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The Tokenlon's Overview on its LON Cryptocurrency

This article gives a quick Tokenlon overview. It discusses its native cryptocurrency the LON. The text also informs the reader of the many exchange platforms that they can trade LON on.

In addition to that, it educates readers on how they can purchase LON in the crypto-verse. It is in consideration that one cannot purchase it directly using fiat currency.

Besides the above, the article will also mention the reviews Tokenlon has received from its customers. It will also enlighten readers on the current worth of the LON/USD in the crypto-verse.

A brief description of Tokenlon’s token LON

LON is a cryptocurrency developed by Tokenlon, a decentralized payment, and exchange. The Tokenlon company is based on ERC-20 blockchain technology. If you happen to be a holder of LON, then you should know that you possess the power to rule and make some significant decisions about Tokenlon’s governance. It is because Tokenlon gives society the right to vote on important matters.

Besides having governance rights, LON holders also enjoy low transaction rates since the company awards LON holders a fee discount. According to the coinmarketcap, the LON token had a circulation of 110 million by end of 2020.

Review on Tokenlon exchange platform

According to the revain.org review on Tokenlon exchange platform, the exchange platform started as a competitive exchange platform. It provided all the features that customers found to be helpful and attractive. In addition to that, the exchange charged a low rate of 0.3% for transactions carried out on their platform.

The customers also stated that the platform used to have an attractive user interface. However, when the exchange made an update, things turned for the worst. To start with, the appearance of the site became dull and slow. Customers signing in to the exchange said it took a long time before the page fully loaded.

In addition to that, most of the reviews on Tokenlon felt that the exchange wasn’t trustworthy. It is because the exchange had little to no information about them online.

Where to buy LON/USD

LON crypto is available on numerous sites. However, one cannot buy LON directly using fiat currency. One must first exchange fiat currency for an altcoin, in this case, Ethereum.

It will be advisable to select an exchange that supports a lot of fiat money. The following are some exchanges that you can buy LON/USD from:

• Kucoin
• Gate.io
• Tokenlon
• Hotcoin global
• ZBG
• OKEx
• Uniswap

How to buy LON/USD

As stated earlier, you cannot buy LON using fiat money directly. You will first have to exchange it with crypto before acquiring LON. The following is is a step-wise process of acquiring a LON token:

1. Registering to fiat to a cryptocurrency exchange platform

You will comply with all the KYC requirements that the account requests. It is private information used to identify only the user.

2. Purchase an ERC-20 token

After the registration process, you will add a payment method. You will link your bank or credit/ debit card to your account. The cards will attract a higher transactional charge compared to the bank.

3. Transfer the ERC-20 token to an altcoin platform

After acquiring Ethereum tokens, you transfer them to an exchange that supports LON. In this case, an altcoin exchange will be suitable.

4. Deposit Ethereum to the exchange

Once the transfer process is over, deposit the Ethereum you will use to acquire the LON token.

5. Acquire the LON token

Having done everything needed you can now click the buy LON button and complete the purchase process.

6. Store the LON token in secure cold wallets

After purchasing the LON tokens, it is advisable to transfer them to a secure location to avoid theft. Most people usually transfer their coins to wallets that are quite secure. Only the owner can access them.

Current price projections of LON/USD

The live LON token price today, 3rd December 2021 is USD 1.86. A quick Tokenlon overview reveals that the token had a trading volume of USD 5,191,850. It is a 0.07% increase in the previous 24 hours. As per the coinmarketcap, the LON token has a market capitalization of USD 77.1 million with a circulation supply of 41,531,636 LON.

However, according to the coin gecko platform, the LON/USD has a live price of USD 1.86 with a market capitalization of $46,959,312 and a trading volume of $1,240,634.

Summary

As seen from the text above, LON is a native token of the Tokenlon exchange platform. It is a payment and settlements protocol. The article also informs us that LON holders have governance powers since the Tokenlon platform gives them the right to vote on important issues.

An individual can trade and acquire LON from the following exchange platforms:

• Kucoin
• Gate.io
• Tokenlon
• Hotcoin global
• ZBG
• OKEx
• Uniswap

In addition to the above, the text also states that an individual has to exchange fiat money for Ethereum. It will be later be used to acquire LON on an altcoin exchange platform.

The article also indicates that the live LON token price as of 3rd December 2021 is USD 1.86. At the same time, the token had a trading volume of USD 5,191,850 with a 0.07% increase in the previous 24 hours. As per the coinmarketcap, the LON token has a market capitalization of USD 77.1 million with a circulation supply of 41,531,636 LON.

However, according to the coin gecko platform, the LON/USD has a live price of USD 1.86 with a market capitalization of $46,959,312 and a trading volume of $1,240,634.

From all of the information above, we see that you should do detailed research on cryptocurrency before investing to avoid losses or dealing with untrustworthy exchanges.