❇️(Rank #94 kind:Token - On 45,868 watchlists
Market Cap: $696,866,124 - Fully Diluted Market Cap: $7,021,914,744 - Volume 24h : $101,932,885 - Circulating Supply : 149,114,100 1INCH - total Supply: 1,500,000,000)
What Is 🌟1inch (1INCH) 🌟 ?
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.
❇️Description
actualy 1INCH Token is a reward-based token that users can obtain by using 1inch products. The team is aiming to build a working decentralized and permissionless network operation where the token can be used:
👉to ensure a permissionless fashion of interaction with the protocols
👉to secure funds for further ecosystem development
👉to incentivize participation in potential governance of specific network functionalities
👉to stake for the network security
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).
❇️Who Are the Founders of 1inch?
1inch was founded by Sergej Kunz and Anton Bukov over the course of the ETHNewYork hackathon in 2019. The two had earlier met during a live stream of Kunz’s YouTube channel (CryptoManiacs), and began entering hackathons together, winning a prize at a hackathon in Singapore as well as two major awards from Ethereum Global.
❇️What Makes 1inch Unique?
1inch is unique in that it provides instant governance for its users. This feature allows 1inch users to vote for specific protocol settings in the decentralized autonomous organization (DAO) model.
❇️refrences: coinmarketcap - coincodex. com
-------------------------------------------------------------------------------------------------------------------
✅TECHNICAL ANALYSIS
We do not have a specific technical analysis for 1inch/usdt because it has just joined the crypto market, but it may grow these days, also you can buy one step in the vicinity with a long-term view or near the support areas with more confidence and by seting up an appropriate stop-loss.
Although the Defi season hasn't started yet, I would like to inform the crypto community that they should prepare for the upcoming Defi season, because it will probably be very stormy, so at least keep it on your watch list.
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.)
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you like it
Market Cap: $696,866,124 - Fully Diluted Market Cap: $7,021,914,744 - Volume 24h : $101,932,885 - Circulating Supply : 149,114,100 1INCH - total Supply: 1,500,000,000)
What Is 🌟1inch (1INCH) 🌟 ?
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.
❇️Description
actualy 1INCH Token is a reward-based token that users can obtain by using 1inch products. The team is aiming to build a working decentralized and permissionless network operation where the token can be used:
👉to ensure a permissionless fashion of interaction with the protocols
👉to secure funds for further ecosystem development
👉to incentivize participation in potential governance of specific network functionalities
👉to stake for the network security
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).
❇️Who Are the Founders of 1inch?
1inch was founded by Sergej Kunz and Anton Bukov over the course of the ETHNewYork hackathon in 2019. The two had earlier met during a live stream of Kunz’s YouTube channel (CryptoManiacs), and began entering hackathons together, winning a prize at a hackathon in Singapore as well as two major awards from Ethereum Global.
❇️What Makes 1inch Unique?
1inch is unique in that it provides instant governance for its users. This feature allows 1inch users to vote for specific protocol settings in the decentralized autonomous organization (DAO) model.
❇️refrences: coinmarketcap - coincodex. com
-------------------------------------------------------------------------------------------------------------------
✅TECHNICAL ANALYSIS
We do not have a specific technical analysis for 1inch/usdt because it has just joined the crypto market, but it may grow these days, also you can buy one step in the vicinity with a long-term view or near the support areas with more confidence and by seting up an appropriate stop-loss.
Although the Defi season hasn't started yet, I would like to inform the crypto community that they should prepare for the upcoming Defi season, because it will probably be very stormy, so at least keep it on your watch list.
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.)
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you like it
