1inch Network
Name
1inch Network
Summary
The 1inch Network, is a DEX aggregator protocol that supports multiple chains, including Ethereum, BSC, Polygon, Optimism, and Arbitrum,
It was founded by Sergej Kunz, and Anton Bukov in 2020
1inch uses the Pathfinder algorithm to determine the best path among the different markets.
Rating
Symbol
1INCH
Overview
The 1inch Network brings many decentralized protocols whose synergy enables the most profitable, fastest, and most secure DeFi operations.
The 1inch Network's first protocol is a decentralized exchange (DEX) aggregator that searches deals across different liquidity sources and provides consumers with better rates than any single exchange. The 1inch Aggregation Protocol uses the Pathfinder method to determine the optimum pathways between over 70+ liquidity sources on Ethereum, 40 liquidity sources on Binance Smart Chain, 20+ liquidity sources on Polygon, 40+ liquidity sources on Avalanche, Optimistic Ethereum, Arbitrum, and Gnosis Chain.
Historical Price Movement (in INR)
Technology
The 1inch Network uses 1inch Aggregation Protocol is as its primary technology. This protocol employs a routing and discovery algorithm to locate the best transactions across a network of decentralized exchanges.
1inch is non-custodial, and all trades are made from a user's wallet on any of the supported blockchains and layer-2 networks in a single transaction.
Use of Native tokens in the ecosystem:
The 1inch token (1INCH) serves two primary functions:
As a governance token that grants voting rights to the 1inch DAO and as a utility token used as a connector in the 1inch Liquidity Protocol to achieve high-efficiency routing. It will also be employed in the future tokenomics of all 1inch Network protocols.
Core Contributor
22.5%
Small Backers
2.3%
Backers 1
18.5%
Community Incentive
30%
Network Growth Fund
14.5%
Backers 2
12.2%
Volume (As of 3rd April, 2022)
$227,309,959
Total Supply
1500000000
Circulating supply
413,776,772.51 1INCH
Crowd Sales
Throughout five rounds of investment, 1inch has raised a total of $189.8 million.
Funding
1/12/2021: Series B- $175M,
2/12/2020:Series A- $12M,
11/08/2020:Seed Round -$2.8M,
6/07.2020: Seed Round - NA,
21/02/2019: Venture Round - NA
Country
British Virgin Islands
Name of Organization
1inch Limited
Year Incorporated
2020
Registered Address
2nd Floor 116 Main Street ROAD TOWN, TORTOLA, VG1110 British Virgin Islands
Dispute Resolution and Governing Law
British Virgin Islands
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Anton Bukov | Co-Founder | Academy of Federal Security Service of Russia: Specialist (engineer), High-performance computing systems | 10 Yrs |
| Sergej Kunz | C0-Founder | NA | 12 Yrs |
Whitepaper 
