Decentralized exchange 1inch has launched its own token
The cost of the token per day increased by 1200%
Binance became the investor of 1inch
International consortium of news organizations developing transparency standards.
Decentralized Cryptocurrency Exchange 1inch Launches Its Own Token As the use of cryptocurrencies grows, new types of tokens are emerging. They can represent value or something intangible like voices. Two … More, which has risen in price 10 times per day. Some users received tokens for free
1inch tokens break records
Decentralized cryptocurrency exchange 1inch managed by DAO presented a Christmas gift to the cryptocurrency industry by announcing the launch of its own 1INCH token.
“The 1INCH token will be used to govern all 1inch network protocols, bringing governance to the DeFi industry. Decentralized Finance (DeFi) is a blockchain-based financial service that offers users access to open, efficient and … More to the next level. ” , – said in the blog of the company.
Why is 1inch token price not going up? Because it looks like they are dumping!
1 / Delighted to announce that 1INCH Token is LIVE!
Learn more about the governance / utility token and the token architecture: https://t.co/6POyBLHmKO
– 1inch.exchange (@ 1inchExchange) December 25, 2020
The token instantly appeared on cryptocurrency platforms including Binance. In just a day, the cost of the 1INCH token has risen in price by 1200%: from $ 0.2 to $ 2.60, and the daily trading volume exceeded $ 106 million.
1inch token, source of Coinmarketcap
Immediately after the start of trading, the price of the token reached a peak price of $ 3.08.
1inch distributed coins to traders, but not to everyone
In honor of the launch of the token, the 1inch crypto exchange held an airdrop. Users who registered the wallet before December 24 and before September 15 made at least one transaction on the 1inch exchange or transferred at least $ 20 can participate in the airdrop.
Users who have fulfilled the stated requirements can receive about 600 1INCH tokens, which at the current rate is $ 1,500. The exact amount of the airdrop is not known, however, approximately the same amount was withdrawn by exchange users from the address through which the tokens are distributed. Some got a more impressive amount. Obviously, the size of the gift depends on how long the trader has been working on the exchange..
Before Buying 1INCH, WATCH THIS! 2021 Token Target Price Prediction
To find out if you are entitled to a reward and pick it up, you need to go to the 1INCH exchange website and connect a wallet.
Next, you need to click on the unicorn image in the upper right corner.
Then you need to click the “Check” button in the “Get 1INCH token” section. After that, you will see how many tokens are available to you if you have fulfilled the conditions of the airdrop. It will be possible to sell 1INCH tokens on Uniswap, 1inch, Binance, OKEx and Huobi.
In general, the structure of the airdrop resembles the distribution of UNI tokens.
The 1inch project was under the wing of the largest cryptocurrency exchange Binance. The main investors in the project are Binance Labs, Galaxy Digital, Dragonfly Capital and others. Therefore, it is not surprising that the 1INCH token quickly appeared on the Binance platform and increased in price in a matter of hours..
The 1inch project uses smart contracts to split one trade transaction into several DEXs at once, which allows to optimize transactions.
“DEX aggregation is an important element, it was he who contributed a lot to the boom in the decentralized finance (DeFi) segment. 1inch has become the de facto interface for DeFi transactions with cumulative volumes in excess of $ 1 billion, “Binance CEO Chang Peng Zhao said earlier..
1inch (1INCH) gives away FREE Crypto! Free Money! Free tokens!
The turnover of the 1INCH project, created by Sergey Kunets and Anton Bukov, already has a turnover of over $ 1 billion, and with the launch of the token, this figure will increase.
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