Investors often have to follow multiple exchanges to engage in buying and selling activities. 1inch, as a project focused on decentralized exchanges (DEX), offers its users the opportunity to track multiple exchanges from a single platform. This way, 1inch users can find the most favorable buying and selling rates across multiple DEXs and execute their transactions.
After raising a $2.8 million fund from investors like Binance Labs and Galaxy Digital, 1inch was launched in August 2020. In December 2020, it raised an additional $12 million fund led by Pantera Capital. Within the same month, 1inch released its governance token called 1INCH, and its governance was handed over to a DAO.
Since its token launch, 1INCH has gained attention with its price movements. At the time of writing this article, 1INCH Coin was valued at $2.69 and ranked 102nd in terms of market capitalization according to CoinMarketCap data. Currently, there are 72,164,169 1inch Coins in circulation, and it is expected to reach a maximum supply of 1,500,000,000.
In addition, 1inch Coin reached a record high of $2.92 on December 25th, while it saw a low of $0.76 in December 2020.
1inch Coin can be purchased quickly and securely through Binance, the world’s largest platform in terms of crypto trading volume. After creating an account on Binance, 1inch Coin can be easily purchased thanks to factors such as liquidity, security, and speed.