【DEX skyrockets! What coin is 1inch? Defi, the leading cross-chain aggregator, is it worth buying? Why is the long-term a dark horse? 】
Twelve-word guideline given in the early stage of the new strategy
The big pie is stagnating, and the copycat sector is rotating
Today the DEX (decentralized exchange) sector is booming. Last night and this morning, relevant currencies were introduced and recommended. Uni, sushi, and dydx all violently rose. Pushing one by one and pulling one by one gave us a chicken leg.
★Keep mining this coin! DEX cross-chain aggregator leader, 1inch.
1INCH is a functional token issued by the 1inch trading platform. The purpose of the platform is to ensure that the protocol integration on the aggregator remains permissionless, protects the development ecosystem and rewards governance funds. It will also be used for network security. staking. 1inch emphasized that 1INCH is not an investment, but a tool that can help the platform build a decentralized, permissionless network.
1inch consists of the 1inch.exchange DEX aggregator and the 1inch Liquidity Protocol (formerly known as Mooniswap).
1inch.exchange DEX aggregator: uses advanced algorithms to discover the most effective exchange paths by searching more than dozens of liquidity protocols, so that traders can obtain the most effective trading prices.
1inch Liquidity Protocol: An Automated Market Maker (AMM) that utilizes a new mechanism called “Delayed Price Updates” to protect exchangers from front-running, increase Liquidity Provider (LP) earnings and reduce Arbitrage profits.
In addition, the 1INCH token is the native ERC-20 token of the 1inch protocol. It is a governance and functional token that will be used to govern all protocols developed by 1inch (starting with 1inch.exchange and 1inch liquidity).
1inch As a DEX aggregator, 1inch draws liquidity from many different DEXs to provide limited slippage on large orders. This allows funds to be withdrawn in a way that is beneficial to traders, ultimately providing them with the best price for their orders.
Taken together, 1inch is very suitable for large-volume transactions due to aggregation, and 1inch provides swaps, limit orders and loan interest rates. I believe that with the trend of decentralized exchanges, 1inch has promising future prospects.
[Disclaimer, we only provide objective currency information and do not serve as a basis for investment]
★Pay attention to new strategies and don’t get lost in the bull market!
