# Tokenlon

> Aggregate optimal prices, deliver reliable experience

Tokenlon is a decentralized exchange protocol. It lets users swap tokens at prices aggregated from professional and automated market makers, without needing gas tokens.

Tokenlon is a decentralized exchange protocol that aggregates prices from professional market makers and automated market makers. It lets users swap tokens without holding gas tokens and place limit orders at target rates. Quotes are produced off-chain and trades settle on-chain.

Market makers stream quotes, and each trade is routed to the best available price through a request-for-quote model. Traders receive LON as a subsidy toward gas costs on successful swaps. LON holders can stake the token for governance rights and lower trading fees.

Instant swap is the flagship, with limit orders and LON staking alongside it. Tokenlon is used by traders, wallets that integrate it, and professional market makers.

- Type: Protocol
- Sector: Finance
- Status: Active
- Founded: 2019-01-01
- Profile: https://thegrid.id/profiles/tokenlon

## Products

- [Tokenlon](https://thegrid.id/profiles/tokenlon): Tokenlon is a DEX aggregator that routes trades through professional market makers and automated market makers. Instant swap uses off-chain quotes with on-chain settlement and covers gasless swaps for users without gas tokens. Limit orders fill at target rates without a fee. LON staking gives governance rights and lower trading fees. (DEX Aggregator, Live, Main Product)

## Assets

- [Tokenlon Network Token (LON)](https://thegrid.id/profiles/tokenlon): LON is the utility token of Tokenlon. It is used for governance voting, staking, and lower trading fees, and traders receive it as a subsidy on successful swaps. (Utility)

## Links

- [Main](https://tokenlon.im)
- [Documentation](https://tokenlon.gitbook.io/docs/docs.en)
- [Whitepaper](https://tokenlon.im/files/Tokenlon-litepaper_en-us.pdf)
- [Blog](https://tokenlon.im/blog)
- [Forum](https://forum.tokenlon.im)
- [Governance](https://snapshot.org/#/tokenlon.eth)
- [Media Kit/branding](https://tokenlon.im/brand)
- [Twitter / X](https://x.com/tokenlon)
- [Discord](https://discord.com/invite/CETmm86ueM)
- [GitHub](https://github.com/consenlabs/tokenlon-contracts)
- [Medium](https://tokenlon.medium.com)

## Legal

This data is provided under two licensing models.

Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation.

Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
- The Grid does not provide investment, legal, or tax advice, and
- a project's presence in The Grid's data does not imply endorsement.


- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP