What is Tokenlon? —— DeFi Popular Science Series
What is Tokenlon?
Tokenlon was originally the built-in exchange of imToken wallet, and has now been upgraded to an independent exchange. Users can use it directly in imToken wallet or open it on the desktop through plug-in wallets such as MetaMask.
What's the use of Tokenlon?
Tokenlon is a decentralized exchange based on the 0x protocol. Different from Uniswap and Kyber, Tokenlon adopts a "what you see is what you get" trading model. The price is updated every second based on the market maker's real-time quotation. When you click "Trade Now", the price is locked, and the price you see is yours. The final transaction price.
When the user selects a trading pair, the Tokenlon interface will also provide quotes from other mainstream centralized exchanges (Binance, Huobi) and decentralized exchanges (Kyber, Uniswap) as a price reference to help users understand the market conditions It's clear to the chest.
Is Tokenlon safe?
The Tokenlon exchange code is open source[1] and can be checked, and no governance token has been issued yet.
References
[1] Open source code:
https://etherscan.io/address/0xdc6c91b569C98F9F6f74d90F9BEFF99FDAf4248b#code

