1inch - The DEX Aggregator

1inch (1INCH)

What is 1inch?

1inch is a decentralized exchange (DEX) aggregator on the Ethereum and Binance Smart Chain networks. It offers its users a list of Decentralized Exchanges, so they can compare rates and choose the most profitable and suitable exchange for their trades.

Why does 1inch have value?

The 1inch platform helps traders find the best opportunities quickly, by compiling all the protocols in a single interface, instead of having to check them one by one. This provides users with a more convenient, and less expensive, way to trade.

What are the benefits of 1inch?

●       Users save time and money by finding the best trade options in a quick and simple interface.

●       Users can trade a variety of cryptocurrencies.

●       It is available on different chains/ecosystems.

What are the disadvantages of 1inch?

●       Gas prices on Ethereum can make trades expensive, but this can be circumvented using other blockchains or Layer 2 networks.

●       Not a great user-interface for crypto newbies.

1inch’s Consensus

Ethereum’s Proof of Work.

What are 1inch’s tokenomics?

The total supply of 1INCH is 1.5 billion tokens. 53.3% went to core backers and contributors; 30% was allocated for community incentives; 14.4% to fund the protocol growth and development; and 2.30% for advisors.

Who founded 1inch?

Sergej Kunz and Anton Bukov.

Who are 1inch’s investors?

1inch has conducted five funding rounds, raising $189.8 million. The main investors are Amber Group, Jane Street Capital, Celsius Network, Nexo, Fenbushi Capital, VanEck, Gemini Frontier Fund, Alameda Research, Tribe Capital, and Fabric Ventures.

Concise Crypto Grade:

B

Where can I buy 1inch?

Binance, Huobi Global, Gate.io, Coinbase Exchange, KuCoin, FTX.

What Ecosystem does 1inch run on?

Ethereum, Binance Smart Chain, and additional Layer 2 options from Ethereum.