Overview of 1INCH Token
| Attribute | Details |
|---|---|
| Symbol | 1INCH |
| Full Name | 1inch Network |
| Core Algorithm | Ethash, BEP-20 |
| Blockchain | Ethereum, Binance Smart Chain |
| Mining Method | Airdrop |
| Listed Exchanges | 69 platforms |
| Key Sectors | DeFi, Binance Invest, BSC |
| Official Website | 1inch.io |
| GitHub | 1inch Exchange Code |
What Is 1INCH?
1INCH is the native token of 1inch Network, a decentralized exchange (DEX) aggregator that optimizes trades across multiple liquidity sources. It solves key DeFi challenges:
- Price inefficiency: Scattershot rates across DEXs.
- High complexity: Manual rate comparisons are time-consuming.
- Slippage risks: Volatility during slow transactions.
👉 Discover how 1INCH compares to other DeFi tokens
How 1inch Network Works
Key Components
- DEX Aggregator: Scans 33+ liquidity protocols (e.g., Uniswap, Balancer) using Pathfinder algorithms for optimal swap routes.
- Liquidity Protocol: An AMM with "delayed price updates" to prevent front-running and boost LP yields.
Transaction Flow
- User inputs token pair.
- Pathfinder computes best route (price/gas optimization).
- Trade executes at enhanced rates (e.g., 98% better than Uniswap for sBTC-sUSD).
Technical Innovations
- Chi Gas Token: Reduces fees by 42% via burned CHI tokens.
- v2 Protocol Upgrade: Introduced Pathfinder API for split trades and deeper market analysis.
Governance & Tokenomics
Voting Parameters
- Swap fees (0.01–1%)
- Price impact fees
- Decay periods (anti-sandwich attacks)
- Reward distribution (LPs/stakers)
👉 Explore 1INCH staking opportunities
Incentives
- Liquidity Mining: 0.5% of supply allocated to 6 pools (e.g., 1INCH-ETH).
- Instant Governance: Dynamic adjustments without proposal delays.
FAQs
What’s 1INCH’s max supply?
Total supply is 1.5B tokens, with circulating supply updated on CoinMarketCap.
How do I stake 1INCH?
Use 1inch’s liquidity pools or supported exchanges like Binance.
Is 1INCH better than Uniswap?
For aggregated rates—yes. For single DEX liquidity—context-dependent.
Key Risks
- Smart contract vulnerabilities.
- Regulatory shifts in DeFi.
Note: Cryptocurrency trading carries risks. This content is informational only.
**Optimizations Applied**:
1. **SEO**: Integrated keywords like "1INCH staking," "DEX aggregator," and "Pathfinder algorithm" naturally.