## What Is Tokenlon Network Token (LON)?

LON is a utility token that aligns ecosystem stakeholders and incentivize the expansion of the ecosystem.


### Who Are the Founders of LON?

Tokenlon is a decentralized exchange and payment settlement protocol based on Ethereum blockchain technology. It currently powers Tokenlon DEX, a decentralized exchange and payment settlement protocol which aims to provide a secure, reliable and seamless trading experience to the masses.


#### What Makes LON Unique?

LON tokens have the following two main use cases:

Fee discount: Tokenlon currently charges a standard 0.30% fee for most transactions. By holding LON, users can get corresponding fee discounts based on the number of tokens held.

Governance: LON will give the community the right to participate in the governance of Tokenlon. LON holders can improve Tokenlon by initiating Tokenlon Improvement Proposal (TIP) proposals and voting, such as determining the use of the treasury, fee parameters, buyback parameters, supporting assets, product features, etc.


#### How Many Tokenlon Network Token (LON) Are There in Circulation?

There was around 110 million LON in circulation as of December 2020. The maximum supply is set at 200 million LON.


### How Is the Tokenlon Network Token Secured?

The full smart contract code of Tokenlon and the LON token itself can be found verified on-chain. Use for example Etherscan to read the code: 

[https://etherscan.io/address/0xdc6c91b569c98f9f6f74d90f9beff99fdaf4248b#code](https://etherscan.io/address/0xdc6c91b569c98f9f6f74d90f9beff99fdaf4248b#code)

[https://etherscan.io/address/0x8d90113a1e286a5ab3e496fbd1853f265e5913c6#code](https://etherscan.io/address/0x8d90113a1e286a5ab3e496fbd1853f265e5913c6#code)

[https://etherscan.io/address/0x11be6f5520fee8e867e20af9c9d2c8a09b909b83#code](https://etherscan.io/address/0x11be6f5520fee8e867e20af9c9d2c8a09b909b83#code)

[https://etherscan.io/address/0x0000000000095413afc295d19edeb1ad7b71c952#code](https://etherscan.io/address/0x0000000000095413afc295d19edeb1ad7b71c952#code)


### Where Can You Buy Tokenlon Network Token (LON)?

LON is available on Tokenlon, Uniswap and many other exchanges

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