Where to Buy 1inch (1INCH) Coin

What is 1inch (1INCH) Coin

1inch is a decentralized exchange (DEX) aggregator, connecting several DEXes into one platform to allow its users to find the most efficient swapping routes across all platforms. In order for a user to find the best price for a swap, they need to look at every exchange — DEX aggregators eliminate the need for manually checking, bringing efficiency to swapping on DEXs.

DEX aggregators work by sourcing liquidity from different DExs, meaning that they are able to offer users better token swap rates than they could find on any single DEX, in the shortest time possible.

1inch launched in August 2020 after a $2.8 million funding raise from Binance Labs, Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX, IOSG, LAUNCHub Ventures and Divergence Ventures.

In December 2020, 1inch raised another $12 million in Series A funding, led by Pantera Capital, with others including ParaFi Capital, Blockchain Capital, Nima Capital and Spartan Group. The funding round was conducted through a SAFT sale (simple agreement for future tokens).

1inch in winter 2020 also launched Mooniswap, its own automated market maker (AMM). In December 2020, 1inch launched its 1INCH governance token, and the 1inch Network began to be governed by a decentralized autonomous organization (DAO).

  • 1inch consists of the 1inch.exchange DEX Aggregator as well as the 1inch Liquidity Protocol (formerly called Mooniswap).
    • 1inch.exchange DEX Aggregator: employs an advanced algorithm that searches over 33 liquidity protocols (as at 25 Dec 2020) to discover the most efficient swap paths so traders can receive the most efficient trade prices.
    • 1inch Liquidity Protocol: an Automated Market Maker (AMM) that makes use of a new mechanism called Delayed Price Updates to protect swappers from front-running, and to increase Liquidity Provider (LP) earnings and reduce arbitrageurs’ profits.
  • The 1INCH token is the native ERC-20 token of the 1inch protocols and is a governance and utility token that will be used to govern all protocols developed by 1inch (starting with 1inch.exchange and 1inch Liquidity).
  • 1inch introduces a new governance framework called Instant Governance where 1INCH token holders and key protocol stakeholders (e.g. LPs) can vote directly on protocol parameters.
  • One of the key instant governance features is that token stakers or LPs can constantly and dynamically vote to change protocol settings, without having to wait for proposals to be submitted or concluded.
  • 1inch raised ~14.8MM USD from private investors for approximately 30.8% of the 1INCH total token supply between August to December 2020.
  • The total 1INCH token supply is 1,500,000,000, with token allocations as follows:
    • Core Backers and Contributors: ~53.3%
    • Community Incentives: 30.0%
    • Protocol Growth and Development: ~14.4%
    • Advisors: 2.30%

How To Buy 1inch (1INCH) Coin

1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy 1inch coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.

2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.

3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.

4.Step: If the cryptocurrency you are planning to buy is not available on the list, buy USDT “You can always redeem 1 USDT Coin for US $1.00”. You can buy any coin you want with USDT by following Buy-Sell > Classic steps. We have provided the answer to How to buy 1inch coin, now you can view the cryptocurrencies you bought by clicking on the wallet summary available on your Binance account. You can sell your assets when their value increases, or you can withdraw them to your bank account in desired fiat currency.

How Much is a 1inch (1INCH) Coin

1inch (1INCH) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.

$ 1.13
1inch
1inch (1INCH)
1h2.03%
24h13.12%
USD
EUR
GBP

1inch (1INCH) Coin Review

You can learn more about 1inch (1INCH) coin reviews and information on cryptocurrencies by visiting their official page available in the following.

Website
https://1inch.exchange/
Whitepaper
https://whitepaper.io/document/618/1inch-whitepaper
Github
https://github.com/1inch-exchange
Medium
https://1inch-exchange.medium.com/
Documentation
https://docs.1inch.io/api/
Telegram
https://t.me/OneInchNetwork
Discord
https://discord.com/invite/1inch
Youtube
https://www.youtube.com/channel/UCk0nvK4bHpteQXZKv7lkq5w