Topic: 1inch discussion - page 4. (Read 1190 times)

Use all new dex exchange without token yet because in the future maybe they will mint token just like Uniswap and this one 1inch exchange I did not use this also since fees is really high compared to uniswap this is one of the disadvantage of 1inch fees are like 10-15 usd per trade which is too high if you are trading small amount only.

I missed uniswap airdrop and now, I can't believe I missed this one too, this is unbelievable and so disappointing for me, am an active crypto user but can't believe I keep missing this important airdrops, I think I have to learnt to try out new products and not just stick with one, I've been using uniswap since before and after the airdrop, I never bothered trying other decentralized exchanges even though I've seen many including 1inch, but it never occured to me to try it out
.

Sorry I didn't see this title in time. I haven't even heard of this 1inc name until now. The price of not hearing resulted in not being able to receive airdrop tokens. Those who buy and sell tokens have really seen the future and are very lucky.

You can read about the rest of the token distribution in this article:
https://1inch-exchange.medium.com/1inch-token-is-released-e69ad69cf3ee

"1INCH tokens will be additionally distributed to users who provide liquidity for these 6 pools:

1INCH-ETH
1INCH-DAI
1INCH-WBTC
1INCH-USDC
1INCH-USDT
1INCH-YFI

During the first two weeks of the current incentive program, another 0.5 percent of the 1INCH token’s total supply will be distributed to liquidity providers. Subsequent liquidity mining programs will be determined by 1INCH holders and community members.
In order to ensure a fair launch and give users adequate time to prepare, the 1inch liquidity mining program will be launched on December 26, midnight (UTC).

1INCH circulating supply

The initial circulation supply on the release day will be 6% of the total issuance plus 0.5% during the first two weeks of the liquidity mining program. The current total supply is 1.5 bln 1INCH tokens.
Token unlock schedule

Community incentives

30% of the total token supply has been allocated to community incentives, and they will be unlocked and distributed over the next 4 years. The goal is to step up the level of decentralization in the DAO and give each community member an opportunity to take part in protocol governance and influencing the protocol’s security.

Protocol growth and development fund

14.5% of the supply, unlocked over a 4-year period, will form the protocol growth and development fund. It will be used to issue grants, to attract developers to build on and improve 1inch protocols, to finance audits, and to compensate users for their losses due to any kind of unforeseen circumstances."

Congrats to all 1inch users 21st September 2020 we introduced you with 1INCH and if you did even one trade then you might be having $2500 in your wallet. I am eligible for this airdrop. Thanks 1inch.

I couldn't keep the 1inch coin in my wallet.
Little did I know that this coin would pump so fast.
It is my regret as an investor.
Anyway I was waiting for an opportunity.

You can also study these services, perhaps after a while they will also want to distribute their tokens to users.
It looks like this behavior is becoming a tradition
https://bitcointalksearch.org/topic/swaps-list-5276937
Many users after uniswap began to use several wallets

congra for ppl who get airdrop, that's great  If 1inch change condition to get airdrop like Uniswap. Sadly  i traded on 1inch but don't get airdrop. 

It's very big especially for early adopters who donate LP in certain tokens, unfortunately I only used that dex once and only got 600 free 1nch tokens but I'm grateful about that because at uniswap event I didn't get UNI token

Got lucky to have some free 1inch tokens again. Their giveaway is much bigger than uniswap but let see if their price would beat the Uniswap ATH when got listed on major exchanges.

Binance and Okex listed 1inch right away too having a good and decent volume Id love to see whether I dumped it on a good price. Defi giveaway is really sweet. Wonder those defi haters have to say.

Ohh man, I missed this again. First, it was Uniswap and now this is 1inch. Have you got this distribution?

Distribution of tokens from 1inch

Go to https://1inch.exchange/#/
We connect your wallet if you have used this service before
Click on the button (shown by the arrow in the figure)
We take away your reward - 1inch tokens.

https://www.ethgasstation.info/
1inch ranks 6th in terms of commissions on the Ethereum network

I read that 1inch will use Near protocol for Mooniswap. How their (NEAR) coins will be used there? Or just their tech?

Liquidity mining update: 1inch announces stage 2 of liquidity mining program
https://1inch-exchange.medium.com/

"To offer an additional reward to our invaluable community, we are launching stage 2 of our liquidity mining program, in which an extra 1% of the 1INCH token supply will be distributed among liquidity providers.
Following the launch of our liquidity mining program back in August, we have received extensive and valuable feedback from the 1inch community. Based on that feedback, we are now unveiling the second stage of our liquidity mining program, aimed at further incentivizing early providers of liquidity to four selected Mooniswap pools.
Under stage 2, 1inch will distribute an additional 1% of the 1INCH token supply among users upon the issue of the token. …"

It is very difficult to answer your question because need to make calculations. A lot depends on the purchase price of CHI token, on the current commissions on the network and on the amount of your transactions. I said that it is not always profitable to use 1inch, because it is designed for large volumes. Uniswap is suitable for small transactions.

Introducing 1inch v2 — DeFi’s fastest and most advanced aggregation protocol
https://1inch-exchange.medium.com/introducing-1inch-v2-defis-fastest-and-most-advanced-aggregation-protocol-c42573dc3f85

"We have also added a table showing a user’s return value in USD. Previously, we showed how many coins a user gets and the size of the gas fee. Now, the user sees an entire value of their deal in USD."

How much rebate do CHI tokens gives to users when we use them as transaction fees on 1inch? BTW does CHI only works on limit orders or it can be used for swapping at well? Would really love to find out more about how CHI works.

https://www.ethgasstation.info
Now, and so inexpensive commissions on the Ethereum network.
You can benefit from using CHI token if you purchase it when fees are cheap and use when fees are expensive.

1inch is a project that finds excellent solutions for a large exchange, it uses various decentralized services and allows you to profitably make an exchange in 1 transaction. If you change small volumes (several thousand dollars or less), then it is more profitable to change on Uniswap.

I have heard a lot about 1inch.exchange but so far have never gotten around to use the exchange. Did you ever use their swap feature? If yes, then is it true that we can lower the transaction cost if we use their token CHI?

Are the guys planning to add some more decentralized exchangers? There are already applicants. Serum, for example

I have not heard of the sale of 1inch or Uniswap tokens yet.
1inch has a functional token Chi, which you can read about here:
https://medium.com/@1inch.exchange/everything-you-wanted-to-know-about-chi-gastoken-a1ba0ea55bf3

These projects need to be monitored, they will play a decisive role in the further development of cryptocurrencies.