Image for post
Image for post

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. …


1inch swaps will now be available directly in MEW users’ wallets.

Image for post
Image for post

As we aim to offer our users more diverse options for crypto swapping and staking, also improving their experience, we are happy to announce an integration with MEW (MyEtherWallet), a well-known wallet and client interface for interaction with the Ethereum blockchain.

Wallet integrations are essential to 1inch as they enable users to take advantage of our services directly in their wallets. Meanwhile, with more than one million monthly users, MEW is one of the most popular Ethereum wallets in operation.

This integration will expand MEW’s functionality for swapping coins directly from within their wallets, adding more options. …


Image for post
Image for post

We are thrilled to unveil 1inch’s version 2. The main highlights are Pathfinder, an API that contains a new discovery and routing algorithm, and an intuitive, user-friendly UI. The improvements ensure the best rates on swaps, while dramatically cutting response time.

TL; DR


Image for post
Image for post

Introducing the first round of winning hacks on 1inch, we are looking back at 1inch’s inspirational journey, which started with an ETHGlobal hackathon.

Back during the dark depths of crypto winter, two smart white-hat hackers, Anton and Sergej, started attending the fun, productive ETHGlobal hackathons in order to dive further into Ethereum. They started with ETH Singapore in December 2018. Six months later, they came to ETH NYC where the idea of 1inch was born. The 1inch MVP did not win the hackathon — or even a sponsor prize. …


Image for post
Image for post

In the first article of a series on the 1inch team’s key members, we’re introducing co-founder and CEO Sergej Kunz.

Sergej got his first computer at the age of 13, and the first thing he did was disassemble and reassemble it to figure out how computers work. Unlike his friends, most of whom spent hours playing computer games, he was less interested in gaming and more in programming.

At the time, Sergej didn’t even have an internet connection, so he had to go to a library to download educational materials on programming. …


Image for post
Image for post

As we constantly work on improving the security of our service, we are glad to collaborate with Hacken, an established provider of cybersecurity solutions.

We at 1inch have always been taking security very seriously. Now, it is time to take the protection of our users to a new level, and we are happy to be doing this in collaboration with Hacken.

Hacken has an excellent track record in the cybersecurity field, as well as expertise in code and infrastructure auditing.

To add an extra layer of protection for our users, we plan to collaborate with Hacken in several areas, including auditing code, APIs and infrastructure. …


Image for post
Image for post

This blog post is NOT A FINANCIAL ADVICE!

As 1inch continues to constantly work on offering our users diverse options for trading and revenue, we are excited to announce a partnership with xBTC, Social Capital’s first token.

As part of the partnership, xBTC (https://xbtc.fi) will have an exclusive IMO (Initial Mooniswap Offering).

This partnership is going to be mutually beneficial, exposing xBTC to a wider audience, while also enabling 1inch users to benefit from xBTC trade volumes.

“IMOs on 1inch are more attractive for token issuers than other platforms because we provide protection from so-called front running,” says Sergej Kunz, 1inch co-founder and CEO. “In turn, 1inch liquidity providers will benefit from the xBTC IMO as there will be substantial trade volumes at the initial stage and they’ll be able to collect significant interest.”


Image for post
Image for post

We’re thrilled to announce a partnership with TRON, one of the world’s most popular blockchains.

Under the partnership deal, 1inch will fully integrate with JustSwap, TRON’s decentralized trading protocol for automated liquidity provision, and our AMM, Mooniswap, will integrate into TRON’s blockchain.

“Thanks to the partnership, Mooniswap and 1inch users will enjoy the best-in-class advantages that come standard with TRON’s blockchain,” said Sergej Kunz, Co-Founder and CEO of 1inch. “These include faster, cheaper service, high-throughput scalability, huge developer community and a massive social media following.”

Support of the TRON blockchain in 1inch will enable 1inch users to get the best rates for TRON assets. …


Image for post
Image for post

Disclaimer: 1inch network token is not yet released. Please, wait a couple of weeks for the official release announcement.

The 1INCH token is not an investment, it is an instrument that will help us build a decentralized permissionless network.

Update: The 1inch token is not for sale to users. It is a reward for using 1inch products. The tokenomics has not yet been disclosed. The sophisticated token architecture will create a virtuous circle in which users benefit from use. The system will be mark the most efficient and benevolent structure to ever hit the market.

1inch was founded just over a year ago by Anton and Sergej at ETHNewYork hackathon. Originally, the two white hat hackers were just looking for a solution for their own trading strategy. It was exhausting and inefficient to check for the best trading prices on all the DEXs — e.g. Uniswap, Kyber, 0x — before placing a trade. They — like all crypto users — needed an elegant algorithm to search every DEX for the best trading price and instantly deliver an optimized trade. The solution came with 1inch — a decentralized exchange aggregator that sources liquidity from various exchanges and is capable of splitting a single trade transaction across multiple DEXs, routing it through connector tokens. …


Image for post
Image for post

The successful closure of the first investment round is set to fuel the exchange aggregator’s exponential growth.

Another big day for 1inch — our team is happy to close the first investment round, in which we raised $2.8 mln from top institutional investors, including Binance Labs, which led the funding round, as well as Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX, IOSG, LAUNCHub Ventures, Divergence Ventures, Loi Luu, the Founder of Kyber Network, and Illia Polosukhin, the Co-Founder of NEAR Protocol.

“DEX aggregation is a critical building block that co-enabled the most recent DeFi boom. It allows executing large order sizes at low slippage rates. 1inch has become the de facto interface for trade execution in DeFi, with aggregate volumes surpassing $1 billion,” said Binance Founder and CEO Changpeng Zhao “CZ”. “It is of great pleasure to support the 1inch team in their relentless quest to drive user adoption in DeFi.” …

About

1inch

DEX Aggregator with the best prices on the market. Achieving best rates by splitting orders among multiple DEXes in one single transaction.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store