What is the 1 inch exchange (incognito exchange)
What is a 1 inch exchange? 1 inch exchange is currently the most popular decentralized trading platform on the market
1inch was launched in November 2018 to provide users with a safe and efficient one-stop digital asset trading service, while allowing users to exchange various Cryptocurrency into Ethereum tokens through smart contracts and automated Market maker (AMMs). Unlike other DEX, 1inch adopts an order book model to accurately reflect the price information of tokens in the liquidity pool. Therefore, users can view price changes and provide quotes at any time To further understand what a 1 inch trading platform is, let’s first introduce 1 inch. 1 INCH is a decentralized trading protocol that uses on chain data to measure market conditions. 1INCH can help you compare the prices of any ERC20 token in the market and the token balance on 1inch. For example, you can exchange tokens from 1 INCH to 10 INCH.exchange; You can also choose products that are more suitable for your market or price changes based on your own needs. 1inch supports instant interoperability between all Ethereum based networks without bridging networks, which means you can transfer tokens across multiple Chain transfer without directly connecting to one blockchain. 2USDT: Stablecoin regulated by the US Financial crime law enforcement network. As a new Stablecoin, 1USDT has many types. Fiat money such as the US dollar, such as the euro, the Swiss franc and other Fiat money. In addition, there are many other currencies, such as Bitcoin, XRP, and so on. 3BTC: 1USDT is a single US dollar asset portfolio composed of ETH and BNB, used to pay transaction fees. Among them, 1BTC is a 1:1 fixed exchange rate Stablecoin, which represents a Stablecoin of 1 cent, 1 dollar, 1 to 100 times, and can be used to purchase and sell Stablecoin worth more than 1 trillion dollars. 5BTC=$5.1 billion. 1INCH token is a fully mortgaged token on the Ethereum blockchain. These tokens will be stored in the smart contract and a Ethereum address will be generated under the chain. Each 1INXToken has a unique address starting with 0x, which is the 1CO publisher and operator on 1inch. 4USDC=1USDT. 1 INCH does not have 1 1CO token like USDCoin or Sushisswap For those who want to invest in digital currencies, 1INCH is like “oil” in the DeFi world, but for inexperienced investors, 1INCH is not a high-risk investment method, on the contrary, they hope to obtain returns. Oil “is a simple example, and” crude oil “refers to the profits earned by people selling oil fields to miners and then buying back stocks In addition to the above Stablecoin, 1inch also provides a series of other Cryptocurrency, including DAI, UNI, USDC, 1crv, 1crp, 1stTETH, LINK and SUSHI
incognito exchange
It is reported that according to the official Twitter news, the Cryptocurrency exchange incognito announced that its native token INC will be launched on CoinbasePro from January 15. This token will be traded as an ERC-20 standard token and provide liquidity through INCO, allowing users to exchange tokens and assets quickly with zero commission, low handling fees, and without the need for centralized exchanges. In addition, the newly established INCOV team will also build a platform for global institutional investors to leverage their digital assets to create decentralized financial contract markets.
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