How to buy Tokenlon (LON) in the UK

Where to buy Tokenlon in the UK

It looks like LON may not be available to purchase on an exchange in the UK.

You can still purchase LON by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

How to purchase LON using a decentralised exchange.

1. Find LON on a decentralised exchange and make sure Tokenlon can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
2. Buy ETH to trade for LON using an exchange like CoinJar. You will need to purchase enough ETH to swap for LON as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
4. Trade ETH for LON on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
5. Wait for the transaction to finalise and the LON tokens will arrive in your wallet.
6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the UK.

Best Tokenlon wallets to store your LON

You can keep your LON on the exchange you purchased it on, or move it to a personal wallet:

• Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
• Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your LON below.

Recent Tokenlon developments

January 2022: Tokenlon announced a partnership with Unstoppable Domains, celebrating the event by dropping a free NFT to all LON holders.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is Tokenlon a good investment?

Before investing in Tokenlon, here are some of the factors to consider:

• Supply. The maximum supply of coins will have an impact on the price because an increased supply of coins can erode the value of the token. LON’s maximum supply is capped at 200 million and 130 million of them are allocated to the community. According to the Tokenlon “lightpaper”, the 130 million LON will be distributed in two phrases, while the 70 million LON that belong to Tokenlon’s team, other stakeholders and the development reserve will be released over 2 years.
• Trade fee discount. As a LON holder, one of the main benefits is that you are entitled to a trading fee discount of up to 66%. For example, if you’re not a LON holder, you will pay a trade fee of 0.30%, but if you hold 5,000 LON, you only pay 0.20%.
• Buyback. Net fees collected by Tokenlon are used to buy back LON, which is then returned to the treasury and staking reward pool. Until LON reaches the maximum capacity, each buyback is designed to trigger the mining of more LON, which are then distributed to mining participants.
• Staking. As a LON holder, you will be able to access fee discounts and governance rights by staking your LON (locking away your LON rewards).

Today's Tokenlon price versus ATH

Compare today's price of Tokenlon ($0.496252 USD) against its all-time-high price of $9.81 USD on 30 January 2021. The closer the bar is to 100%, the closer LON is to reaching its ATH again.

How to trade, convert or sell Tokenlon

You can convert or sell your LON with the same exchange you bought it through:

1. Sign in to the exchange you have LON on.
2. If you store your Tokenlon in a digital wallet, compare crypto exchanges to convert or sell it on.
3. Choose Sell or Convert and place a sell order.
4. Choose the amount of LON you'd like to convert or sell.
5. Confirm the sell price and fees and close your sale of Tokenlon.
6. Complete your transaction and move your LON to a wallet for storage.

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.