The 1INCH token is the governance and utility token of the 1inch Network. The token is applied in different capacities in the two existing protocols and will be used in the tokenomics of all new protocols released by the 1inch Network. 1INCH is a multichain token, currently available on Ethereum and on BNB Chain over a bridge.
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UTILITY
Currently, the main application of 1INCH as a utility token is in the 1inch Liquidity Protocol where it is used as a connector to achieve high-efficiency routing.
GOVERNANCE
The 1INCH token is used to govern all of the 1inch Network's current and future protocols. It is utilized in the governance modules of the 1inch Aggregation Protocol and the 1inch Liquidity Protocol.
CROSSCHAIN
The 1INCH token is currently available on Ethereum and BNB Chain. The BSC integration was implemented over a bridge, with no extra token issuance.
TOKEN DISTRIBUTION
30% of the total token supply will go to community incentive programs. Another 14.5% form the growth and development fund that will be used to issue grants and incentivize developers to build on 1inch protocols. The remaining tokens will go to backers and core contributors.
1INCH FOUNDATION
A non-profit organization that issued the 1INCH token and is dedicated to fostering the 1inch Network and initiatives that benefit the network's community.
1INCH MISSION
The mission of the 1inch Foundation is to foster growth and expansion of the 1inch Network and incentivize contributions through grants and other capital deployment vehicles. The 1inch Foundation is focused on the following areas:
* Community: Engaging adopters and maximizing the network's decentralization through growing stakeowner numbers and their participation in DAO governance.
* Grants: Incentivizing individual developers and teams to build on the 1inch Network's protocols and contribute to protocol evolution.
* Farming programs: Running yield farming programs that have proven to be efficient bootstrapping tools for potential blue chips of the DeFi space, while offering users lucrative pool rewards.
1INCH DAO
A decentralized organization that governs the network, enabling 1INCH holders to vote for key protocol parameters. 1INCH token feature that enables community members to easily participate, benefit and vote for various protocol settings without lengthy voting periods.
1INCH DAPP
An entry point to the 1inch Network's tech. The 1inch dApp is No. 1 DeFi aggregator, offering access to the deepest liquidity and the best token swap rates on various DEXes, with unique features, including partial fill and the ability to find the best swap paths across multiple liquidity sources.
EXCHANGES TO BUY 1INCH
