What is the 1inch Exchange (1INCH)?
The 1inch Exchange is a DEX aggregator that finds and executes token swaps at the best prices using their Pathfinder algorithm. The 1inch exchange token (1INCH) is an ERC-20 token used for governance & voting power for the 1inch protocol parameters.
As a DEX aggregator, 1inch splits orders between many other decentralized exchanges (DEXs) to find the best exchange rates. With liquidity sources from a broad range of DEXs, the 1inch protocol creates a single entry point to decentralized finance (DeFi) trading.
The CHI Gastoken (CHI) is an ERC-20 token used to lower Ethereum gas fees (transaction costs) by up to 42% on the 1inch Exchange.
1INCH token holders can stake their coins to generate more 1INCH tokens. Users that participate in staking on 1inch receive rewards from the swap & price impact fee.
WEBSITE: https://1inch.exchange/
DISCLAIMER
The contents on this site are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. By consuming this content, you agree to hold us harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site. This page may contain affiliate links to products. We may receive a commission for purchases made through these links at no additional cost to you.