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What is 1inch digital currency? Before examining the future of 1inch currency, we will explain the concept of this digital currency. 1inch Token is an ERC-20 token built on the basis of the Ethereum network. This token was launched in early 2020, but the 1inch exchange, which offers this token as its own token, started its operations in early 2019.
Currently, 1inch is ranked 97th by marketcap on CoinMarketCap website. The total number of 1inch tokens is limited to 1.5 billion and will be issued over a period of four years according to a set schedule. The program is as follows: 30% to ensure the security and strength of the network 22.5% to the 1inch developer and developer team 21% to develop the ecosystem 19.5% to investors and project stakeholders 5% to project consultants 2% to provide Liquidity of Uniswap project
1inch Protocol is a platform that aggregates all decentralized exchanges and uses an arbitrage robot to check the price of currencies for users to buy and offer the best price. This practice has made 1inch popular because users no longer need to check the price in all decentralized exchanges and have the best price whenever they want.
In addition to this issue, the high security of this cryptocurrency also makes the future of 1inch shine. In many decentralized exchanges, the network security is not high enough to be trusted, but 1inch has won the trust of users by offering low prices and high security.
To buy and sell 1inch, you must first create a user account in a valid exchange and then complete your authentication. This cryptocurrency is listed in many reputable exchanges such as Binance, Kocoin and Coinbase, which gives more credibility to the project.
The future of 1inch is directly dependent on the future of decentralized exchanges. If these exchanges have problems, 1inch can serve as a suitable alternative with the best purchase rate.
The future of 1inch currency depends on several factors. Although its growth graph is sometimes downward and sometimes upward, the number of investors of this currency still does not decrease. One of the important factors influencing the future of 1inch currency is the amount of users using centralized and decentralized exchanges. Although centralized exchanges now play a major role in the buying and selling of digital currencies, if we ignore these exchanges, 1inch can achieve the primary position among decentralized exchanges. This currency has provided us with the best features, including low purchase fees and the lowest price among competitors.
Normally, when we buy from centralized exchanges like Binance, we have less than 1% to worry about the exchange scamming our capital. Meanwhile, if we intend to buy from a decentralized exchange, we may need hours of research and follow-up to find the best and safest exchange. Considering all these interpretations and with the entry of an exchange like 1inch into the market, we will no longer need to research and buy with stress. Therefore, whenever there is a need to buy from a decentralized exchange, 1inch Exchange can be the best option. For this reason, the future of 1inch currency is estimated as a bright and growing future.
