The 1inch Airdrop is here, and you can claim your FREE 600 1inch worth $146.88 USDT! This new crypto airdrop is one of the latest and most legitimate airdrops on the market, so don’t miss out on this amazing opportunity to get free crypto. All you have to do is follow the simple instructions provided by 1inch, and you’ll be well on your way to claiming your free crypto! Don’t wait – sign up now and start taking advantage of this great airdrop!
About 1inch Network:
1INCH is an Ethereum token that powers 1inch, a decentralized exchange that aims to offer the “best rates by discovering the most efficient swapping routes across all leading DEXes.” Decentralized exchanges (a.k.a. DEXes) like 1inch enable users to transact tokens without an intermediary. 1inch aggregates token prices across decentralized exchanges in order to find the best prices for users.
What is 1inch (1INCH)? – 1inch is a network that connects multiple decentralized exchanges (DEX) into one unified platform. 1inch exchange allows users to compare and optimize their crypto trades and swaps without going through every exchange separately. The platform is unique because 1inch splits the order and uses APIs to find the best possible route for a token swap. This way, the 1inch protocol aims to offer the best possible rates to users. An API (application program interface) is a collection of protocols and software-building applications. Providing security and lowering gas fees are among the main objectives of the 1inch network. The platform claims to lower Ethereum gas fees by allowing the usage of Chi GasTokens.
The 1inch network uses multiple protocols, and the synergy of these protocols ensures fast and protected operations in the DeFi space.
Aggregation Protocol: This protocol sources liquidity from various exchanges and splits a single trade across multiple exchanges to offer the best rates. The core of this protocol is the V3 smart contract, which performs runtime verification of transactions. The aggregation protocol uses the pathfinder algorithm for finding the best paths across multiple markets in less than a second. The pathfinder algorithm finds routes across over 60 Ethereum liquidity sources, more than 30 Binance liquidity sources, and 30+ polygon and optimistic Ethereum liquidity sources.
Liquidity Protocol: This is an automated market maker (AMM) that allows users to automatically trade their assets using liquidity pools. The liquidity protocol provides liquidity to the pools and enables users to participate in liquidity mining programs to earn rewards.
Limit Order Protocol: This protocol facilitates an innovative and flexible limit order functionality. The protocol features no fees, dynamic pricing based on demand and supply, conditional execution of orders, and multichain support and fulfills requests for quotations. Furthermore, the protocol implements stop-loss orders, trailing stop orders, and auctions, making the protocol very flexible.
According to the website, 1INCH is the native token of the network. 1INCH is an Ethereum token that serves as a governance token and a utility token. The token is used in the governance modules of the aggregation protocol and the liquidity protocol. 1inch DAO is the decentralized organization that governs the network parameters and enables the 1Inch token holders to vote for protocol parameters and collect rewards. Besides, the 1INCH token is the network’s cryptocurrency and can be traded on many exchanges like Coinbase.
- Reward: 600 1INCH (~$146.88)
- Winner: Random winners
- Distribution: 18th September 2023.
How to Claim 1inch Airdrop:
- Here’s the Telegram Bot you need to start!
- Following the airdrop’s end, complete all tasks directed by the Telegram Bot in order to earn airdrop tokens.
- As well as this, you can get the Zeebu Airdrop.
- For Joining Reward: 600 1INCH ($146.88).
- For Each Referral: 200 1INCH ($48.96).
Note: Please watch the following video if you have trouble claiming the crypto airdrop!