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Ethereum: 0x111111111117dc0aa78b770fa6a738034120c302
DEX
Vision: Provide a unifying platform for the creation, transfer, and trade of digital assets.
- launched in 2019 by Anton Bukov and Sergej Kunz
- 1INCH is a decentralized exchange (DEX) aggregator that can split a single trade transaction among many DEXes and obtains liquidity from numerous exchanges. .
- The 1INCH Network includes a lot of features that make trading cryptocurrencies more efficient and cost-effective than utilising separate DEXes. These characteristics are:
- Aggregation of liquidity: 1INCH aggregates liquidity from different DEXes, users can always get the best rates for their trades.
- Routing optimisation: 1INCH routes trades via the most efficient paths, saving users gas fees.
- Limit orders: 1INCH supports limit orders, which allows users to set the price they want to buy or sell a cryptocurrency at.
- Gas refund program: 1INCH users who stake 1INCH tokens can receive a refund for a portion of their gas fees.
- Other DeFi tools available on the 1INCH Network include the following:
- The Liquidity Protocol: The Liquidity Protocol is a decentralized liquidity pool that allows users to provide liquidity to DEXes and earn rewards.
- The Limit Order Protocol: The Limit Order Protocol is a decentralized limit order system that allows users to place limit orders on DEXes.
- P2P transactions: 1INCH supports P2P transactions, which allows users to trade cryptocurrencies directly with each other.
- The Fusion mode: The Fusion mode is a feature that allows users to combine multiple trades into a single transaction, which can save on gas fees.
- The 1INCH Network is a popular DEX aggregator, and it currently has over $10 billion in total value locked (TVL).
Anton Bukov is the co-founder and CEO of 1INCH Network. He is an experienced software developer and entrepreneur with a passion for blockchain and cryptocurrencies. He has worked on a number of successful projects, including the bZx protocol and the 0x protocol.
Sergej Kunz is the co-founder and CTO of 1INCH Network. He is an experienced software developer with a focus on cryptography and distributed systems. He has worked on a number of successful projects, including the 0x protocol and the Loopring protocol.
1Inch AMM (Automated market maker)
AMMs substantially change the way users swap cryptocurrencies. Liquidity pools allow users to easily switch between tokens in a fully decentralized and non-custodial way. Meanwhile, liquidity providers earn a passive income from trading fees that is based on the proportion of their contribution to the pool.
$3.5M was raised in the Seed round by Binance Labs, Spartan Group, and Woodstock Fund.
$10M was raised in the Private Sale Round by Unknown.
$175M was raised in the Public Sale Option B (Series B round) by Jane Street Capital, Steadfast Ventures, and Jump Capital.
Total reported funding: 187.5 M
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