🔵 1INCH Exchange & Token on Ethereum & Binance – Decentralized Exchange (DEX) Aggregator – Review
We take a deep dive into the 1INCH exchange and token. A new DEX (Decentralized Exchange) aggregator. It allows one to find the best prices for any token quickly and most inexpensively. There’s staking ability, decentralized governance (DAO), staking pools, farming, and more. 1INCH is an ERC-20 token. Will it gain value as a newly emerging DeFi project? Let’s take a look!
● 1INCH official DEX:
● Learn more about the risks of “impermanent loss” when dealing with staking pools, with these two key references:
https://www.youtube.com/watch?v=pinqlyYTrg4
https://blog.bancor.network/beginners-guide-to-getting-rekt-by-impermanent-loss-7c9510cb2f22
#1inch #ethereum #bsc #bitcoin #btc #crypto #cryptocurrency #news #blockchain #tokens #coins #price
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If I read it correctly, it looked like Binance network was fee-cheaper, but you were getting over 4,000 1Inch on eth network and only like 410 1inch in trade for your 10 ETH on the Binance network.
So the exchange sounds very interesting. What's the utility of the token itself? Has it got a limited supply and is the supply already distributed?