1INCH-USD is the ticker symbol for the trading pair of 1 token of 1inch bought or sold using US dollars as the counter currency. Stated another way, it is the price of a single 1INCH in US dollars. Pairs can also be written as 1INCH to USD, 1INCH USD, and 1INCH/USD. An altcoin and the governance token that powers the Ethereum-based decentralized exchange (DEX) 1inch, 1INCH lets holders make decisions on the network. You can trade and invest in 1INCH for USD on eToroX, the professional, regulated crypto exchange of eToro, tapping into any of the trading tools on offer including crypto news, converters, and 1INCH USD price charts. Discover 1INCH trading on eToroX today.
eToroX, which was launched in 2019 to address the particular needs of professional crypto investors and other digital money enthusiasts, is part of the eToro Group, the innovative investment platform that aims to help traders everywhere gain access to the world of finance. eToro has gone further than other trading platforms by offering a feature-rich digital-only exchange for crypto. Users will find a useful array of advanced tools as well as a growing range of crypto assets, including in-the-news cryptocurrencies such as UNI, MANA, and ONI (as well as the familiar assets Bitcoin, Ether, Cardano, etc.). In addition to low fees, regulations provided by the Gibraltar Financial Services Commission (GFSC), a fiat gateway, FIX API, and an inverted Maker-Taker model, investors can utilize a credit line program to gain extra liquidity. This, in addition to the exchange’s commitment to safety, security, and transparency, makes eToroX a highly attractive and user-focused exchange perfect for 1INCH/USD investing.
1INCH is an altcoin and the native cryptocurrency that powers the decentralized exchange (DEX) 1inch. A DEX aggregator that was created to find and present the best rates on crypto, 1inch scours the crypto market seeking the best token prices (as well as low fees), and then offers them on its platform. 1inch was founded by two crypto developers and entrepreneurs. Sergej Kunz and Anton Bukov, in 2019. The following August, the network received $2.8 million in funding from serval blockchain-focused venture capital companies, and in December, it raised $12 million. A year later, in December 2021, 1inch closed another round of funding, this one worth $175 million. Today, in addition to being a DEX aggregator, 1inch offers several different protocols within the network, including the 1inch Limit Order Protocol and the 1inch Liquidity Protocol, an automated market maker (AMM). As the governance token for 1inch, 1INCH gives stakeholders the ability to vote on upgrades and other changes and make decisions on how the network operates within the parameters of the DAO (decentralized autonomous organization) model.
The current circulating supply of 415,743,991 1INCH tokens is roughly 30 percent of the total supply, at 1,500,000,000 1INCH, with no max supply stated. On the day of release, 6 percent of the tokens were issued, with plans that the supply of tokens would be released incrementally through the end of 2024. As the tokens are unlocked, they are to follow a specific distribution plan, with tokens going to backers and core contributors while a portion is used as community incentives and to support a 1inch growth fund. Once fully distributed, 30 percent of the tokens will go towards community programs as incentives, with another 14.5 percent used for the growth and development of the network’s protocols. The remaining supply will be distributed amongst funders. As of early 2022, 1INCH’s all-time low was under $1 1INCH USD in 2020, with an all-time high recorded in May 2021.
Due to regular changes in the market, it is not possible to know for sure where the 1INCH-USD pair is headed. Nevertheless, with diverse protocols, 1INCH may be a good way to boost diversification within your portfolio.
eToroX was created to address the unique needs of skilled, experienced crypto investors. As well as the wide array of features on the exchange, investors will benefit from eToroX’s commitment to offering an always-attractive crypto fee model. Deposits incur no fees, while crypto withdrawals have low fees determined by the asset. 1INCH to USD withdrawals have a 0.30000 withdrawal fee. Learn more about trading 1INCH/USD on eToroX today.