Blog

Multi-Collateral Dai: How to update you Dai in the upcoming Multi-Collateral Dai upgrade

Multi-Collateral Dai: How to update you Dai in the upcoming Multi-Collateral Dai upgrade

How to prepare for the upgrade — beginning Monday the 18th — and what to expect from the new multi-collateral Dai in your favorite non-custodial wallet. MakerDAO will officially release Multi-Collateral Dai on November 18th. A milestone in the stablecoin field.  With this upgrade, Dai will support more collateral types and the long-awaited Dai Savings Rate (DSR). The collateral types promises to increase the stability of Dai while making various DeFi applications simpler and more economical. How to prepare for the new Dai? On November 18th, 4:00 PM UTC (i.e. 12:00 UTC+8), your Dai tokens will rename to Sai. From that time on, the token symbol Dai will be used for the new Multi-Collateral Dai. You should: Use migrate.makerdao.com - i.e. MakerDAO Migrate in your imToken’s Browser - to exchange your Sai to Dai If your Dai exists in a third-party application such as Compound, you need to extract it before you can migrate After migrating, you can receive interest on your Dai by locking your Dai into the Dai Savings Rate contract in your imToken Browser on the Oasis DApp. New users can directly get Dai through Maker’s official DApp or other markets: The old Dai is now ‘Sai’ Dai (now: Sai) is the first decentralized stablecoin issued on Ethereum. The single collateral Dai is issued by over-collateralized Ethereum, anchoring 1 Dai to a value around 1 US dollar.  The core mechanism incentivizes creation and destruction of outstanding Dai by adjusting the rate with which Dai is borrowed. However, the single-collateral Dai (Sai) depends on the price of ETH. If there is a black swan event in the market, the short-term sharp decline in ETH price may affect the stability of Dai. The chart shows the price fluctuations of Dai in the past year Introducing multi-collateral Dai Multi-Collateral Dai (now: Dai) is different from Dai (now: Sai) in the following two aspects. Multi-Collateral Dai supports a wider range of crypto as collateral, hence the name Multi-Collateral Dai adds a Dai Savings Rate (DSR): A way to receive interest on Dai that is locked in a smart contract Multi-Collateral Dai uses Auctions and Keepers to prevent both debt and surplus from building beyond certain points Using more collateral types aims to increase the stability of Dai, and helps to offer higher supply. Oversimplified, each collateral token has different price swings, which makes the average more stable than that of just one collateral type. The first collateral types will be ETH and BAT, and new collateral type will be voted in through the MakerDAO governance. By adding the Dai Savings Rate (DSR),the MakerDAO team is adding another governance tool to adjust the behavior of Dai holder. As DSR is interest that Dai holders get by locking Dai, the DSR can influence the price of Dai from the demand side in two ways: If the market price of Dai is below 1 USD, the Dai Savings Rate will increase. This boosts demand, which should increase the market price of Dai up towards the 1 USD target price. If the market price of Dai is above 1 USD, the Dai Savings Rate will decrease. This stifles demand, which should reduce the market price of Dai down towards the 1 USD target price. In addition, the single-collateral Dai uses a clearing mechanism to sell collateral at a discount. For better price discovery, the multi-collateral Dai will use an auction clearing mechanism, thereby reducing the risk of the collateral falling sharply in a short period of time. What you can do with the new Dai 1. Lock Dai to Obtain Interest Any holder can lock Dai into the Dai Savings Rate contract and receive interest.  You can unlock Dai and receive the interest earned from the deposit rate contract at any time. For example, deposit 100 Dai at a deposit rate of 5% per year and withdraw 105 Dai after 12 months.   2. Deposit into the lending market Currently, the DeFi market offers a series of decentralized lending applications. For example, both Compound and Dharma support Dai, and users can deposit Dai into such lending applications to earn interest. At present, Compound locks more than 21 million Dai, with an annualized income of 4.98%. The annualized revenue of Compound will change according to market supply and demand. 3. Leverage Your Collateral There are a couple of tools, such as dydx, that make it easy to invest into ETH with Dai you lend for ETH. However, leveraged trading is a high risk, so please be cautious.   See you on November 18th! 😉  
2019-11-21
Progress Update | 2019/11/12 - imToken 2.4.10, imBTC, imToken’s Club

Progress Update | 2019/11/12 - imToken 2.4.10, imBTC, imToken’s Club

imToken 2.4.10: Even Easier Onboarding The threshold between using the traditional Internet and blockchain is real and high, and the terms ‘public-private key’, ‘Mnemonic’ are confusing to any new user. We can't remove these obstacles for you (yet), but we have paved the way to help you cross the threshold steadily. In version 2.4.10, we optimized the interaction to smooth the onboarding and create a good start for you to understand how to work with blockchain. New user guidance imBTC - A new Bitcoin Over the past ten months, the total value locked in the Ethereum DeFi ecosystem has increased from $274.6M to $616.8M. We are thinking about how to further expand the scale and liquidity of DeFi and find that the best option is to inject the power of BTC into the Ethereum ecosystem. As a result, imBTC came into being.  We hope imBTC can further promote the popularity of DeFi and stimulate the immeasurable potential of this market. Learn more about it here. Introducing imToken’s Club(DAO) As a young team in a young industry, we started a couple of internal clubs, many of which were swarmed as soon as the proposal was issued: CryptoSharing DAO (DAO - Decentralized Autonomous Organization) is a club that encourages blockchain learning and sharing. It encourages people who are willing to share it through the economy, and votes to distribute funds. It is a fork of MolochDAO, which will initially use group voting. Interesting issues we have launched👇 How to get in touch with the blockchain and how to be attracted to it; The complex mechanisms behind bank transfers and the advantages of blockchains; Radical thinking of "radical market". CyclingDAO is a decentralized cycling organization. @outprog spent a day writing a DApp (https://cyclingdao.club/ ), recording the mileage of each rider member, and using it as a monthly reward distribution standard. The more you ride, the more rewards you get. Note: https://github.com/CyclingDAO/contract-fund/blob/master/whitepaper.md  Hiking&MarathonDAO: Shows imTokener's positive life posture through healthy walking and running activities. Climb the surrounding mountains and enjoy the night view of the city. We have climbed ten hills and can climb another hundred. We are a blockchain startup, and we also practice decentralized thoughts in the normal life. For us, blockchain is not only the industry we are engaged in, but also a philosophy of life. Let me guess, you may want to ask "How to join the imToken club" or want to create interesting blockchain projects with us, then imToken welcomes you, 👉 hr@token.im We are waiting for you here :) We shared about our Devcon 5 learnings What is Devcon? It is the Ethereum Developers Conference, and this year's Devcon is held in Osaka. imToken squad sharing after the Devcon, learn a whole lot of knowledge Besides Devcon, we also went to the Dragonfly Matchmaking Day as well as Taipei crosslink conference and the 8BTC conference in Wuzhen, China. .. and onboarded a few new DApps EOSDT(Equilibrium) OTCMaker for Dai USDx  Compound in Chinese DefiSaver in Chinese PoolTogether in Chinese DDEX Margin Castle Move USDE NewPool Oasis Trade ENS multichain support Knight Story Superplayer Infinity Star Bidali - Allows you to buy Starbucks and other gift cards with crypto What’s next? We will embark on a multi-chain highway, there you go.
2019-11-21
imBTC: A new kind of Bitcoin

imBTC: A new kind of Bitcoin

DeFi (Decentralized Finance) is the hottest topic in the blockchain industry in 2019, attracting many technical research and capital. Value locked in Ethereum's DeFi ecosystem has reached a total of $616.8 M from $274.6 M at the beginning of the year, with hundreds of thousands of wallet addresses also participating. This year, we also look at some achievements within the DeFi field: Tokenlon DEX launched a three-month transaction volume of $59,696,279, with 25,000 users, and Tokenlon topped DEX rankings a couple of times. The transfer volume of stablecoins in the past 30 days was $994,722,238, of which USDT (ERC20) accounted for 16% of the whole network. At the same time, the application brings millions of dollars in traffic to DeFi applications such as partners Maker CDP and Compound. Being deeply involved in Ethereum's DeFi ecosystem, you will find that BTC has good liquidity on centralized trading platforms and financial services, while DeFi applications on Ethereum lack of quality liquid assets as collateral. Things that cause typical financial applications like Maker CDP and Compound to have a hard time to scale further. Comparing the market value of DeFi, ETH, and BTC, we find that the combination of the liquidity of BTC being placed in the DeFi ecosystem will have immeasurable potential.   What is imBTC? Tokenized BTC is able to work with smart contracts, seamlessly integrate into decentralized transactions and financial services, while injecting liquidity into the Ethereum ecosystem. Imagine that this programmable bitcoin you own will seamlessly interact with smart contracts, whether DeFi, staking, or DEXs. In addition, the token also has a 15s block confirmation time, as well as real-time earnings. Like bitcoin, but without the downsides of Bitcoin. A new kind of Bitcoin. We at Tokenlon named the project's token imBTC, which is an Ethereum Token issued with an 1:1 anchor to BTC. The holder can transfer, redeem, exchange imBTC as well as receive an income share of the Tokenlon platform fees while holding imBTC.   imBTC's features In order to give you a better understanding of imBTC, we will briefly introduce the following points. Deposit to receive imBTC If you want to get imBTC, you simply send BTC. It is that simple. At the same time, you can also destroy imBTC through the DApp or directly call the smart contract. Just wait a moment and you will receive your BTC. There is no authentication needed, no lock-up period, everything feels swift and easy. We hope that the low friction in the process makes imBTC a financial asset that is more accessible for the general public, not just geeks.     Enjoy instant income The tokens is accruing value which is added to the Token value. Since storage costs and trading risks can make your blockchain assets volatile, with no interest rate mechanism to offset these costs, holding a token is not incentivized. We wish that imBTC holders will benefit from the liquidity of imBTC. Therefore, we will distribute the transaction fee from purchasing imBTC on Tokenlon to users who hold imBTC. When a user purchases imBTC at Tokenlon DEX, the smart contract deducts 0.3% imBTC as a transaction fee, and the commission will accumulate in the smart contract. Any user can initiate a dividend request through the DApp or directly to the imBTC smart contract. At this time, the smart contract will automatically pay dividends according to the imBTC currency ratio, and the wallet address holding imBTC will receive the corresponding interest.   imBTC Dividend Algorithm Note: exchangeRate defaults to 1. For example, Tokenlon issues 100 imBTC and Alice holds 10 imBTC. When Tokenlon receives 1 imBTC fee, exchangeRate is 1 * (100 / (100–1)) = 1.0101.At this point Alice will receive a dividend of 10 * 1.0101–10 = 0.10101 imBTC, and her balance will be 10.10101 imBTC after the dividend.   Seamlessly exchanged Tokenlon DEX is based on the 0x smart contract. Its innovative mechanism creates a fast, best-price trading experience. The trading assets are completely controlled by the user, and the Token exchange can be completed quickly without recharging or withdrawing. Users with imBTC can quickly trade tokens on the Tokenlon DEX, enriching your portfolio and spreading the risk of price fluctuations.     Trusted and transparent The hosted address of the imBTC will be publicly released. Through the Proof of Reserve on the chain, all imBTC issuance and destruction can be clearly tracked, and the BTC reserve is guaranteed to be 1:1. Anyone can openly audit, fully transparent. However, we admit that the current imBTC is still not perfect, as is the case with most blockchain financial products. Due to the limitations of blockchain technology, it is impossible to achieve both the ideal decentralization and ease of use. Therefore, we choose to adhere to the principle of security and transparency, and temporarily use centralized hosting to make imBTC easy to use, so as to better popularize usage. At the same time, Tokenlon is also planning on how to transform centralized hosting into a DAO (decentralized autonomous organization) hosting solution that remains decentralized, yet easy to use. We believe that with the development of blockchain technology, we can work hard to make decentralization a reality. Future outlook imBTC, as a Tokenlon project, is currently online on imToken 2.0. Open imToken to experience transfer, redemption, redemption, etc. while holding imBTC, while enjoying instant benefits. The birth of imBTC is not out of thin air, but based on the past experience and precipitation of the blockchain community. We sincerely thank WBTC, tBTC, EOS REX, Uniswap, Aragon, Polkadot and other projects for their continuous inspiration. We look forward to imBTC coming from the community and giving back to the community, providing better financial application services for each user, and injecting new vitality into the ecology of Ethereum.
2019-11-15
imToken 2.4.10 Released, Create, Import & Backup Easier!

imToken 2.4.10 Released, Create, Import & Backup Easier!

imToken 2.4.10 Update: Optimized, new user experience: Easily complete the wallet creation/import/backup Support BTC OP_RETURN: Store information to the blockchain, and lock for mining New Tokenlon novice guide: quickly get started with decentralized exchange Rating: Welcome to "About Us" to rate imToken. More optimization   Optimized user experience, and easy wallet creation, import, backup In order to reduce the learning cost of new users entering the blockchain world. Older users provide a smoother experience, and imToken has optimized the “onboarding” process. If you download or reinstall imToken 2.4.10 for the first time, you will be pleasantly surprised to discover that the user guide has been completely renewed: The more vivid wallet introduces the core features of imToken in a simple and interesting carousel illustration. A clearer guide Whether it is a new user who "uses the wallet for the first time" or an established user who already has a wallet, both are able to see clear prompts on the front page. Simply click on the bottom of the tutorial to get details "imToken 1.0 migration strategy” More intimate display of the Mnemonic phrase (1) When creating an identity, the Mnemonic will be displayed in 12 squares, avoiding confusion of the sequence and lack of words in the backup; (2) When recovering the identity, you find an auxiliary word association function and word error function. As we support BIP 39, inputting the first few letters of the word is enough, which reduces the cost of inputting the letters one by one; when the word is wrong, the corresponding prompt will appear “The word is invalid/wrong", and the problem can finally be found! BTC OP_RETURN Simply put, OP_RETURN is a function of "storing information" in the Bitcoin network. This function supports writing Hexadecimal information to the Bitcoin network. "OP_RETURN" can use the irreversibility as advantage of the BTC network to permanently record important information or use this information to perform special operations (such as ChainX mining and more). Click to learn 👉 How to set up OP_RETURN   New Tokenlon novice guide: Quickly get started with the DEX The new Tokenlon novice guide teaches you the concept of a “miner fee”, “authorization” and “handling fee” of the DEX. How to update to the latest imToken 2.0 Android users: You can download updates on the imToken website: https://token.im iOS users: App store is under review, thank you for your patience :)   For 1.0 users, please follow the tutorial below to upgrade 1.0 to 2.0 safely: https://support.token.im/hc/en-us/articles/360013262654 https://medium.com/imtoken/tutorial-step-by-step-guide-for-upgrading-to-imtoken-2-0-dbe3b392242 If you face any difficulty using imToken or have any comments and suggestions for us, please submit your feedback directly within the app.   Always backup your keys! Before upgrading, please make sure that all wallet identities have been backed up properly. Please write down the Mnemonic phrase on a physical paper, never store it in the network; Please restrain from sharing your private key, Mnemonic phrase or Keystore to anyone! If you find potential hacking activities in imToken, please report to us via email at hack@token.im to prevent more people from being deceived; Please have a look at our Help Center at https://support.token.im/hc/en-us for more detailed information about imToken.  
2019-10-31
imToken 2.4.6 - introducing the new Tokenlon

imToken 2.4.6 - introducing the new Tokenlon

imToken 2.4.6 update: Officially releasing Tokenlon to the public - download imToken and trade on our decentralized exchange UX upgrade for the Market tab, enabling you to trade faster and well-informed Tokenlon Public With the release of Tokenlon, we removed Kyber's entry on the Market tab, though you can still use KyberSwap in the Browse tab to experience Kyber's smooth service. How to get started with Tokenlon Better price and better depth Tokenlon market makers provide a best-price quote at any time. Use Tokenlon - Win prizes! Together with Tokenlon's public release, we are starting to give out prizes for all traders. Make sure to upgrade to the latest imToken version and visit the Market tab! More Campaign details: https://support.token.im/hc/en-us/articles/360033810033  Market tab revision The market naturally carries the DeFi attribute and is especially important for wallet users. In this update, we will separately provide announcements and activity promotion banner under ‘Market’ to inform you about the status of Tokenlon and deliver you the latest market infos. Like always, we are looking forward to working with you to bring attention to good blockchain projects, and let users experience the most popular projects in the community as early as possible. How to update to the latest imToken 2.0 Android: Download from imToken website: https://token.im; iOS: Download from App Store. For 1.0 users, please follow the tutorial below to upgrade 1.0 to 2.0 safely: https://support.token.im/hc/en-us/articles/360013262654 https://medium.com/imtoken/tutorial-step-by-step-guide-for-upgrading-to-imtoken-2-0-dbe3b392242  If you face any difficulty using imToken or have any comments and suggestions for us, please submit your feedback directly within the app.  Always back up your keys! Before upgrading, please make sure that all wallet identities have been backed up properly. Please write down the Mnemonic phrase on a physical paper, never store it in the network; Please restrain from sharing your private key, Mnemonic phrase or Keystore to anyone! If you find potential hacking activities in imToken, please report to us via email at hack@token.im to prevent more people from being deceived; Please have a look at our Help Center at https://support.token.im/hc/en-us for more detailed information about imToken.
2019-10-30
Update | imKey Cosmos Support & imToken optimizations

Update | imKey Cosmos Support & imToken optimizations

💃🏻Version imToken 2.4.5 introduces Cosmos & USDT on imToken, improved fingerprint and Face-ID support, Bitcoin fee optimizations and more! 🤖   Highlights of imToken 2.4.5 update: imKey supports Cosmos blockchain & BTC-native USDT BTC Miner Fees are optimized for lower consumption Fingerprint & Face-ID payments for all channels Performance optimizations   Introducing Cosmos imKey hardware wallet support Since April 25, imToken 2.4.0 officially supports Cosmos Since April 17, imToken 2.3.1 officially supports native USDT   On April 26th we announced imToken supporting: Send & Receive ATOM (+ technically Cosmos IBC tokens) ✅ (with custom Memo and fingerprint/face-id) Delegate ATOMs and earn interest ✅ Re-delegate to other validators ✅ Withdraw of delegated ATOMs ✅ Watch the Staking as it happens, live in your wallet ✅ Since then we added: Exchange of ATOM in Tokenlon (now live, see here) ✅ 1click re-invest rewards (now live) ✅ imKey supports ATOM & Cosmos tokens (now live) ✅ imKey over-the-air-updates imKey will gradually add more chains in the future, automatically adding it to your personal imKey via over-the-air updates. Get yours now on imkey.im paying with ETH, USDC or DAI.   👮 As a non-custodial mobile wallet imToken does not hold or have access to user’s funds. 🏦 imToken’s core code is open source and security audited by two independent security firm Slowmist and Cure53 (see). For this new release, we also had the new Cosmos features security audited (see). 🔑 The new imKey bluetooth hardware wallet that connects to imToken will support ATOMs soon and support for Ledger’s Nano X is in research as well.   Better BTC Miner Fee In this version, we adjust the miner fee and introduce more price sources to help you spend less on Bitcoin miner fees.    We also provide you with the option of customizing the miner fee, via gently moving the slide bar to open the advanced mode: Pick the Rabbit for fast and Turtle for slow transactions.   It is recommended to use the default miner's fee for BTC transfer, under which your transaction is expected to be confirmed within 2 bitcoin blocks (about 20 minutes).   If you would like to know more about the specific mechanism of Bitcoin’s miner fees, read here. Optimized Bitcoin Miner Fee Interface to pick your own speed ;)   Optimized your wallet experience In addition to the above key functions, you may also be interested in these optimizations: Updated Fingerprint & Face-ID payments for all channels: New phone types Updated Fingerprint & Face-ID payments for Comos transactions Optimize Ethereum transfers and optimized Bitcoin miner fee for lower fees Added ‘Risk’ signs for scams and risky tokens Other new features imKey supports Cosmos blockchain & BTC-native USDT BTC Miner Fees are optimized for lower consumption Fingerprint & Face-ID payments for all channels Performance optimizations Fix inaccurate transfer accuracy of ETH Fix iOS cannot overwrite wallet Add market channels to De-Fi manager Fix "App does not prompt to speed up transactions when nonce is the same" Fix "user sending two order due to UX error" Fix "observing the acceleration of wallet transfer and indicating acceleration is not supported in this transaction" Fix "multiple market makers may cause users to be prompted not to trade" More real reference quotation according to base quantity in Tokenlon Optimized and adjusted last/new order logic in Tokenlon Upgrade from imToken 1 to the latest imToken 2.0 Android users: Download from imToken website: https://token.im; iOS users: Download from App Store. imToken has released version 2.0. For 1.0 users, please follow the tutorial below to upgrade 1.0 to 2.0 safely: https://support.token.im/hc/en-us/articles/360013262654 Tutorial | Step-by-Step Guide for Upgrading to imToken 2.0 If you face any difficulty using imToken or have any comments and suggestions for us, please submit your feedback directly within the app. Stay safe! Before upgrading, please make sure that all wallet identities have been backed up properly. Please write down the Mnemonic phrase on a physical paper, never store it in the network; Please restrain from sharing your private key, Mnemonic phrase or Keystore to anyone! If you find potential hacking activities in imToken, please report to us via email at hack@consenlabs.com to prevent more people from being deceived; Please go through our Help Center at https://support.token.im/hc/en-us for more detailed information about imToken   About imToken imToken is the world’s largest Ethereum digital asset wallet, whose users produce ~10% of all Ethereum transactions. imToken provides access to Ethereum、BTC、EOS、Cosmos.   Our amazing new imToken 2.0 International introduces features, such as: Use Face-ID and fingerprint to send BTC Segwit, ETH, EOS, Cosmos transactions to friends via the decentral address book (synchronized over IPFS) Earn by staking on Cosmos & Loom or earning interest on Compound One-Click trade on the native Decentralized Exchange: Tokenlon Store your tokens securely on your old mobile phone using the secure Cold Wallet setup or getimKey Check out DApps in the open DApp browser Never again get token spam, nor send tokens to scam addresses   Get the new imToken 2.0 in your favorite app store (iOS, Android) or on our website. TK Join the Chat Follow on Twitter Subscribe on Reddit Subscribe on Medium In case of questions, write us an Email
2019-10-30
Progress Update | 2019/08/09 - Tokenlon launch, Nervos partnership

Progress Update | 2019/08/09 - Tokenlon launch, Nervos partnership

On the road to supporting more chains In July, we released two versions: imToken 2.4.5, integrating imKey support for Cosmos and USDT; imToken 2.4.6, integrating Tokenlon main release version imKey is a hardware wallet, similar to the Ledger X - while fitting in your leather wallet. At the moment, it supports Ethereum, Bitcoin, Cosmos, EOS and USDT, with more coins being added monthly. If you value security or have large asset management needs, imKey is your best choice. Tokenlon public release This month, Tokenlon DEX was officially released and is natively integrated into imToken’s interface. Read more about it at tokenlon.im To celebrate the release, we hid a couple of Easter Eggs in the app and we are giving out big prizes to the largest traders. The first week winner of the Tokenlon event: No.1: 0x...ee057d, reward: 500 DAI No.2: 0x...fea792, reward: limited edition imKey one No.3: 0x...fbdf4c, reward: imKey one Download imToken to get started! Strategic partnership with Nervos Network On July 30, 2019, Nervos and imToken announced a global strategic partnership. imToken will launch a Nervos Network wallet, once Nervos launches their mainnet.  Nervos Network is committed to building the infrastructure for the next generation of blockchain economy, including a set of layered protocols that are based on blockchain technology and are compatible with each other. We onboarded new DApps ETHSimple - Purchase and configure your ENS domains in just one click. Pooltogether - A Lottery You Can't Lose. Participants are paying in cDAI and one winner wins the interest everyone earned. Defi Saver - one-stop management solution for decentralized finance protocols, simplifying MakerDAO CDP and Compound into one interface  Litex store - Top up your Chinese phone number with ETH or USDT What comes next for our imToken 2.0 users imToken will soon support the first new DApp released by the Tokenlon team, stay tuned. A series of new features have been scheduled, remember to update to the latest version and enjoy!
2019-10-30
Tokenlon has become an independent decentralized exchange

Tokenlon has become an independent decentralized exchange

On July 31, 2019, imToken's built-in DEX Tokenlon has been upgraded to an independent decentralized exchange (DEX). Different from the previous versions, in which imToken natively integrated with the Kyber protocol, Tokenlon is now a new version of DEX based on 0x with an innovative design. In the future, Tokenlon can be used as a Web DApp to provide services on different platforms, such as exchanges and wallets.   Tokenlon, as a brand new DEX, has achieved a trading volume of more than 30 million US dollars in the beta stage without marketing efforts. It has been consistently ranked as one of the top ten DEXs, with a retention rate above 70% and a steady increase of high net worth users.   The birth of the Tokenlon   imToken has planned the trading feature since the first day for the simple reason: imToken user prefer non-custody of their assets, and shouldn’t have to trust a centralized exchange with their assets for trading?   In April 2018, imToken 2.0 introduced the built-in DEX project: Tokenlon.   At the time, Tokenlon integrated both Kyber and 0x decentralized exchange protocols and act as a  gateway to bring decentralized trading to millions of wallet users. However, the adoption is lower than what we expected. The original DEX has high friction and poor liquidity, which in turn leads to the fact that existing DEXes cannot offer good pricing and speed.   Since then, the Tokenlon project team has decided to explore and to build a new kind of DEX.   Tokenlon's innovations:   Get the best price in the shortest time: As we all know, DEX's trading speed and price have always been criticized, Tokenlon uses "multiple market makers price aggregation mechanism" to work with the most professional market makers.  When the user asks for a quote, the Tokenlon backend server will send a request to all the market makers, the prices(orders) returned by market makers will be aggregated at the Tokenlon server;                                                                  In the end, the best order from the aggregation will be returned to the user, and the time required to complete the transaction does not exceed 60 seconds. WYSIWYG with improved user experience: Unlike DEXs like Uniswap or Kyber, the price you see on Tokenlon is real-time and WYSIWYG. The quantity displayed at the time of signing is the quantity you will eventually receive. Assets are always in the hands of users, secure and reliable: Users interact with smart contracts to trade with market makers in a decentralized manner, users do not need to deposit assets to any "place". Secure and reliable. 4. Based on smart contracts, users do not need to deposit assets with any third-party. Instead, the contract is used to facilitate the decentralized atomic swap with the market maker, which is secure and reliable.   (Tokenlon user exchange process)   Tokenlon's Goal   After nearly eight months of hard work, Tokenlon has achieved:   - Asset security is fully controlled by the user. - Fast transaction, instant settlement  - Good price, close to that of the centralized exchange - Low service fee and no withdraw cost   Tutorial video links:   Tokenlon has become one of the major DEXs during its short beta period, and will soon be offering more popular and high-quality project tokens to meet the needs of imToken's nearly 10 million users. At the same time, Tokenlon's user retention rate has been over 70%, which shows that users are adopting DEXs that are simple enough to use. Of course, Tokenlon team will continue to optimize the user experience, and strive to create a most user-friendly DEX.   The official launch on imToken is only the first step of Tokenlon. Tokenlon is aiming to power many more products by providing services across different platforms.   Half of 2019 has already passed, the market capitalization of cryptocurrencies has exceeded 300 billion US dollars. But Ethereum's DEXs weekly trading volume is short over 40 million US dollars. The DEX ecosystem still has a lot of space to grow, and Tokenlon will play an important role in this long journey ahead.   But We Never Stop Winning   Tokenlon team    
2019-10-30
Nervos and imToken announce global strategic cooperation

Nervos and imToken announce global strategic cooperation

On July 30, 2019, Nervos and imToken announced a global strategic partnership. In Q4, imToken will provide wallet service for Nervos CKB token holders after Nervos mainnet is online. The two sides will actively cooperate in wallet application support, community cooperation, fostering the ecosystem, market expansion and further endeavours. imToken is a one-stop digital asset management platform, established in May 2016, currently provides digital asset services to nearly 10 million users in over 100 countries around the world.  imToken has become a popular digital asset management tool in the world with its safe and easy-to-use products and services. Currently, it supports bitcoin, Ethereum, EOS and Cosmos. In may 2018, imToken announced the completion of round A financing, with IDG capital taking the sole lead. Currently, imToken is headquartered in Singapore and has a branch office in Hangzhou, China. Nervos Network aims to build infrastructure for the next generation of crypto economy and includes a set of mutually compatible layered protocols with blockchain technology at the core. Nervos CKB, a public-chain protocol, guarantees the security and decentralization of the network. The layer 2 protocol provides scalable transaction and computing services, to support multiple application layer protocols and business scenarios. Nervos received 28 million US dollars in financing from many well-known investment institutions at home and abroad in 2018, and released its test network in May 2019 and its main network in Q4 of 2019. Its founding team came from the core members of well-known organizations in the industry such as Blockstream, Ethereum Core, imToken, Yunbi and SparkPool. Nervos, as an old friend of imToken, has maintained a close relationship since its inception.  The founders of the two teams had a common entrepreneurial experience. Daniel Lv, Nervos COO, was also the co-founder and CTO of imToken and participated in the implementation of the first version of imToken. At the same time, both sides are open source enthusiasts and share a common vision, that is, to promote the application of blockchain technology to the mainstream and provide first-class block chain business services for users around the world. 
2019-10-30