What Is 1inch?
When investingin cryptocurrency, buying at the best price possible is important. This can be a challenge, as prices can vary wildly from one exchange to another, and second-by-second fluctuations make it difficult to compare crypto prices.
Savvy investors can use 1inch technology to buy crypto at the lowest price across exchanges, taking both base crypto prices and exchange fees into account.
Read: Looking To Diversify In A Bear Market? Consider These 6 Alternative Investments
What Is 1inch?
1inch is a decentralized exchange aggregator, or DEX aggregator. The company itself isnt an exchange. Instead, 1inch deploys protocols to find the best possible deals at the exact time investors want to buy crypto. The platform also features two other protocols:
- One is for making money as a liquidity provider.
- The other gives investors more control over the prices they pay when they buy cryptocurrency.
What Is 1inch Coin?
The 1inch DEX aggregator runs on the 1INCH utility token, which was launched in December 2020. The tokens are offered as rewards for those who participate in the 1inch Liquidity Protocol.
How Many 1inch Coins are There?
As of Sept. 28, 2022, there are 584.5 million 1INCH tokens circulating out of a maximum supply of 1.5 billion.
What Is 1inch Worth?
1INCH tokens are worth $0.5886 as of Sept. 28, 2022, and the market cap is just over $344 million.
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