1inch is a DEX or decentralized exchange aggregator that works by finding the best trading or exchange routes throughout all the decentralized exchanges. It does this with the help of arbitrage bots and rerouting and splitting users’ trades across all the other DEXs.More
Users who want to purchase specific coins using their Ethereum will be subjected to 1inch’s algorithm that’s used for finding the cheapest trading alternative using liquidity protocols and various exchanges. The ideal process would be for them to swap their Ethereum for different currencies and between various protocols until it gets to their chosen cryptocurrency, this giving them the cheapest price possible."More
Do you want to buy 1inch (1INCH) with a credit card, or another payment option? This is possible easily and quickly at a crypto exchange such as Coinmerce.More
You want to buy 1inch? You can buy 1inch using Creditcard or SEPA at Coinmerce. Once you are logged in, you will see "Coins" in the top menu where you click on. Now you come to a page with all crypto coins that Coinmerce offers. If you don't see 1inch, use the search function to search for 1inch and click on the name. You can indicate for how many euros you want to buy 1inch in the right window. Below is shown how much 1inch you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy 1inch when the price of 1inch reaches your entered value. You can also execute a repeating order. Do you want to buy 1inch with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive 1inch.
Anton Bukov and Sergej Kunz are Russian developers with impressive backgrounds and experiences in auditing smart contracts. In fact, Kunz even live streamed several security audits for Ethereum smart contracts on YouTube. Eventually, they established 1inch in 2019. Together, they joined a number of hackathons in different parts of the world and as a result, received sponsorships from Kyber Network, Set Protocol, and MakerDAO. 1inch developed its own cryptocurrency called 1INCH token and it was launched on December 25, 2020. 1INCH is a governance token, which means it is utilized for voting on how the platform is managed and run. At the end of 2020, 1inch organized an airdrop event and those who provided money to Mooniswap, the platform’s liquidity protocol, were able to get 1INCH tokens. The ideal way to do this is to stake other people’s cryptocurrencies.