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DeFi Platform 1inch Releases Governance and Utility Token 1INCH

Amy Liu

Summary: The team behind the DeFi platform 1inch is releasing a governance and utility token, according to today's announcement. The 1INCH token will be used for both the platform’s automated market maker protocol and its decentralized exchange aggregator service. The proceeds are split between the referrer and the governance reward, with the proportion going to each ...

The team behind the DeFi platform 1inch is releasing a governance and utility token, according to today's announcement. The 1INCH token will be used for both the platform’s automated market maker protocol and its decentralized exchange aggregator service. The proceeds are split between the referrer and the governance reward, with the proportion going to each decided by the DAO. Additionally, there will be a liquidity mining program introduced for 6 new pools, pairing the 1INCH tokens with ETH, DAI, WBTC, USDC, USDT and YFI.

By Amy Liu

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