1INCH

1inch price

1INCH
|
3.9/5
CyberScope
4.2
05/24/2024
TokenInsight
3.5
11/28/2022
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USD
USD
$0.43070
+1.70%
1h
24h
1W
1M
1Y
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1inch price live data

The current price of 1inch is $0.43070. Since 00:00 UTC, 1inch has increased by +1.70%. It currently has a circulating supply of 1,158,566,405 1INCH and a maximum supply of 1,500,000,000 1INCH, giving it a fully diluted market cap of $499.34M. At present, 1inch holds the 88 position in market cap rankings. The 1inch/USD price is updated in real-time.

1inch price performance in USD

Time periodChange amount%Chg
Today$0.0072000 +1.70%
7 days$0.032400 +8.13%
30 days$0.00070000 +0.16%
3 months-$0.06590 -13.28%

1inch market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.41520
Last price $0.43070
24h high$0.44160
Heat index ranking
96
Market cap ranking
88
Market cap
$499.34M
Favorited rate
Percentage of users who favorited this asset to all users
2.52%
All-time high
$12.5604
-96.58% (-$12.1297)
Oct 27, 2021 (3 years ago)
All-time low
$0.20220
+113.00% ($0.22850)
Aug 18, 2023 (9 months ago)
ICO date
12/25/2020
ICO price
The price at which this crypto was first traded
$0
Circulating supply
The amount of this crypto that is publicly available in the market
1,158,566,405 1INCH
Market cap at circulating supply
Market cap = Circulating supply × Last price
$646.50M
Audits
The audit data comes from partners that we have integrated with via API. Our partners conduct security assessments on the provided source code.
CertiK
Last audit: 11/25/2021

About 1inch (1INCH)

The growth of cryptocurrencies opened up avenues for both centralized and decentralized exchanges. The latter dispels the need for an authority figure. Decentralized exchanges (DEX) only require users to connect to the blockchain to begin trading. 1inch (1INCH) is one such exchange.

What is 1inch

1inch is a decentralized exchange that aims to provide users with the best prices for cryptocurrency trades across multiple blockchains. By aggregating liquidity from various sources, the DEX efficiently splits trades across different exchanges to secure the most favorable prices for users. To do so, 1inch scans various DEXs to identify the best available prices and seamlessly reroutes users' trades to maximize their trading outcomes.

1inch team

1inch was co-founded by Sergej Kunz and Anton Bukov. The team at 1inch includes experts in technology, blockchain, marketing, and sales, among others, who contribute to the development and operations of the platform.

1inch has also received backing from notable investors and venture capital firms, including Binance Labs, Pantera Capital, and other prominent VCs.

How does 1inch work

1inch operates as a decentralized exchange aggregator that constantly monitors other DEXs to find the most competitive cryptocurrency rates for users. By utilizing smart contracts, 1inch efficiently routes customers' trades to the identified DEXs offering the best prices. This approach of searching through various exchanges helps to deepen liquidity and provide users with access to the most favorable prices available in the market.

To further deepen liquidity, 1inch offers users the opportunity to participate in liquidity mining. In return for providing liquidity to the platform, users can earn rewards in the form of additional tokens.

1inch's native token: 1INCH

1inch’s native token, 1INCH, powers the liquidity aggregator, liquidity protocol, and DAO. Beyond being an ERC-20 token, 1INCH serves as a governance token. 1INCH token holders are granted voting rights and can actively participate in shaping the future of the protocol. To do so, they can vote in favor of or against proposed changes and new parameters for the protocol.

1INCH tokenomics

There is a total supply of 1.5 billion 1INCH tokens and a circulating supply of over 413 million tokens. In addition to voting rights, 1INCH holders can earn rewards in the form of airdrops by holding the token.

How to stake 1INCH

1INCH holders can earn rewards when they commit a percentage of their holdings to the protocol. Staking on the 1inch protocol is straightforward. First, launch the 1inch dApp. Hover over the “DAO” tab and click “Staking” from the dropdown menu. Then, enter the amount of 1INCH you would like to stake, set the locking period, and click Give permission to stake. Sign the transaction in your connected wallet to finalize the process. Once completed, you will receive Unicorn Power that you can delegate to resolvers to start receiving rewards.

1INCH use cases

1INCH is more than a utility token; it plays a crucial role in the governance of the protocol, enabling token holders to vote on proposals put forward by the community. Additionally, 1INCH powers the liquidity mining process through staking. By staking their 1INCH tokens, users can contribute to the liquidity of the protocol and earn rewards in return.

Distribution of 1INCH

1INCH is distributed as follows:

  • 30 percent is reserved for community incentives.
  • 22.5 percent is designated for core contributors.
  • 18.5 percent is allocated to the first set of backers.
  • 14.5 percent is reserved for the network growth fund.
  • 12.2 percent is allocated to the second set of backers.
  • 2.3 percent is allocated to small-scale backers.

What does the future hold for 1inch

Touted as the leading DEX aggregator, 1inch provides a liquidity pool, token farming capabilities, and a truly decentralized governance model. These features set the DEX aggregator apart from others. With a dedicated team focused on integrating advanced software and tools to ensure optimal prices, 1inch is poised to maintain its relevance as a leading DEX aggregator.

1INCH FAQ

What is 1inch? 

1inch is a decentralized exchange that scans for the best prices across multiple exchanges, providing users with the lowest trading prices. 

What are the utility and benefits of holding 1INCH? 

The benefits of holding 1INCH include voting rights, participation in the protocol's governance ecosystem, and staking opportunities for earning returns.

Where can I buy 1INCH? 

Easily buy 1INCH tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include 1INCH/USDT and 1INCH/USDC.

You can also buy 1INCH with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for 1INCH with zero fees and no price slippage by using OKX TR Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into 1INCH, visit the OKX TR Crypto Converter Calculator. OKX TR's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

1INCH calculator
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1 1INCH ≈ $0.43070 USD
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