The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest and protected operations in the DeFi space. The 1INCH token is the governance and utility token of the 1inch Network. The token is applied in different capacities in the two existing protocols and will be used in the tokenomics of all new protocols released by the 1inch Network. 1INCH is a multichain token, currently available on Ethereum and BNB Chain over a bridge.

The 1INCH token enables protocol governance, allowing 1INCH stakers to vote for and receive rewards. The token is applied in different capacities in the existing protocols and will be used in the tokenomics of all new protocols released by the 1inch Network.

One of the key instant governance features is that 1INCH token stakers can constantly and dynamically vote to change protocols’ settings, without having to wait for proposals to be submitted or concluded.

Currently, the main application of 1INCH as a utility token is in the 1inch Liquidity Protocol where it is used as a connector to achieve high-efficiency routing.

Try our free 1inch (1INCH) portfolio tracker if you want to efficiently keep track of your 1INCH and other coin/token investments.

1inch (1INCH) - USD