xLON Is Now Listed on WePiggy, pxLON Mining Pool Is Enabled!
About xLON
Risk Assessment
Tokenlon is a decentralized exchange and payment settlement protocol based on blockchain technology.
LON is a utility token issued by Tokenlon, used to align all parties involved in the ecosystem and incentivize participation and expansion of the ecosystem.
Stake LON to obtain xLON tokens as staking certificates that capture staking rewards. The value of xLON increases in proportion with distributed staking rewards. This makes the exchange ratio between xLON and LON continue to rise and xLON : LON ≥ 1.
xLON Smart Contract Risk: B-
LON was deployed in December 2020, nearly 400,000 transfers till now, the latest public audit reports are provided by PeckShield.
xLON Counterparty Risk: B
LON is non-custodial and open source, with around 50,000 holders, hence presents low centralisation risk.
xLON Market Risk: C+
Since the launch of LON, the price has experienced a surge. Due to the downturn of the entire crypto market, it has now fallen back. With the smooth operation of the xLON mechanism, its price gradually stabilized.
Compared with its lower market capitalization, LON has good liquidity in both CEX and DEX, which is very important, which will help it to be recognized and held by a wider range of users in the future.
xLON Market Overall Rating: B-
Risk Parameters
Borrow&Deposit Rate Curves
Mining Pool Adjustment
According to the deposit/borrow incentive factor: 4/6, so the BorrowPool weight is 9600.
The weight for each asset in BorrowPool as follow:
Introduction of xLON Deposit/Borrowing Mining Process
Deposit Mining Process:
1. In Tokenlon, stake LON to get xLON
2. Deposit xLON into WePiggy’s xLON market and get pxLON
3. Stake pxLON in WePiggy’s mining pool, then you can earn the deposit mining rewards
Borrowing Mining Process:
Borrow xLON tokens in WePiggy’s xLON market, then you can earn the borrowing mining rewards
