1 1INCH =
1inch Network (1INCH) is a decentralized liquidity aggregator founded in 2019 by two developers Sergey Kunts and Anton Bukov). The aggregator allows users to find the best cryptocurrency exchange rates on various decentralized exchanges (DEX). The platform helps optimize exchanges by combining liquidity from different sources to provide users with the most favourable prices and minimum transaction fees.
The 1INCH token was released in December 2020 and is the main ecosystem management tool. 1INCH token holders can vote on key issues related to the platform's development, including proposals for updates and changes to the protocol. This creates a decentralized decision-making process and allows users to influence the future of the 1-inch Network.
The platform uses unique algorithms to determine the optimal exchange paths, which helps users reduce the time and cost of transactions. In addition, the 1inch Network integrates with other DeFi protocols, which allows users to take additional benefits from liquidity and earnings. Since its inception, 1inch has attracted the attention of the community and investors by actively developing its services and expanding the ecosystem of decentralized finance.