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Easily convert LON to FRXUSD with ConvertOnline's efficient tool.
Tokenlon Network Token (LON) is a governance token that powers the Tokenlon decentralized exchange (DEX) platform. It enables users to participate in the decision-making processes of the network, incentivizing liquidity provision and rewarding users for their participation in the ecosystem.
Frax USD (FRXUSD) is a stablecoin designed to provide price stability while being partially backed by algorithmic mechanisms. It aims to combine the best of both worlds: the reliability of a fiat-backed stablecoin and the innovative scalability of algorithmic stablecoins.