Cryptocurrency Q&A
When was the 1inch coin launched?
When was the 1inch coin launched?
charlotte_wright_coder
Sun Oct 20 2024
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5 answers
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The 1INCH coin, also known as the 1INCH token, was launched by the 1inch Network, a decentralized exchange aggregator. The token plays a crucial role in the 1inch ecosystem, facilitating transactions and serving as an incentive for users. While the exact launch date of the 1INCH token may vary depending on specific sources, it can be traced back to the establishment of the 1inch platform in 2019, with the token being introduced as a means to further enhance the functionality and user experience of the exchange.
5 answers
SumoStrength
Tue Oct 22 2024
1inch, a prominent decentralized exchange aggregator, introduced the 1INCH governance token on December 25th, 2020, through an airdrop to its user community. This move marked the inception of what the founders termed "instant governance," empowering users to participate in decision-making processes.
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ShintoSanctum
Tue Oct 22 2024
As part of this initiative, 1inch allocated 6% of its total token supply, amounting to 1.5 billion tokens, for distribution. This strategic allocation aimed to foster a decentralized and inclusive governance structure.
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lucas_jackson_pilot
Mon Oct 21 2024
Currently, the 1INCH tokens are actively circulating within the ecosystem, facilitating various transactions and enabling holders to exercise their voting rights in shaping the future of the platform.
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MysticMoon
Mon Oct 21 2024
Complementing its governance capabilities, 1inch also offers CHI tokens, which are traded not only on the 1inch exchange but also across various other reputable cryptocurrency platforms. This underscores the growing popularity and acceptance of 1inch's offerings.
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Carlo
Mon Oct 21 2024
BTCC, another noteworthy entity in the cryptocurrency space, is a leading exchange that provides a comprehensive suite of services. Its offerings encompass spot trading, allowing users to buy and sell cryptocurrencies at current market prices, as well as futures trading, enabling investors to speculate on future price movements.
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