As a result of the Token Sale, 1INCH (R), a decentralized application platform, was launched on the Ethereum blockchain. The platform serves as the infrastructure for financial trading and management of digital assets, and it is open source. The project was created by BlockState, a company that is trying to solve the problem of reconciliation of multiple digital assets.
It seems that the whale is out of the ocean. Just when the Bitcoin price run-up was solidifying, news broke that 1inch is now integrated to the trading platform rocketico. The integration allows users to buy and sell Bitcoin through their 1inch wallets, and it will greatly increase liquidity for the crypto community.
One would think that the cryptocurrency industry would have seen its fair share of hacks and scams. Unfortunately, just because its market cap is huge, doesn’t mean the industry is immune to crime. On July 8, 2018, in a post to the company’s blog, Binance, the world’s largest cryptocurrency exchange by daily trading volume, announced that they had suffered a cyber-attack that saw a loss exceeding $40 million.
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- 1inch (1INCH) is a cryptocurrency that has seen rapid price rise.
- After Liquidity Integration, 1INCH reaches a new high.
- The platform has launched a 1INCH wallet that makes DeFi more accessible to users.
- These events suggest that the token may soon soar to unprecedented heights.
The price of 1inch (1INCH), a cryptocurrency, has skyrocketed. However, the price increased after the news that the protocol has pooled liquidity from the fast growing MDEX DeFi. Furthermore, the Binance Smart Chain is used by the MDEX DeFi ecosystem (BSC).
Recent 1INCH Developments
This integration will also aid the 1INCH in expanding its reach and solidifying its position as the most widely used DeFi aggregator to date. The introduction of the 1INCH wallet, which offers a user-friendly entrance to DeFi, comes following the integration of MDEX liquidity.
Aside from the wallet, the company also stated that it would collaborate with WireX. (WXT).
WXT is also a digital payment platform that facilitates the migration of 20% of the WXT token supply. However, the Ethereum (ETH) network is connected to the Stellar (XLM) network.
Furthermore, these factors aided 1INCH in setting a new high of $7.55 on May 6. At the time of writing, the 1INCH price was $7.12, with a 24-hour trading volume of $284 million, according to CoinMarketcap.
Furthermore, the project’s recent integration with the Binance Smart Chain, the release of the token’s own native wallet, and the fact that it is one of the most widely used DEXs on the Ethereum network are all signs that the project is paving the way for automated market-making and the yield of DeFi opportunities in the crypto space. These events suggest that the token may soon soar to unprecedented heights.
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