1INCH Live Price

What is 1INCH?

Decentralized exchange (DEX) aggregators such as 1inch allow users to make transactions without any intermediary, ensuring the best rates and most efficient crypto swapping routes. This platform presents the best prices by aggregating token prices across DEXes. It was launched in 2019 during the ETHNewYork Hackathon. The 1INCH token is the platform's cryptocurrency termed as the 'governance token'. It is used for 'instant governance' wherein users have a say on how this platform is run. For instance, a user can vote on the price impact fee or exchange fee. Investors can enjoy a transparent and user-friendly way of specifying protocol settings that benefit them the most. This crypto was introduced in December 2020 in an airdrop. It is now considered the fourth most popular Ethereum-based exchange based on trading volume. 1INCH tokens can be earned by staking cryptocurrencies placed on trades. These tokens are also available for trading in different decentralized exchanges. As of January 2021, 1INCH tokens are valued at $2.41 with a $175 million market cap. There are 72 million circulating in the market today and a total of 1.5 billion 1INCH tokens in existence. About 30% of this supply is allotted to community incentives. The platform's goal is to distribute these tokens within the next four years.

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How much is 1INCH worth?

1INCH (1INCH) is worth 1.32 USD as of March 15, 2022, 2:15 am UTC time. View the interactive graph to see how much 1INCH has changed in the last hour or historically. 1INCH is an Ethereum token that powers 1inch, a decentralized exchange that aims to offer the "best rates by discovering the most efficient swapping routes across all leading DEXes." Decentralized exchanges (a.k.a. DEXes) like 1inch enable users to transact tokens without an intermediary. 1inch aggregates token prices across decentralized exchanges in order to find the best prices for users.