1INCH is a decentralized exchange based on the Ethereum blockchain, which is also a liquidity aggregator from other DEX platforms.
1Inch collects data on the best prices from all decentralized exchanges so that the user can exchange one token for another at the best price and with minimal slippage.
For example, you want to buy a coin for a total of $100,000. When you visit any DEX exchange, you find that there is not enough liquidity in the trading pair to complete the transaction.
Iinch will collect liquidity for you on the selected coin from all decentralized sites and automatically sum up the pool. Thus, you do not need to use several DEX exchanges in turn, and the exchange price will be the best.
It is also possible to use the Polygon, BSC, Avalanche blockchains and 6 more EVM networks that are synchronized with 1INCH. At the same time, there is also a cross-chain bridge for exchanging coins between available networks. This tool is located in the "Bridges" section.
1INCH Network starting page
The project has its own native 1INCH token, which is traded on many popular exchanges. A complete list of trading platforms is available on the Coinmarketcap information resource.
The price at the moment is $0.5, the market capitalization is $350 million.
Exchanges where the 1INCH token is traded
Internally, 1INCH is used as a DAO token. In the corresponding section, users can stake coins, participate in voting for changes to the 1Inch Network, receive referral bonuses, etc.
Сashback for DEX exchanges is an interesting feature. This is quite beneficial given the high cost of fees on the Ethereum network. Traders who hold a certain number of 1Inch tokens receive up to 95% cash back on transactions made.
DAO and voting section on 1inch Network
The Earn column presents the opportunities for earning on the site: investment strategies, liquidity pools and coin farming inside the DEX. The percentage per annum is floating and depends on the trading pair.
For those who are especially curious, there is the “More” section. Various information about documentation, future plans, tokenomics is posted here. You can also get help in case of questions or bugs.
1inch Network documentation section
1inch is constantly evolving and improving. A mobile wallet was recently launched, where all the functions of the site are present. Also, 1inch often enters into collaborations and partnerships, which is designed to increase the recognition of the platform and the demand for the internal token. At the same time, the team is open to suggestions from the community and encourages young developers who can receive investment and support thanks to the grant program.
