The 1INCH token is much more than an ERC-20 utility token: it is an instant governance token that is used to govern the performance of the liquidity aggregator. The 1INCH token allows any holder to wager their coins in order to make a profit.
Those who choose to stake their tokens will receive rewards from the swap fee and the price impact fee. Holders of 1INCH tokens will also have the right to vote on changes to both parameters by receiving governance awards.
The 1Inch Network (1INCH) dApp looks very similar to a traditional exchange and can be defined as a new generation Authorized Market Maker.
The functioning of the mechanism underlying the ecosystem is given by the liquidity protocol, which allows anyone interested to provide liquidity within the system by participating in the so-called liquidity pools.
The operation made available by 1inch Network (1INCH) allows users to immobilize a certain amount of assets by increasing liquidity and receiving rewards in 1INCH tokens for the work done.
Furthermore, its aggregation protocol is based on a system and allows you to dissect a single transaction on multiple DEX operators, thus trying to guarantee the most efficient rates. The control and management center is represented by the 1INCHv4 smart contract, used to verify the runtime and to initiate transactions.
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For smartphones and tablets, our engineers designed the 1INCH Network (1INCH) Exchange App. It's compatible with iOS and Android devices and offers the same features as our PC site.
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