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1inch
1inch (1INCH) is the governance and utility token of the 1inch Network, a decentralized exchange aggregator designed to help users find better trading rates.
This coin is available on Newton.
Instead of relying on a single platform, 1inch aggregates prices from multiple decentralized exchanges (DEXs) and liquidity sources. This approach aims to reduce slippage, offer more competitive rates, and help users maximize rewards.
1inch is a decentralized exchange (DEX) aggregator that aims to secure better prices, lower fees, and more efficient trades than you’d get by using a single exchange. Its core engine, known as Pathfinder, scans multiple DEXs, e.g. Uniswap, SushiSwap, and Balancer, to find the most cost-effective trading routes by factoring in exchange rates, trading fees, gas costs and the like.
What makes 1inch particularly powerful is its ability to split individual trades across multiple exchanges and execute them through different routes. For example, if you want to swap $100 worth of SOL for ETH, 1inch might determine that the best strategy is to route $30 through one exchange and $70 through another or even convert your tokens through an intermediate stablecoin first. All of this complexity is handled automatically behind the scenes, while users only need to initiate a single transaction.
The platform's newer Fusion feature further enhances this process by reducing gas fees and protecting against front-running through a Dutch auction mechanism and third-party market makers (resolvers). These resolvers cover gas fees, profit from price arbitrage, and earn incentives for their participation. This setup can help protect users from exploitative trading bots and high gas costs, especially on congested networks.
Beyond aggregation, 1inch operates its liquidity protocol. Liquidity providers (LPs) can deposit their crypto assets into 1inch pools, enabling traders to execute swaps using that pooled liquidity. LPs earn LP tokens as proof of their deposit and may stake these tokens or trade them.
1inch also offers a limit order protocol, enabling users to set conditions and execute trades only at specific target prices rather than accepting the current market rate. This allows for more advanced trading strategies, such as stop-loss or trailing stop orders, providing flexibility and automated risk management tools often found in traditional financial markets.
Finally, the 1inch token ties the ecosystem together. As a governance token, it lets holders vote on protocol parameters and upgrades. As a utility token, it may grant access to staking rewards and other platform incentives. Being an ERC-20 token, 1INCH integrates seamlessly with DeFi protocols, wallets, and a wide range of blockchain networks.
1inch’s main advantage is its DEX aggregation, potentially offering more favourable trade rates by tapping into multiple liquidity sources. The token also supports governance functionalities within the ecosystem.
Yes, purchasing 1inch through Newton is entirely legal in Canada. We maintain full compliance with Canadian securities regulations and anti-money laundering requirements.
You can buy as much 1inch as your available CAD balance allows. There’s no maximum limit. You can start with as little as $10 CAD, the minimum deposit amount.
With Newton, you can buy 1inch in minutes. The account verification process typically takes less than five minutes, and funding via Interac e-Transfer is nearly instant. Buying 1inch is immediate once funds are available in your account.
1inch holders can store their tokens in a Newton account or transfer them to a personal wallet for greater control. The 1inch decentralized exchange aggregator enables cost-effective trades across multiple DEXs, allowing users to swap 1inch for Bitcoin, Ethereum, and other altcoins. Staking 1inch grants rewards and voting rights (Unicorn Power) within the ecosystem, while providing liquidity to the 1inch Liquidity Protocol offers additional earning opportunities.
Users can send 1inch seamlessly to other wallets, incorporate it into a diversified portfolio, and participate in DAO governance by voting on protocol updates, fee structures, and platform developments. The Limit Order Protocol further enhances trading by allowing users to set predefined conditions for token swaps, ensuring better control over trades.
1inch was founded by Sergej Kunz and Anton Bukov at the ETHGlobal New York hackathon in May 2019. Kunz, who previously worked in cybersecurity (including roles at Porsche) and hosted the CryptoManiacs YouTube channel, and Bukov, a former NEAR Protocol smart contract developer, combined their expertise to create a powerful DEX aggregator.
The project quickly gained significant financial backing and market traction. After raising an initial $2.8 million from Binance Labs in 2020, 1inch secured a $12 million investment round led by Pantera Capital, followed by a substantial $175 million funding round in 2021. The platform's rapid adoption was evident as it surpassed $1 billion in trading volume within its first year of operation.
1inch expanded beyond Ethereum to integrate with numerous networks, including the Polygon, Avalanche, Base, Arbitrum, Optimism, and Fantoma, among others, enhancing its multi-chain capabilities. In December 2020, the project launched its governance and utility token, 1INCH, issued by the non-profit 1inch Foundation. Early adopters received 1INCH via an airdrop, encouraging community participation from the outset.
The project's structure evolved into three main components: the non-profit 1inch Foundation, that manages the 1INCH token and provides grants; 1inch Labs, that handles technical development; and a DAO (Decentralized Autonomous Organization) for governance.
Trading fees for 1inch are included in the transaction total and displayed before you confirm each trade. For the latest and most accurate fee information, please visit Newton’s Fees page.
Yes, you can Sell 1inch and convert it back to Canadian dollars (CAD) quickly and securely. Withdrawals typically process instantly via EFT or e-transfer but may take up to two business days if additional verification is needed.
For the most current information on 1inch withdrawal speeds, options, and fees, please refer to Newton’s Fees page.
Safeguard your 1inch tokens in your Newton account or transfer them to a personal wallet for enhanced control.
Earn rewards by staking 1inch, helping to secure the network.
Transfer 1inch tokens to other wallets or platforms seamlessly.
Leverage 1inch decentralized exchange aggregator for cost-effective trades across multiple DEXs. Easily swap 1inch for Bitcoin, Ethereum, and other altcoins.
Include 1inch in a diversified digital asset portfolio to spread risk and explore growth opportunities.
Use your 1inch tokens to participate in DAO governance, voting on proposed protocol updates, fee structures, and platform developments.
*Newton does not currently support staking, governance, interest-earning, or other utility functions, where applicable, for this asset.
These involve person-to-person trades where you buy 1inch directly from another individual, often through peer-to-peer platforms or local community networks. While possible, this method often carries security and trust challenges.
These include centralized exchanges, decentralized exchanges, and other intermediaries or platforms designed for buying 1inch. Many individuals prefer to purchase 1inch through a regulated cryptocurrency platform like Newton, which offers an easy experience with secure transactions and compliance with Canadian regulations.
Trading fees are included in the transaction total and displayed before you finalize your trade, so you always know what you’ll pay. Please visit Newton's Fees page for the most current information on 1inch fees.
Newton prioritizes user security with new device registration, login history monitoring, anti-phishing protection, multi-factor authentication, and institutional-grade custody, storing most assets in insured cold storage.
Newton makes it affordable to buy and sell 1inch, with a 1.50% - 1.60% fee. For more information about fees, see our Prices page. Newton covers up to $5 of network fees on your first daily withdrawal. For additional withdrawals, or if network fees exceed $5, the estimated network fee is confirmed prior to withdrawal.
Newton’s intuitive app and web platform let you trade 1inch effortlessly on any device. Available on web, iOS, and Android devices.
Registered with the OSC and compliant with Canadian Securities Administrators (CSA) regulations.
As a Canadian-based platform, Newton provides a secure and reliable environment for Canadians to trade 1inch and other cryptocurrencies. Newton’s emphasis on security and ease of use makes it a trusted platform for cryptocurrency trading in Canada.
Visit Newton's signup page or download the app (available on iOS and Android) to create your account. Complete the quick and secure verification process using your government-issued ID to unlock full access to the platform.
Deposit funds into your Newton account using one of the following methods:
Interac e-Transfer: A fast and convenient way to fund your account, with deposits typically processed instantly or within 2 hours.
Wire Transfer: Suitable for larger transactions. Wire transfers may take up to 3 business days to process.
Navigate to the trading section to begin.
Choose 1inch from available cryptocurrencies.
Enter how much 1inch you want to purchase in either Canadian dollars (CAD) or 1inch amount. You'll see all fees and the exchange rate before confirming your trade.
Confirm your trade details to complete the transaction. The 1inch tokens will appear in your Newton account shortly after.
You can also transfer your 1inch tokens to external storage solutions. These include hardware wallets, which are physical devices that store your 1inch offline, and software wallets, which are digital applications(desktop, mobile, or web-based applications) for storing and managing your 1inch. Always ensure that the wallet you choose supports ERC-20 tokens, as 1inch is built on the Ethereum network.
Newton provides secure, institutional-grade custody for your 1inch. Most assets are stored offline in cold storage to protect against potential risks and are insured for added protection. You can easily access your 1inch tokens for trading or selling whenever you choose.
Your security is important. Newton is committed to being a leader in compliance, security, and technical protocols.
