1inch 1INCH
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Binance Tier 1
Blockchain Capital Tier 1
Fabric Ventures Tier 1 1INCH1inch
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Short Review 1inch
Crypto project 1inch (1INCH) is classified as a DEX. 1inch is a Utility token that is hosted on the Ethereum Network. The current total supply is 1.50 B 1INCH (Circulating Supply + Tokens yet to be released - Burned Tokens). A total of 18.00 M 1INCH (1.20% of total tokens) have been allocated for the public sale. The level of social activity of the 1inch project is assessed as Medium.
1inch ICO Overview
Estimated date for the public token sale: 30 December 2019. (1INCH) You can purchase project tokens for ETH
1INCH Price Chart
The launch of 1INCH token trading took place on 25 December 2020.
Fundraising Rounds
Total sold 134.67 M 1INCH tokens (0.09% of total tokens). Total amount of funds raised by the 1inch project is $189.80 M.
| Investment Round | Date | Price | Funds Raised |
| Series B Round | December 1, 2021 | $1.50 | $175.00 M |
| Community Token Distribution | February 12, 2021 | airdrop |
10.51 M 1INCH |
| Community Token Distribution | December 25, 2020 | airdrop | 7.50 M 1INCH |
| Series A | December 2, 2020 | -- | $12.00 M |
| Seed | August 11, 2020 | -- | $2.80 M |
1inch Investors
Binance Tier 1 Blockchain Capital Tier 1 Fabric Ventures Tier 1
Dragonfly Capital Tier 2
Fenbushi Capital Tier 2
Galaxy Digital Tier 2
IOSG Ventures Tier 2
Pantera Capital Tier 21inch Network (1INCH) cryptocurrency
1INCH is a network token ;Ethereum, which powers a decentralized exchange 1inch that aims to offer “the best rates by discovering the most efficient exchange routes on all leading DEX". The main idea of the project is to provide DeFi users with the fastest and most secure cryptocurrency exchange service.
History of the 1inch Network project
The 1inch network was created by two Russian specialists. One of them is Sergei Kunz, a former Porsche software engineer. The other is Anton Bukov, former senior smart contracts engineer at NEAR. They developed the idea for the future 1inch network within 36 hours at the ETHGlobal hackathon in New York. 1inch was launched in 2020 with an airdrop of 18.00 M 1INCH tokens to the community.
Advantages of 1INCH
Despite the fact that 1inch Network is a relatively new project, it has many interesting and useful features. Here are the most significant of them:
- This is an aggregator. The network eliminates the need to look for the best tariffs, the service does it for its users.
- Users do not lose control of their savings. Assets and cryptocurrencies are not stored on the platform.
- Good reputation.
- Small commissions. The user pays only for the transaction itself.
Disadvantages of 1INCH
Do not forget that the project is still developing. However, it is important to remember that there are some things to pay attention to:
- For crypto users only. 1inch used for exchange only cryptocurrency and you cannot buy tokens on it using a card or other similar methods.
- No withdrawal to fiat.
- Difficult to use. b> Although the team tries their best to make interacting with the platform as easy as possible, it is believed that newcomers may find it difficult.
