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What is 1inch Network (1INCH)?

What is 1inch Network (1INCH)?

1inch Network


What is 1inch Network (1INCH)?

1INCH was founded in 2020 by Sergej Kunz and Anton Bukov both with extensive experience in the cryptocurrency industry. Kunz worked as a senior developer at the Commerce Connector price aggregator, while Bukov has specialized as a software developer since 2002 and has worked in decentralized finance since 2017.

1inch Network (1INCH) represents a new generation ecosystem aimed at playing the role of aggregator within the DeFi market, a sort of digital analyzer able to search and propose the best solutions on DeFi protocols automatically.

Through the synergy of different decentralized protocols, the 1INCH network makes it possible to identify the potentially most efficient operations within the market through its internal functions. The efficiency of an operation means that it is more protected, faster, and more profitable through protocols based on DeFi.

Talking about DeFi finance means focusing on a sector that aims to revolutionize traditional aspects related to similar transactions and operations without a private control group. In this regard, it should be noted that 1inch Network (1INCH) is governed by the owners of the 1INCH token, which represents the utility and governance asset within the ecosystem with its own performance and value.

All this is possible thanks to the presence of a real decentralized autonomous organization called 1INCH DAO. The same allows all those who are willing to stake their crypto assets to participate in the management of the project actively.

1INCH DAO's 1inch Network (1INCH) governance decisions can involve things like upgrades, network enhancements, and more.

What's 1inch Network (1INCH) price?

By combining prices from major centralized exchanges, YouHodler produces a reliable price chart for 1inch Network (1INCH).

Where to buy 1inch Network (1INCH)?

Clients may simply purchase 1inch Network (1INCH) at YouHodler.com or through the YouHodler app (Android and iOS). There are several buying options available, including:

  • With a credit card
  • With a debit card
  • With cryptocurrencies
  • With stablecoins

How to earn interest on 1inch Network (1INCH)?

Sign in to your YouHodler account and go to your 1INCH wallet to start earning interest on this coin. To deposit 1INCH, select "deposit" from the drop-down menu. After the transaction is completed, your 1INCH will begin collecting 4% interest right away, with weekly installments arriving seven days later. Interest accumulates over time.

How to take a loan with 1inch Network (1INCH)?

Do not sell your 1INCH. You may use it as collateral to receive a crypto loan right away. To utilize our crypto loans tool, simply log into your YouHodler account. Deposit 1INCH as security and receive your money in minutes.

How to trade1inch Network (1INCH)?

The price of 1INCH is always fluctuating. Multi HODL allows you to profit from the volatility of 1inch Network (1INCH). YouHOdler's Multi HODL function is a breakthrough trading feature. With multiplier values as high as x50, traders may rapidly and simply long or short the market. Multi HODL offers a new approach to trade 1inch Network (1INCH) today.

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