through community co-construction, and provide users with an easy-to-use operation interface, so that everyone can use open financial services freely and equally.