1inch Network is a network of decentralized protocols. The 1inch Network provides services and operations to users in the Decentralised Finance (DeFi) space. 1inch claims to utilize the availability of the various existing blockchain networks in order to provide users ease in exchanging digital assets. Various digital smart contracts and physical institutions compose the different parts of the 1inch ecosystem.

1inch Token is the native utility token as well as a medium of governance for the 1inch platform. The 1inch Token aims to be available and compatible on different blockchain networks in order to provide maximum usability to the users. The different networks are integrated seamlessly on the 1inch platform. The primary utility of the 1inch Token is to fuel the functionalities of the platform’s liquidity protocol. The token is also required to govern the existing network protocols as well as proposed protocols. Thirty percent of the total token availability is reserved for the growth of the ecosystem. 1inch Token holders may participate and vote on protocol settings.

The 1inch Network aims to be governed by the token holders, thereby leading 1inch to become a decentralized autonomous organization (DAO). The 1inch Foundation issues the 1inch Tokens and also initiates activities that help the network to grow. The total supply for the 1inch Token is fixed at 1.5 billion.

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