1inch Network

About 1inch Network

1inch Network is a decentralized exchange aggregator that sources liquidity from various exchanges and allows users to find the most efficient swapping routes across different blockchain networks. It was launched in 2019 and is built on Ethereum, with plans to expand to other blockchains. The 1inch Network is powered by a native governance and utility token, 1INCH, which is used for platform governance, liquidity incentives, and fee discounts.

About $1INCH token

$1INCH is the native utility token of the 1inch Network, an Ethereum-based decentralized exchange aggregator and liquidity protocol that connects multiple DEXs into a single platform to allow traders to access the best prices and lowest slippage for their trades. The 1INCH token is used for governance, to vote on proposals related to the development and management of the protocol, and for liquidity mining, which allows users to earn rewards for providing liquidity to the protocol.

How to buy $1INCH with a payment card

1. Enter the amount of $1INCH and fiat currency that you wish to purchase.

2. Verify your phone and email.

3. Enter or create $1INCH wallet

You are given the option to enter your $1INCH wallet address or create one using the Swipelux widget.

4. Pass KYC flow

This verification process helps protect you from fraud and other malicious activities.

5. You're now ready to buy $1INCH with a credit and debit card.

$1INCH analytics

1. Market Position and Adoption: 1inch Network is a decentralized exchange aggregator that sources liquidity from various platforms, including decentralized exchanges (DEXs), and optimizes trades across them for users. The 1inch Network platform aims to reduce slippage and offer better rates for traders by splitting orders across multiple DEXs. The 1INCH token serves as a governance token for the 1inch Network platform and is used to vote on proposals and receive rewards. As of February 2023, the 1INCH token ranks #89 by market capitalization, with a market cap of $489,794,818 and a circulating supply of 792,449,420 tokens. It has been added to over 300,000 watchlists on various platforms, indicating a growing interest in the token.

2. Technology and Platform: 1inch Network is built on Ethereum and leverages smart contracts to perform trades across multiple DEXs. The platform uses a routing algorithm called Pathfinder, which helps to determine the best path for trades to optimize for price and slippage. The 1inch Network also supports cross-chain swaps and has integrated with other blockchain platforms such as Binance Smart Chain, Polygon, and Arbitrum. The platform has been audited by reputable firms such as CertiK, Chainsulting, and SlowMist.

3. Team: The 1inch Network was founded in 2019 by Sergej Kunz and Anton Bukov. The team has a background in software engineering and blockchain development, with previous experience working at companies such as Porsche, Siemens, and Gnosis. The 1inch team has expanded since its inception and now has over 50 members, including developers, advisors, and business executives.

4. Competition: The decentralized exchange aggregator market is highly competitive, with other projects such as DEX.AG, Matcha, and ParaSwap offering similar services. However, 1inch Network has established itself as a leading platform in this space, with its routing algorithm and support for cross-chain swaps. Additionally, the 1inch Network has partnered with other DeFi projects such as Aave and Compound to expand its services.

5. Supply: The total supply of 1INCH tokens is 1,500,000,000, with a circulating supply of 792,449,420 tokens as of February 2023. The token is deflationary, with a burn mechanism that is activated through the governance process. The 1INCH token has also been distributed through liquidity mining programs and airdrops to incentivize users to participate in the platform.

$1INCH risks

1. Regulatory risk: The cryptocurrency industry is subject to regulatory uncertainty and change, which could result in 1INCH token being deemed illegal or subject to additional regulations that could harm its value and adoption.

2. Market risk: Like any other cryptocurrency, the value of 1INCH token is subject to market fluctuations and volatility, which can be affected by various factors, such as investor sentiment, news events, and overall market conditions.

3. Competition risk: The decentralized exchange (DEX) market is highly competitive, with several established players and new entrants. Any disruption or competition from other DEX platforms could harm the adoption and value of 1INCH token.

4. Technology risk: The 1inch Network relies on smart contracts and other decentralized technologies, which are subject to security risks, such as hacks, bugs, and other vulnerabilities. Any such incidents could harm the reputation and adoption of the platform, which could impact the value of 1INCH token.

5. Liquidity risk: The liquidity of 1INCH token may be affected by various factors, such as market conditions, trading volume, and the availability of trading pairs on different exchanges. Any decrease in liquidity could negatively impact the value and adoption of the token.

Potential market development triggers

1. Expansion of 1inch Network: As the 1inch Network continues to expand and gain more users, this could drive demand for the 1INCH token as it is the native token of the platform.

2. Partnership with other DeFi platforms: 1inch Network has already formed partnerships with several DeFi platforms, such as Curve, Aave, and Compound. Further partnerships could increase exposure and adoption of the 1INCH token.

3.Integration with other blockchains: 1inch Network recently expanded to support the Binance Smart Chain, and future integrations with other blockchains could increase demand for the 1INCH token as users seek to access the benefits of the platform on multiple chains.

4. Development of new features: The 1inch Network team has a roadmap for developing new features and improving existing ones, such as adding support for limit orders and expanding liquidity pools. Successful implementation of these features could drive demand for the 1INCH token.

5. Increased adoption of DeFi: As decentralized finance (DeFi) continues to gain mainstream adoption, there could be increased demand for tokens that are used within DeFi protocols, including the 1INCH token. This could be driven by factors such as increasing awareness of DeFi, regulatory clarity, and improvements in user experience.

6. Overall market growth: The cryptocurrency market as a whole has experienced significant growth over the past few years, and continued growth could benefit the 1INCH token along with other cryptocurrencies. This could be driven by factors such as increasing institutional adoption, improving infrastructure, and continued innovation in the blockchain space.