What is 1inch?
1inch is a DEX aggregation protocol that allows users to trade at the best market rates and low slippage.
Main components of 1inch
- 1inch.exchange DEX Aggregator: uses an advanced algorithm that searches over 33 liquidity protocols to find the most price-efficient swap routing for users.
- 1inch Liquidity Protocol: market makers use a new mechanism called Delayed Price Updates to prevent bot pre-runs, increase yield and reduce arbitrage.
- 1inch Limit Order Protocol: provides the most flexible limit order functionality in DeFi.
- 1inch DAO: a decentralized autonomous organization that manages the 1inch network, allowing 1INCH stakers to vote on project governance decisions.
- 1INCH token: the utility and governance token of the 1inch network.
Governance model of 1inch
1inch uses a new governance model called Instant Governance, in which 1INCH holders and protocol stakeholders can vote directly on protocol parameters. One of the other important features is that stakers and liquidity providers can continuously vote to change protocol settings without having to wait for proposals to be submitted or closed.
Token 1INCH
1INCH is the network’s utility and governance token, with the following uses:
- To manage the protocol and participate in the development of the network
- To connect liquidity protocols for highly efficient trading process.
Specifications
- Ticker: 1INCH
- Blockchain: Ethereum
- Token standard: ERC-20
- Total supply: 1,500,000,000 1INCH
- Circulating supply: 180,507,134 1INCH
Token Allocation
- Security and Network Maintenance: 30%.
- Development team: 22.5%.
- Ecosystem development: 21%.
- Investors: 19.5%.
- Advisors: 5%.
- Moonisway Liquidity providers: 2%.
1INCH token Price today
How to buy 1INCH
1inch (1INCH) has been listed on Attlas Exchange.
Traders can easily and securely buy 1INCH with lowest fees on Attlas Exchange.
Step 1: Download the app and register an account
Step 2: Select Market on the toolbar at the main screen
Step 3: Select Spot
Step 4: Find 1INCH
Step 5: Select Buy
Summary
This article is an overview of 1inch (1INCH), not a financial advice.
Users are advised to do their own research before making any trading decisions.