The DeFi platform 1inch publishes governance and utility tokens

The DeFi platform 1inch publishes governance and utility tokens

The team behind DeFi platform 1inch is releasing a governance and utility token, according to an announcement on December 25th. The 1-INCH token is used for both the platform's automated market maker protocol and the decentralized exchange aggregator service.

With the governance module “Aggregation Protocol”, stakers can vote on the distribution of spread surplus coins. These are created when the final rate for a transaction made through the aggregator service is higher than that confirmed by the user.

Read on on Coin Telegraph

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