Question 1

How does Tokenlon work?

Accepted Answer

Tokenlon utilizes a decentralized exchange model that allows users to trade directly from their wallets without needing to deposit funds. The platform uses an off-chain quotation and on-chain settlement system to ensure users receive the final price before executing a swap. This architecture prevents front-running and trade collisions, providing a secure and efficient trading experience.

Question 2

Is Tokenlon a secure platform?

Accepted Answer

Yes, Tokenlon is designed with security in mind, allowing users to maintain full control over their assets since no deposits are required. The platform employs smart contracts for atomic swaps, ensuring that trades are executed reliably and that users do not lose tokens if a transaction fails. Additionally, its architecture minimizes risks associated with front-running and other common vulnerabilities found in traditional exchanges.

Question 3

How to use Tokenlon?

Accepted Answer

To use Tokenlon, users should access the imToken wallet app and navigate to the "Market" section where they can find the Tokenlon module. Users can select the tokens they wish to swap and specify the amount, after which they will receive real-time price quotes from market makers. Once satisfied with the price, users simply click "trade" to execute the transaction directly from their wallets.

Question 4

What services does Tokenlon offer?

Accepted Answer

Tokenlon offers a decentralized trading platform where users can perform token swaps without transferring assets out of their wallets. It aggregates liquidity from various market makers to provide competitive pricing and supports a wide range of ERC20 tokens for trading. Additionally, Tokenlon features gasless transactions for certain trades, enhancing user convenience and reducing costs.