1INCH is a token of the 1inch Network. It serves as a governance and utility token.
It is already used in both existing protocols and will be used in all the protocols created on the 1inch Network. It is also a multichain token. At the current moment, it is possible to employ it on the Ethereum and the Binance Smart Chain.
1inch Network provides decentralized protocols for operations in the DeFi space. The main idea of the project is to enable DeFi users with the fastest and the most secure exchange service.
1inch Network was created by two Russian specialists. One of them is Sergej Kunz, a former software engineer from Porsche. The other one is Anton Bukov, a former senior smart contract engineer at NEAR. They developed the idea of the future 1inch Network over the span of 36 hours at the ETHGlobal New York hackathon.
The 1INCH token was launched in 2020. Back then it was called “instant token”. A lot of tokens were distributed at the end of 2020 during the airdrop.
Even though 1inch Network is a relatively new project, it has a lot of interesting and useful features. Here are the most significant of them:
Let’s not forget that the project is still developing. Nonetheless, it is important to remember that there are some things that should be paid attention to:
In case you got interested and would like to try 1inch Network, you are welcome to purchase the 1INCH token. We are here to help you. Just follow the simple instructions below: