Discussion about 1inch

1inch is an aggregator for decentralized exchanges and also functions as a DEX. Check out the site here They just wrapped up a funding round of $2.8 million from major investors, including Binance Labs, Galaxy Digital, and others. It’s a big win for them! They also support limit orders, which is pretty cool. Mooniswap is another interesting project from them, where they’re shaking things up in the AMM space. If you're into swaps, you might wanna check it out.

I am interested in it as well. How does it work does it have it's own token which can be used as fees which shares the profit or something ? If so I think it might be a good investment .

Probably they have utility token that can be used as fee because they launch an ICO. They offer various liquidity pool for token just like uniswap but I don’t have any info about the complete used case of there utility token. This is same idea as Pillar wallet which integrates all exchange including DEX  in there own wallet app. The only difference was this project was very advance compared on development and I believe there exchange has a brighter future because you can buy the token @ lowest possible price on any DEX exchange while using only there own exchange. Kudos to the team! Another promising project. @OP, is the token is already tradeable and when can I buy some?

I have not heard of the sale of 1inch or Uniswap tokens yet. 1inch has a functional token Chi, which you can read about here: https://medium.com/@1inch.exchange/everything-you-wanted-to-know-about-chi-gastoken-a1ba0ea55bf3 These projects need to be monitored, they will play a decisive role in the further development of cryptocurrencies.

Are the guys planning to add some more decentralized exchangers? There are already applicants. Serum, for example

I have heard a lot about 1inch.exchange but so far have never gotten around to use the exchange. Did you ever use their swap feature? If yes, then is it true that we can lower the transaction cost if we use their token CHI?

https://www.ethgasstation.info Now, and so inexpensive commissions on the Ethereum network. You can benefit from using CHI token if you purchase it when fees are cheap and use when fees are expensive. 1inch is a project that finds excellent solutions for a large exchange, it uses various decentralized services and allows you to profitably make an exchange in 1 transaction. If you change small volumes (several thousand dollars or less), then it is more profitable to change on Uniswap.

How much rebate do CHI tokens gives to users when we use them as transaction fees on 1inch? BTW does CHI only works on limit orders or it can be used for swapping at well? Would really love to find out more about how CHI works.

It is very difficult to answer your question because need to make calculations. A lot depends on the purchase price of CHI token, on the current commissions on the network and on the amount of your transactions. I said that it is not always profitable to use 1inch, because it is designed for large volumes. Uniswap is suitable for small transactions. Introducing 1inch v2 — DeFi’s fastest and most advanced aggregation protocol https://1inch-exchange.medium.com/introducing-1inch-v2-defis-fastest-and-most-advanced-aggregation-protocol-c42573dc3f85 "We have also added a table showing a user’s return value in USD. Previously, we showed how many coins a user gets and the size of the gas fee. Now, the user sees an entire value of their deal in USD."

Liquidity mining update: 1inch announces stage 2 of liquidity mining program https://1inch-exchange.medium.com/ "To offer an additional reward to our invaluable community, we are launching stage 2 of our liquidity mining program, in which an extra 1% of the 1INCH token supply will be distributed among liquidity providers. Following the launch of our liquidity mining program back in August, we have received extensive and valuable feedback from the 1inch community. Based on that feedback, we are now unveiling the second stage of our liquidity mining program, aimed at further incentivizing early providers of liquidity to four selected Mooniswap pools. Under stage 2, 1inch will distribute an additional 1% of the 1INCH token supply among users upon the issue of the token. …"

I read that 1inch will use Near protocol for Mooniswap. How their (NEAR) coins will be used there? Or just their tech?

Distribution of tokens from 1inch Go to https://1inch.exchange/#/ We connect your wallet if you have used this service before Click on the button (shown by the arrow in the figure) We take away your reward - 1inch tokens. https://www.ethgasstation.info/ 1inch ranks 6th in terms of commissions on the Ethereum network

Ohh man, I missed this again. First, it was Uniswap and now this is 1inch. Have you got this distribution?

Got lucky to have some free 1inch tokens again. Their giveaway is much bigger than uniswap but let see if their price would beat the Uniswap ATH when got listed on major exchanges. Binance and Okex listed 1inch right away too having a good and decent volume Id love to see whether I dumped it on a good price. Defi giveaway is really sweet. Wonder those defi haters have to say.

It's very big especially for early adopters who donate LP in certain tokens, unfortunately I only used that dex once and only got 600 free 1nch tokens but I'm grateful about that because at uniswap event I didn't get UNI token

congra for ppl who get airdrop, that's great  If 1inch change condition to get airdrop like Uniswap. Sadly  i traded on 1inch but don't get airdrop.

You can also study these services, perhaps after a while they will also want to distribute their tokens to users. It looks like this behavior is becoming a tradition https://bitcointalk.org/index.php?topic=5276937 Many users after uniswap began to use several wallets

I couldn't keep the 1inch coin in my wallet. Little did I know that this coin would pump so fast. It is my regret as an investor. Anyway I was waiting for an opportunity.

Congrats to all 1inch users 21st September 2020 we introduced you with 1INCH and if you did even one trade then you might be having $2500 in your wallet. I am eligible for this airdrop. Thanks 1inch.

You can read about the rest of the token distribution in this article: https://1inch-exchange.medium.com/1inch-token-is-released-e69ad69cf3ee "1INCH tokens will be additionally distributed to users who provide liquidity for these 6 pools: 1INCH-ETH 1INCH-DAI 1INCH-WBTC 1INCH-USDC 1INCH-USDT 1INCH-YFI During the first two weeks of the current incentive program, another 0.5 percent of the 1INCH token’s total supply will be distributed to liquidity providers. Subsequent liquidity mining programs will be determined by 1INCH holders and community members. In order to ensure a fair launch and give users adequate time to prepare, the 1inch liquidity mining program will be launched on December 26, midnight (UTC). 1INCH circulating supply The initial circulation supply on the release day will be 6% of the total issuance plus 0.5% during the first two weeks of the liquidity mining program. The current total supply is 1.5 bln 1INCH tokens. Token unlock schedule Community incentives 30% of the total token supply has been allocated to community incentives, and they will be unlocked and distributed over the next 4 years. The goal is to step up the level of decentralization in the DAO and give each community member an opportunity to take part in protocol governance and influencing the protocol’s security. Protocol growth and development fund 14.5% of the supply, unlocked over a 4-year period, will form the protocol growth and development fund. It will be used to issue grants, to attract developers to build on and improve 1inch protocols, to finance audits, and to compensate users for their losses due to any kind of unforeseen circumstances."