1inch — is a liquidity aggregator of decentralized trading platforms. When placing an order on 1inch, the smart contract starts searching for which DEX exchange has the required pair, volume and, most importantly, where the best price is for you. The order can be executed through one DEX or distributed between several exchanges, due to the work of the Ethereum network smart contract.
DEX platforms often lack liquidity in trading pairs and the 1inch aggregator solves this problem. The order platform distributes to exchanges such as Mooniswap, Oasis, Kyber, Uniswap, Balancer, Bancor, Ox Relays, AirSwap and Pathfinder.
1inch was founded by Sergey Kunz and Anton Bukov in 2019 during the ETHNewYork hackathon. Since then, 1inch has raised approximately $15 million in funding from companies such as Binance Labs, Galaxy Digital, and Pantera Capital.
In addition, the 1inch platform has a token of the same name in the ERX20 format, which is used in its ecosystem and allows the community to participate in the development of the system.
There are 167,49 million 1INCH in circulation with a maximum supply of 1,5 billion.
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