1inch (1INCH) explained in 6 easy steps

1inch (1INCH) is a protocol providing its users filtering service for trading options by collecting data from multiple decentralized exchanges. The name and symbol of the governance  token of the protocol are called 1inch.

1. When was it founded and by whom?

It was developed by Sergej Kunz and Anton Bukov in 2019.

2. 1INCH’s infrastructure

1INCH runs on Ethereum blockchain.

3. What does it offer to users?

1inch offers its users efficiency in their transactions with real-time governance. It allows any user to determine the optimal option in its best interest among decentralized exchanges.

4. Can 1INCH be mined?

1INCH is not a type of cryptocurrency that allows mining activities.

5. All-time low, all-time high (ATH), and total supply

1INCH’s all-time low price was $0.5178 on June 18th, 2022 while all-time high price was $7.87 on May 8th, 2021. Total supply of the cryptocurrency is 1,500,000,000 1NCH and the circulating supply is 546,481,835 1INCH.

6. How to trade 1INCH on Paribu?

By clicking on the link, you can easily trade 1INCH.