Sunday, January 17, 2021

DFI Christmas: Dex Aggregator Launches Governance Token to Launch 1 Inch Unisept – Coindesk

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Decentralized Exchange (DEX) aggregators have issued 1-inch own administration tokens.

Users of Munispap Dex, 1 inch and established by the same executives, will be rewarded by Christmas gift There are opinions on issues like fees, referral rewards and other aspects of administration.

The 1 token named INCH and running in the Ethereum blockchain, will be distributed to all wallets that have previously contacted 1 inch (subject to certain business conditions). The grant follows the approach adopted by UNICEF, which surprised the forgotten past users of UNI tokens (which at the time could cost more than $ 1000 dollars). September.

Similar again Anispap, 1 inch is also announcing a liquidity mining program that will be launched on December 26 for 1 inch liquidity suppliers.

Muniswap has been renewed as a 1-inch liquidity protocol instead, bringing all of the team’s startups under one brand, 1-inch spokesman Sergei Maslenikov told Koindesk.

Just as UNISAP’s UNI Airdrop has stepped up activity on the site, CEO Serez Kunj said the new token would help speed up the growth by 1 inch.

“With the right community encouragement, we are seeing an opportunity to get a critical amount of fluids to defeat UNICEF,” Kunz told Kindesk through a spokesman.

Kunj estimates that about 50,000 wallets will supply 6% of the 1INCH supply in the first phase of distribution. 1INCH’s current supply is 1.5 billion tokens.

Among other things, 1 INCH token holders will be able to vote in the settings of the so-called spread surplus pool, which accumulates the “left parts” of the swap transaction when the price of the swap token changes during the transaction.

“Let’s say any user switches some ETH for DIA and see how much DII they should get. “If the price changes during transaction processing and the user should get more DAI for their ETHT, it is a spread surplus,” Maslennikov explained.

These “left overs” will be accumulated in a special pool, from which the proceeds will be exchanged for 1 INCH and either claimed by the participants in the administration or distributed to the referrers.

The 1 inch was launched in 2019 at the HT Global Hackathon by Kuntz, a former software engineer at Porsche, and Anton Bukov, a former smart-contract developer of the NER protocol. The project has raised $ 14.8 million in two rounds Binance Lab, Pantera And others earlier this year.

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