What is 1inch Network (1INCH) and How to Buy?
Although decentralized crypto exchanges are relatively more difficult to use than centralized crypto exchanges, a cryptocurrency belonging to a crypto exchange may attract more attention than other cryptocurrencies. As 1inch Network has managed to become the most remarkable crypto exchange in recent times, the local token unit of the stock market, 1INCH Token, continues to attract parallel attention.
In this article, we will try to convey all the details about the 1inch Network (1INCH), together with the answers to the question of what is the 1inch Network and what is the 1INCH Token, how to get it, where to buy it.
What is 1inch Network?
1inch Network is a decentralized platform that scans decentralized crypto exchanges, called DEX, to find and buy the best price of a cryptocurrency.
Working more as a protocol aggregator than a DEX platform and published on the Ethereum network in May 2019, 1inch Network serves users as a decentralized exchange.
1inch Network offers very good advantages to people who are interested in buying and selling cryptocurrencies with its working system. The biggest advantage it offers is that a person does not need to look at more than one exchange to find the crypto currency they are considering to buy at the most affordable price.
1inch Network, which can collect data from many blockchains such as Ethereum, Binance Smart Chain, Polygon with the algorithm called Pachfinder, that is, search for the best price, uses an average of 180 platforms as a source.
1inch Network, which provides liquidity protocol and a secure crypto wallet service called 1inch Wallet in addition to DEX service, has designed an easy-to-use and understandable interface and system in all its services. In other words, people using 1inch Network can both trade cryptocurrencies at the most affordable prices, benefit from the liquidity protocol service and store their crypto money by using the wallet service.
In addition, staking is possible on the 1inch Network through the native token unit, and the 1inch Network can work not only on the Ethereum network where it was launched, but also on many blockchain networks.
What is 1INCH Token?
Similar to the situation in every cryptocurrency, 1INCH Token is the native cryptocurrency of the 1inch Network platform, where users call 1INCH Coin and ask what is 1INCH Coin.
1INCH Token, which went into circulation in December 2020, has a total supply of 1,500,000,000. For the first time, 6% of the total supply of 1INCH Token is circulated, and 30% of the total supply is reserved for community development. Of the 1INCH Token, of which 0.5% is reserved for staking, 14.5% is allocated to cover grants, investments and unforeseen expenses at the end of the 4-year period.
Having the staking feature, 1INCH Token also offers its holders the opportunity to take part in the governance system.
How and Where to Buy 1INCH Token?
1INCH Token, which is frequently searched for how to buy 1INCH Coin and where to buy 1INCH Coin, can be purchased from many crypto exchanges. To buy from the decentralized crypto exchange, the 1inch Network can be selected directly, but as a centralized crypto exchange, we can say that 1INCH Token can be purchased from many centralized crypto exchanges as an answer to the question of where to buy.
As an answer to the question of where to buy 1INCH Token, you can follow the steps below to buy 1INCH Token on Binance, one of the exchanges that lists 1INCH Tokens:
- Sign in to your Binance account. If you do not have a Binance account, click here to create your account with discounted commission.
- Deposit the amount of 1INCH you want to buy into your account. If you are going to transfer money in crypto, you can choose TRON (TRX) due to the low transfer fee.
- After depositing money in your account, come to the Spot Trading, Market buying and selling platform and convert your currency into USDT or BUSD crypto-assets.
- Then find the parity you want to buy from 1INCH/USDT or 1INCH/BUSD parities from the same place and complete the purchase by clicking on the 1INCH Buy button after determining the amount you want to buy.
If you need support on the detailed use of Binance Exchange, you can review our article titled Binance Exchange and Detailed User Guide.
If you want to buy 1INCH Token on a different crypto exchange other than Binance Exchange, although we recommend Binance Exchange, you can also choose the following exchanges:
Frequently Asked Questions About 1inch Network (1INCH)
In this section, we will try to answer as much as possible the most frequently asked questions of users about 1inch Network and 1INCH Token. This section will be regularly updated according to incoming questions.
What is 1INCH Coin?
1INCH Coin is a user-generated term for the 1INCH Token, but it is incorrect. Since 1inch Network does not have its own blockchain, its correct use should be 1INCH Token. Likewise, the term 1inch Network Coin is also an erroneous term and should be 1inch Network Token.
Who is the Founder of 1inch Network (1INCH)?
1inch Network was founded in 2019 by two people, Sergej Kunz and Anton Bukov.
Is 1inch Network (1INCH) a Future Project?
1inch Network already has many users with its convenience and purchasing opportunities, and 1INCH Token with opportunities to earn income through staking. We can say that the future of 1inch Network looks very bright as their project is very forward-looking and they are constantly improving themselves.
Is 1inch Network (1INCH) Reliable?
1inch Network has a reliable line as it attaches great importance to security in the process when it was started on the Ethereum network and started to take place in other networks, and platforms such as 1inch Network continue in a line where security is always kept at the forefront as they attract those who organize cyber attacks more.
Official and Followable Accounts of 1inch Network (1INCH)
1inch Network (1INCH) Official Website
1inch Network (1INCH) Twitter
1inch Network (1INCH) Telegram
1inch Network (1INCH) Discord
1inch Network (1INCH) Reddit
1inch Network (1INCH) Medium
1inch Network (1INCH) YouTube
1inch Network (1INCH) Github
1inch Network (1INCH) CoinMarketCap
1inch Network (1INCH) Resmî Web Sitesi