The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest and protected operations in the DeFi space. Built on the Ethereum blockchain, 1inch was founded in May 2019 by Sergej Kunz and Anton Bukov during an ETHGlobal hackathon. Kunz previously worked as a software engineer for Porsche, while Bukov was a developer who previously worked on the NEAR Protocol.

The 1INCH token is the governance and utility token of the 1inch Network. The token is applied in different capacities in the two existing protocols and will be used in the tokenomics of all new protocols released by the 1inch Network. 1INCH is a multichain token, currently available on Ethereum and BNB Chain over a bridge.

1inch Products

Aggregation Protocol

This protocol incorporates the Pathfinder, a cutting-edge discovery and routing algorithm, which offers asset exchanges at the best rates on the market. Pathfinder finds the most efficient paths for a token swap, able to split between different protocols and even different market depths in within one protocol in the shortest possible time.

Limit Order Protocol

1inch Limit Order Protocol is a set of smart contracts, that can work on any EVM based blockchains (Ethereum, Binance Smart Chain, Polygon, Arbitrum, Optimism, Gnosis Chain, Avalanche). Key features of the protocol is extreme flexibility and high gas efficiency that achieved by using two different order types - regular Limit Order and RFQ Order.

DAO

The 1inch DAO is a decentralized autonomous organization that governs the 1inch Network, enabling 1INCH token stakers to vote for key protocol parameters and take part in the network's governance.

Spot Price Aggregator

The 1inch spot price aggregator is a set of smart contracts that extract price data for tokens traded on DEXes from the blockchain. To avoid price manipulations within a transaction, the spot price aggregator should ONLY be used off-chain. DO NOT use it on-chain.

1inch Wallet

The 1inch Wallet is a fast and secure crypto wallet with a built-in DEX aggregator and the native mobile wallet of the 1inch Network. This wallet offers users an easy entry into DeFi, providing access to deep liquidity across multiple blockchains and better rates for crypto swaps than any single cryptocurrency exchange. Moreover, the 1inch Wallet saves users time, as they no longer have to manually check each exchange for the best swap prices.

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