1inch network

1inch Network is a decentralised finance ecosystem that provides products designed for secure and efficient operations on Web3. It is built on Ethereum Blockchain and has expanded to other networks including Binance Smart Chain, Optimism, Polygon, and many others. 

Details

• Native Token: 1INCH
• Founders: Anton Bukov, Sergej Kunz
• Founded: July 9, 2020
• Headquarters: Tortola, British Virgin Islands

Key Features:

• By searching across various liquidity sources 1inch provides the users with the best possible rates for token swaps. 
• It has a user-friendly interface that is simple to navigate, allowing beginners to access it easily, and users can view their portfolio transaction history quickly.
• 1INCH is the platform's native token that can be used for governance, utility, ecosystem development, and network security.
• Improves user's asset management capabilities by offering portfolio tools that gives them a overview of their assets across different wallets and networks. 

It has raised a total funding of $192.6M over 9 rounds, the latest funding was raised on June 1, 2022. 

FAQs

1. What is the 1inch Wallet?

A secure multichain wallet that allows users to store, manage, and swap assets across supported networks.

2. Is 1inch Network free to use?

It can be used free of charge, although users will still be charged with the gas fees associated with a transaction on their chosen blockchain.