Tokenlon FAQ Tokenlon 常见问题

What is Instant Exchange?

Tokenlon Instant Exchange is a real-time trading decentralized currency exchange system which based on Ethereum Smart Contracts(0x protocol) . It’s main advantages:

  • During the exchange process, the token will not leave your wallet and complete the exchange in the blockchain through the smart contract.
  • Real-time quotes, providing users with satisfactory trading pair prices, better than other DEXs, even centralized exchanges.
  • Trade price equals What You See Is What You Get

Tokenlon Instant Exchange like a 24-hour unattended ATM, users can do faster, better, and more currency exchanges with a simple operation.

Instant Exchange FAQ

1. What are the features of Tokenlon Instant Exchange

  • Supports RFQ and AMM dual-mode quotation, provide users with competitive exchange prices

  • No need to deposit and withdraw, you can complete the token exchange within the wallet

  • Supports adjusting the transaction slippage, the transaction process is safe and easy

  • You can set the receiving address, “Exchange + Transfer” in one transaction

  • The success rate is much higher other DEX

2. How does the Tokenlon Instant Exchange fee be charged?

Currently, 0.3% of trade amount is charged for each Instant Exchange

3. Which currencies does Tokenlon Instant Exchange support?

Currently, Tokenlon supported tokens are ATOM, DAI, ELF, EOS, KNC, MANA, PAX, SNT, TUSD, USDC, USDT, ZRX

We will continue to add new trading pairs, please be patient.

4. Does the Tokenlon Instant Exchange has the trade amount limit?

Trade amount limit: The current Instant Exchange limit is 300 ETH for each instant exchange, and the subsequent increase will be based on user demand

5. What does the status bar display green/yellow/red ?

Green: the exchange quotation can be updated in time and can be traded normally

Yellow: the exchange quotation cannot be updated in time, please wait for the quotation to be updated

Red: the exchange has no quotation and cannot initiate the trade

6. Is the Tokenlon transaction deal with immediately?

The Tokenlon Instant Exchange occurs on-chain, so the transaction time depends on the speed of the Ethereum network. Most trading transactions are completely within 60s

7.Will there be a slippage during the transaction?

Currently Tokenlon supports both RFQ and AMM quotation. If the user’s current order corresponds to an AMM quotation, there will be transaction slippage. Tokenlon supports adjusting the transaction slippage. Users can set an acceptable slippage range. Only when the transaction result is below the slippage, will the transaction be executed.

8. Why do I need allowance authorization?

The purpose of the authorization is to allow the smart contract of the Tokenlon Instant Exchange to get the transfer permission of the token, and complete the token exchange after the user initiates the transaction

When using Tokenlon Instant Exchange, exchanging ETH to other tokens does not require authorization, but using ERC 20 tokens to exchange, authorization is needed

9. Why do I need to pay miner fees for each transaction?

The Tokenlon Instant Exchange occurs on-chain. So you should pay miner fees to send a transaction.

10. Do I need to recharge assets to Tokenlon during the exchange?

Unlike a centralized exchange, Tokenlon Instant Exchange trading tokens do not require recharge/withdraw operations. You can use your wallet assets to exchange in Tokenlon directly

11. Why the price looks like a little worse than centralized exchange?

In order to increases liquidity, Tokenlon accessing multi-market maker, while also increasing the competitiveness of quotes, providing users with satisfactory trading pair prices, better than other DEXs, even centralized exchanges.

Actually, taking into account the trading fee, the recharge/withdraw fee, and the time cost of the recharge/withdraw from centralized exchange, the prices of Tokenlon Instant Exchange is better than centralized exchange

12. How do I find my trading history?

Go to the Tokenlon Instant Exchange page, click the “…” button in the upper right corner and select Transaction Records to view it

13. Does Tokenlon Instant Exchange support the K line?

Currently, Tokenlon Instant Exchange only displays the historical exchange rate (trade price) of the trading pair, and does not support the K line

14. I want to apply for a token at the Tokenlon Instant Exchange. What should I do?

Currently, Tokenlon Instant Exchange does not support the project team to apply for it

Why need allowance authorization?

Tokenlon is based on Ethereum Smart Contracts for atomic currency exchange. During the exchange process, the token will not leave your wallet and complete the exchange in the blockchain through the smart contract.

The purpose of the authorization is to allow smart contract of Tokenlon to get the transfer permission of the token, and complete the token exchange after the user initiates the transaction. You cannot use Tokenlon for currency exchange without authorization.

Authorized operation steps:

  • Turn on the authorization switch
  • Send authorization transaction
  • Waiting for the transaction success
  • Token authorization completed

Note

  1. When using Tokenlon, exchanging ETH to other tokens does not require authorization, but using ERC 20 tokens to exchange, authorization is needed.
  2. Authorization operation does not affect user asset security.

什么是滑点?

滑点,一般指真实的成交价位与预设的成交价位间出现偏移的数量。

使用 Tokenlon 为什么需要授权?

Tokenlon 是基于以太坊智能合约的原子币币兑换系统,在兑换过程中,代币不会离开你的钱包,通过智能合约在区块链中完成原子交换。

授权的目的就是让 Tokenlon 的智能合约获得代币的转账权限,在用户发起交易后完成代币兑换。如果不授权就无法使用 Tokenlon 进行币币兑换。

授权操作步骤:

  • 打开授权开关

  • 发送授权交易

  • 等待交易成功

  • 代币授权完成

注意

  1. 在 Tokenlon 中,ETH 兑换其他代币无需授权,使用 ERC20 代币兑换,需要授权

  2. 授权不会影响用户资产安全

什么是 Tokenlon 的闪兑功能?

‌闪兑是 Tokenlon 旗下基于 0x 协议实现的「即时交易」去中心化币币兑换系统。它的主要优势在于:

  • 支持 RFQ 与 AMM 双模式报价,为用户提供有竞争力的兑换价格

  • 无需充币提币,在钱包即可完成代币兑换

  • 支持设置交易滑点,交易过程安全又省心

  • 可设置收款地址,链上交易一步到位

  • 领先的交易成功率,远远超过其它 DEX

闪兑就像一个 24 小时无人值守的 ATM 机,用户通过简单操作,就可以进行多、快、好、省的币币兑换。

Tokenlon 闪兑功能常见问题

3 Likes

Imtoken please list like in tokenism exchange

1 Like