# Tokenlon

> Aggregate optimal prices, deliver reliable experience

Tokenlon is a decentralized exchange protocol that lets users swap tokens at optimal prices by aggregating quotes from professional and automated market makers.

Tokenlon is a decentralized exchange and payment settlement protocol deployed on Ethereum and Arbitrum. Users can swap tokens at guaranteed prices through an RFQ model that aggregates professional market maker and AMM liquidity, place limit orders at custom rates, and stake LON tokens for governance rights and fee discounts. The protocol supports gasless trading, removing the need to hold native gas tokens for swaps.

- 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 routing trades through Professional Market Makers and on-chain Automated Market Makers via off-chain quotation and on-chain settlement. The protocol aggregates liquidity from multiple sources to select optimal trading venues, supporting gasless instant swaps, fee-free limit orders across multiple networks, and LON token staking with xLON certificate issuance. Smart contracts handle atomic token exchanges via an RFQ model that streams real-time price quotes from market makers. (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 paying reduced trading fees and voting on governance proposals on Ethereum and Arbitrum. The protocol uses a buyback mechanism where collected fees repurchase LON from the open market, distributing proceeds to stakers and the community treasury. (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