About 1inch Network

What is the 1inch Network price today?

The 1INCH price is currently $0.27. The price of 1inch Network is +3.88% over the last 30 days. You can use the live 1inch Network chart to track the 1INCH/USD price in real time above, or compare the 1inch Network value today to its past performance using the 1inch Network price history tab at the top of this page.

What is the total supply of 1INCH?

The circulating supply is 1,031,481,651.74 1INCH, out of a total maximum supply of 0.00 1INCH.

What is the price prediction for 1inch Network?

The average 1inch price prediction values the coin at $6 by the end of 2025. Things like the economic climate, establishment support and acceptance, and the crypto market as a whole can all have an impact on the price.

It’s best to take predictions with a grain of salt but you can use expert estimates to help you understand the weight of opinion about a coin.

What is 1inch Network?

1inch is a decentralised exchange (DEX) aggregator that’s built on the Ethereum blockchain, which means it’s like a price comparison website for cryptocurrency. It compares the prices of cryptocurrencies across several exchanges so that its users can find the best value.

The 1inch network has its own cryptocurrency, which is also known as 1INCH. 1INCH is primarily popular as a crypto that you can trade but it also plays a role in how the network operates, as owners get certain voting rights.

How does 1inch Network work?

1inch works by gathering information from other decentralised exchanges and using it to send each order to the exchange that offers the best price. This process of gathering data is known as ‘scraping’.

Armed with this data, 1inch then routes each trade order to the best price using a piece of software that does this automatically.

How is the 1inch Network network secured?

1inch is a non-custodial exchange, which means it doesn’t hold any money. The DEX is merely a facilitator that matches up buyers and sellers. To use the exchange, you have to have your own crypto wallet, which is secured by a private key that only you know.

In addition, 1inch’s smart contracts – the ‘rules’ that govern the network, written in computer code – are constantly audited to make sure they are safe and there are no loopholes or security risks written into them. The details of each audit are available on the 1inch website.

What is 1inch Network used for?

The exchange offers a shortcut way to find the best cryptocurrency prices. Rather than having to search lots of exchanges individually, by using 1Inch you can quickly find the best rates just by telling it which crypto you want to buy.

Why does 1INCH have value?

The 1inch exchange is unique in the way it can split up orders to offer the best price. If the route to the best rate lies in dividing a buy order between two different sellers on different exchanges, 1inch can do so.

Ultimately, the 1inch crypto’s value comes from the success of the 1inch exchange. The more people that use it, the better. So features like being able to split orders are important. You can also stake any 1inch tokens you own, which is a way of making passive income and effectively earning interest on your money.

Who created 1inch Network?

1inch was founded by Surjey Kunz and Anton Bukov in May 2019, during a ‘Hackathon’ in New York. Bukov had previously worked in decentralised finance and with the NEAR Protocol, while Kunz comes from a more traditional software engineering background.

Where can I buy 1inch Network?

You can buy 1inch Network on a crypto exchange. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock platform.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.

Are there any other ways to invest in 1inch Network?

The simplest way to invest in 1inch Network is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a crypto ETF or a crypto fund. These are financial instruments that give you exposure to a group of leading cryptocurrencies, more suited to high net worth individuals.

Are there any 1inch Network alternatives?

There are other decentralised exchanges that offer a similar service. Investing in any of these coins is effectively a bet on the popularity and success of the exchange.

• Uniswap. Uniswap is the largest decentralised exchange in the world.
• 0x. 0x provides exchange infrastructure that developers can use to offer crypto trading on their own apps.
• Kyber Network. Kyber Network is an aggregator that finds the best crypto prices across lots of liquidity providers.

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