# Tokenlon Limit Orders feature

Tokenlon has launched limit order beta version on the Ethereum network! You can now place a limit order on both Ethereum and Arbitrum networks. The first season of 'Buy the Dip' competition is also coming soon and the best traders will be rewarded with iPhone14 & AirPods. Check out the full announcement [here](https://support.tokenlon.im/hc/en-us/articles/14382816278164).

Based on popular demand, we have added price curves and candle charts for each trading pair to help traders better make trading decisions.

![](https://lh3.googleusercontent.com/e2RjqT1MVm-zPJDCVk5yoCdPS3iinl0kqMhz1bQbUKCLhRJlHE_ngeehyDwGmsf3ijTJJxmXvWN8JCe0y79ENkdbF4a783HQJbQQa5PqPk7vQEVAiiGuKbkTpggU6ad14ggr8KJox-elZCcdNY-hG2Y)

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**What is a limit order?**

Limit order allows you to buy and sell a token at a specified price. Using a limit order, you can place the maximum price to buy a token and the minimum amount you want to receive for a sale of the token. The order will only be filled at the specified price.

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Limit order is a highly efficient and easy-to-use trading tool for users who don’t have time to keep an eye on the market 24/7. As long as you set a reasonable target price according to the market,  you can take advantage of trading opportunities that are less obvious.

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Why place your limit order on Tokenlon? (What makes us different)

* It is entirely free to use Tokenlon’s limit order. You do not need to pay any fees to place, cancel or fulfil the order. At the same time, Tokenlon will also subsidise your gas fees based on the order amount to make the trading experience smoother and more efficient;
* Tokenlon limit orders have been deployed on the Ethereum and Arbitrum networks. We have aggregated liquidity from the best AMMs and professional market makers (PMMs), providing you with an ideal trading depth;
* We fill large orders efficiently.  We improve the success rate of large orders through order splitting and partial transaction capabilities;
* We allow users to import tokens via addresses and trade them, maximizing the satisfaction of users' desire to capture value on the chain;
* We added more tools to make trading easier, such as the price charts to help you set a reasonable limit price, and the ETH wrap tool to help users wrap or unwrap ETH at any time.

Tokenlon,

Mar 30th 2023
