Where to buy 1inch?

1Inch Network is a pioneering decentralized exchange (DEX) aggregator that provides users with optimal trading paths and prices by integrating multiple DEX liquidity sources. This platform was founded by Sergej Kunz and Anton Bukov during the 2019 ETHNewYork Hackathon. Since then, 1inch has grown into an important player in the DeFi field, supporting multiple blockchain networks and managing over $30 billion in liquidity.

Where to buy 1inch?

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Liquidity aggregation: The most significant feature of 1inch is its ability to aggregate liquidity from different DEX. This means that users no longer need to search for the best exchange rates on individual platforms, but can find the most favorable prices and lowest fee structures on 1inch. This ability is crucial for improving market efficiency, as it allows traders to exchange assets at lower costs without significantly affecting market prices.

Optimize transaction execution: Using the Pathfinder algorithm, 1inch can evaluate multiple exchange possibilities and ensure the best price. When users wish to exchange one token for another, Pathfinder will automatically select the exchange combination with the lowest sliding point and transaction fee, and sometimes even split transactions on different platforms to minimize costs.

Reduce slippage issues: The cryptocurrency market is highly volatile, which can lead to price fluctuations between transaction confirmation and execution, known as "slippage". By allocating transactions across multiple liquidity pools, 1inch has improved pricing transparency and accuracy, thereby reducing the impact of slippage.

Reducing Gas Fees: In addition to optimizing exchange rates, 1inch is also committed to reducing transaction costs, especially gas fees on Ethereum. For example, the Fusion feature aims to eliminate gas fees and reduce the risk of preemptive transactions, which is particularly advantageous for networks like Ethereum that are frequently congested.

Limit Order Protocol: In order to meet the needs of more advanced traders, 1inch provides a zero fee limit order function, allowing users to set trading instructions that will only be executed under specific conditions. In addition, ETH's gas free limit orders allow new users with zero ETH balance to participate in trading.

Governance and Community Participation: Holding 1INCH tokens not only grants users the right to vote within the 1INCH DAO, but also allows them to pledge these tokens to receive rewards or help process swap transactions. The implementation of DAO is divided into two stages, aiming to gradually transition to a fully decentralized governance model.